Inventory Management
Formulate and implement inventory management strategies targeted at ensuring availability of equipment, tools and materials for maintenance work
Type
Functional
Competency Area
Supply Chain Management
Levels
Maintain inventory levels of equipment, tools and other materials as well as ensuring accuracy of its availability
Align inventory levels in accordance with organisational stock control procedures and systems
Monitor movement of spare parts, equipment,
tools and materials for maintenance work according to stock plans
Maintain documentation of inventory levels
Record and report discrepancies of inventory levels
Check storage of spare parts, equipment, tools and materials to ensure its protection
Monitor stocktaking procedures, interpret inventory information, document missing or damaged equipment, tools and other materials
Manage the implementation of organisational stock control procedures and systems
Determine cost-effective and efficient methods for stock movement
Organise, monitor and evaluate staff training on stocktaking procedures
Facilitate the completion of stock records in accordance with organisational stock take control procedures
Verify that stock discrepancies are recorded in accordance with organisational policies and procedures
Inspect and take actions on obsolete, redundant and damaged stocks in accordance with organisational policies and procedures
Develop organisational policies and procedures for receipt, dispatch and secure storage
Formulate organisational policies and procedures for receipt, dispatch and secure storage of stocks
Initiate solutions and implementation of procedures to prevent future losses
Initiate an effective inventory system to rotate and replenish inventory levels against organisational requirements to ensure availability of spare parts, equipment, tools and materials for maintenance work
Formulate inventory management policies with key performance indicators (KPIs)