Strategic Inventory Manager for Retail Industry
1 month ago
We are seeking a highly skilled Strategic Inventory Manager to join our team at CapTalent HR in Chennai.
**Estimated Salary:** ₹12,00,000 - ₹20,00,000 per annum (based on industry standards and location).
**Job Overview
Mission: To optimize product availability and inventory management processes to drive business performance.
Responsibilities:
- Sales Trend Analysis: Conduct regular analysis of sales trends to identify areas for improvement and optimize product assortment and availability.
- Inventory Performance Monitoring: Monitor inventory performance, identify bottlenecks, and implement necessary adjustments to ensure optimal inventory levels.
- Vendor Management: Coordinate with vendors and suppliers to maintain product flow and meet sales objectives effectively.
- Cross-Functional Collaboration: Collaborate with cross-functional teams to align merchandising strategies with sales and marketing initiatives.
- Reporting and Insights: Prepare accurate reports and insights for management to facilitate informed decision-making processes.
- Sales Forecasting and Budgeting: Participate in the development and execution of sales forecasts and budgeting activities.
- Compliance: Ensure all merchandising activities comply with company policies and regulatory requirements.
Requirements:
- Proficient in Inventory Management: Proficient in inventory management with a solid understanding of stock levels, turnover, and replenishment.
- Merchandising Experience: Extensive experience in merchandising, with the ability to analyze sales trends and implement strategic plans.
- Data Analysis Skills: Skilled in data analysis, able to interpret complex data sets and translate them into actionable business strategies.
- Forecasting Ability: Proven ability in forecasting to accurately predict sales, inventory needs, and reduce excess stock by using historical data.
- Retail Math Knowledge: Knowledgeable in retail math, including calculations of margins, markdowns, and profitability to support sales goals.
- Communication Skills: Exceptional communication skills, both verbal and written, for effective collaboration with teams and external partners.
- Attention to Detail: Attention to detail and strong organizational skills to manage multiple projects and meet deadlines consistently.
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