Loss Prevention Specialist – Inventory Audit
Alshaya Group
Total years of experience :13 years, 10 Months
• Planning Annual Inventory: Organizing and coordinating the annual inventory process for all merchant stores and brands across all Middle East markets.
• Budgeting and Shrinkage Planning: Developing the annual budget and shrinkage plan for brands and retail stores to effectively manage financial resources and mitigate losses.
• Auditing High-Risk Showrooms: Conducting audits of high-risk showrooms to assess stock loss and shrinkage based on past performance and identify areas for improvement.
• Data Analysis: Analyze inventory data to identify trends, patterns, and potential areas of risk or loss. Utilize inventory management systems and software to track inventory movements and reconcile discrepancies.
• Collaboration: Collaborate with other departments, such as operations, finance, IT, and human resources, to align loss prevention efforts with overall business objectives. Coordinate with store or warehouse management to address inventory-related issues.
• Recording and Adjusting Inventory: Maintaining accurate records of information and discrepancies, as well as making necessary adjustments to inventory in the system.
• Financial Reporting: Releasing financial results to the business based on adjusted inventory data to support decision-making and financial management.
• Compliance: Ensure compliance with relevant laws, regulations, and company policies related to inventory management, security, and loss prevention. Stay informed about changes in regulations and industry best practices.
• Supporting Store Investigations: Assisting stores in preparing investigations based on audit results and findings to address any issues effectively.
• Team Leadership: Lead and mentor loss prevention cycle count assistants, ensuring optimal team performance through guidance and training.
• Inventory Management: Oversee all inventory functions, from receiving to shipping, ensuring strict adherence to control procedures to minimize shrinkage.
• Loss Prevention Strategies: Develop and implement comprehensive loss prevention strategies, conducting regular audits and implementing security measures to safeguard assets.
• Risk Assessment: Conduct thorough risk assessments to identify potential areas of vulnerability, collaborating with management to implement necessary controls.
• Investigations: Spearhead investigations into inventory discrepancies and theft incidents, coordinating with internal and external stakeholders.
• Training and Education: Provide comprehensive training to warehouse staffs and cycle count assistant on inventory control and security protocols, fostering a culture of accountability.
• Technology Utilization: Utilize advanced inventory management software and surveillance systems to monitor inventory and detect irregularities.
• Documentation and Reporting: Maintain meticulous records of audits and investigations, preparing detailed reports for management review.
• Continuous Improvement: Drive continuous improvement efforts, refining strategies and procedures based on feedback and industry best practices to enhance efficiency.