MUHAMMAD ARIF

Work History

INVENTORY AND PURCHASE MANAGER

AL MUZAKI CONTRACTING COMPANY LLC

08.2020 - Current

Key Task Handled
Monitor and review all financial transactions and controls around valuation and existence of inventory in Al-Muzaki Contracting
This includes control and review of all accounting source documentation in the inventory process, ensuring issued inventory is in line with requested inventory and ensuring delivered inventory is in line with supplier documents
Set up, implement and monitor system of risk based periodic physical checks of inventory in Al-Muzaki Contracting Company
Review existing contracts with suppliers and vendors to ensure ongoing feasibility
Conduct cost analyses and set benchmarks for improvement
Develop risk management procedures to mitigate losses in the event of product shortages
Confirm that the inventory value being reported in daily, weekly, monthly and annual reports represents a true reflection of what is physically held by Al-Muzaki
Monitor inventory ageing and highlight potential problems through the appropriate financial models
Prepare and present damage reports for authorization according to the Authority Matrix.

INVENTORY CONTROLLER

CORYS BUILDING MATERIAL LLC

DUBAI , UAE

08.2015 - 07.2020

Corys Building Materials (Hepworth), part of the Green Coast Enterprises Group based in Dubai, UAE, manages three leading regional constructions and building materials businesses with manufacturing and trading companies in the UAE, Qatar, Oman, Bahrain and Saudi Arabia
Key Tasks Handled
Monitor and review all financial transactions and controls around the valuation and existence of inventory in CBM
This includes control and review of all accounting source documentation in the inventory process, ensuring issued inventory is in line with requested inventory and ensuring delivered inventory is in line with supplier documents
All this to ensure:
Inventory transactions are valid
This would involve ensuring for example :
No sub-ledgers are created or populated with data unless it represents valid, authorized inventory movement
All inventory adjustments are investigated and appropriately escalated before entry
All work orders are opened and closed in line with Production Operations
WIP should be as closely monitored as inventory ledgers
All appropriate inventory transactions have been recorded including write offs/backs, damaged inventory write down etc
All inventory transactions are appropriately authorized according to the Authority Matrix
Inventory receipts and shipments are recorded in the correct period
Inventory is correctly classified in the correct ledger accounts
Set up, implement and monitor a system of risk based periodic physical checks of inventory in CBM entities
The responsibility for supervising physical inventory should be separated from the Production Management and Inventory movement Management functions
Monitor inventory ageing and highlight potential problems through the appropriate financial models
Monitor Inventory provisions
Lead the process of Fixed Assets TAGGING and reconciliation
Monitoring and Analysing DIO for budgeting and forecasting
Completed physical inventory counts each month.
Completed daily cycle counts to maintain accuracy of records.
Completed stock inventories to identify and address issues negatively impacting controls.
Audited and corrected discrepancies in inventory numbers.
Recorded information, shortages, and discrepancies to keep records current and accurate.
Managed inventory control for high-volume warehouses with accurate, timely stock replenishment.
Budgeted and forecasted inventory needs incorporating sales trends and customer demand.

SR. INVENTORY & LOGISTICS CONTROLLER

SHARAF DG LLC, DG

DUBAI , UAE

07.2008 - 07.2015

Digital L.L.C., is the leading electronics power Retailer with more than 100,000 SKUs
It’s a pioneer retailer of Big Box Concept with 11 Big box store in Dubai, Abu Dhabi, Alain, Sharjah and 12 convenient stores – Sharaf DG 4u in Dubai, Sharjah, Alain, Abu Dhabi and Bahrain
It also has 2 niche class stores for Leisure electronics in Dubai with the name of DG Plus
Key Tasks Handled
Leading all the Inventory audits across all the 22 outlets in UAE
Managing the whole inventory of stocks for all the UAE stores
Formulation of SOPs and internal controls for ISO audit and certification
Checking compliance of SOPs and company policies of the Inventory Departments
Planning & development of monthly, quarterly, semi-annually and annually Inventory Audit statements and disclosures with inventory and receivable collection reports by applying International Accounting Standards and International Financial Reporting Standards
Scheduling of Perpetual Inventory Stock Count of all the Showrooms (Department Wise / Group Wise) on Monthly / Half Yearly / Annually
Verifying all Purchases of Inventory Stock and Returns on Weekly basis and submit to Management
Verifying and making the Schedule for Supplier Reconciliation of Consignment Stock and their Pending Payments
Verifying all entries related to Inventory (GRN, Sales and Returns) in the ERP System
Verifying the Ageing stock in the showroom and making a plane for liquidation or returns
Work in Liaison with IT department for all ERP related issue
Direct Reporting’s:
9 Inventory executive.

INTERNAL AUDITOR/ INVENTORY AUDITOR

M/S GLOBAL LINK COMMUNICATIONS L.L.C, AL GHURAIR GROUP

DUBAI , UAE

07.2005 - 06.2008

Global Link Communications is in retail electronics field having 20 showrooms in prime shopping malls in the brand name of Radio Shack, Telefonika and Alltronix in all over UAE, GLC is the sole distributor of Radio Shack USA
Key Tasks Handled
To check the Inventory Stock in all 20 Showrooms of Global Link Communications L.L.C
Including Two Warehouses (100 % Stock Check)
To Check and Reconcile the Inventory Related Documents of all transfer in and Transfer Out
To Verify the Petty Cash of the Showroom which were provided by the Head office
To Verify the System cash of all sales from generating the report from the System
To look after the staff working under me
Key member of the team during the implementing the ERP (Navision) in the Company
Preparation of daily sales report across all the Stores and consolidate
Preparation of Deduction Report of the Employees in the Showroom on Prorata Basis
Preparation of Annual Audit report of all the Showrooms along with all mishaps Detail
Direct Reporting’s:
6 inventory executives
10 Inventory Assistants

Summary

Overview

Work History

INVENTORY AND PURCHASE MANAGER

INVENTORY CONTROLLER

SR. INVENTORY & LOGISTICS CONTROLLER

INTERNAL AUDITOR/ INVENTORY AUDITOR

Education

B.Com Bachelor of Commerce - Accounting And Finance

Advanced diploma - Information Technology

Skills

Timeline

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