Head of Inventory Management

24 hours ago

Tiruppur, Tamil Nadu, India beBeeInventory Full time ₹ 9,00,000 - ₹ 12,00,000
Job Opportunity

This is a key leadership role within our organization responsible for overseeing inventory controls and reconciliation across multiple sales channels.

Key Responsibilities:

  • Monitor and reconcile inventory across retail stores, marketplaces, and direct-to-consumer website.
  • Oversee stock movement accounting, including inward, outward, returns, damages, and inter-store transfers.
  • Ensure accurate valuation of inventory, including landed costs, Goods and Services Tax (GST), freight, and other overheads.
  • Identify inventory discrepancies and coordinate with Operations & Merchandising to resolve issues.

Financial Management:

  • Manage vendor payments, reconciliations, and ensure timely settlement of dues.
  • Reconcile sales data with payment gateways, Point of Sale (POS) systems, marketplace reports, and internal Enterprise Resource Planning (ERP).
  • Prepare channel-wise Profit and Loss statements, margin analysis, and profitability reports.
  • Ensure compliance with statutory requirements on inventory and vendor transactions.

Cross-Functional Collaboration:

  • Work closely with the Buying team for procurement accounting and vendor reconciliations.
  • Partner with Operations to streamline inventory inward/outward processes and minimize leakages.
  • Collaborate with Retail and Merchandising teams to ensure accurate reporting of sales, returns, and stock levels.
  • Coordinate with auditors for periodic stock audits and statutory audits.

Reporting & Controls:

  • Prepare and publish regular Management Information System (MIS) reports on inventory positions, slow-moving stock, and shrinkage.
  • Support management with insights for decision-making on buying, replenishment, and stock allocation.
  • Implement stronger financial and operational controls around inventory movement and sales reconciliation.

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