Cost Controller

Job Purpose

Responsible to co-ordinate, control and record the inventory and stock control processes, to ensure the correct governance over operational stock and operating costs, in line with Company policies and procedures and legislative requirements.

Key Performance Areas

• Key outputs
• Stock Audits
• Audit stock and inventory control in all revenue centers with emphasis on stock shortages; the accuracy of handover stock takes between shifts and adherence to stock rotation principles (such as FIFO)
• Monitor stock movements and create a system’s audit trail and accumulation of data for the production of daily reports and audit requisitions.
• Capture all interdepartmental transfers (from revenue center to another).
• Audit accurate recording of current stock levels, IFS vs physical stock on hand.
• Audit inventory record keeping making sure that it correlates 100% with source information.
• Do daily spot checks on stock items and investigate any discrepancies to system figures.
• Participate in all mandatory stock takes according to procedure and investigate variances with explanations to the operations controller (at 10, 20 and 30 days).
• Capture stock sheets and distribute variance reports to the department heads for resolution.
• Evaluate the count results in conjunction with the verification checklists.
• Identify and ...
• Compile the cost controller’s report detailing the inventory environment before, during and after all stock takes; as well as audit results and recommendations.
• Maintain schedules, and co-ordinate and keep records of all stock-takes.
• Communicate and monitor the implementation of stock control procedures and processes to be followed by operations; including the safeguarding of stock against damage and loss.