Based in our Head Office in Llangefni, Anglesey. Responsible for managing Inventory of the Huws Gray Group which consists of 250+ trading depots, 7 Distribution centres and several specialist centres with a combined Inventory holding in excess of £200m and turnover of £1.6b.
Responsibilities include:
- Multi-site Stock management. Liaising with the operational teams to ensure that we have the right breadth of stock in all our branches, overcoming challenges that comes with having locations that vary in size and capacity.
- Working closely with the Finance, Operational and Commercial teams to ensure that Inventory KPIs are met. I.e essential stock availability, Max stock levels in line with sales demand, Live Inventory vs Inventory targets, Aged stock.
- Established operational and administrative procedures, including procedures for the yearly financial stock count for the group and other inventory related procedures i.e Stock ordering. Working alongside the operational teams - Regional & area directors to ensure that all procedures are enforced and followed across our branch network.
- Analysed data to forecast future requirements and supplies needed.
- Identify opportunities to maximise profitability e.g identify high demand and fast selling products to purchase in bulk into our distribution centres, maximising our profitability by protecting buying gains centrally.
- Present to upper management/directors weekly as part of the 'Stock Working Group' which includes the CEO, Managing Directors and Finance director with updates on Inventory initiatives.
- Daily use of Excel and other internal reporting software to provide detailed reports for the group.
- In 2023, delivered on the business' need to reduce inventory by approx £40m due to a drop in the market, freeing up CapEx. Identified opportunities to reduce inventory by dealing with 'problem stock' such as overstocks, discontinued lines, aged stock, slow and non moving stock.
- Reacting quickly to trends within the market. Both inflation and deflation being a major challenge over the last 18-24 months, the need to be agile when needing to purchase stock prior to inflation and having to manage inventory more carefully when faced with deflation within some product categories.
- Leading on group wide inventory related projects, communicating with all relevant stakeholders at all times to ensure efficiency and full compliance.
- Reporting of progress and compliance on key projects, liaising with the operational teams to ensure smooth progress and report back to all relevant stakeholders.