Manager– Inventory and Replenishment management
Genpact
5 - 10 years
Bengaluru
Posted: 4/15/2025
Job Description
Responsibilities
:Inventory Management:
Maintain accurate inventory records: Implement and manage inventory control systems across all stores and distribution centers. Conduct regular cycle counts to ensure accuracy and identify discrepancies.
Optimize stock levels: Analyze sales data, historical trends, and promotional plans to forecast future demand for each product. Develop and implement purchasing plans to achieve optimal inventory levels based on lead times and supplier constraints.
Minimize shrinkage and loss prevention: Implement and monitor measures to prevent inventory shrinkage and loss through theft, damage, or waste. Investigate discrepancies and recommend corrective actions.
Collaborate with other departments: Work closely with buyers, merchandisers, and logistics teams to ensure smooth inventory flow and align strategies with overall sales and marketing goals.
Monitor supplier performance and identify opportunities for improvement.
Replenishment Management:
Develop and implement replenishment strategies: Define reorder points, safety stock levels, and lead times for each product based on demand variability and supplier terms. Automate replenishment processes where possible.
Monitor stock levels and trigger orders: Track inventory levels in real-time across stores and react proactively to prevent stockouts. Generate and manage purchase orders for timely product replenishment.
Analyze replenishment performance: Evaluate the effectiveness of replenishment strategies and identify opportunities for improvement. Recommend adjustments to optimize efficiency and minimize delivery costs.
Manage supplier relationships: Build and maintain strong relationships with suppliers to ensure timely deliveries, negotiate favorable terms, and resolve any inventory-related issues.
About Company
Genpact is a global professional services firm that offers a wide range of digital transformation services and solutions. With a presence in over 30 countries, Genpact leverages its deep domain expertise in operations and analytics to help businesses transform their operations, improve efficiency, and enhance customer experience. The company combines digital technology, data science, and operational excellence to deliver business outcomes across various industries, including banking, insurance, manufacturing, and healthcare. Founded in 1997 as a subsidiary of GE, Genpact has grown into an independent, NYSE-listed company with a diverse workforce of over 90,000 employees globally.
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