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Royaloak Incorporation
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Inventory Head

Inventory Head

Royaloak Incorporation

10 - 12 years

8 - 10 Lacs

bengaluru

Posted:1 month ago| Platform:

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Skills Required

inventory accuracy order fulfillment rate stock turnover ratio stockout & overstock incidence

Work Mode

Work from Office

Job Type

Full Time

Job Description

Inventory Head

Key Responsibilities

1. Strategic Planning & Leadership

Develop and implement inventory management strategies aligned with business goals.
Set inventory policies (e.g., safety stock levels, reorder points, lead times).
Lead and mentor the inventory management team to achieve operational excellence.
Collaborate with senior management to forecast demand and align inventory with business plans.

2. Inventory Control & Accuracy

Ensure real-time accuracy of stock data across warehouses and systems.
Monitor stock movements, cycle counts, and audits to minimize discrepancies.
Oversee implementation of best practices in storage, labeling, and tracking.
Investigate and resolve inventory variances or shrinkage.

3. Coordination & Communication

Liaise with procurement, logistics, production, and finance teams.
Communicate inventory status, issues, and recommendations to management.
Ensure smooth coordination between multiple warehouses or distribution centers.

4. Reporting & Analysis

Prepare periodic reports on inventory performance metrics and trends.
Identify cost-saving opportunities through inventory optimization.
Present insights to support data-driven decision-making.

Key Performance Indicators (KPIs)

Inventory accuracy

Stock turnover ratio

Order fulfillment rate

Carrying cost of inventory

Stockout & overstock incidence

Inventory aging and obsolescence levels

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