Inventory Planner

As an Inventory Planning Executive, you will be responsible for managing inventory levels,

forecasting demand, and ensuring optimal stock availability to support our sales and business

objectives.

Responsibilities:

• Monitor inventory levels and implement inventory management strategies to optimize inventory turnover, minimize stock outs, and reduce overstock/aging situations in all the retails stores.
• Conduct accurate demand forecasting by analyzing historical sales data, market trends, and customer behavior.
• Develop and implement inventory optimization strategies, including setting safety stock levels and implementing just-in-time practices.
• Coordinate with vendors to procure or replenish jewelry products based on demand forecasts.
• Manage purchase orders, delivery schedules, and vendor relationships to ensure timely replenishment of inventory.
• Analyze inventory data, sales reports, and key metrics to assess product performance and identify areas for improvement.
• Utilize inventory management software or ERP systems to track inventory, generate reports, and maintain accurate records.
• Assess and mitigate inventory-related risks, such as obsolescence, excess inventory, and supply chain disruptions.

Candidate Profile:

• Bachelor degree in Business Administration, Supply Chain Management, or a related field.
• 2-4 years of experience in inventory planning, demand forecasting, required experience from similar industry.
• Proficiency in using inventory management software or ERP systems, Microsoft Excel and other data analysis tools.
• Strong data analytics and problem-solving skills
• Excellent communication and collaboration skills
• Language required English, Kannada/Hindi
• Strong organizational and time management skills to prioritize tasks and meet deadlines.