Manager – Inventory (Demand Planning)

Randstad India Private Limited

Not Disclosed
1 Opening(s)
Posted 24 days ago
Fresher Job
Application endsJun 14, 2025

Job Description

Key Responsibilities:

1. Inventory Planning & Optimization:

 Develop and implement inventory strategies to maintain optimal stock levels,

ensuring a balance between demand and supply.

 Monitor and analyse inventory levels, ensuring they align with business goals

and market demands.

 Conduct regular reviews of store categorization, SKU categorization (VED

process), and purchase norms.

 Ensure the average weekly inventory level is maintained below 25-30 days

without GIT/Open PO.

 Oversee the SKU fill rate and ensure timely replenishment to meet sales

forecasts.

2. Demand Forecasting & Supply Planning:

 Collaborate with the business and marketing teams to develop accurate

demand forecasts.

 Review and approve the 3-month demand and supply plan, ensuring

alignment with business objectives.

 Publish the Offer Planning Calendar and ensure inventory is aligned with

promotional activities.

 Monitor and improve the Availability Index (AI) for Prime and Accessories,

ensuring it meets the target of >85% and >75% respectively.

3. Process Implementation & Improvement:

 Lead weekly inventory meetings, ensuring action points are tracked and

resolved promptly. Implement and monitor the D-Score improvement process for Prime and

Accessories, aiming for Gross >85% and AI >98%.

 Oversee the RTV (Return to Vendor) process, ensuring timely closure of

sellable and defective items.

 Conduct weekly aging inventory meetings to track and reduce slow-moving

and obsolete stock.

 Implement and monitor the CTO (Customer Take Out) sellout tracker, ensuring

sell out rates exceed 90%.

4. Reporting & Analytics:

 Publish daily and weekly inventory reports, including stock summaries, sellout

trends, and aging stock levels. Develop and maintain a comprehensive inventory dashboard to provide real-

time visibility into inventory metrics. Ensure the timely publication of EOL (End of Life) stock and sellout trackers,

with a focus on moving obsolete stock to high-performing stores.

 Provide regular updates on key performance indicators (KPIs) such as

inventory turnover, fill rates, and stock accuracy.

5. Team Leadership & Development:

 Lead and mentor a team of inventory planners and analysts, ensuring they are

equipped with the necessary skills and knowledge.

 Conduct quarterly knowledge-sharing sessions to enhance the team’s

understanding of inventory categorization, demand planning, and supply

chain processes.

 On-board and train new team members, ensuring a smooth transition and

quick integration into the team.

 Define and track KPIs for the planning team, ensuring continuous

improvement in performance.

6. Cross-Functional Collaboration:

 Work closely with the procurement, warehouse, and logistics teams to ensure

seamless inventory flow.

 Collaborate with the finance team to monitor inventory costs and ensure

compliance with budgetary constraints.

 Partner with the marketing and sales teams to align inventory planning with

promotional campaigns and sales targets.

experience14

Industries:Human Resources, Information Services, Staffing & Recruiting

Job Skills

Job Overview

Date Posted
April 30, 2025
Location
Coimbatore, Tamil Nadu
Offered Salary

Not disclosed

Expiration date
June 14, 2025
Experience
0 To 3 Years
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