Inventory cum Purchase Assistant

Key ResponsibilitiesA. Inventory Management

• Stock Control & Optimization:
• Monitor and maintain optimal inventory levels to prevent stockouts and overstocking.
• Implement inventory control measures to minimize shrinkage, obsolescence, and damage.
• Conduct regular stock audits (cycle counts, annual physical inventory) and ensure accuracy in records.
• Demand Forecasting & Planning:
• Collaborate with sales, marketing, and production teams to forecast demand.
• Use historical data and trends to plan inventory requirements.
• Warehouse & Storage Management:
• Ensure efficient warehouse layout and storage practices.
• Coordinate with warehouse staff to ensure proper handling, storage, and dispatch of goods.
• Reporting & Analysis:
• Generate regular reports on inventory status, turnover ratios, aging stock, and fill rates.
• Analyze data to identify issues and recommend improvements.

B. Procurement & Purchasing

• Sourcing & Vendor Management:
• Identify, evaluate, and onboard reliable suppliers/vendors.
• Negotiate terms, pricing, and contracts to achieve cost savings and quality assurance.
• Maintain strong relationships with key suppliers and conduct vendor performance reviews.
• Purchase Order Management:
• Prepare and issue purchase orders in alignment with inventory needs and budget.
• Track orders from placement to delivery, ensuring timely fulfillment.
• Cost Control & Budgeting:
• Assist in developing the procurement budget.
• Seek cost-saving opportunities without compromising quality.
• Compliance & Documentation:
• Ensure all purchases comply with company policies and legal regulations.
• Maintain accurate procurement records and documentation.

Job Types: Full-time, Permanent

Pay: ₹20,000.00 - ₹35,000.00 per month

Benefits:

• Health insurance
• Provident Fund

Work Location: In person