Manager Inventory Planning

2 days ago

Mumbai, Maharashtra, India SG Oasis Full time ₹ 15,00,000 - ₹ 25,00,000 per year

Role & responsibilities

  • Define and maintain safety stock, reorder points, lead times, and inventory norms at the SKU-location level.
  • Ensure targeted fill rates are achieved while minimizing inventory holding days and working capital.
  • Monitor Stock on Hand (SOH) daily and take timely corrective actions to address variances.
  • Drive on-time Purchase Order (PO) creation and ensure seamless coordination across suppliers, warehouses, transportation, and other internal stakeholders.
  • Track, analyse, and act on slow-moving, non-moving, and near-expiry inventory to reduce losses.
  • Coordinate with warehouses for timely GRN processing, stock counts, and inventory adjustments.
  • Continuously assess inventory health and propose cost-effective planning models and replenishment strategies.
  • Liaise with New Product Development (NPD), transportation, warehouse, and order management teams for integrated planning and execution.
  • Contribute to system and process improvements for better inventory visibility, forecasting, and decision-makin

Skills and Competencies:

  • Strong analytical and forecasting skills
  • High attention to detail and accuracy
  • Excellent coordination and communication abilities
  • Ability to work under pressure and manage multiple priorities
  • Strong ownership mindset and process orientation
  • Problem-solving and decision-making capabilities
  • Understanding of inventory financial metrics and cost drivers

Key Performance Indicators (KPIs):

  • Fill Rate (%)
  • Inventory Holding Days (Average)
  • SKU-Level Planning Accuracy (%)
  • SOH vs Physical Count Accuracy (% variance)
  • Reduction in Non/Slow-Moving/Expired Stock (%)
  • GRN Timeliness (% within SLA)
  • Cycle Count Compliance Rate (%)
  • Inventory Loss Prevention (Value or Number of Cases)
  • Inventory Planning Cost Savings (Value or %)
  • Stakeholder Coordination Score (Internal Feedback)

Experience & Background:

  • Bachelors or master's degree in supply chain, Operations, Business, or related field.
  • 5–8 years of relevant experience in inventory planning, demand forecasting, or supply planning.
  • Experience in multi-location inventory management and working with cross-functional supply chain teams.
  • Proficient in ERP systems (SAP, Oracle, etc.), inventory planning tools, and MS Excel/Analytics tools.
  • Knowledge of supply chain best practices, planning models, and inventory optimization techniques.

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