Senior Executive, Inventory

Locations --
Mumbai, India
Business Area/Department --
Finance
Contract Type --
Permanent

Main purpose of role:

Stock valuation on monthly basis

Ensure receipt of all Depot reports & suppliers statement on monthly basis & reconcile to our system balances

Ensure proper inventory provision for the Group

 

Key result areas:

Analysis of COGS

Stock Valuation

Stock provision

Stock Reconciliation

Analysis of stock movements

Ensure to receive suppliers statement for stock lying at suppliers site

 

KEY Accountabilities:

Analysis of COGS / all cost resulting out of inventory movement

Stock Valuation

Working for adequacy of provision of stocks

Provision for Slow moving products report – send this on a monthly basis to Commercial unit and SCM to have their feedback to validate the provisioning

Posting of stock write off / provision entries on monthly basis

Reconciliation of Depot Stock vis-a-vis SAP stock

Ensure all stock movements in depot are passed in SAP by supply chain

Comparisons of MAP

Follow-ups with supply chain for getting information pertaining to bulk / API stocks lying with manufacturers

Monthly meeting with SCM / Fulfilment to discuss reconciliation items and agree actions

Ensure all agreed actions are completed prior to next reconciliations

Highlight any exceptions to the Head of SCM & Finance Operations

Co-ordinate with SCM / Fulfilment for physical count of inventory and agree a timescale & periodic review

Co-ordinate with statutory auditors to arrange for physical counts during the year end

Analyse Inventory price variance accounts on a monthly basis and sort out any exceptions prior to month closing

Maintaining inter company stock transfer price in SAP

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