Inventory Controller Section Head
Al Othaim Markets
Total years of experience :26 years, 0 Months
• Control business process and drive discipline in managing inventory and operating expenses in all the branches and warehouses
• Monitor and analyze monthly operating results against budget
• Maintain control of company stock and inventory to ensure the right products are in the right place at the right time, based on commercial forecast and new product introduction
• Provide Inventory / Stock support on business initiatives, working with account managers and procurement teams, streamlining processes and reducing any financial liability to the company
• Provide monthly reports to support key performance indicators.
• Continuous management and reduction of surplus and obsolescent stocks
• Implement action plan to avoid negative stock
• Control auto replenishment by maintaining the correct level of min and max standards
• Conduct cyclic and annual inventory counts
• Control shrinkage, waste and margin
•Directed and coordinated company financial planning and budget management functions.
•Recommended benchmarks for measuring the financial and operating performance of divisions and departments.
•Monitored and analyzed monthly operating results against budget.
•Directed and coordinated debt financing and debt service payments with external agencies.
•Managed the preparation of the official annual report of actual revenues, transfers, and expenses.
•Managed the preparation of financial outlooks and financial forecasts.
•Prepared financial analysis for contract negotiations and product investment decisions.
•Established and implemented short- and long-range departmental goals, objectives, policies, and operating procedures.
•Directly or indirectly involved in negotiations with suppliers and contractual agreements in liaison with legal department
Responsibilities
•Managed Operations of hypermarket and express stores and ensured the highest level of customer service
•Reviewed and controlled business processes through site audit and reported KPI's to the top management
•Ensured proper product ordering and maintained optimal level of inventory level at all times
•Worked cross functionally with marketing team for product assortment and successful launch of promotions
•Trained and developed staff on policies and procedures for existing and new market openings
Achievements
•Trained commercial managers on operational procedures for the new store openings in Jordan, Syria and Pakistan
•Ensured optimal level of inventory that resulted in better sales and financial result
•Launched Standard Management Project to standardize all the business processes all across the company
Responsibilities
•Developed and executed a comprehensive purchasing, distribution and logistics plan which drove optimal customer service and profitability
•Ensured proper logistic, warehouse, & material management in accordance with the standard guidelines of McDonald's
•Risk Management through hedging and forward bookings in conjunction with Treasury Developed and verified contingency plans and stock recovery plans
•Developed and implemented best practices with regard to systems integration and optimization, inventory control, demand planning, , pricing and optimum stocking procedures
Achievements
•Managed to reduce food and paper cost by 6.5% through local supplier's development, hedging palm oil and other commodity items and switching to more innovative packaging
•Developed and introduced new products that resulted in market penetration and sales growth
•Negotiated good rates and credit period with suppliers and ensured optimal level of inventory that improved the bottom line by 4%
•Developed and implemented policy and procedures for computer systems, operations and development
Achievements
•Built networking infrastructure between stores and head office
•Web based Store management systems
•McDonald's web site; www.mcdonalds.com.pk
Responsibilities:
•Maintained the highest standard of quality service and cleanliness
•Executed market wide promotions and store marketing plan to maximize sales potential
•Executed right product & pricing strategy to attract all categories of customers
•Enforced and managed all food safety and sanitation requirements and practices
Achievement
•Introduced McDonald's in Pakistan by managing the successful country and city openings of McDonald's outlets