BigBasket - Inventory Manager

bigbasket


Date: 5 hours ago
City: Bengaluru, Karnataka
Contract type: Full time
Key Responsibilities

Inventory Monitoring & Control:

  • Oversee all incoming and outgoing stock across central and regional locations.
  • Maintain real-time tracking of stock levels, ensuring periodic stock audits for all business functions.
  • Ensure compliance with planograms, adjusting stock placement as per business requirements.
  • Conduct inventory audits, reconciliations, and MIS reporting for management review.
  • Monitor TO/TI reconciliations with strong control over Goods in Transit.
  • Ensure perpetual inventory tracking across all lines of business (LOBs).

Operational Efficiency & Risk Management

  • Identify and mitigate risks related to inventory discrepancies, mismanagement, and transaction errors.
  • Drive reduction in damages, expiries, pilferage, and shrinkage levels across all business units.
  • Implement fraud assessments and compliance audits to ensure adherence to inventory control measures.
  • Conduct weekly and monthly stock checks to maintain inventory accuracy.
  • Ensure overall control and accountability for DC & Store inventories.

Team Leadership & Process Optimization

  • Supervise and lead up to 100 staff members, conducting evaluations and training programs.
  • Interview and onboard new employees, ensuring skill development for inventory processes.
  • Conduct regular review meetings with regional inventory managers to audit and improve processes.
  • Mentor regional teams in receipting, restocking, documentation, and inventory management best practices.

Reporting & Data-Driven Decision Making

  • Maintain accurate stock movement records and delivery reports in the database.
  • Prepare and present daily, weekly, and monthly reports for management and external stakeholders.
  • Develop and deliver presentations and insights to improve inventory control strategies.
  • Ensure location-wise asset ownership, including reconciliation and periodic verification.

Stakeholder Coordination

  • Collaborate with SCM heads, Finance, and regional inventory teams to ensure seamless inventory processes.
  • Address inventory-related queries from finance, regional teams, and store managers regarding discrepancies.
  • Work with technology teams to improve system synchronization, tracking, and SKU classification.
  • Facilitate onboarding and training of new inventory managers to maintain process uniformity across regions

Key Skills & Requirements

  • Proven experience in inventory management, auditing, and supply chain operations.
  • Strong analytical skills with a focus on process optimization and risk mitigation.
  • Experience in managing large teams and mentoring regional inventory staff.
  • Ability to drive compliance, fraud prevention, and stock control initiatives.
  • Proficiency in inventory tracking systems, ERP software, and data analysis tools.
  • Strong understanding of goods in transit, TO/TI reconciliation, and warehouse operations.
  • Excellent communication, leadership, and problem-solving skills.

(ref:iimjobs.com)

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