Inventory Head

Location: Lower Parel, Mumbai (Work from Office)

Employment Type: Full-Time

Role Overview

Key Responsibilities :

Inventory Planning and Demand Forecasting

• Build and maintain inventory plans aligned with sales targets, seasonality and business priorities.
• Forecast demand by store, channel and category, and review forecast accuracy regularly.
• Define stock levels, replenishment norms and inter-store transfer plans.

Purchase Planning and Vendor Coordination

• Prepare purchase plans based on demand forecasts and current stock position.
• Coordinate with vendors and suppliers on timelines, availability and delivery.
• Track open orders, lead times and vendor performance.

Stock Accuracy, Audits and Shrinkage Control

• Ensure accurate stock records across all locations.
• Plan and conduct periodic stock audits and cycle counts.
• Identify gaps and implement controls to reduce shrinkage and losses.

Franchise and Omnichannel Inventory Governance

• Set and enforce inventory policies and processes for franchise (FOFO) stores.
• Ensure consistent stock visibility and availability across retail, online and franchise channels.
• Monitor compliance and resolve discrepancies with franchise partners.

Team Leadership

• Lead, mentor and manage the centralized inventory team.
  Set clear targets, review performance and drive accountability.
• Report inventory metrics and insights to senior management.

• Requirements

  Experience in inventory management, supply chain or retail operations.
• Gems & Jewellery Industry experience is mandatory
• Strong analytical and forecasting skills.
• Hands-on experience with ERP and POS systems.
• Strong leadership and stakeholder management skills.