Inventory Accounts & Purchasing Officer at MMABON Custom & Retail

MMABON is a leading supplier of high-quality apparel for organizations and businesses across a range of industries. With a strong reputation for excellence, we offer a wide range of customizable options that allow our customers to showcase their brand and make a lasting impression on their clients and stakeholders.

We are recruiting to fill the position below:

Job Title: Inventory Accounts & Purchasing Officer

Location: Ajah, Lekki - Lagos
Employment Type: Full-time

Job Description

• The Inventory / Purchasing Officer for a Fashion & Printing Organisationis responsible for managing the inventory and procurement activities related to the production of customizable apparel.
• This person will oversee the stock levels, coordinate with suppliers, ensure timely procurement of materials, and maintain accurate records of inventory transactions.
• Additionally, candidate will monitor the production schedule and collaborate with cross-functional teams to meet customer demands.

Responsibilities

• Manage inventory control systems for customizable apparel, including tracking stock levels, item descriptions, and locations.
• Coordinate with suppliers to ensure timely procurement of raw materials, fabrics, trims, and other components needed for customization.
• Monitor the production schedule and collaborate with production teams to align inventory levels with customer demands.
• Conduct regular physical inventory counts, reconcile discrepancies, and address any inventory-related issues.
• Maintain accurate records of inventory transactions, such as goods receipts, material issuances, and stock adjustments.
• Implement and maintain inventory management software tailored to the customizable apparel business.
• Evaluate supplier performance, negotiate pricing and contracts, and maintain strong relationships with vendors.
• Collaborate with the design and sales teams to forecast demand and ensure adequate inventory levels to fulfill customer orders.
• Analyze inventory data to identify slow-moving items, excess stock, and potential shortages.
• Implement process improvements to optimize inventory control, streamline purchasing procedures, and reduce lead times.

Key Performance Indicators (KPIs)

• Inventory Accuracy: Measure the accuracy of inventory records by comparing physical counts to system records.
• Stock Turnover: Calculate the number of times inventory is used or sold within a specific period for customizable apparel.
• Order Fulfillment Time: Monitor the time taken to process and fulfill customer orders for customized apparel.
• Supplier Performance: Evaluate the performance of suppliers based on factors such as on-time delivery, quality, and pricing.
• Material Cost Savings: Track the cost savings achieved through effective negotiation and procurement practices.
• Production Efficiency: Measure the efficiency of the production process by monitoring lead times and minimizing production delays.
• Customer Satisfaction: Assess customer satisfaction levels through feedback and order fulfillment metrics.

Requirements

• Candidates should possess an HND, PGCE, or Bachelor's Degree with 2-4 years experience
• Solid understanding of inventory management principles, particularly in the context of customizable apparel production.
• Knowledge of sourcing, procurement, and supplier management for raw materials, fabrics, trims, and other components.
• Familiarity with customizable apparel production processes, including order customization, batch production, and lead time considerations.
• Proficiency in using inventory management software and systems, preferably customized for the apparel industry.
• Excellent numerical and analytical skills, with a keen eye for detail and the ability to analyze inventory-related data.
• Knowledge of accounting principles and practices related to inventory and purchasing transactions.
• Strong negotiation and communication skills to collaborate effectively with suppliers and cross-functional teams.
• Ability to conduct physical inventory counts, reconcile discrepancies, and address inventory-related issues promptly.
• Organizational and time management skills to manage multiple priorities and meet production schedules.
• Problem-solving and critical-thinking abilities to identify process improvements and optimize inventory control and purchasing procedures.

Application Closing Date
31st July, 2023.