Group Inventory and Asset Control Officer
Mohamed Hilal Group
Total years of experience :13 years, 8 Months
Ensured accurate inventory and asset control is maintained in (120+) Retail, Restaurants, Warehouses and Factory.
Managing a team of five Inventory Analyst to conduct inventory audit at Restaurants, Stores, Warehouse’s and Factory.
Ensured inventory control needs are consistently met by developing SOP and policies.
Implementing inventory control procedures and best practices.
Reviewing inventory reports to determine root cause of inventory discrepancies and conducting investigations.
Reduced inventory shrink levels from 18% to 4%.
Continuous monitoring and reporting on key inventory metrics.
Implement and maintain processes to optimize inventory levels on finished goods, raw materials and luxury products.
Make sure the inventory control SOP is followed at all levels.
Identify and utilize tools within the ERP system to monitor and control flow in inventory operations.
Preventing theft and fraud at showrooms, stores, factory and warehouses.
Communicate with the Warehouse, Showroom and Factory Manager’s about current stock and potential issues.
Conduct daily analyses to forecast potential inventory issues
Taking actions on inventory variances and discrepancies.
Safeguard the company Inventory/stock/Asset at every areas.
Analyzing sales and inventory reports from restaurant’s and conducting fraud analysis/Audit.
Presenting Internal Audit report with recommendation/actions to Directors.
Preparation of MIS reports (KPI, Audit report, Weekly P & L reports) for management.
A/R Management - Payment follow up and tracking the receivable (Royalty & Marketing fund) from Franchisee.
Analysing the petty cash expenses at restaurants.
Implementing strategies to Control OP-EX.
Taking necessary actions and recommendation for preventing fraud at restaurants.
Traveling to store locations to conduct Internal Audit.
Training Managers in stores regarding day-to-day operations of Finance.
Preparation and sending of KPI and P & L reports to management and franchisee.
Issue out of compliance to franchisee if need arises.
Recommending process and procedure changes to enhance the sales and to prevent theft at stores.
Handling confidential financial information in accordance with company policies.
Responsible for accurate receivable tracking and reporting.
Working closely with purchasing to develop more efficient ways to identify errors.
Responsible for completely audited report delivered to management once each week.
Pricing of new recipes.
Analysing COGS at all locations.
Handling of 18 Showroom’s Operations and Inventory Control. (Branded luxury Watches, Perfumes etc.)
Coding, Pricing and sales analysis of Luxury Brands like: - FENDI, AIGNER, SALVATORE FERRAGAMO, MONTEGRAPPA Etc...
Pricing of items as per company Mark-up.
Actively involved in managing and controlling optimum inventory of raw materials and raise purchase orders as required
Preparation of PO and GRN vouchers.
Follows up and validates stock transfers between stores and warehouse.
Follows up on imported purchase orders and processes as well as updates the stock level with the receiving of the shipments on daily basis.
Visiting showrooms on monthly basis for internal stock audit control.
Assisting Retail GM in all matters related to stocks and retail operations.
Preparation and analysis of movement reports, Sales analysis reports and other MIS reports of all brands.
Analysis of Showroom sales and stock movement.
In charge of stock transfers and repair items.
Controlling and authorization of stock movements from showroom to showroom and from warehouse to showrooms.
Handling of operations related to special promotions & sales period.
Preparation of GRN and Showroom Petty cash Expenses
Checking and Auditing of Daily sales Reports from branches.
Inspection of Warehouse Stocks.
Allocation of stocks (Branded Items) to showrooms.
Updating of inventory in HO and showrooms.
Preparing stock and sales reports for all Suppliers and Retail General Manager.
Generating reports through Oracle Based TIMICS according to Management needs.
Analyzing the stocks and brands.
Tracking & updating stocks both on sheets & computerized system
Avoiding product's shortage.
In time triggering the product's purchasing process
Verifying periodically the matching between physical quantities in stocks with those indicated in the soft solution and undertaking the necessary corrective measures in case of discrepancies.
Auditing & Compliance in charge of 15 branches in Tamil Nadu
Verification of stocks and vouchers.
Auditing of stock on monthly basis.
Monitoring of regional stock movements and transactions.
Verification and Authorisation of JJ Forms (Tamil Nadu VAT form)
Coordination with Depts. for the matters related to VAT
Taking care of all Sales Tax & Income Tax related issues.
Verification of all the statutory challans.
Approval of refund of Caution Deposit to Employees in Tamil Nadu circle.
Approval of Circulars in connection with stock and financial matters in Tamil Nadu.
Checking of all mess expenses- including daily allowance to staff
Checking of payrolls with Salary Payables.
Verification of all expenses & Petty cash.
Preparation of Qty Statement based on date received from HO.
Approval of bills and vouchers and checking whether supporting documents like P.O. & GRN are prepared.
Checking transactions related to gold schemes.
Verification of petty cash expenses.
Draft audit reports for review by the lead auditor, COO and Directors.
MBA (Master of Business Administration) in Finance
A Bachelor of Commerce (abbreviated B.Com. or B.Comm.) is an undergraduate degree in commerce (or bu