Inventory Manager

OffiNeeds; Bengaluru; On-site; INR 700,000 - 1,100,000; Full time

Benefits offered by this job

Group medical insurance

PF facility

Brand Store points

Job summary

OffiNeeds Bengaluru is seeking an Inventory Manager to oversee the corporate gifting division's stock, ensuring accurate levels and smooth cross-functional collaboration with procurement, sales and logistics.

You will lead inventory control, demand forecasting, audits, warehousing and data reporting, leveraging Excel and Zoho Inventory to enhance accuracy and efficiency across the supply chain.

Qualifications

• Bachelor’s degree in Business Administration, Supply Chain Management, or a related field.
• 4 to 5 years of experience in inventory management, preferably in the corporate gifting industry.
• Proficiency in Microsoft Excel, including advanced functions such as VLOOKUP, pivot tables, and macros.
• Experience with Zoho Inventory is highly advantageous.
• Strong analytical and problem-solving skills.
• Excellent organisational and time management abilities.
• Strong communication and interpersonal skills.
• Ability to work independently and as part of a team.
• Attention to detail and a high level of accuracy.

Responsibilities

• Monitor and maintain accurate inventory levels to meet customer orders.
• Collaborate with sales to forecast demand and plan inventory requirements.
• Coordinate with procurement for timely and cost-effective purchasing.
• Conduct regular physical inventory audits to verify stock accuracy.
• Oversee warehouse operations for efficient storage and retrieval.
• Generate and analyze inventory reports to identify trends and variances.
• Supervise and train inventory staff to ensure productivity and accuracy.

Job description

JOB PURPOSE/OVERVIEW/SUMMARY:

The Inventory Manager will oversee the accurate management, organization, and control of inventory for our corporate gifting division. This role ensures that our inventory levels are maintained optimally to meet customer demand without excess or shortage. The Inventory Manager will work closely with the procurement, sales, and logistics teams to streamline inventory operations and contribute to overall business efficiency.

KEY DELIVERABLES / RESPONSIBILITIES:

Inventory Control:

• Monitor and maintain accurate inventory levels, ensuring optimal stock availability to meet customer orders.
• Implement and manage inventory tracking systems to record deliveries, shipments, and stock levels.

Demand Forecasting:

• Collaborate with the sales team to forecast demand and plan inventory requirements.
• Analyse sales trends, market conditions, and seasonal variations to predict future inventory needs.

Procurement Coordination:

• Work with the procurement team to ensure timely and cost-effective purchasing of inventory.
• Maintain strong relationships with suppliers to ensure reliable delivery schedules and favorable terms.

Inventory Audits:

• Conduct regular physical inventory audits to verify stock accuracy and resolve discrepancies.
• Implement corrective actions to prevent recurring inventory issues.

Warehouse Management:

• Oversee warehouse operations to ensure efficient storage, organization, and retrieval of inventory.
• Implement best practices for warehouse safety and inventory handling.

Data Analysis and Reporting:

• Generate and analyze inventory reports to identify trends, variances, and areas for improvement.
• Provide regular updates to management on inventory status and performance metrics.

Team Leadership:

• Supervise and train inventory staff, ensuring high levels of productivity and accuracy.
• Foster a culture of continuous improvement and accountability within the inventory team.

Requirements

• Bachelor’s degree in Business Administration, Supply Chain Management, or a related field.
• 4 to 5 years of experience in inventory management, preferably in the corporate gifting industry.
• Proficiency in Microsoft Excel, including advanced functions such as VLOOKUP, pivot tables, and macros.
• Experience with Zoho Inventory is highly advantageous.
• Strong analytical and problem-solving skills.
• Excellent organisational and time management abilities.
• Strong communication and interpersonal skills.
• Ability to work independently and as part of a team.
• Attention to detail and a high level of accuracy.

Benefits

• Group Medical Insurance and PF facility will be provided
• Every month 500 points will be provided to redeem from our Official Brand Store by purchasing merchandise products