Job Description
The job holder will be main accountable & responsible for end to end stock management in territory.
Job holder will ensure the availability of Merchandise as per Sales trends, Seasonality, Promotions, Events, Sale through & Self Space.
The job holder is also responsible for Inventory health at the country thru regular cycle counts and stock take with robust follow up with RIC ensuring corrective actions & subsequent documentation to prevent shrinkage. Also Responsible for reduction of aging.
Responsible for optimum utilization of stocks with mark downs within budget norms to maximize profit.
Replenishment & Availability:
- Responsible for ensuring optimum utilization of inventory ensuring stores are provided right stocks as per sell thru.
- Responsible for stock turns through optimum inventory management in terms of Stock cover.
- Responsible for stock cannibalization within territory & stores.
- Responsible for ensuring Productivity through monitoring & driving sale through.
- Responsible for forecasting stock requirement based on current, past sales trends.
- Responsible for following with SCM team for clearance to GRN for priority shipments.
- Responsible for promotion management, pricing, permit files, stock mix in floor.
- Minimize zero display and ensure Newness in floor, core items (K) lines are available 365 days.
Inventory Process & Hygiene:
- Responsible for regular Goods In Transit clearance of Inter Territory stocks.
- Accountable for timely clearance of Damages in floor and trouble code stocks in WH.
- Responsible for maintain error free inventory through control checks & following procedures to correct negative inventory, Perpetual counts, Stock takes & etc.
- Responsible for timely planning of stock take & PI with RIC's, ensuring stock accuracy.
- Regular to ensure timely corrections are done on negative stocks, action taken against action for shrinkage
- Responsible for review of slow moving SKUs and suggest liquidation offers & plans..
- Responsible for quality check of new arrival & providing feedback of the same.
- Responsible for close monitoring of aging stocks and actions for liquidation thru sale.
- Manage Loose component.
- GDMS pending delivery clearance, stock reservations in warehouse to ensure fake reservations are released for selling
Damages & Shrinkage Control:
- Responsible for loss prevent through restricting shrinkage & damages within the norms.
- Responsible for monitoring all IN & OUT process adherence at stores to reduce & control technical shrinkage.
- Responsible for guiding RIC, sales staff in terms of product management to ensure stock accuracy & reduce damages.
- Review & Monitor inventory through cycle counts.
- Responsible for ensuring timely damage segregation, repair & clearance.
Analysis & Other Tasks
- Make report and publish to relevant stake holders for correction actions like post event analysis, zero sellers, sold without display.
- Manage CCC team for escalated MOC cases and administrative management of team.
- Store NPS reporting and following up to ensure KPI are achieved.
- ECOM support, clearance of pending delivery, Click & Collect orders adherence of process and timelines.
Basic Qualification / Education / Vocational Training
- Bachelor Degree in any field (Supply Chain Preferred)
- Qualified & proficient in MS – Excel, Word & PPT
- Experience in Usage of Analytical tools
Minimum Experience
- 8-10 Years
Specific / Relevant Experience
- 4-5+ years of experience in Retail & at least 2 year of experience in Home & Furniture Retail.
Skills and Capabilities
- Knowledge of Retail industry and Retail processes
- Knowledge of Merchandising, Stock Management and Inventory processes
- Communication skills
- Interpersonal skills
- Proactiveness and flexibility
- Customer service orientation
- Result orientation
- Problem solving