Inventory Executive

Job Summary

We are looking for a detail-oriented Inventory Officer to support inventory planning, stock management, reconciliation, and day-to-day inventory operations. The role will ensure accurate stock records, effective monitoring of moving and non-moving inventory, timely resolution of material-related issues, and coordination with Stores and cross-functional teams to maintain optimal inventory levels.

Key Responsibilities

Inventory Management

· Monitor stock levels and ensure accurate classification of moving, slow-moving, and non-moving inventory.

· Ensure inventory records are updated accurately and regularly in the ERP/system.

· Monitor stock availability and identify potential shortages, excess inventory, and ageing materials.

· Conduct regular physical and system-based stock reconciliation to identify discrepancies.

Material Planning & Coordination

· Support domestic and international material planning based on business and operational requirements.

· Coordinate with Purchase, Sales, Stores, Production, R&D, and other teams for material availability.

· Monitor material inward and ensure proper recording, documentation, and system updates.

· Address inventory-related queries and coordinate with concerned departments for timely resolution.

Inventory Control & Monitoring

· Follow up with Stores and team members to ensure stock data is updated and accurate.

· Conduct regular checks of inventory records and ensure timely correction of discrepancies.

· Monitor material movement, consumption, transfers, and adjustments within the inventory system.

· Support implementation of inventory control measures to minimize losses, excess stock, and stock-outs.

Expired & Discarded Materials

· Monitor expired, obsolete, damaged, and discarded materials and maintain appropriate records.

· Coordinate with QA, Stores, and relevant departments for identification and disposal of such materials.

· Ensure disposal activities are carried out as per approved procedures and compliance requirements.

· Maintain complete documentation and traceability of discarded inventory.

Stores Coordination

· Support Stores operations and ensure proper maintenance of stock records and documentation.

· Coordinate with the Stores team for material receipt, storage, movement, and issue activities.

· Ensure materials are appropriately labelled, stored, and recorded as per defined procedures.

· Support periodic stock verification and physical inventory counts.

Reporting & Analysis

· Prepare and review daily, weekly, monthly, quarterly, and annual inventory reports.

· Analyse inventory ageing, stock movement, and non-moving inventory trends.

· Provide inventory data and insights to management for planning and decision-making.

· Highlight inventory risks, discrepancies, and improvement opportunities to relevant stakeholders.

Required Skills

· Inventory Management & Stock Control

· Material Planning & Forecasting

· Moving & Non-Moving Inventory Analysis

· Inventory Reconciliation

· Stores & Warehouse Coordination

· ERP/Inventory Management Systems

· Material Inward & Stock Documentation

· Inventory Ageing Analysis

· Expired & Obsolete Material Management

· Inventory Reporting & MIS

· Data Analysis & Problem Solving

· Cross-functional Coordination

· Attention to Detail

· Planning & Organizational Skills

· MS Excel

Qualification

· M.Sc. in Organic Chemistry, Chemistry, or a related scientific discipline.

· MBA/PGDM in Supply Chain, Inventory Management, Operations, or a related discipline will be an added advantage.

· Equivalent qualifications with relevant industry experience may also be considered.

Experience

· 3+ years of experience in inventory management, stores, material planning, or supply chain operations.

· Experience in pharmaceutical, chemical, manufacturing, or research-oriented organizations will be preferred.

· Experience handling chemical, pharmaceutical, laboratory, or technical materials will be an added advantage.

Compensation & Benefits

· Industry-aligned salary package with performance-linked growth opportunities.

· Performance-based incentives.

· Opportunities to work across inventory planning, material management, and stores operations.

· Exposure to cross-functional business operations and inventory optimization initiatives.

· Career growth opportunities within a rapidly expanding global pharmaceutical organization.

· Opportunity to contribute to efficient inventory management supporting customers across more than 90 countries.

Pay: From ₹18,000.00 per month

Benefits:

• Provident Fund

Work Location: In person