About Mookuthi Jewellery LLP
Mookuthi is a contemporary jewellery brand focused on creating distinctive jewellery experiences through thoughtful design, craftsmanship, and customer engagement. We are looking for an experienced Inventory Management Lead to oversee inventory planning, stock control, movement, reconciliation, and operational efficiency across our business.
Role Overview
The Inventory Management Lead will be responsible for managing end-to-end inventory operations, ensuring optimal stock availability, accurate inventory records, effective stock movement, and minimal inventory discrepancies. The role requires close coordination with Production, Sales, Retail, Logistics, Accounts, and Management teams.
Key Responsibilities
1. Inventory Planning & Control
- Develop and implement effective inventory management strategies.
- Monitor stock levels and maintain optimum inventory across categories.
- Establish minimum and maximum stock levels and reorder points.
- Identify slow-moving, non-moving, and dead stock and recommend corrective actions.
- Ensure proper inventory allocation based on business requirements.
2. Stock Management & Reconciliation
- Maintain accurate inventory records across all locations and systems.
- Conduct regular physical stock audits and reconcile them with system records.
- Monitor stock inward, outward, transfers, returns, and adjustments.
- Investigate inventory discrepancies, losses, and variances.
- Ensure proper documentation and traceability of every stock movement.
3. Production & Procurement Coordination
- Coordinate with the Production team for stock planning and production requirements.
- Monitor raw materials, work-in-progress (WIP), and finished goods inventory.
- Track production timelines and ensure timely stock availability.
- Coordinate with procurement teams to maintain adequate material availability.
- Monitor inventory consumption, wastage, and production costs.
4. Retail & Operations Coordination
- Ensure timely stock allocation and replenishment for retail operations.
- Coordinate inventory movement between the office, showroom, warehouse, and events.
- Maintain accurate records of stock issued for exhibitions, roadshows, and TMS events.
- Ensure proper stock handover, returns, and reconciliation after every event.
- Support Sales and Retail teams with inventory availability and reporting.
5. Process & System Management
- Establish standard operating procedures (SOPs) for inventory management.
- Ensure accurate and timely updates in ERP / Inventory Management Systems.
- Improve inventory tracking, reporting, and control mechanisms.
- Implement processes to minimize stock discrepancies and operational inefficiencies.
6. MIS & Reporting
- Prepare daily, weekly, and monthly inventory reports.
- Track inventory ageing, stock turnover, and inventory accuracy.
- Report slow-moving and non-moving inventory.
- Prepare stock valuation and reconciliation reports in coordination with Accounts.
- Present inventory performance, risks, and improvement plans to Management.
Key Performance Indicators (KPIs)
- Inventory Accuracy and Reconciliation.
- Stock Variance and Discrepancy Reduction.
- Inventory Turnover Ratio.
- Slow-Moving and Non-Moving Inventory Reduction.
- Stock Availability and Replenishment Efficiency.
- Production Planning and Stock Adherence.
- Timely Inventory Reporting.
- Event / Roadshow Stock Reconciliation.
- Inventory Wastage and Cost Control.
Required Qualifications & Experience
- Bachelor's degree in Supply Chain Management, Logistics, Business Administration, Commerce, or a related field.
- 5–8 years of experience in inventory management, preferably in jewellery, retail, manufacturing, or luxury goods.
- Strong knowledge of inventory planning, stock reconciliation, and warehouse operations.
- Experience handling raw materials, WIP, and finished goods.
- Proficiency in MS Excel and ERP / Inventory Management Systems.
- Experience in jewellery inventory management will be an added advantage.
Skills & Competencies
- Strong analytical and numerical skills.
- Excellent planning and organisational abilities.
- High attention to detail and accuracy.
- Strong ownership and accountability.
- Problem-solving and decision-making capabilities.
- Effective cross-functional coordination.
- Team management and leadership skills.
- Ability to work in a fast-paced business environment.
Ideal Candidate Profile
An organised, proactive, and detail-oriented professional who can take complete ownership of inventory operations. The candidate should have the ability to establish strong inventory controls, drive process improvements, coordinate across multiple departments, and ensure optimal inventory utilisation while supporting Mookuthi's business growth.
Pay: ₹35,000.00 - ₹55,000.00 per month
Benefits:
- Cell phone reimbursement
- Flexible schedule
- Paid time off
Work Location: In person
