Assistant Manager– Inventory and Replenishment management

1 month ago

Bengaluru, India Genpact Full time


With a startup spirit and 115,000 + curious and courageous minds, we have the expertise to go deep with the world’s biggest brands—and we have fun doing it We dream in digital, dare, and reinvent the ways companies work to make an impact far bigger than just our bottom line. We’re harnessing the power of technology and humanity to create meaningful transformation that moves us forward in our pursuit of a world that works better for people.

Now, we’re calling upon the thinkers and doers, those with a natural curiosity and a hunger to keep learning, keep growing. People who thrive on fearlessly experimenting, seizing opportunities, and pushing boundaries to turn our vision into reality. And as you help us create a better world, we will help you build your own intellectual firepower. 
 Welcome to the relentless pursuit of better.
Inviting applications for the role of Assistant Manager– Inventory and Replenishment management 
We are seeking a highly motivated and analytical Retail Inventory & Replenishment planner to join our growing team. As our Inventory and Replenishment Management Specialist, you will play a crucial role in ensuring optimal stock levels across our retail stores, minimizing stockouts and overstocks, and maximizing efficiency. You will be responsible for a variety of tasks, including:
Responsibilities:
Inventory Management:
• Maintain accurate inventory records: Implement and manage inventory control systems across all stores and distribution centers. Conduct regular cycle counts to ensure accuracy and identify discrepancies.
• Optimize stock levels: Analyze sales data, historical trends, and promotional plans to forecast future demand for each product. Develop and implement purchasing plans to achieve optimal inventory levels based on lead times and supplier constraints.
• Minimize shrinkage and loss prevention: Implement and monitor measures to prevent inventory shrinkage and loss through theft, damage, or waste. Investigate discrepancies and recommend corrective actions.
• Collaborate with other departments: Work closely with buyers, merchandisers, and logistics teams to ensure smooth inventory flow and align strategies with overall sales and marketing goals.
• Monitor supplier performance and identify opportunities for improvement.
Replenishment Management:
• Develop and implement replenishment strategies: Define reorder points, safety stock levels, and lead times for each product based on demand variability and supplier terms. Automate replenishment processes where possible.
• Monitor stock levels and trigger orders: Track inventory levels in real-time across stores and react proactively to prevent stockouts. Generate and manage purchase orders for timely product replenishment.
• Analyze replenishment performance: Evaluate the effectiveness of replenishment strategies and identify opportunities for improvement. Recommend adjustments to optimize efficiency and minimize delivery costs.
• Manage supplier relationships: Build and maintain strong relationships with suppliers to ensure timely deliveries, negotiate favorable terms, and resolve any inventory-related issues.

Qualifications we seek in you
Minimum Qualifications
• Bachelor's/ master’s degree in supply chain management, Business Administration, or a related field (preferred).
• Relevant & Proven experience in USA / North America retail inventory or replenishment management.
• Excellent communication, interpersonal, and organizational skills.

Preferred Qualifications/ Skills
• Strong analytical and problem-solving skills with a data-driven approach.
• Proficient in various Microsoft suite & analytical tools (MS Excel, MS Power Platform, Python etc)
• Proficient in various inventory management tools. (Manhattan, Blue-yonder would be an added advantage)
• Ability to lead a team and work independently as well.
• Strong attention to detail and accuracy.

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