Inventory Manager

Job Description

The Inventory Manager is responsible for overseeing and managing the company’s inventory operations within the FMCG sector. This includes monitoring stock levels, ensuring accurate inventory records, minimizing stock-outs and overstock situations, and implementing efficient inventory control systems to support business objectives. Key Responsibilities: Inventory Planning & Control: Develop and implement inventory management strategies tailored to the FMCG environment. Monitor inventory levels and forecast demand to ensure adequate stock levels. Coordinate with procurement, sales, and production teams to align inventory with business needs. Warehouse & Stock Management: Oversee the receipt, storage, and dispatch of goods across multiple warehouses or distribution centers. Ensure optimal stock rotation (FIFO) and reduce inventory losses due to expiration, shrinkage, or damage. Conduct regular stock audits and cycle counts; reconcile discrepancies. Systems & Reporting: Utilize Software systems for real-time inventory tracking and reporting. Generate periodic inventory reports (e.g., stock aging, slow-moving items, order accuracy). Maintain accurate and up-to-date records of all inventory transactions. Team Leadership: Lead and train warehouse and inventory staff to maintain inventory accuracy and efficiency. Ensure compliance with health, safety, and regulatory standards. Cost Optimization: Identify opportunities to reduce inventory holding costs. Implement lean inventory practices without compromising service levels. Qualifications & Skills: Bachelor’s degree in Supply Chain Management, Store/Godown 5+ years of experience in inventory or warehouse management, preferably in the FMCG sector. Strong analytical and problem-solving skills. Excellent organizational and leadership abilities. Knowledge of demand forecasting and supply planning. Familiarity with compliance and regulatory requirements in FMCG. Key Performance Indicators (KPIs): Inventory turnover ratio Stock accuracy rate Order fulfillment rate Stock-out frequency Inventory carrying cost . Job Type: Full-time Pay: ₹30,000.00 - ₹50,000.00 per month Benefits: Paid time off Schedule: Day shift Supplemental Pay: Yearly bonus Work Location: In person