Inventory Manager

We’re Hiring!

Position : Inventory Manager

Location: Lagos, Nigeria

Employment Type: Full-Time/ Onsite

JOB SUMMARY

The Inventory Manager is responsible for ensuring that PricePally always knows exactly what inventory it has, where it is, its condition, its availability, its value and the risks associated with it.

The role owns the company's inventory accuracy, stock control, reconciliation, availability, ageing, shrinkage investigation and inventory reporting, while working closely with Procurement, Warehouse, Finance, Quality Control, Fulfillment and Logistics.

KEY RESPONSIBILITIES

• . Inventory Control & Accuracy
• Maintain accurate system and physical inventory records across all SKUs
• Ensure every stock movement is properly recorded.
• Monitor system-to-physical inventory accuracy.
• Investigate inventory variances.
• Ensure approved stock adjustments are properly documented.
• Maintain inventory records in the ERP/WMS.
• Establish strong controls against unauthorized stock movements.
• Ensure inventory transactions are completed on a timely basis.
• . Receiving & Inventory Verification

The Inventory Manager will not own the physical unloading or warehouse receiving operation.

Instead, the role will:

• Verify quantities received against PO and GRN.
• Validate inventory records following receipt.
• Confirm that received quantities are correctly entered into the system.
• Investigate differences between PO, GRN, supplier invoice and physical quantity.
• Ensure rejected, damaged, short-delivered and excess quantities are correctly reflected in inventory.
• Work with Procurement, Finance, QC and Warehouse to resolve receiving discrepancies.

This distinction is important: the Warehouse Manager ensures goods are physically received and stored properly, while the Inventory Manager verifies and records the inventory position.

• . STOCK RECONCILIATION

The Inventory Manager will own the complete reconciliation process.

Responsibilities include:

• Daily reconciliation of critical/high-value SKUs.
• Weekly cycle-count reconciliation.
• Monthly full stock reconciliation.
• Investigate physical versus system variances.
• Identify root causes of discrepancies.
• Recommend approved inventory adjustments.
• Maintain an inventory variance register.
• Track unresolved variances to closure.
• Report recurring discrepancies to management.

Where the system indicates 100 units but only 92 units are physically available, the Inventory Manager owns the investigation, reconciliation and inventory adjustment process. The Warehouse Manager investigates the physical causes such as mis-picking, wrong put-away, damage, theft or misplaced stock.

• . CYCLE COUNTS & STOCKTAKES

The Inventory Manager will own:

Category

Frequency

A / Critical SKUs

Daily / 2–3 times weekly

B SKUs

Weekly

C SKUs

Monthly

High-value items

Frequent independent verification

Perishables

Based on risk/velocity

Full stocktake

Monthly / quarterly as required

• Cycle-count programme.
• Daily/weekly/monthly stock-count schedules.
• ABC inventory classification.
• Critical SKU counts.
• Random spot checks.
• Full physical stocktakes.
• Count variance analysis.
• Stocktake reconciliation.
• Adjustment approval workflow.
• Documentation and audit trail.
• Suggested counting frequency
• . INVENTORY AVAILABILITY

The Inventory Manager will provide accurate visibility of:

• Physical stock
• Available stock
• Reserved/committed stock
• Damaged stock
• Quarantined stock
• Expired stock
• Stock in transit
• Stock awaiting QC
• Stock on hold
• Stock available for fulfilment.

The role must ensure that the business does not confuse physical stock with available-to-sell stock.

• . INVENTORY AGEING & SLOW-MOVING STOCK

The Inventory Manager will:

• Produce inventory ageing reports.
• Identify slow-moving and non-moving SKUs.
• Identify products approaching expiry.
• Monitor excess inventory.
• Flag products at risk of spoilage.
• Work with Procurement and Commercial teams on inventory liquidation plans.
• Recommend replenishment adjustments based on ageing.
• Track inventory carrying risk.

For perishables, the role should provide early warnings before inventory becomes a waste or margin problem.

• . SHRINKAGE, LOSSES & INVENTORY DISCREPANCIES

The Inventory Manager will own the inventory investigation, while the Warehouse Manager owns corrective action relating to physical warehouse processes.

Investigate: Missing stock, Unauthorised stock issues, Wrong quantities, Mis-picks, Wrong put-away, Damaged stock, Expired stock, Unrecorded returns, Receiving discrepancies, System posting errors

Supplier shortages, Internal stock movements.

Maintain a Shrinkage & Variance Register showing:

Field

Requirement

SKU

Product identification

System Qty

Book quantity

Physical Qty

Counted quantity

Variance

Difference

Value

₦ impact

Root Cause

Reason

Responsible Process

Where failure occurred

Action

Corrective action

Owner

Responsible person

Status

Open/Closed

• . INVENTORY SYSTEM & ERP CONTROL

The Inventory Manager will be responsible for inventory data integrity in the ERP/WMS.

Responsibilities include:

• Maintaining accurate SKU master data.
• Ensuring inventory transactions are posted correctly.
• Monitoring stock movement records.
• Reviewing unusual inventory adjustments.
• Ensuring approved returns are properly recorded.
• Ensuring system balances reflect physical realities.
• Producing reliable inventory reports.
• Supporting ERP/WMS improvement projects.

The role is the custodian of inventory data integrity.

• . INVENTORY & PROCUREMENT COORDINATION

The Inventory Manager will work closely with Procurement to provide:

• Current stock position
• Stock availability
• Days On Hand
• Stockout risk
• Reorder requirements
• Slow-moving stock
• Excess stock
• Supplier-related shortages
• Inventory ageing
• Recommended replenishment priorities.
• 0. INVENTORY & FULFILMENT COORDINATION

The Inventory Manager will ensure that fulfillment teams receive accurate information about:

Available stock

• Short-stock items
• Out-of-stock items
• Substitution opportunities
• Reserved stock
• Damaged/unavailable stock
• Stock discrepancies affecting customer orders.

The role therefore protects the business from a situation where the system says an item is available but the FC cannot physically locate it.

• 1. WAREHOUSE MANAGER INTERFACE

To avoid duplication and conflict, accountability should be clearly separated:

Activity

Warehouse Manager

Inventory Manager

Physical receiving

Owns

Verifies records

Put-away

Owns

Monitors inventory location records

Storage layout

Owns

Advises based on stock characteristics

Picking

Owns

Investigates stock discrepancies

Packing

Owns

—

Dispatch

Owns

Reconciles inventory impact

Warehouse manpower

Owns

—

Cycle counts

Supports

Owns

Stock reconciliation

Supports investigation

Owns

Inventory adjustments

Provides evidence

Owns control

Inventory ageing

Supports

Owns

Stock availability

Operationally executes

Owns visibility

Shrinkage investigation

Physical cause

Inventory reconciliation

Inventory reporting

Operational inputs

Owns

This separation ensures that the same individual does not effectively handle, record and approve their own stock, strengthening internal control.

KEY REPORTS

The Inventory Manager should produce:

Daily; Critical SKU availability report, Stock variance report, Stockout report, Inventory exception report, Inventory movement report

Weekly; Inventory accuracy report, Cycle-count report, Inventory ageing, Slow-moving inventory, Shrinkage report, Stock availability report, Inventory risk report

Monthly; Full inventory reconciliation, Inventory valuation, Inventory ageing, Shrinkage analysis, Stock adjustment report, Inventory turnover, Days of inventory, Stock accuracy, Wastage analysis, Management inventory dashboard.

KEY PERFORMANCE INDICATORS

KPI

Proposed Target

Inventory accuracy

≥98%

Cycle-count accuracy

≥98%

Critical SKU availability

≥98%

Stock reconciliation completion

100%

Unresolved stock variances

<2%

Inventory adjustment compliance

100%

Inventory records posted on time

≥98%

Shrinkage

≤1–2%

Inventory ageing reporting

100% monthly

Critical stockout visibility

100%

Unauthorized stock adjustments

Zero

Inventory report accuracy

≥99%

QUALIFICATIONS

Minimum

Bachelor's degree in:Supply Chain Management,Logistics,Inventory Management,Business Administration,Accounting/Finance,Economics,Industrial Engineering or related field.

Advantageous

CIPS, CILT, APICS/ASCM, CSCP, CIPSMN, Inventory/warehouse management certification

EXPERIENCE

5–8 years' relevant experience, including at least 2–3 years managing inventory/control functions.

Experience in any of the following is highly desirable:

• FMCG
• Food/e-commerce
• Retail
• Fresh/perishable products
• Distribution
• Fulfilment centres
• High-SKU environments
• ERP/WMS environments.

The candidate must be able to demonstrate actual experience with stock reconciliation, cycle counting, inventory variance investigation and inventory reporting, rather than only warehouse supervision.

TECHNICAL SKILLS

The candidate should demonstrate strong competence in:

Inventory management, Stock reconciliation, ABC analysis, Cycle counting, FEFO/FIFO, Inventory ageing, Shrinkage analysis, ERP/WMS, Advanced Excel, Power BI/dashboarding, Inventory valuation, Data analysis, Root-cause analysis, Internal controls.

To apply, please send your CV using “Inventory Manager” as the subject of the email to; [email protected]

Applications close: October 16, 2026

Please share with someone who may be a strong fit.

How to apply: [email protected]