Inventory Executive

About Vecmocon

Position Details

Role Purpose

Key Responsibilities

Inventory Management

• Maintain accurate records of raw materials, components, consumables, finished goods, and other inventory items.
• Monitor stock levels and ensure inventory availability as per production requirements.
• Maintain proper inward, outward, issue, return, and transfer records.
• Ensure all inventory transactions are updated accurately in ERP / inventory systems.
• Monitor minimum and maximum stock levels and highlight shortages or excess inventory.
• Support implementation of FIFO / FEFO wherever applicable.

Material Inward & Outward

• Verify incoming material against Purchase Orders, invoices, delivery challans, and other documents.
• Coordinate with Quality for material inspection and clearance.
• Ensure proper GRN creation and inventory updating.
• Manage material issuance to Production and other departments against approved requests.
• Track material returns, rejected materials, and supplier returns.
• Maintain proper documentation for all material movement.

Stock Reconciliation

• Conduct daily, weekly, and monthly stock reconciliation.
• Perform cycle counts and physical stock verification.
• Investigate inventory mismatches and identify root causes.
• Ensure system stock and physical stock remain aligned.
• Maintain records of stock adjustments with proper approvals.
• Support periodic and annual inventory audits.

Inventory Control

• Monitor slow-moving, non-moving, obsolete, and excess inventory.
• Highlight inventory risks and recommend corrective actions.
• Support reduction of inventory variance and material losses.
• Ensure proper storage and identification of materials.
• Maintain bin locations and inventory coding accurately.
• Ensure inventory is stored as per safety and quality requirements.

Production & Supply Coordination

• Coordinate with Production, Planning, Purchase, Quality, and Stores teams.
• Ensure timely material availability for production.
• Track critical components and shortages.
• Support production planning by providing inventory status updates.
• Coordinate with Purchase teams for replenishment requirements.

Documentation & MIS

• Prepare daily, weekly, and monthly inventory reports.
• Maintain stock statements and inventory trackers.
• Prepare reports for:
  • Stock levels
  • Material movement
  • Inventory variance
  • Slow-moving stock
  • Non-moving stock
  • Rejected material
  • Shortage status
• Ensure complete and accurate inventory documentation.
• Support management reviews with inventory-related data.

Required Skills

• Strong understanding of inventory and stores operations.
• Good knowledge of material inward, outward, GRN, issuance, returns, and stock transfer processes.
• Experience in physical stock verification and inventory reconciliation.
• Good knowledge of FIFO / FEFO and inventory control practices.
• Strong working knowledge of MS Excel.
• Comfortable with VLOOKUP/XLOOKUP, Pivot Tables, filters, and basic Excel formulas.
• Experience working on ERP or inventory-management systems.
• Good understanding of BOM-based material consumption will be preferred.
• Ability to identify and resolve inventory discrepancies.
• Good documentation and reporting skills.

Behavioural Competencies

• Strong attention to detail
• Ownership and accountability
• Good analytical and problem-solving skills
• Good communication and coordination skills
• Strong planning and organization ability
• Ability to work under timelines
• Teamwork and collaboration
• Process-oriented approach
• Discipline and accuracy
• Ability to manage multiple priorities
• Continuous improvement mindset

Qualifications & Experience

• Graduate / Diploma / B.E. / B.Tech in Supply Chain, Logistics, Engineering, Commerce, or a related field.
• 3–5 years of relevant experience in Inventory, Stores, Warehouse, or Material Management.
• Experience in Automotive, EV, Electronics, OEM, Tier-1, manufacturing, or similar industries will be preferred.
• Hands-on experience in ERP-based inventory management is required.
• Experience handling electronic and electrical components will be an added advantage.

Preferred Candidate Profile

• Strong hands-on experience in inventory control and stock reconciliation.
• Comfortable working in a manufacturing environment.
• Good experience with ERP systems and Excel-based reporting.
• Familiarity with production material planning and BOM-based inventory.
• Candidates from Automotive, EV, Electronics, or manufacturing backgrounds will be preferred.
• Should be comfortable working from the Noida office.