- An inventory executive manages stock levels to ensure the right products are available without overstocking, which involves tracking inventory, managing its movement, and maintaining accurate records. Key duties include coordinating with suppliers and other departments, conducting audits, using inventory management software, and implementing strategies to improve efficiency and reduce costs.
- Core responsibilities
- Inventory control: Monitor and manage inventory levels for both raw materials and finished goods, ensuring they meet demand while minimizing holding costs.
- Record keeping: Maintain accurate and up-to-date records of all incoming and outgoing inventory movements.
- Coordination: Liaise with other departments like sales, purchasing, and logistics to align inventory strategies and ensure smooth operations.
- Supplier management: Work with suppliers to ensure timely deliveries, resolve issues, and negotiate favorable terms.
- Auditing and reporting: Perform regular physical counts (audits) to reconcile with system records, identify discrepancies, and generate reports on inventory performance.
- Process improvement: Continuously evaluate and improve inventory management processes to increase efficiency and reduce waste.
- Team leadership (in some roles): Recruit, train, and manage a team of warehouse or inventory staff.
- Essential skills and qualifications
- Technical skills: Proficiency with inventory management software, such as Enterprise Resource Planning (ERP) systems.
- Analytical skills: Ability to analyze data, track trends, and forecast future needs accurately.
- Communication skills: Strong ability to communicate effectively with internal teams and external suppliers.
- Organizational and time management skills: Ability to organize and prioritize tasks to meet deadlines.
- Problem-solving skills: Aptitude for identifying and resolving inventory-related issues.
- Leadership skills: Ability to lead and manage a team effectively, if applicable to the role.
- Tamil candidates only
Job Types: Full-time, Fresher
Work Location: In person