Inventory and cost control Section Head
OCI
Total years of experience :19 years, 2 Months
Coordination between production line and logistics- department.
- Responsible for monitoring materials shortage and ordering them.
- Follow up completion of production orders to meet production schedule.
- Control purchasing department budgets.
- Review purchase order claims and contracts for conformance to company policy.
- Maintain optimum stock levels to avoid production stop due to material shortage and to prevent
overstock costs on the other hand.
- Monitoring the flow of spare parts between the factory and the service center to assure
availability to customers and to production line at the same time.
- Planning for all raw & packaging materials needed for production
- Leading Weekly Meetings.
- Oversees the analysis of product demand, trends, forecasts and the adjustment to inventory
plans.
- Responsible for keeping production process as smooth as possible (i.e. avoiding shortages).
- Drive the inventory levels to remain within given targets at a monthly, quarterly and yearly level
(i.e. reducing inventory cost & increasing cash flow).
- Plan and directs distribution of supplies in accordance with company goals and objectives.
- Analyze market and delivery conditions to determine present and future material availability.
- Monitors stock control records and information such as consumption rate, characteristics of
items in storage, current market conditions and stock replenishment.
- Placing economic orders for materials when needed
- Derive information from periodicals, catalogs and other sources to keep informed on price
trends.
- Synchronizing sales requirements & production needs of various materials with related open
orders and deliveries of these materials
- Prepare and analyzes the monthly sales forecast accuracy reports
- Prepare and ensure action is taken by sales and marketing teams on excess stock and slow
movers
- Locate vendors of materials, equipment or supplies, and interview them in order to determine
product availability and terms of sales.
- Prepare and process requisitions and purchase orders for supplies and equipment.
- Interview and hire staff, and oversee staff training.
- Analyze market and delivery systems in order to assess present and future material availability.
- Develop and implement purchasing and contract management instructions, policies, and
procedures.
- Participate in the development of specifications for equipment, products or substitute materials.
Engineering Enterprises for Civil & Steel Constructions S.A.E
www.eecegypt.com
2008 - NOW
Audit and cost control Manager
General Controller of the company's stores
Experience
- Reporting directly to the CFO, responsible for directing all cost accounting related activities in accordance with the company's established policies and procedures.
- Manage all processes and functions within the warehouses.
- Manage a team of to 30 employees within the warehouses.
- Prepare inventory.
- Manage all processes coordinating racking and storing by coding system.
- Responsible for analyzing the Work Order at the end of every month to close it on System.
- Plan, organize and direct all the activities of the cost accounting function
- Development of a standard costing system.
- Manage the transition from the existing cost environment to a new standard cost system.
- Development and maintenance of standard costs and BOMs.
- Proactive analysis of variances and communication of issues and opportunities.
- Develop metrics and tracking system for major cost drivers.
- Define policies and procedures for all cost accounting and inventory activities.
- Coordinate with IT department on system issues, maintenance and developments to improve the cost accounting function and timeliness of reporting.
- ensuring accuracy of inventory counts, analyzing results, book-to-physical reconciliations, investigating variances, and resolving issues through use of root-cause analysis
- Review and approve general ledger accounts assigned to cost accounting.
- Oversee budget and forecasting relating to cost accounting.
- Perform product, variances and margin analysis.
- Responsible for month end close in cost accounting areas.
- Interface with external auditors and assist in external quarterly reviews and annual audit.
- Participate in other accounting and/or management projects as necessary.
- Supervise cost accounting team, including directing work, providing training and development and managing performance related issues.
- Studying and reviewing the industrial costs of the factories and give periodic reports & recommendations to senior management.
- Perform monthly cost, trend & financial analysis of the factories.
- Designing cost reduction plans that help in the implementation of cost reduction measures.
- Handling issues concerning costs of warehouses inventory and the group special projects.
Jan 2010 - 2012
ERP Project Manager
Experience
- Responsible for the development of an effective planning process, for the creation of an integrated project schedule that encompasses all aspects for the ERP Program and for the actual execution in conformance to plans and the continuing update and adjustment of plans and execution to fit changing circumstances.
Mar 2007 - Mar 2008
Internal Audit Supervisor
Experience
• Prepare, examine, and analyze accounting records, financial statements, and other financial reports to assess accuracy, completeness, and conformance to reporting and procedural standards.
• Analyze business operations, trends, costs, revenues, financial commitments, and obligations, to project future revenues and expenses or to provide advice.
• Develop, implement, modify, and document record keeping and accounting systems, making use of current computer technology.
• Prepare forms and manuals for accounting and bookkeeping personnel, and direct their work activities
• Keeping and Recording in Accounts Books.
• Maintain the files of the customers and suppliers.
• Auditing of the trade Accounts Payables and Receivables.
• Preparing the Bank Reconciliation
• I shared in preparing of the financial reports such as: - Balance sheets
- The budget
- Cash flow
Nov 2006 - Mar 2007
Cost Accountant
Experience
• Preparation cost of import purchases through documentary credits and bills extract
• Calculating the actual & standard cost of the product both manually & using computer ERP systems.
• Comparing between actual & standard cost
• Analysis of differences in production costs
• Establish tables of accounts, and assign entries to proper accounts
• Develop, maintain, and analyze budgets, preparing periodic reports that compare standard costs vs. actual costs
Ghabbour Group
Jan. 2005 - Nov 2006
Stock control
Experience
• Supervising all the missions of the stock control section.
• Preparing up the monthly turn over of the stock
• Responsible for analyzing the Work Order at the end of every month to close it on Oracle System in case of shortage
• Responsible for solving and analyzing the deviations of the stock with the Warehouse Manager.
• Responsible for the process adding, clearing the goods and following up the stock on Oracle System.
• Making the transfers of sales to the supplier.
• Making the adding process for the foreign shipments for both CKD & VCI
Responsible for informing the Finance Department of malfunction parts to deduct this amount from supplier account and through issuing rejection certificate in the production line including the malfunction parts.
Notes: Oracle Implementation Project for MM (Material Management)
Attended Courses
- Oracle Implementation Project for MM (Material Management) in Ghabbour Group
- Team-building) hand-an management consulting (
Bachelor in: Commerce. Department: Accounting From: Ain-Shams Duration of study: "Four year's" Date of Bachelor: 2004. Cumulative grade: Good