Inventory Management Specialist

3 days ago

Vizag, Andhra Pradesh, India beBeeInventory Full time ₹ 40,00,000 - ₹ 80,00,000

Inventory Management Professional

About the Role:

  • We are seeking an experienced Inventory Management Professional to join our team. As a key member of our operations team, you will be responsible for managing inventory levels, monitoring stock movement, and ensuring accurate valuation of inventory.
  • Your primary focus will be on maintaining high inventory turnover rates, minimizing stockouts and overstocking, and optimizing inventory levels to meet business demands.
  • You will work closely with cross-functional teams, including buying, operations, and merchandising, to ensure seamless inventory management processes and achieve business objectives.

Key Responsibilities:

  • Monitor and reconcile inventory across sales channels, including retail stores, marketplaces, and D2C website.
  • Oversee stock movement accounting (inward, outward, returns, damages, inter-store transfers).
  • Ensure accurate valuation of inventory, including landed costs, GST, freight, and other overheads.
  • Identify inventory discrepancies and coordinate with Operations & Merchandising to resolve issues.
  • Manage vendor payments, reconciliations, and ensure timely settlement of dues.
  • Reconcile sales data with payment gateways, POS systems, marketplace reports, and internal ERP.
  • Prepare channel-wise P&L statements, margin analysis, and profitability reports.
  • Ensure compliance with statutory requirements on inventory and vendor transactions.

Requirements:

  • Bachelor's/Master's degree in Accounting, Finance, or Commerce.
  • 2-3 years of experience in accounts (preferably semi qualified CA), with strong exposure to inventory control/reconciliation (retail/D2C/marketplace experience preferred).
  • Hands-on experience with accounting software and advanced Excel.
  • Good understanding of taxation and compliance (GST, TDS).
  • Strong analytical, problem-solving, and organizational skills.
  • Ability to coordinate across departments and work in a fast-paced environment.

Cross-Functional Coordination:

  • 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 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.

Benefits:

  • This role offers a challenging opportunity to grow professionally and contribute to a dynamic team.
  • You will have the chance to develop your skills and expertise in inventory management, working with a talented team of professionals.
  • A competitive compensation package, opportunities for growth and professional development, and a positive work environment make this a great career move.

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