Econo Foods is a fast-growing FMCG Retail company specializing in frozen foods. Dedicated to delivering high-quality products at unbeatable prices, we prioritize customer satisfaction every single day. Our commitment to excellence, simplicity and our vibrant colourful people working at Econo Foods sets us apart in the industry. Central to our identity is our unique HO HOLA Culture, characterized by appreciation and recognition. We celebrate the contribution of every individual and foster a supportive environment where everyone can thrive.
We are currently seeking a dynamic individual to join our team and contribute to our ongoing success. If you are passionate about delivering exceptional customer service, collaborating with a diverse team, and embracing continuous learning and growth, Econo Foods could be the perfect fit for you. Join us in our mission to provide quality products, value, and service to our customers, every single day.
PURPOSE OF THE ROLE
The purpose of the Stock Manager role is to lead and oversee all aspects of inventory control and stock management at an operational level. This includes the implementation of policies and procedures that ensure stock accuracy, availability, and optimal flow throughout the supply chain. The Stock Manager plays a key role in aligning inventory processes with business goals, minimizing stock variances, managing dead and slow-moving stock, and reducing stock-related costs. This role is also responsible for building and leading a high-performing stock team, fostering a culture of accountability, efficiency, and continuous improvement.
Key Responsibilities
Inventory Management:
* Implement inventory control strategies that align with organizational objectives.
* Analyse stock levels and turnover rates, making data-driven recommendations to optimize inventory availability and minimize stockouts or overstock situations.
* Ensure an accurate stock file is maintained to support on-time-and-in-full delivery of orders, and accurate stock replenishment by Procurement.
* Drive on-time invoice corrections in support of Excellent customer service. Support with insightful reporting.
Stock Accuracy And Reconciliation
* Ensure accurate and timely reconciliation of stock movements to and from multiple locations, including warehouses, retail locations, and distribution centres.
* Lead efforts to identify and resolve stock discrepancies, investigating root causes, implementing corrective actions, and maintaining inventory integrity. Report non-compliance by other departments and drive corrective action.
* Collaborate with other departments to ensure accurate invoicing, goods receipt and issues, transfers and reporting.
Dead And Slow-Moving Stock Management, Aged Stock Management
* Identify, manage, and minimize aged, dead or slow-moving stock. Collaborate with relevant departments to determine appropriate actions, such as discounting, repurposing, or disposal of obsolete stock.
Operational Excellence In Stock Management
* Oversee regular stock counts and audits, ensuring compliance with established procedures.
* Implement best practices for inventory handling, including security and camera protocols and use of monitoring systems.
* Reconcile Chep pallet transactions to ensure accurate tracking and reporting.
* Adhere to visual performance management standards and update graphs and reports accordingly.
Team Leadership And Development
* Build, mentor, and lead a high-performing stock management team, fostering a culture of collaboration, accountability, and continuous learning.
* Conduct regular performance reviews, provide ongoing training, and develop succession plans for key positions. Conduct daily team meetings.
* Promote adherence to safety and compliance standards, ensuring a safe and effective work environment.
System And Process Improvement
* Drive continuous improvement initiatives in stock management processes, using data analysis to identify bottlenecks, inefficiencies, and areas for enhancement.
* Collaborate with cross-functional teams to ensure alignment on inventory practices and support business-wide improvements.
Reporting And Analysis
* Prepare and present regular reports on stock performance, key metrics, and KPIs to senior management.
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