Inventory Executive

Job Title: Inventory ExecutiveJob Summary:

The Inventory Executive will manage and oversee all aspects of inventory control, including tracking stock levels, ensuring accuracy in the inventory system, and coordinating supply chain activities. The role requires strong organizational and analytical skills to maintain smooth operations and prevent stock discrepancies.

Key Responsibilities:

• Inventory Management:
• Maintain and update inventory records in the system.
• Monitor stock levels and ensure proper stock rotation.
• Track the movement of goods from suppliers and within the warehouse.
• Perform regular stock audits and reconciliations to identify discrepancies.
• Procurement and Stock Ordering:
• Coordinate with procurement teams to ensure timely orders of products.
• Analyze inventory needs based on sales trends and forecasts.
• Ensure that stock is ordered in the right quantities, ensuring minimal overstocking or stockouts.
• Reporting and Data Analysis:
• Prepare and analyze inventory reports for management review.
• Monitor key performance indicators (KPIs) such as stock turnover rate and order fulfillment.
• Identify trends and make recommendations for improving inventory processes.
• Quality Control:
• Ensure the quality of incoming stock, including inspection and handling of goods.
• Collaborate with quality control teams to identify any damaged or expired stock.
• Supplier and Vendor Coordination:
• Communicate with suppliers and vendors regarding order statuses and delivery schedules.
• Ensure all deliveries are completed on time and goods are received in good condition.
• Warehouse and Stock Organization:
• Supervise the proper arrangement of products in the warehouse.
• Ensure compliance with safety standards and inventory handling procedures.
• Inventory Audits:
• Conduct regular physical inventory counts and assist in year-end audits.
• Reconcile physical stock with system records and resolve discrepancies.
• Team Collaboration:
• Work closely with other departments like sales, procurement, and logistics.
• Provide support to other team members for inventory-related issues.

Skills & Qualifications:

• Proven experience as an Inventory Executive or in a similar role.
• Strong knowledge of inventory management systems and software (e.g., ERP systems).
• Excellent organizational and time-management skills.
• Strong analytical and problem-solving abilities.
• Attention to detail and accuracy in data management.
• Knowledge of supply chain processes and logistics.
• Proficient in Microsoft Office (Excel, Word).
• Good communication and interpersonal skills.

Educational Requirements:

• Bachelor’s degree in Business Administration, Supply Chain Management, Logistics, or related field.

Experience:

• 2-3 years of experience in inventory management or a similar field, preferably in a retail, wholesale, or manufacturing environment.

Additional Requirements:

• Ability to work in a fast-paced environment and adapt to changing priorities.
• Willingness to work flexible hours, especially during stock audits or peak seasons.

This job description may vary depending on the industry and specific organizational needs.

Job Types: Full-time, Permanent

Pay: ₹15,000.00 - ₹23,000.00 per month

Benefits:

• Health insurance
• Provident Fund

Work Location: In person