stock incharge also known as a stock controller or inventory manager is responsible for overseeing and managing a companys inventory ensuring accurate stock levels and coordinating with various departments to meet demand efficiently.
Key Responsibilities of a Stock Incharge:
Inventory Management:
Monitoring and maintaining accurate stock levels of raw materials unfinished goods and finished goods.
Performing regular physical inventory counts to ensure accuracy.
Identifying and reporting any discrepancies or shortages.
Utilizing inventory management software to track inventory levels set reorder points and generate reports.
Forecasting demand and preventing overstocking or stockouts.
Procurement and Supply Chain:
Placing purchase orders with suppliers to replenish stock.
Verifying receipts and confirming purchase contents and orders are complete.
Coordinating with the purchasing group to determine when products are missing from deliveries and contacting vendors regarding damaged products.
Ensuring timely deliveries and replenishment.
Coordination and Communication:
Collaborating with sales logistics and production departments to streamline the inventory management process.
Communicating with suppliers and warehouse staff.
Maintaining accurate records of inventory and stock management systems.
Other Duties:
Overseeing stock storage processes including tagging boxing and labeling.
Ensuring the store area is clean organized and visually appealing.
Following company policies and procedures regarding safety and security measures.