Stock Audit officer

Job Description:

Position: Stock Audit Officer - Internal Evaluation
Industry: Logistics/Container Freight Station (CFS)
Experience Required: 3–5 years in stock auditing, inventory control, or internal evaluation roles.

Key Responsibilities:

Inventory Verification and Management:
• Conduct physical stock audits for warehouse inventory, yard materials, project cargo, reach stacker parts, trailer parts, and tires.
• Verify inventory records against physical counts to ensure accuracy and compliance.
• Implement and oversee perpetual inventory systems for continuous tracking.
• Identify discrepancies in stock levels, investigate root causes, and propose corrective actions.

Internal Controls and Compliance:
• Develop and enforce robust internal controls to prevent theft, loss, and misuse of inventory.
• Ensure adherence to company policies and regulatory standards in stock management.
• Monitor inventory movement, including inbound, outbound, and on-hand stock, across warehouses and yards.
• Evaluate current processes and recommend improvements to enhance efficiency and accuracy.

Stock Evaluation and Reporting:
• Tag and label all inventory accurately, ensuring proper documentation and traceability.
• Prepare detailed stock audit reports, including discrepancies, valuation, and actionable insights.
• Maintain records of high-value items and spare parts for operational and financial planning.
• Conduct periodic performance reviews of inventory management systems.

Project Cargo and Specialized Inventory:
• Oversee the stock management of specialized project cargo, ensuring proper handling and storage protocols.
• Manage spare parts for heavy machinery such as reach stackers and trailers, ensuring availability and timely procurement.
• Track wear-and-tear items like tires and recommend reordering schedules based on usage patterns.

Data Analytics and System Optimization:
• Utilize inventory management software for real-time tracking and analytics.
• Generate actionable insights through trend analysis, including slow-moving, fast-moving, and obsolete items.
• Collaborate with IT teams to ensure software systems are updated and aligned with business needs.

Skills and Competencies:
• Strong knowledge of stock auditing processes and internal controls.
• Proficiency in inventory management systems and reporting tools.
• Analytical mindset with attention to detail.
• Knowledge of warehouse and yard operations in logistics and CFS sectors.
• Ability to manage multiple tasks and work under tight deadlines.
• Effective communication and problem-solving skills.

Recommended Stock Evaluation Software:
1. SAP Inventory Management:
• Comprehensive inventory and warehouse management solutions.
• Ideal for large-scale logistics businesses.
2. Zoho Inventory:
• Suitable for mid-sized businesses with multi-location stock management.
• Offers real-time tracking and reporting features.
3. TallyPrime:
• Popular for inventory management integrated with financial accounting.
• Simplified for warehouse-based stock evaluations.
4. NetSuite (Oracle):
• Cloud-based inventory and supply chain management software.
• Advanced features for large logistics and yard operations.
5. Fishbowl Inventory:
• Great for tracking specialized inventory like spare parts and consumables.
6. Microsoft Dynamics 365:
• Comprehensive solution for supply chain, warehouse, and inventory managemen