Executive - Costing (MIS)

Role & responsibilities:

1. Inventory Management

• Monitor and control inventory levels of raw materials (flour, sugar, oil, etc.), packaging materials, and finished goods.
• Ensure optimal stock levels to support production without excess or shortage.
• Track batch-wise and expiry-wise inventory (critical for FMCG products like biscuits).

2. Stock Control & Accuracy

• Conduct regular physical stock verification and cycle counts.
• Reconcile physical vs system stock and investigate discrepancies.
• Ensure proper documentation and control for stock adjustments and variances.

3. SAP/ERP Operations

• Maintain accurate inventory records in SAP/ERP system (GRN, issue, transfers, stock postings).
• Monitor real-time inventory data and ensure system accuracy.
• Support month-end closing activities related to inventory.

4. Material Movement & Coordination

• Coordinate with production, stores, procurement, and dispatch teams for smooth material flow.
• Ensure timely issue of materials to production as per production plan.
• Manage inter-plant or warehouse stock transfers efficiently.

5. FIFO / FEFO Compliance

• Ensure adherence to FIFO (First-In-First-Out) / FEFO (First-Expiry-First-Out) principles.
• Monitor expiry risks and slow-moving inventory, especially critical in food products.

6. Loss Control & Waste Management

• Track and report material consumption variances and wastage.
• Identify reasons for losses, damages, or pilferage and recommend corrective actions.

7. Reporting & Analysis

• Generate daily, weekly, and monthly inventory reports (stock position, aging, slow/non-moving stock).
• Provide analysis to management for decision-making and cost control.

8. Compliance & Audit

• Ensure compliance with internal controls, audit requirements, and food safety standards.
• Support internal and external audits related to inventory and stock processes.
• Product Cost knowledge must.

Skills Required:

Strong knowledge of inventory management in FMCG/manufacturing

• Experience with SAP / ERP systems
• Good understanding of FIFO/FEFO, stock reconciliation, and material control
• Strong analytical and problem-solving skills
• Proficiency in MS Excel (reports, data analysis)
• Attention to detail and accuracy

Experience:

• SAP operating is a must,
• knowledge of FICO module preferable,
• Good communication skills,
• Advance excel knowledge is required, work experience of min 2 years