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Role Purpose:
The Inventory Controller Associate is responsible for monitoring and maintaining adequate inventory levels for Majid Al Futtaim Lifestyle brands in all stores and warehouse locations. The role ensures stock inventory compliance in accordance with Company policy and supports the Planning & Merchandising function in overseeing stock movement, reporting stock loss and keeping accurate track of all inventory related data.
Responsibilities will include, but will not be limited to the following:
Operations
Standards
Customer
Standards
Customer
- Responsible for tracking inventory levels and stock movement across MAF Lifestyle stores and warehouse.
- Track purchases received, inter-store stock movement, return of old season stock to suppliers, removal of damaged stock from stores based on relevant manager approvals.
- Generate weekly and monthly stock movement and category wise summary reports to all stores and ensure these are available for management review.
- Validate and finalize the half year and end of year stock takes carried out in all store locations and support store staff in conducting physical stock counts.
- Ensure Inventory control procedures are in line with defined policy.
- Research and report root causes of inventory shrinkage based on item level analysis, to relevant management and make recommendations to minimize risk of stock loss.
- Highlight any discrepancies based on quantity and value during the inventory period and escalate occurrences of missing articles at item and category level, for further investigation by the audit team.
- Contribute and support the business in achieving the Dare Today, Change Tomorrow sustainability strategy.
- Brief and educate the store teams on the Inventory control processes and procedures.
- Build professional relationship across stores and warehouse staff to ensure smooth and collaborative stock counts and accurate reporting.
KPIs
- Accuracy of stock counts and stock records.
- Reporting and finalization of all stock count results within given timeframes.
- Inventory book closure and stock write-off completion by given timeframes.
- Sustainability Initiatives
Functional / Technical Competencies
Knowledge of supply chain procedures and stock management
Understanding of inventory management software
Behavioral Competencies
- Leads the Way – Is able to prioritize work based on urgency and impact. Is able to communicate objectives in a clear manner. Reaches out to colleagues for support as and when needed to ensure timely delivery of objectives. Takes initiative to create positive energy. Enthusiastic about new challenges.
- Drives Impact – Is able to identify key pieces of information required for delivery of work. Identifies areas of risk within own role. Understands when things are urgent. Takes ownership and escalates where required in a timely manner.
- Thinks Customer – Actively listens and demonstrates understanding for customer’s stated and unstated expectations, and understands what is needed to deliver on expectations. Delivers value and quality to the customer. Understands “customer first” mindset.
- Thinks Group – Understands how and where own role / work fits in the overall company. Demonstrates willingness and ability to collaborate. Actively achieves targets. Communicates well with colleagues. Listens attentively. Does not shy away from collaborating.
- Develops Talent – Suggests ways of improving efficiency. Spends time learning and improving. Regularly seeks feedback. Responds honestly to difficult questions and gives relevant feedback when required.
- Fosters Innovation – Does not hesitate to share new ideas. Is curious and takes inspiration from best practices. Demonstrates creativity in day to day work.
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Qualifications & Experience
Qualifications / Education
High School Certificate
Experience
2-3 Years’ experience in stock counts and inventory management
Retail store experience will be an added advantage
