Inventory Controller

Sundry Markets Limited - Marketsquare is Nigeria’s emerging grocery retail chain - a place where Nigerians can go to find their trusted brands of groceries at the best prices. Marketsquare was conceived from a burning sensation to create a modern and relevant retail shopping experience for Nigerians and a more convenient way for people to get their everyday needs. We are recruiting to fill the position below:

Job Title: Inventory Controller Locations: Abuja, Warri & Asaba - Delta, Owerri - Imo, and Lagos

Job Summary

The Inventory Controller/Inventory Analyst is responsible for maintaining accurate inventory records and ensuring optimum stock availability across the store. The role oversees inventory control processes, conducts stock analysis, monitors inventory performance, identifies and investigates stock variances, and provides actionable insights that support effective replenishment, minimize inventory losses, improves stock turnover, and enhance overall operational efficiency. Essential Job Functions Maintain accurate inventory records within the ERP/POS system. Monitor all inventory transactions, including receipts, transfers, sales, returns, adjustments, write-offs, and stock conversions. Ensure all stock movements are properly authorized and documented. Verify stock transfers between stores, warehouses, and departments. Monitor inventory levels to ensure optimum stock availability while minimizing overstock. Ensure timely replenishment of merchandise based on approved stock levels. Maintain inventory integrity through strict adherence to stock control procedures. Analyze inventory performance and identify trends affecting stock availability and profitability. Monitor stock turnover and recommend strategies to improve inventory productivity. Identify fast-moving, slow-moving, dormant, obsolete, and excess inventory. Analyze inventory ageing and recommend markdowns, transfers, promotions, or liquidation where necessary. Monitor product availability to reduce stock-outs and lost sales. Support demand forecasting using sales history, seasonal trends, and promotional activities. Generate recommendations that optimize inventory investment and improve working capital utilization. Conduct daily reconciliation of physical inventory against system records. Investigate inventory discrepancies and implement corrective actions. Ensure timely resolution of stock variances. Review adjustment reports and validate inventory corrections before approval. Maintain complete documentation supporting inventory adjustments. Plan and coordinate daily cycle counts. Coordinate periodic departmental stock counts. Participate in monthly, quarterly, and annual physical inventory exercises. Monitor inventory shrinkage and identify root causes. Work closely with Internal Audit and Loss Prevention teams to strengthen inventory controls.