Inventory Manager

Job Summary

The Inventory Management Lead is responsible for managing end-to-end inventory operations to ensure optimal stock availability, accurate inventory records, effective stock movement, and minimal discrepancies. This role requires close coordination with Production, Sales, Retail, Logistics, Accounts, and Management teams to support business growth and operational efficiency.

Responsibilities

• Develop and implement effective inventory management strategies, including setting minimum and maximum stock levels and reorder points.
• Monitor stock levels across categories, identify slow-moving, non-moving, and dead stock, and recommend corrective actions.
• Maintain accurate inventory records across all locations and systems; conduct regular physical stock audits and reconcile with system data.
• Oversee stock inward, outward, transfers, returns, and adjustments, ensuring proper documentation and traceability.
• Coordinate with Production and Procurement teams to plan stock requirements, monitor raw materials, work-in-progress (WIP), finished goods, and production timelines.
• Support retail and operations by ensuring timely stock allocation and replenishment, managing inventory movement between office, showroom, warehouse, and events.
• Establish and maintain standard operating procedures (SOPs) for inventory management and ensure accurate updates in ERP/Inventory Management Systems.
• Prepare daily, weekly, and monthly inventory reports, including inventory ageing, stock turnover, slow-moving inventory, stock valuation, and reconciliation.
• Present inventory performance, risks, and improvement plans to Management.

Qualifications

• Bachelor's degree in Supply Chain Management, Logistics, Business Administration, Commerce, or a related field.
• 5–8 years of experience in inventory management, preferably in jewellery, retail, manufacturing, or luxury goods.
• Strong knowledge of inventory planning, stock reconciliation, and warehouse operations.
• Experience managing raw materials, work-in-progress (WIP), and finished goods inventory.
• Proficiency in MS Excel and ERP/Inventory Management Systems.
• Experience in jewellery inventory management is an added advantage.

Preferred Skills

• Strong analytical and numerical skills.
• Excellent planning and organisational abilities.
• High attention to detail and accuracy.
• Strong ownership and accountability.
• Problem-solving and decision-making capabilities.
• Effective cross-functional coordination.
• Team management and leadership skills.
• Ability to work in a fast-paced business environment.

Experience

• 5 to 8 years of relevant experience in inventory management within jewellery, retail, manufacturing, or luxury goods sectors.

Environment

• The role involves coordination across multiple departments including Production, Sales, Retail, Logistics, and Accounts.
• Work setting details such as location or remote/hybrid status are not specified.

Key Performance Indicators (KPIs)

• Inventory accuracy and reconciliation.
• Reduction in stock variance and discrepancies.
• Inventory turnover ratio.
• Reduction of slow-moving and non-moving inventory.
• Stock availability and replenishment efficiency.
• Adherence to production planning and stock schedules.
• Timely inventory reporting.
• Event and roadshow stock reconciliation.
• Inventory wastage and cost control.

Ideal Candidate Profile

An organised, proactive, and detail-oriented professional capable of taking full ownership of inventory operations. The candidate should excel in establishing strong inventory controls, driving process improvements, coordinating across multiple departments, and ensuring optimal inventory utilisation to support business growth.