Cost and Inventory Manager
3 days ago
Key Responsibilities
Cost Management & Analysis
- Develop and implement cost control strategies to improve profitability.
- Analyze product costing, production expenses, and operational efficiencies.
- Conduct variance analysis to identify cost fluctuations and recommend corrective actions.
- Collaborate with procurement and operations teams to optimize costs without compromising quality.
- Ensure accurate standard costing and monitor deviations from actual costs.
Inventory Control & Management
- Oversee inventory management processes, ensuring optimal stock levels.
- Monitor inventory movement, reconcile discrepancies, and minimize wastage and losses.
- Conduct regular cycle counts and physical inventory audits.
- Develop inventory tracking systems and reporting tools to improve stock visibility.
- Ensure compliance with company policies and industry best practices in inventory control.
Financial & System Reporting
- Utilize Business Central or similar ERP systems to generate accurate cost and inventory reports.
- Leverage Excel (advanced user) to perform financial analysis, forecasting, and data-driven decision-making.
- Work closely with the finance and accounting teams to align inventory valuation with financial reporting.
- Prepare reports and present key findings to senior management.
Collaboration & Process Improvement
- Liaise with purchasing, warehouse, production, and finance teams to streamline workflows.
- Identify opportunities for process improvements in cost control and inventory efficiency.
- Implement automation and digital tools to enhance reporting accuracy and efficiency.
- Ensure compliance with internal and external audit requirements.
Non-Negotiable Qualifications
6+ years of experience in cost and inventory management, preferably in the Food & Beverage industry.
Advanced proficiency in Excel (complex formulas, pivot tables, macros, and data modeling).
Highly skilled in ERP systems, preferably Business Central or similar platforms.
Strong analytical, financial, and problem-solving skills.
Ability to work with cross-functional teams and manage multiple priorities.
Excellent attention to detail, accuracy, and data integrity.
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