Assistant Manager - Inventory
Posted Updated
Description
KEY RESPONSIBILITIES
- Stock Accuracy and Control
- Conduct daily cycle counts and monthly/quarterly full stock counts at the warehouse.
- Identify and resolve system vs. physical stock discrepancies; post approved ERP adjustments with appropriate reason codes.
- Track damaged inventory, plant mortality, and expiry; ensure timely movement of stock to bad inventory.
- Ensure accurate and timely GRC (Goods Receipt Confirmation) and verify short/excess receipts against purchase orders (POs).
- Stock Planning and Cover Days
- Track DRR (Daily Run Rate) and cover days by SKU on a daily basis.
- Categorise and flag SKUs by priority:
- P1: 15 days or less
- P2: 30 days or less
- P3: 46 days or less
- Excess stock: Above 46 days
- Plan stock transfers from Talegaon to branch warehouses based on demand and stock availability.
- Evaluate inter-warehouse transfer options before raising new purchase requirements.
- Share stock requirements with the Purchase team and Pune Production team for in-house products.
- Bundles, BOM and Corporate Orders
- Maintain the bundle master (BOM) and convert bundle sales into component-level stock requirements.
- Plan inventory for corporate gifting and seasonal/festival orders, including Diwali hampers and add-on products.
- Slow-Moving and Dead Stock
- Conduct monthly ABC and FMS (Fast-Moving, Medium-Moving, Slow-Moving) analysis.
- Plan liquidation, stock recalls from stores, and inventory rebalancing across branch warehouses and retail stores.
- Reports, SOPs and Team Management
- Prepare daily and monthly MIS reports covering stock summaries, cover days, ageing, stock value, and shrinkage.
- Develop and implement inventory SOPs for receiving, put-away, stock counting, transfers, and returns.
- Guide and train inventory executives at Talegaon and monitor their daily work.