Inventory Analyst at Penda Health

Scope of work

This position is responsible for the coordination of all inventory activities across all stock locations in the organization. The holder of the position shall work closely with the Supply Chain Manager to ensure that the daily supply chain processes are well executed for smooth movement of products throughout the cycle of Quantification, Receiving, Storage, Dispatch Identifying opportunities for process improvement, improving customer service, assisting in the development of key reporting tools, and playing a key/lead role in establishing a robust inventory management system

 Responsibilities:

• Analyze inventory levels of pharmaceutical, general, medical, and laboratory SKUs while working closely with the Supply Chain Manager to replenish inventory in a timely and cost-effective manner at the warehouse.
• Collaborate with other departments to determine inventory needs and anticipate changes in demand.
• Creating and maintaining inventory reports and metrics to monitor inventory performance and make data-driven decisions.
• Develop and implement inventory control procedures to optimize stock levels.
• Monitoring of stock levels and generation of stock replenishment sheets or warehouse picking lists for all the medical centers, for all classes of SKUs based on aggregated data from the data warehouse.
• Oversee the inventory quality and accuracy assurance programs, including weekly and monthly reports
• Develop ongoing programs to identify and reduce or eliminate all slow moving/obsolete inventory items
• Ensure all receipts from suppliers are accurately captured in the existing inventory management system to assure data validity and process all invoices for submission to the finance team.
• Participate in all aspects of inventory management which shall include but not limited to inventory rationalization, expiry management, and end of month stock takes.
• Monitor and report on inventory performance metrics to the supply chain manager.
• Developing inventory management strategies to optimize inventory levels, reduce carrying costs, and improve turnover rates.
• Collaborating with procurement teams to forecast future demand, make purchasing recommendations and ensure accurate and timely fulfillment of orders.
• Perform additional related duties or activities as assigned

Requirements: 

• Degree or Diploma in supply chain management, Finance, Management Accounting, Pharmacy or any other related qualification.
• Minimum of two years experience in inventory data analysis.
• Experience with inventory databases and spreadsheets.
• Excellent knowledge of data analysis and forecasting methods.
• Ability to accurately track inventory and create simplified reports.
• Assure quality of all analytic outputs in a collaborative data-sharing environment.
• An analytical mind with strong arithmetic skills.
• Excellent organizational and planning skills.
• Proficient in utilizing advanced features and functions in Excel.