Inventory & Cost Control Senior Specialist
Cool Inc
Total years of experience :14 years, 10 Months
• Menu costing, menu pricing and mark-ups for food, beverage and retail items.
• Start to end inventory management process for all the brands and providing COGS report to the management (As per territory / brand/ individual outlets).
• Provide scenario analysis to the management for all the promotions and offers, considering the targets to be achieved and its impact on the cost of sales.
• Develop the company’s inventory management process with the aim of controlling costs within budgetary limits.
• Minimize overstocks to maximize availability in the right stock on category size level.
• Costing of recipes prepared by the Executive Chef and provide budgeted selling price considering the cost budget factors of the organization.
• Prepare daily flash report of food costs and verify cost related issues.
• Conduct month closing process by preparing a full set F&B cost reports.
• Industrial Level Food Costing and Cost controlling for INNOVATIVE FOOD INDUSTRIES (subsidiary of Shawarmer Food Co.)
Inventory Responsibilities
• Develop reports for periodic statistical information & inventory movement records.
• Upgrade All Inventory from Manual to System.
• Forecasting of Food & Beverage inventory needs, while placing orders.
• Reducing wastage, avoiding out of stocks and ensuring on time delivery.
• Received Invoices into the system (ALPHA) and implemented inventory control policies and procedures, adjusted quantities and maintain up to date item detail.
• Random spot-checks on receiving stores, food production and outlet areas.
• Audit monthly stock and prepare reconciliation on all stockrooms.
• Conduct spot check to ensure that the goods received are as per specifications and the deliveries of goods by suppliers are consistent with the receiving schedule and the storerooms are not overstock especially during month - end.
• Spot check on the receiving department to ensure that the scales are correct, and goods are checked for quality.
• Create & Update all Recipe costing in the system and linked them with POS.
• Many other responsibilities as per requirement.
Cost Control Responsibilities
• Prepare the daily and monthly cost report department in relation to cost of sales.
• Control on purchasing by comparing the purchase order with forecasting reports
• Price controlling by comparison of quotations from different suppliers.
• Keep checking for Recipe costings on monthly basis for accurate Theoretical Cost.
• Spot checks for production, butchery and portioning.
• Controlling on Stock by checking reports of Fast moving, Stop Moving and Slow-moving items.
• Monthly Preparation of Actual cost Vs Theoretical cost and extraction of deviations in branches.
• Controlling on wastage by comparing production, consumption and sales report.
• Audit purchases, transfer & pricing.
• Importing, Cleaning, transforming & validating data with the purpose of understanding or making conclusions from the data for decision making purpose.
• Handling inventory of almost 100 branches in central region of KSA with almost 9 different food concepts include 2 American concepts (CINNABON & WINGSTOP).
• Presenting data in graphs, charts, tables.
• I am also responsible for presenting conclusions gained from analyzing data using statistical tool like MS EXCEL.
• Develop and maintain reports using Microsoft Reporting Services and available reporting tools.
• Writing reports on inventory usage, wastage, transfers etc. after gathering and analysis of data.
• Using software to generate Consumption.
• Audit of inventory & invoices, receive from different branches (CENTRAL REGION RIYADH).
• Correction, calculation and posting of inventory.
• Working in MICROSOFT DYNAMICS NAV.
• Maintains receiving, warehousing, and distribution operations by initiating, coordinating, and enforcing program, operational, and personnel policies and procedures.
• Complies with federal, state, and local warehousing, material handling, and shipping requirements by studying existing and new legislation; enforcing adherence to requirements; advising management on needed actions.
• Safeguards warehouse operations and contents by establishing and monitoring security procedures and protocols.
• Controls inventory levels by conducting physical counts; reconciling with data storage system.
• Maintains physical condition of warehouse by planning and implementing new design layouts; inspecting equipment; issuing work orders for repair and requisitions for replacement.
• Achieves financial objectives by preparing an annual budget; scheduling expenditures; analyzing variances; initiating corrective actions.
• Completes warehouse operational requirements by scheduling and assigning employees; following up on work results.
• Maintains warehouse staff job results by coaching, counseling, and disciplining employees; planning, monitoring, and appraising job results.
• Contributes to team effort by accomplishing related results as needed.
• Processing orders and planning the dispatching of products
• Setting aside storage areas for new stock
• Maintaining automated storage and retrieval systems
• Ensures that Contract billing is accurate
• Responsible in the successful and timely flow of production work and oversee all work that is set-up during the day.
• Issue supplies, Materials and equipment to warehouse employees.
• Complete all necessary paperwork for stock items issued and forward it to my manager.
• Receives delivered supplies, Materials and equipment from suppliers and confirm that delivered goods match purchase order specifications of quantity, condition, model no etc.
• Conducts weekly cycle counts of inventory materials based upon computer monitored suggested re-order listing.
• Assist in conducting complete physical inventory count monthly.
• Organizes and maintain warehouse and inventory yards area for efficient material storage and handling.
• Maintain labeling system on each stock item; randomly count stock inventory shelving with stock items received or returned.
• Calculate cost of inventory on every monthly closing.
• Deal with different supplier about delivery timings and procedures.
• Perform cash purchase on different occasion when needed.
• Perform other related duties as required.