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Inventory Executive

1 month ago

Calicut Kerala, India Wagonmart Calicut Retail Full time

b Preferred Location From CalicutStore - Mankavu Mathottam Wagon MartJob Title Inventory Analyst As an Inventory Analyst you will play a crucial role in managing the inventory levels and ensuring optimal stock levels for our retail supermarket You will be responsible for analyzing data forecasting demand and developing strategies to improve inventory management processes Your objective will be to balance product availability with cost control minimizing stockouts and excess inventory Responsibilities Analyze sales data historical trends and market demand to forecast future demand for products Develop and maintain accurate inventory models and replenishment plans for each product category Monitor inventory levels sales and stock turnover ratios to identify potential issues and opportunities for improvement Collaborate with suppliers and vendors to manage the replenishment process ensuring timely deliveries and optimizing order quantities Conduct regular inventory audits and reconcile any discrepancies between physical and system records Identify slow-moving or obsolete inventory and recommend appropriate actions such as markdowns promotions or returns Coordinate with various departments such as purchasing logistics and sales to ensure effective communication and alignment of inventory management strategies Generate reports and provide insights to management regarding inventory performance trends and recommendations for improvement Utilize inventory management software and tools to streamline processes and enhance data accuracy Stay updated on industry trends new product introductions and market dynamics to inform inventory planning decisions Qualifications Bachelor s degree in Business Administration Supply Chain Management or a related field Proven experience as an Inventory Analyst or similar role in a retail or supermarket environment Strong analytical skills with the ability to interpret data and make informed decisions Proficiency in inventory management software and tools Excellent attention to detail and organizational abilities Effective communication and interpersonal skills to collaborate with internal and external stakeholders Ability to work in a fast-paced environment and manage multiple priorities Knowledge of retail operations supply chain management and forecasting techniques Familiarity with inventory optimization strategies and best practices Prefer Female CandidateJob Types Full-time PermanentPay From xe2 x82 xb912 000 00 per monthSchedule Day shiftExperience total work 1 year Preferred Work Location Mankavu MathottamJob Types Full-time Permanent FresherPay From xe2 x82 xb912 000 00 per monthBenefits Provident FundSchedule Day shiftExperience total work 1 year Preferred Work Location In personExpected Start Date 01 06 2024