Inventory Supervisor

6 days ago

Punagam Surat Gujarat, India Discrete Circuits Pvt. Ltd Full time

Job Title: Inventory Supervisor

Department: Finance & Accounts

Location: Surat, Gujarat

Key Responsibilities: - Develop and implement inventory management policies, procedures, and best practices to optimize inventory accuracy, minimize stockouts, and reduce carrying costs. - Coordinate with purchasing, production, and shipping departments to forecast inventory requirements and maintain adequate stock levels of raw materials, components, and finished goods. - Conduct regular inventory audits and cycle counts to ensure inventory accuracy and reconcile discrepancies in a timely manner. - Utilize inventorymanagementsoftware systems(e.g., ERP, MRP)to track inventory levels, monitor stock movements, and generate reports on inventory status, usage, and trends. - Establish and maintain relationships with suppliers and vendors to negotiate pricing, lead times, and terms of supply agreements, and ensure timely delivery of materials. - Develop and implement inventory replenishmentstrategies, including reorder point calculations, safety stock levels, and economic order quantity (EOQ) analysis. - Monitor and analyze inventory turnover ratios, aging of inventory, and obsolete or excess stock, and implementstrategiesto minimize inventory carrying costs and optimize inventory turnover. - Collaborate with production planners to schedule production runs, prioritize work orders, and allocate materials based on production requirements and customer demand. - Develop and maintain documentation related to inventory management processes, including inventory records, receiving and shipping logs, and inventory valuation reports. - Identify opportunitiesfor process improvements and costsavingsin inventory management operations, and lead initiatives to implement efficiency enhancements and best practices.

**Job Types**: Full-time, Permanent

Pay: ₹11,438.95 - ₹34,665.52 per month

**Benefits**:

- Health insurance
- Leave encashment
- Paid sick time
- Paid time off
- Provident Fund

Work Location: In person

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