Warehouse Inventory Planning Executive

As an Inventory Planning Executive, you will be responsible for managing inventory levels,

forecasting demand, and ensuring optimal stock availability to support our sales and business

objectives.

Responsibilities:

• Monitor inventory levels and implement inventory management strategies to optimize inventory turnover, minimize stockouts, and reduce overstock/aging situations in all the retails stores.
• Conduct accurate demand forecasting by analyzing historical sales data, market trends, and customer behavior.
• Develop and implement inventory optimization strategies, including setting safety stock levels and implementing just-in-time practices.
• Coordinate with vendors or suppliers to procure or replenish jewelry products based on demand forecasts.
• Manage purchase orders, delivery schedules, and vendor relationships to ensure timely replenishment of inventory.
• Analyze inventory data, sales reports, and key metrics to assess product performance and identify areas for improvement.
• Utilize inventory management software or ERP systems to track inventory, generate reports, and maintain accurate records.
• Assess and mitigate inventory-related risks, such as obsolescence, excess inventory, and supply chain disruptions.

Candidate Profile:

• Bachelor's degree in Business Administration, Supply Chain Management, or a related field.
• 1-3 years of experience in inventory planning, demand forecasting, or supply chain management. Jewelry industry is preferable.
• Proficiency in using inventory management software or ERP systems, Microsoft Excel and other data analysis tools.
• Strong data analytics and problem-solving skills
• Excellent communication and collaboration skills
• Strong organizational and time management skills to prioritize tasks and meet deadlines.