Inventory Officer at Ascentech Services Limited

Ascentech Services Limited is a full-fledged Human Resource Solution Provider incorporated in 2013 with its Head Office in Lagos, Nigeria. We are committed to forging long-term partnerships with our clients by creating and delivering robust and flexible services that address the changing needs of their business.

We are recruiting to fill the position below:

Job Title: Inventory Officer

Location: Isheri, Lagos
Employment Type: Full-time

Responsibilities

• Monitor and control inventory levels, tracking stock movements, and conducting regular stock counts to ensure accuracy and completeness of inventory records.
• Receive, inspect, and record incoming inventory shipments, verifying quantities, quality, and condition of goods received against purchase orders or packing slips.
• Update inventory databases, systems, or spreadsheets to reflect stock transactions, adjustments, and movements, maintaining up-to-date and accurate inventory records.
• Generate inventory reports, including stock levels, aging analysis, and inventory turnover ratios, to assess inventory performance and identify trends or issues.
• Analyze demand patterns, sales forecasts, and historical data to forecast inventory requirements, set reorder points, and determine optimal stock levels.
• Coordinate with procurement and purchasing teams to place orders for replenishment stock, ensuring timely delivery and availability of inventory items.
• Manage stock rotation, shelf-life tracking, and expiry date monitoring for perishable or time-sensitive goods, minimizing waste and spoilage.
• Implement inventory control measures, such as FIFO (first-in, first-out) or LIFO (last-in, first-out), to optimize inventory turnover and minimize obsolescence.
• Conduct regular inventory audits, reconciling physical stock counts with inventory records, investigating discrepancies, and resolving inventory variances.
• Identify and investigate inventory discrepancies, stock shortages, or surplus inventory, conducting root cause analysis and implementing corrective actions.
• Collaborate with warehouse and logistics teams to ensure efficient storage, handling, and distribution of inventory items, optimizing warehouse layout and organization.
• Develop and maintain relationships with suppliers, vendors, and service providers, negotiating terms, pricing, and delivery schedules to ensure reliable supply of inventory items.

Requirements and Qualifications

• Bachelor's degree or HND in a relevant field
• Certification in logistics, supply chain management or inventory control is a plus.
• 1-3 years of proven experience in inventory management, stock control, or warehouse operations, preferably in a warehouse or logistics environment.
• Strong analytical and numerical skills, with the ability to analyze inventory data, interpret trends, and make data-driven decisions.
• Proficiency in inventory management software, ERP systems, and Microsoft Office Suite (Excel, Word, Outlook).
• Attention to detail and accuracy in inventory record-keeping, stock tracking, and data entry.
• Knowledge of inventory control principles, best practices, and regulatory requirements, such as FIFO, LIFO, and inventory valuation methods.

Application Closing Date
Not Specified.

How to Apply
Interested and qualified candidates should send their CV to: cv@ascentech.com.ng using the Job Title as the subject of the mail.