Job Description

KRA for Inventory Auditor for F&B Business, Mumbai - Andheri

1. Inventory Transaction Monitoring:

• Regularly review and monitor inventory transactions, including incoming and outgoing stock
  movements, adjustments, and transfers.
  
• Ensure that all inventory transactions are accurately recorded in the warehouse management
  system (WMS), ERP and Sales Handling Software which associated with Online ordering system
  2. Reconciliation of Sales and In-Hand Stock:
  
• Regularly reconcile sales data with the actual in-hand stock to identify any discrepancies.
  
• Investigate differences between recorded sales and physical stock on hand and take corrective actions as needed.
  3. Physical Inventory Checks:
  
• Plan and oversee daily, weekly, and monthly physical inventory checks.
  
• Coordinate with relevant teams to ensure accurate counting and reconciliation of physical
  inventory.
  
• Implement standardized procedures for physical counts to minimize errors and discrepancies.
  4. Discrepancy Investigation:
  
• Analyze and investigate discrepancies in inventory records, such as shrinkage, pilferage,
  shortages, and excess stock.
  
• Collaborate with relevant teams to identify root causes of discrepancies and develop strategies
  to prevent future occurrences.
  5. Shrinkage Analysis and Reporting:
  
• Analyze shrinkage data and trends to identify areas of concern and potential losses.
  
• Prepare reports outlining the reasons for shrinkage, pilferage, and other inventory
  discrepancies, along with recommendations for improvement.
  6. Documentation and Reporting:
  
• Maintain accurate records of all inventory audits, physical counts, and discrepancy
  investigations.
  
• Prepare detailed reports on audit findings, reconciliation results, and actions taken to address
  discrepancies against respective outlets.
  
• Provide timely and accurate reports to management to keep them informed about inventory
  accuracy and any operational challenges.
  7. Process Improvement:
• Continuously identify opportunities to improve inventory management processes and minimize
  discrepancies.
  
• Implement best practices for inventory tracking, control, and auditing to enhance accuracy and
  efficiency.
  8. Cross-Functional Collaboration:
  
• Collaborate with warehouse operations, outlet partner and finance teams to ensure accurate
  inventory records and streamline processes.
  
• Share insights and recommendations with reporting manager to enhance overall warehouse
  performance as well as outlet performance.
  

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