Elevate X

Inventory Control & Management: • Stock Monitoring : Monitor inventory levels daily, ensuring that stock levels are optimal to meet sales, and operational demands. • Inventory Accuracy : Maintain accurate inventory records, ensuring that physical stock matches the system data. • Stock Optimization : Implement strategies to optimize inventory levels, balancing demand with stock availability to avoid overstocking or stockouts. Inventory Audits & Stock Reconciliation: • Cycle Counts : Organize physical inventory audits to verify stock levels and ensure accuracy. • Stock Discrepancy Resolution : Investigate and resolve any discrepancies between physical stock and inventory records, identifying the root cause and implementing corrective actions. • Inventory Reporting : Prepare and maintain reports on inventory accuracy, stock levels, and discrepancies, providing actionable insights for management. Inventory Software & Systems Management: • Inventory Software Utilization : Use inventory management software (Odoo) to track stock levels, orders, and inventory movements. Ensure that systems are properly maintained and updated. • System Optimization : Continuously seek ways to optimize the inventory management software or systems, including integrating automation or barcode scanning to improve efficiency. • Data Integrity : Ensure data integrity in inventory systems, tracking all inventory movements, returns, and adjustments accurately. Inventory Planning & Forecasting: • Demand Forecasting : Work closely with sales and Management teams to forecast demand and plan inventory needs based on historical data and market trends. Supplier Management & Procurement Coordination: • Supplier Relationships : Maintain relationships with suppliers, ensuring timely deliveries and negotiating favorable terms for inventory purchases. • Procurement Coordination : Work closely with the management to place orders for replenishment based on inventory needs and forecasted demand. Warehouse Operations: • Storage Optimization : Collaborate with warehouse teams to ensure that inventory is stored efficiently and safely, minimizing the risk of damage or loss. • Inventory Space Management : Monitor available storage space and adjust inventory levels or storage strategies accordingly. Process Optimization: • Process Improvement : Continuously assess and improve inventory management processes, such as order fulfillment, receiving, and stock handling, to increase efficiency. • Technology Integration : Explore and implement new technologies, such as RFID to enhance inventory tracking and management. • Lean Inventory Practices : Adopt lean inventory practices to reduce waste, streamline operations, and improve overall efficiency. Logistics & Freight Management: • Freight Coordination : Work closely with freight forwarders, shipping companies, and logistics providers to arrange the transportation of furniture from international suppliers to the warehouse. Customs Compliance & Documentation: • Customs Regulations : Ensure full compliance with international trade laws, customs regulations, and tariff classifications for all imported furniture products. • Import Documentation : Manage all necessary documentation for imports, including bills of lading, commercial invoices, certificates of origin, packing lists, and other customs paperwork. • Duties & Tariff Management : Handle customs duties, tariffs, and taxes, ensuring proper classification and documentation to avoid penalties or delays. Performance Monitoring & Reporting: • Inventory Reports : Generate reports on inventory status, inventory turnover, stock aging, and inventory KPIs for management review and decision-making. • Audit Preparation : Prepare for internal and external audits by maintaining accurate records and documentation of inventory transactions and stock levels. • KPI Tracking : Track and report key performance indicators (KPIs) related to import operations, such as Inventory Management, delivery times, cost per unit, supplier performance, and customs clearance times. • Continuous Improvement : Analyze data to identify areas for improvement in the import process, implementing strategies to enhance efficiency and reduce costs. • Reporting to Management : Provide regular updates and reports to senior management on the status of Inventory, imports, supplier performance. Yrs of Experience required: >10 yrs Should be from Hyderabad or ready to relocate to Hyderabad