Inventory Executive

Job Description - Inventory Executive

Title- Inventory Executive

Department-Supply Chain

Reporting To- SCM Manager

Location- Patna Hub

Employment Type-Full-Time

Job Summary

The Inventory Executive will be responsible for maintaining accurate inventory records, monitoring stock levels, coordinating with procurement and warehouse teams, and ensuring timely availability of materials. The role requires strong analytical skills, attention to detail, and proficiency in inventory management systems.

Key Responsibilities

Inventory Management

• Maintain accurate records of stock movement, receipts, issues, transfers, and returns.
• Monitor inventory levels and ensure optimum stock availability.
• Conduct regular stock audits and cycle counts.
• Investigate inventory discrepancies and implement corrective actions.
• Ensure proper documentation of inventory transactions.

Stock Control & Replenishment

• Track inventory consumption trends and forecast stock requirements.
• Coordinate with procurement teams for timely replenishment of stock.
• Monitor slow-moving, obsolete, and excess inventory.
• Generate stock reports and recommendations for management review.

Warehouse Coordination

• Coordinate with warehouse teams for proper storage and handling of materials.
• Ensure compliance with inventory control procedures and company policies.
• Support material inward and outward processes.
• Maintain FIFO/FEFO inventory practices where applicable.

Reporting & Documentation

• Prepare daily, weekly, and monthly inventory reports.
• Maintain inventory records in ERP/WMS systems.
• Generate reports related to stock ageing, consumption, variance, and reconciliation.
• Assist in internal and external audits.

Process Improvement

• Identify opportunities to improve inventory accuracy and operational efficiency.
• Support implementation of inventory management best practices.
• Participate in process optimization initiatives.

Required Qualifications

• Graduate in Commerce, Business Administration, Supply Chain Management, or related field.
• Diploma/Certification in Inventory Management or Supply Chain Management will be an added advantage.

Experience

• 1–4 years of experience in inventory management, warehouse operations, or supply chain functions.
• Experience working with ERP systems (SAP, Oracle, Tally, Zoho, etc.) preferred.

Skills & Competencies

• Strong knowledge of inventory control principles.
• Proficiency in MS Excel and inventory management software.
• Excellent analytical and problem-solving skills.
• Strong attention to detail and accuracy.
• Good communication and coordination skills.
• Ability to work under pressure and meet deadlines.

Key Performance Indicators (KPIs)

• Inventory Accuracy (%)
• Stock Reconciliation Accuracy
• Stock-Out Incidents
• Audit Compliance Score
• Timely Stock Replenishment
• Inventory Carrying Cost Control
• Material Availability Rate

Preferred Industry Experience

• Logistics
• E-commerce
• Manufacturing
• Retail
• Electric Vehicle (EV) Industry
• Battery Operations & Supply Chain