Inventory Management Specialist

2 weeks ago


Mumbai, Maharashtra, India FASHION TV Full time
Inventory Management Specialist

Fashion TV is seeking a highly skilled Inventory Management Specialist to join our team. As an Inventory Management Specialist, you will play a crucial role in overseeing the development, management, and optimization of inventory for the organization.

Key Responsibilities:
  • Develop and implement inventory strategies that align with business goals and customer demand
  • Collaborate with cross-functional teams to forecast demand and manage inventory levels
  • Optimize inventory systems and processes to improve accuracy and efficiency
  • Analyze and interpret data to identify trends, issues, and opportunities for improvement
  • Lead product lifecycle management, including new product introductions and phase-outs
  • Monitor inventory performance metrics and develop reports for management review
  • Manage relationships with suppliers and negotiate favorable terms for inventory procurement
  • Implement best practices for inventory control, storage, and distribution
  • Lead and train a team of inventory specialists to ensure operational excellence
  • Resolve inventory issues and discrepancies in a timely and effective manner
  • Contribute to the development of inventory budgets and forecasts
  • Stay updated on industry trends and developments related to inventory management
  • Drive continuous improvement initiatives to enhance inventory processes and accuracy
  • Ensure compliance with regulatory requirements and internal policies
  • Support product development and selection based on inventory considerations

Requirements:

  • Bachelor's degree in Business Administration, Supply Chain Management, or relevant field
  • Proven experience in inventory management, ideally in a leadership role
  • Strong understanding of supply chain principles and practices
  • Proficiency in data analysis and inventory optimization techniques
  • Excellent problem-solving skills and ability to make data-driven decisions
  • Experience with inventory management software and ERP systems
  • Demonstrated ability to lead and develop a high-performing inventory team
  • Exceptional communication and negotiation abilities
  • Strategic mindset with a focus on achieving business objectives
  • Ability to thrive in a fast-paced and dynamic environment
  • Strong attention to detail and accuracy in inventory tracking and reporting
  • Knowledge of regulatory requirements and compliance in inventory management
  • Proven track record of driving process improvements and cost savings
  • Capability to adapt to changing market dynamics and customer preferences
  • Professional certifications in inventory or supply chain management are a plus

Skills: forecasting, customer, supply chain, ERP systems, management, supply chain management, leadership, regulatory requirements, process improvement, communication, product development, negotiation, strategic mindset, inventory optimization, inventory management, optimization, regulatory compliance, problem-solving, data analysis



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