Senior Inventory Controller
Central Circle Co
Total years of experience :15 years, 5 Months
High-impact, diligent, and results-driven professional experienced in monitoring and controlling inventory, assuring safe and efficient distribution and storage practices, applying special attention to cold chain goods, and analyzing Inventory data, processes, and systems to solve supply chain problems related to inventory management . Specialized experience in the medical distribution industries; Work closely with international medical equipment and pharmaceutical companies such as Roche, J&J, Sanofi, AstraZeneca, GSK, Dreger, Phillips, Steris, Bayer, Abbot, Boston and many others- to assure safe and efficient inventory management and best practices.
-I am an expert in Reconciling inventory Balances, and handling inventory levels.
-I am instrumental in reviewing stock turnover, contract orders, and private stock, identifying slow moving/dead stock, planning inventory activities, appraising procedures for controlling shrinkage, collaborating with departments like Quality/Operation and finance, providing accurate reports on delivery/returns/expenses/inventory, and steering cost and service efficiency for distribution centers.
-Specialties: ~ Process Improvement ~ Cost Control ~ Service Level Agreements ~ Inventory Management ~ ~ Project Management ~ 3PL Handling ~ Management ~ Creation of KPIs & SOPs ~ Operational excellence .
As a senior inventory controller at Central Circle Company the following is my Job responsibilities,
1-Inventory control and demand planning functions .
2- Ensure the accuracy and matching of inventory records in GL .
3- Review, assure and test the accounting determination GL mapping for inventory transactions and movements types when needed .
4- Analyze and reconcile all GL inventory accounts and inventory expenses and ensure the accuracy of business area and cost center allocation .
5-control and monitor Warehouse utilization and logistics expenses .
Participate in the annual budget preparation by validating the inputs and assumption s of logistics budget .
6- Manage the the wall to wall stock count for all storage location .
7- recommend the monthly updates of inventory provisions .
8- Monthly inventory reporting to CFO and EXCOM Inventory Ageing, Damaged Inventory and slow moving Inventory .
9 - Approval of Inventory Scrapping and write off .
• Responsibilities.
o Monitor forecasts and purchases to identify changes or to determine their effect on inventory activities.
o Supervise, monitor and control inventory of stocks and other materials ensuring that the quantities are complete and properly accounted for.
o Formulate and recommend enhancements to improve effectiveness and efficiency of the Inventory system.
o Formulate and establish policies & procedures to ensure the quality, safety and completeness of the inventory.
o Investigate Inventory related discrepancies and provide refinements and remedial actions to properly and accurately address issues and problems.
o Manage Inventory levels to maximise targeted service level objectives, optimise asset utilization and minimize Inventory Investment.
o Analyze inventories to determine how to increase inventory turns, reduce waste and Minimize distress stock, or optimize customer service.
o Identifying slow moving/ dead stock and implementing strategic initiatives to liquidate the same.
o Evaluate and select solutions to improve tracking and reporting of materials or products distribution, storage, or inventory to update management & Suppliers.
o Coordinate with operation department for development, reporting requirements and auditing programs relating to inventory control and accountability.
o Install effective control over all forms and documents to and from the Storage facility.
o Design, update and document inventory operation procedures and processes.
o Identify operational gaps and recommend solutions.
o Attend to internal and external Auditors Requirements.
• Periodic tasks.
o Regularly and periodically submit to higher management inventory reports, inventory data and other information as required by management and other units in the Company.
o Reviewing and validating the foreign supplier Purchase orders and related stock levels.
o Provide accurate reports (Delivery /returns/ expenses, inventory reports) and support to internal and external contacts
o Reviewing and posting foreign Supplier Invoices.
o Costing for Inventories.
o Following up with Clearance Department for arrived Shipments.
o Stock Counting - Negative inventories - Variance investigation.
o Follow up inventory variances investigations and the implementation of corrective actions.
• Responsibilities .
o Regularly and periodically submit to higher management the inventory reports, inventory data and other information required by management and other units in the company.
o Answer Queries from Departments and Auditors (Stock balances, Inventory turnovers, etc.).
o Primary responsible for stock count reconciliation, and accumulation of stock count reconciliation of Yiaco warehouses (YASRA 3PL, YIACO Warehouse, Adan warehouse, and YIACO Apollo)
o Monthly Reconciliation of Inventory balances between YASRA and YIACO, and investigation of the variance.
o Monthly Reconciliation of Inventory balances between General Ledger & Sub Ledger.
o Preparation of Stock Level Analysis.
o Assist internal and external auditors, principal during surprise stock counts.
o Daily Reconciliation of SRV.
o Adjusting quantities due to wrong entry in Dynamics System and stock count.
o Monthly Report Generation, Analysis, and Sending to Departments.
o Item code or batch creation as authorized by Department.
o Change of wrong expiry date.
o Internal stock transfer from batch to batch, location to location, warehouse to warehouse as authorized by Department.
o Ensure proper system block on low shelflife, damaged, expired items.
o Stock Statistics preparation.
o Average Cost checking (Pharma) with investigation with IT Dep.
• Responsibilities
o Assisting on Reconciling Monthly Cash Invoices YIACO System VS WMS.
o Generate Daily, Monthly, Quarterly and Annual Reports.
o As per the Department and Accounts approval, in the Dynamics system transferring from location to location, transfers from warehouse to another Warehouse, transfers from item code to other item code.
o Assisting on Reconciling the Variances of stock count and investigating the reason of the variance.
o Negative Quantity Adjustment after investigation of Inventory Controller and approval of Accounts
o Monthly Reconciliation of SRV and follow-up of Variance with concern person.
o Doing the job of the Inventory controller in his absence and during his leave.
• Responsibilities .
o Receiving the Purchase Orders from Sales team.
o Creating Sales orders and Invoicing on the ERP System.
o Processing the sales return and Credit Notes.
o Generating Daily Sales Reports.
o Updating the sales team with the available stock on hand Report.
o Follow up with accounts department for the new shipment receiving till updating the ERP system.
o Assisting the department head on preparing the annual sales target.
o Preparing the daily memos of the department to the other department
Commerce & Business Administration .