Website:
akoirah.com
Job details:
Company: Akoirah(by Augmont) Diamonds Pvt Ltd
Job Title: Inventory Head
Department: Operations
Location: Lower Parel, Mumbai
Job Type: Full-Time
Work Mode: Work from Office
About the Role:
We are looking for a strategic and detail-oriented Inventory Head to lead and optimize inventory management across our expanding retail and omnichannel network. This role will be responsible for driving inventory efficiency, ensuring stock accuracy, and aligning supply with demand to support business growth and customer satisfaction.
Key Responsibilities:
1. Inventory Strategy & Planning
- Define and implement inventory policies across categories, store clusters, and ticket sizes
- Design assortment architecture (core, new launches, festive collections)
- Drive inventory turns, ageing control, and working capital efficiency.
2. Demand Forecasting & Replenishment
- Develop store-wise and category-wise demand forecasting models
- Manage replenishment cycles with defined min–max levels and safety stock
- Plan allocations for new store launches, promotions, and seasonal demand spikes
3. Purchase Planning & Vendor Coordination
- Convert forecasts into purchase plans (Open-to-Buy) aligned with margin strategy
- Coordinate with sourcing and manufacturing partners for timely deliveries
- Ensure SKU standardization including naming, barcoding, and certification mapping
4. Inventory Control, Accuracy & Audits
- Maintain high inventory accuracy across ERP, POS, and e-commerce systems
- Implement audit mechanisms including cycle counts and physical audits
- Drive shrinkage control through root-cause analysis and corrective actions
5. Inter-Store Transfers & Reverse Logistics
- Optimize inter-store transfers to balance stock and reduce dead inventory
- Manage returns (customer, franchise, repairs) with proper QC and documentation
- Ensure accurate and transparent inventory movement records
6. QC & Certification Alignment
- Ensure all inventory meets quality and certification standards before sale
- Manage tagging, barcoding, and packaging integrity
- Track and resolve non-saleable inventory exceptions
7. Franchise (FOFO) Inventory Governance
- Define and enforce inventory SOPs for franchise operations
- Monitor franchise inventory through dashboards and reporting
- Train and ensure compliance across franchise partners
8. Omnichannel Inventory Enablement
- Enable real-time stock visibility across channels
- Define allocation, reservation, and order fulfilment policies
- Support models like ship-from-store and click & collect
9. Team Leadership & Process Excellence
- Lead and mentor a centralized inventory team
- Establish SOPs, RACI frameworks, and performance KPIs
- Drive continuous improvement through data-driven decision-making
Requirements:
- Proven experience in inventory management, supply chain, or retail operations
- Strong analytical and forecasting capabilities
- Experience working with ERP/POS systems and inventory tools
- Strong understanding of retail, omnichannel, and franchise models (FOFO)
- Excellent leadership, problem-solving, and stakeholder management skills
Click on Apply to know more.