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Inventory & Cost Officer

2 months ago

Metro Manila, Philippines Mc Wilson Corporation Full time

The Inventory Cost Officer plays a critical role in managing and controlling inventory costs, ensuring accuracy in cost accounting records, and providing valuable insights to improve operational efficiency. The ideal candidate will possess strong analytical skills, a deep understanding of inventory costing methodologies, and a proactive approach to problem-solving.

 

  • Develop and implement inventory control policies and procedures to standardize inventory management processes across multiple business units or departments.
  • Establish key performance indicators (KPIs) and metrics to measure inventory accuracy, compliance, and efficiency.
  • Coordinate with business unit leaders and department heads to understand inventory management needs and requirements. 
  • Regularly analyze costs of raw materials, work-in-progress, and finished goods. Investigate cost variances to maintain accurate inventory valuation.
  • Analyze inventory data and trends to identify opportunities for process improvements and cost savings.
  • Conduct regular audits of inventory levels, locations, and transactions to ensure accuracy and compliance with policies and procedures.
  • Utilize ERP systems and inventory management software and systems to track inventory movements, monitor stock levels, and generate reports.
  • Provide training and support to business unit staff on inventory control policies, procedures, and best practices.
  • Collaborate with cross-functional teams, including procurement, logistics, and finance, to optimize inventory management processes and ensure alignment with organizational goals.