Job
Description
Position: Inventory Manager, Multi-Store Experience: 6 to 8 years of experience as an inventory manager or equivalent in a multi-store grocery retail environment. Location: Davangere, Karnataka. Travel: The role requires travel across the stores for stock auditing. Note: Apply only if you are willing to relocate to Davangere. Job Overview: We are seeking a highly skilled and experienced inventory manager to oversee inventory across multiple store locations. He will be coordinating with store in-charges to ensure efficient inventory management across all stores. The ideal candidate should have extensive experience in handling multiple stores and possess strong leadership and organizational skills. Key Responsibilities: 1. Multi-Store Inventory Planning & Allocation Develop and implement strategies to optimize inventory management at multiple store locations. By analyzing the sales data, forecast demand and consumption trends for each store. Plan & allocate inventory to each outlet based on sales velocity, local demand and seasonal trends. Establish standard minimum and maximum inventory level guidelines for each store category. Coordinate efficiently with warehouse employees and other staff to ensure business goals are met. 2. Manage Multi-Store Indent (PO) Receiving all purchase orders (POs) from each store and ensuring proper records. Verifying the Purchase Order and Approving It. Plan the PO delivery to the respective store with the help of logistics. Ensure timely and efficient delivery of commodities as per purchase orders to each store by collaborating effectively with the logistics team. 3. Stock Movement Monitoring Monitor the daily stock movements of items (inward/outward) of all the stores. Review the inter-store transfers and ensure that all documentation is maintained accurately. Make sure that each store adheres to FIFO (First In, First Out) & FEFO (First Expiry, First Out) practices. 4. Inventory Health & Stock Optimization Identify overstocking, understocking, and dead stock situations at the store level. Suggest clearance promotions for slow-moving inventory in consultation with marketing and sales teams. 5. Stock Accuracy & Audits Schedule and monitor physical stock audits at each store on a weekly, monthly, and quarterly basis. Analyze variances between system stock and physical stock, take decisive corrective measures, and inform management of unresolved issues. Develop and implement Standard Operating Procedures (SOPs) for end-to-end inventory movement across all the stores. 6. POS & ERP System Monitoring Ensure that all inventory transactions at all the stores are accurately recorded in the POS/ERP. Train store-level inventory staff on correct system entries (GRNs, commodities issue slips, expiry, and transfer). Train store inventory staff on accurate system entries like GRN, expiry dates, and transfer. Periodically audit the POS system for any barcode mismatches and price inconsistencies. 7. Budgeting and Cost Control: Work closely with management to maintain inventory costs within budget. Identify areas to reduce waste and increase the efficiency of inventory usage. Implement systems to track and reduce product losses (theft, damage, or spoilage). 8. Data Analysis & Reporting Skills: Ability to analyze inventory data, track stock movements, and generate reports to provide visibility on inventory performance. Store-wise stock aging, stock turn ratio, shrinkage report, out-of-stock & overstock items. 9. Manager Multi-Store Inventory Health Condition while doing the Inventory Audit Ensure compliance with safety, hygiene, and organizational standards at all the stores. Conduct safety training and drills, ensuring compliance with local regulations at all the stores. Conduct periodic and surprise audits at all the stores. Key Requirements: Experience: 6 to 8 years of experience as an inventory manager or equivalent in a multi-store grocery retail. Education: Bachelor's degree in business, supply chain management, or any graduate degree. Required Skills/Desired Candidate Profile: Leadership Qualities: Strong leadership skills, with a focus on driving execution, meeting targets, and ensuring team accountability. Strategic Thinking: Strategic Highly organized, detail-oriented, and able to structure and prioritize tasks effectively to meet deadlines and goals. Technical Proficiency: Proficient in all Microsoft Office applications and POS/ERP. Communication Skills: Good communication and coordination skills with interdepartmental teams.
