Inventory Executive

Key Responsibilities:

• Inventory Control: Monitor and maintain optimal inventory levels to ensure there are sufficient goods for production or retail without overstocking.
• Stock Tracking and Documentation: Maintain accurate records of inventory movements, ensuring proper documentation for incoming and outgoing goods, as well as stock adjustments.
• Stock Replenishment: Review inventory levels regularly and place orders with suppliers or internal departments to replenish stock as needed, based on demand forecasts.
• Receiving and Inspecting Goods: Ensure that all incoming goods are properly received, inspected for damage, and recorded accurately in the system.
• Inventory Audits: Perform regular physical counts of inventory and reconcile them with system records to ensure accuracy and identify any discrepancies.
• Reporting: Prepare and maintain inventory reports, including stock levels, turnover rates, and potential issues, for management review.
• Warehouse Organization: Ensure the proper storage and organization of inventory in the warehouse to minimize loss, damage, or inefficiency.
• Supplier Coordination: Work with suppliers to ensure timely delivery of goods and resolve any issues related to product quality, quantity, or delivery times.
• Order Fulfillment: Ensure that inventory is available for fulfilling sales orders or production requirements, coordinating with sales or production teams as necessary.
• Stock Rotation: Implement effective stock rotation methods (e.g., FIFO, LIFO) to prevent outdated or expired stock.
• Cost Control: Monitor and manage inventory costs, including storage, handling, and replenishment costs, to meet budgetary goals.
• Process Improvement: Continuously assess inventory processes to identify opportunities for improvement in efficiency, accuracy, and cost-effectiveness.
• Returns Management: Oversee the return and exchange process for damaged or unsold inventory, ensuring proper documentation and restocking if applicable.

Skills and Qualifications:

• Attention to Detail: Ability to track, organize, and ensure the accuracy of inventory data.
• Organizational Skills: Strong ability to manage and organize inventory items in a warehouse or storage facility.
• Analytical Skills: Ability to analyze inventory data and trends to make informed decisions on stock replenishment or removal.
• Problem-Solving Skills: Ability to address inventory discrepancies, stock shortages, or logistical challenges effectively.
• Communication Skills: Ability to coordinate and communicate with suppliers, sales teams, and other departments to ensure smooth operations.
• Time Management: Ability to prioritize and manage multiple tasks, especially during busy periods or with time-sensitive stock issues.
• Technical Proficiency: Familiarity with inventory management software, databases, and systems, such as ERP or WMS (Warehouse Management System).

Education:

• Diploma in logistics, supply chain management, business administration, or a related field may be preferred.

Job Type: Full-time

Pay: ₹15,000.00 - ₹15,100.00 per month

Work Location: In person