Inventory Head - Textile/Fashion/Retail

We are looking for a Senior Inventory Head, experienced specially in Retail, who can handle our end to end inventory management. From overseeing the Inventory Levels, to receive and record new stock as its delivered or shipped out by analyzing different suppliers, understanding stock levels and requirements at store levels and replenishing the stock levels time to time.

Role & responsibilities

1. Working on MBQs for each store, understanding their merchandise requirements, customer feedbacks, and forming a purchase plan for all the stores

2. Coordinating with the purchase teams and following up on Purchase Orders to fulfill the requirements

3. Coordinating on internal stock transfers

4. Analyzing store wise vendor performance, category, sub-category wise performance and trying to shuffle the stock and optimize inventory sell through ratios

5. Understanding MRN vs Sales rations for all the store, working with the sales teams to improve on the sell through ratios, understanding feedback on merchandise and implementing the same in the future purchase planning

6. Ensuring SOPs of inventory management are strictly implemented

7. Conducting regular internal stock audits, ensuring that the system vs physical stock count is always matching

8. Handling store wise issues with respect to inventory and stock management

9. Shrinkages control at warehouse. Ensuring total SOP implementation at warehouse level

10. Ensure proper MRN is happening as per the process, and all stock inputs, stock transfers etc are recording and implemented as per the defined process

11. Work with logistics vendors to reduce the cost and delivery timelines. Ensure proper follow ups during PO to MRN process

12. Reduce cost of Inventory handling and management by implementing various cost effective methods

13. Work with external auditors for external and internal audits

14. Ensure overall control and efficiency in inventory management

15. Work with the software teams for regular data analysis and implementation of any changes and process in ERP

16. Work with MIS teams to analyze and generate regular reports to understand in detail the performances, stock analysis, aging, etc

Preferred candidate profile

• Proven experience as Inventory Head or similar position
• Excellent knowledge of data analysis and forecasting methods
• Working knowledge of inventory management software (e.g. ERP)
• Ability to accurately track inventory and create reports
• An analytical mind with strong math skills
• Excellent organizational and planning skills
• Outstanding communication and interpersonal abilities
• Reliable and trustworthy
• Masters in business administration. logistics or relevant field;