Executive - Costing (MIS)

Parle; Mumbai; On-site; INR 900,000 - 1,200,000; Full time

Job summary

Parle in Mumbai, Maharashtra seeks an Inventory Controller to manage critical FMCG stock, including raw materials, packaging, and finished goods. The role focuses on maintaining optimal stock levels, cycle counts, and accurate SAP/ERP records to support manufacturing operations.

The incumbent will ensure FIFO/FEFO compliance, monitor expiry risks, and drive variance analysis and cost control through daily to monthly reporting. Strong Excel skills and 2+ years of experience are expected.

Qualifications

• Must have strong knowledge of inventory management in FMCG/manufacturing.
• Must have experience with SAP / ERP systems.
• Good understanding of FIFO/FEFO, stock reconciliation, and material control.
• Strong analytical and problem-solving skills.
• Proficiency in MS Excel (reports, data analysis).
• Attention to detail and accuracy.

Responsibilities

• Monitor and control inventory levels of raw materials, packaging materials, and finished goods.
• Ensure optimal stock levels to support production without excess or shortage.
• Track batch-wise and expiry-wise inventory.
• Conduct regular physical stock verification and cycle counts.
• Reconcile physical vs system stock and investigate discrepancies.
• Maintain accurate inventory records in SAP/ERP and support month-end closing.
• Coordinate with production, stores, procurement, and dispatch for material flow.
• Ensure FIFO/FEFO principles and monitor expiry risks.
• Track material consumption variances and wastage; identify causes and corrective actions.
• Generate daily, weekly, and monthly inventory reports; provide analysis to management.

Skills

Inventory management

SAP/ERP

FIFO/FEFO

Data analysis

MS Excel

Attention to detail

Analytical thinking

Communication skills

Tools

SAP/ERP

Job description

Role & responsibilities:

1. Inventory Management

• Monitor and control inventory levels of raw materials (flour, sugar, oil, etc.), packaging materials, and finished goods.
• Ensure optimal stock levels to support production without excess or shortage.
• Track batch-wise and expiry-wise inventory (critical for FMCG products like biscuits).

2. Stock Control & Accuracy

• Conduct regular physical stock verification and cycle counts.
• Reconcile physical vs system stock and investigate discrepancies.
• Ensure proper documentation and control for stock adjustments and variances.

3. SAP/ERP Operations

• Maintain accurate inventory records in SAP/ERP system (GRN, issue, transfers, stock postings).
• Monitor real-time inventory data and ensure system accuracy.
• Support month-end closing activities related to inventory.

4. Material Movement & Coordination

• Coordinate with production, stores, procurement, and dispatch teams for smooth material flow.
• Ensure timely issue of materials to production as per production plan.
• Manage inter-plant or warehouse stock transfers efficiently.

5. FIFO / FEFO Compliance

• Ensure adherence to FIFO (First-In-First-Out) / FEFO (First-Expiry-First-Out) principles.
• Monitor expiry risks and slow-moving inventory, especially critical in food products.

6. Loss Control & Waste Management

• Track and report material consumption variances and wastage.
• Identify reasons for losses, damages, or pilferage and recommend corrective actions.

7. Reporting & Analysis

• Generate daily, weekly, and monthly inventory reports (stock position, aging, slow/non-moving stock).
• Provide analysis to management for decision-making and cost control.

8. Compliance & Audit

• Ensure compliance with internal controls, audit requirements, and food safety standards.
• Support internal and external audits related to inventory and stock processes.
• Product Cost knowledge must.

Skills Required:

• Strong knowledge of inventory management in FMCG/manufacturing
• Experience with SAP / ERP systems
• Good understanding of FIFO/FEFO, stock reconciliation, and material control
• Strong analytical and problem-solving skills
• Proficiency in MS Excel (reports, data analysis)
• Attention to detail and accuracy

Experience:

• SAP operating is a must,
• knowledge of FICO module preferable,
• Good communication skills,
• Advance excel knowledge is required, work experience of min 2 years