Urgent opening for Materials / Inventory Analyst (2-4 Yrs)

Role Summary: We are seeking a meticulous and detail-oriented Materials / Inventory Analyst with 2-4 years of experience, holding a Bachelor of Commerce (B.Com) degree. The role is crucial for ensuring the efficient management and tracking of banking operational materials and inventory at our Vishakhapatnam branch. You will be responsible for maintaining accurate inventory records, optimizing stock levels, and supporting procurement processes to minimize costs and prevent stockouts.

Key Responsibilities:
- Maintain accurate and up-to-date inventory records for all banking operational supplies, stationery, and equipment.
- Conduct regular physical inventory counts and reconcile discrepancies with system records.
- Analyze inventory data to identify trends, forecast demand, and recommend optimal stock levels.
- Monitor stock levels and trigger reorder processes based on established thresholds.
- Assist in the procurement process by identifying needs, preparing purchase requisitions, and coordinating with vendors.
- Evaluate vendor performance and ensure timely delivery of materials.
- Implement and adhere to inventory control policies and procedures.
- Generate regular inventory reports for management, highlighting key metrics and areas for improvement.
- Collaborate with various departments to understand their material requirements and ensure timely fulfillment.
- Identify opportunities for cost savings through efficient inventory management and waste reduction.