Procurement & Inventory Forecaster
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Key skills for this role
About the Role
Forecast purchase requirements by analyzing sales data, stock movement, historical demand, and upcoming sales requirements. Prepare purchase orders based on shipment size, budge.
Key Skills for This Role
Responsibilities
- Forecast purchase requirements by analyzing sales data, stock movement, historical demand, and upcoming sales requirements
- Prepare purchase orders based on shipment size, budget, stock requirement, and container planning
- Ensure product availability and avoid out of stock situations through proper stock planning and reorder monitoring
- Regularly compare physical stock with system stock and coordinate with warehouse teams to resolve mismatches
- Maintain healthy stock turnover ratio by avoiding overstocking, dead stock, and slow moving inventory
- Coordinate daily with local and international vendors for pricing, availability, order status, production timelines, and dispatch schedules
- Verify supplier quotations, prices, quantities, product codes, and order confirmations before finalizing purchase orders
- Coordinate with clearing agents, freight forwarders, shipping lines, and logistics partners for import shipments
- Track shipment movement from supplier dispatch until warehouse receipt
- Follow up for shipping documents including invoice, packing list, BL/AWB, COO, and other required import documents
- Coordinate with accounts, warehouse, sales, and management for smooth purchase and import operations
- Prepare regular reports on stock availability, pending orders, incoming shipments, slow moving stock, and supplier performance
Requirements
- Experience in procurement and inventory forecasting
- Knowledge of import documentation and logistics
- Strong analytical and data analysis skills
- Ability to coordinate with multiple stakeholders
Full Job Posting
Key Responsibilities
- Forecast purchase requirements by analyzing sales data, stock movement, historical demand, and upcoming sales requirements.
- Prepare purchase orders based on shipment size, budget, stock requirement, and container planning, including LCL, 20HQ, 40HQ, and 40FT shipments.
- Ensure product availability at all times and avoid out of stock situations through proper stock planning and reorder monitoring.
- Regularly compare physical stock with system stock and coordinate with warehouse teams to resolve stock mismatches.
- Maintain a healthy stock turnover ratio by avoiding overstocking, dead stock, and slow moving inventory buildup.
- Coordinate daily with local and international vendors for pricing, availability, order status, production timelines, and dispatch schedules.
- Verify supplier quotations, prices, quantities, product codes, and order confirmations before finalizing purchase orders.
- Coordinate with clearing agents, freight forwarders, shipping lines, and logistics partners for import shipments.
- Track shipment movement from supplier dispatch until warehouse receipt.
- Follow up for shipping documents including invoice, packing list, BL/AWB, COO, and other required import documents.
- Coordinate with accounts, warehouse, sales, and management for smooth purchase and import operations.
- Prepare regular reports on stock availability, pending orders, incoming shipments, slow moving stock, and supplier performance.
Requirements
- Experience in procurement and inventory forecasting.
- Knowledge of import documentation and logistics.
- Strong analytical skills.
- Ability to coordinate with multiple stakeholders.
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