Ram Saroop
Head- Inventory & DC Commercial
Mumbai
Summary
Dedicated and results-driven Inventory & commercial finance professional with more-than 17 years of experience in analyzing Inventory data, developing strategic inventory management plans, and driving profitability. Proven track record of implementing result-oriented initiatives and optimizing inventory processes to support business growth. Strong leadership skills with the ability to collaborate cross-functionally to achieve organizational objectives.
Overview
19
19
years of professional experience
2
2
years of post-secondary education
Work History
Head- Inventory & DC Commercial
BESTSELLER INDIA
08.2024 - Current
- Lead a team of finance professionals for managing inventory operations across the channel
- Streamline inventory related processes and planning for smooth month end closing and reporting
- Analysis of company wise stock valuation report, inventory write-down report as per stock ageing
- Analyze stock ageing vs sale to provide insights and recommendations to senior management for strategic decision-making
- Inventory GL review and reconciliation on monthly basis
- Store, Franchisee and DC Audit planning and execution with minimum cost
- Recovery of shrinkage from stores and franchisee
- Shrinkage analysis and recovery details report to senior management
- Review cycle count report which runs in DC on daily basis
- Periodically SIS partner stock reconciliation
- Inventory SOP implementation at store and DC
- Monthly COGS analysis for fresh purchase and stock in books
- DC Commercial activity – All GST Compliance for Purchase & Sale
- GIT stock review on weekly basis for fresh purchase, forward, return and partner stock
- Handle stock movement at the time of new store opening and store closing
- NSM purchase and consumption review and report analyses for each quarterly
- Responsible for scarp of Damage & OSM stock as per set process
Commercial Support Manager
ADITYA BRILA RETAIL LIMITED (MORE MEGA STORE)
04.2010 - 07.2013
- Manage and maintain the company’s merchandise and stocked product inventory including stock profiles and stock locations
- Manage and control perpetual inventory stock counting / inventory accuracy checks
- Ensure incoming product is receipted and managed appropriately according to company procedure
- Provide routine management information on inventory performance
- Maintain accurate written procedures for all main inventory control processes and functions
- Be responsible for managing and running planned stock takes
- Check and adjust shop floor data collection data
- Produce daily reports to ensure key critical areas of the stock system are controlled and any discrepancies addressed and resolved
- Manage control measures to ensure mistakes, inaccuracies and discrepancies are highlighted, addressed, and resolved
- Monitoring for doing Department wise Inventory count as per scheduled by HO
- Flashing the report of Stock Count, Margin calculation, Shrinkage Calculation & Other
- Looking various kind of departmental Audit like, Stock Audit, Quality Audit etc..
- Inter Company/Format reconciliations
- Preparing and maintaining the MIS & reporting to the Head Office
- Vendor Negotiation (Non-Merchandise), Reconciliation & Management
- Preparing Vendor Agreement with the Help of Legal Team
- Liaising with the External & Internal Auditor of company for the smooth working of operations, providing them with all required information & Documents
Supervisor- Cash & Inventory Management
Spencer’s Retail Limited
09.2006 - 03.2010
- In-charge of daily operations of Inventory Store
- Ensure Store is well organized, clean, and properly merchandised
- Ensure that Inventory is always updated in Inventory management module of accounting system and all Store records are properly maintained
- Provide Inventory reports to management on a regular basis
- Manages the warehouse staff including maintaining proper staffing levels, planning, and coordinating work, training and motivating employees, evaluating performance
- Manpower schedule in coordination with other departments
- Implement systems to track performance both of individual employees and of the overall department with regards to accuracy, timeliness or other measures assigned by Management
- Ensure that all orders are 'picked' and staged accurately and in a timely manner to meet trucking schedules for deliveries to customers
- Ensure all equipment and areas are kept clean, free of obstructions, and organized at all times
- Ensure inventory accuracy and optimal utilization of warehouse spaces
- Supervises the assignment and the attachment of inventory reports
- Oversees the preparation of monthly, annual, and/or terminal inventory reports
- Generating Cash discrepancy report and rectify them
- Responsible for Bajaj finance & EMI scheme
- Handling training schedule for Cashier
- Handle institutional dept
- For bulk selling
- Maintaining records of all type of transaction i.e., Credit Notes, Bill Refunds, Advance, Cheque, Gift Vouchers, Bill Cancellation, Bill Reprint and Store Manager Discount
- Daily Reconciliation of cash and credit card collection
- Bank Reconciliation for receipts & payments
- Follow-up with the Bank and shop if any Discrepancy appears in cash and credit card transaction, discount and scheme & installation of Credit Card (EDC) Machine
- At the end of the month preparation of Sales Analysis Report (Sales, Discount, Returns, Collection & other scheme Etc.)
- At the end of the month, tender reconciliation of sale between System and Operation
- Preparation of MIS in subject to above
Education
PGDM - Finance Management
MITSDE
01.2024 - 01.2026
Commerce Graduate - undefined
Delhi University
Senior Secondary - undefined
CBSE
High School - undefined
CBSE
Skills
Friendly, positive attitude
Teamwork and collaboration
Computer skills
Customer service
Details
Dedicated and results-driven Inventory & commercial finance professional with more-than 17 years of experience in analyzing Inventory data, developing strategic inventory management plans, and driving profitability. Proven track record of implementing result-oriented initiatives and optimizing inventory processes to support business growth. Strong leadership skills with the ability to collaborate cross-functionally to achieve organizational objectives., English, Hindi
Professional Acumen And Competencies
- Financial Analysis: Ability to analyze financial statements, including P&L, and cash flow statements, to assess the financial health and performance of businesses.
- Business Acumen: Knowledge of business operations, industry dynamics, competitive landscapes, and economic factors that impact financial performance and decision-making.
- Communication Skills: Effective communication skills to present financial information, analysis.
- Problem-Solving Skills: Ability to identify financial challenges, analyze root causes, and develop creative solutions to address complex financial issues and optimize business performance.
- Negotiation Skills: Ability to negotiate financial terms, agreements, and contracts with clients, vendors, lenders, and other stakeholders to achieve favorable outcomes for the business.
- Time Management and Prioritization: Effective time management skills to prioritize tasks, meet deadlines, and balance multiple projects and responsibilities in a fast-paced commercial finance environment.
Awards
- Finance Profession of the Year Award, 2022-2024, Recognized for outstanding contributions to finance operations and demonstrated leadership in achieving financial goals. Selected from a pool of top finance professionals for exemplary performance and dedication to excellence.
- Unsung hero Of the Year Award, 2019, Recognized for outstanding contributions to payable - employees reimbursement and recovery of bank charges, demonstrating dedication and the ability to consistently go above and beyond expectations. Acknowledged for behind-the-scenes efforts that significantly contributed to team or organizational success.
Disclaimer
I hereby declare that above furnished details are correct to the best of my knowledge & belief., Mumbai, MM/DD/YY
Profile
Ram Saroop, HEAD- INVENTORY & DC COMMERCIAL
Timeline
Head- Inventory & DC Commercial
BESTSELLER INDIA
08.2024 - Current
PGDM - Finance Management
MITSDE
01.2024 - 01.2026
Commercial Support Manager
ADITYA BRILA RETAIL LIMITED (MORE MEGA STORE)
04.2010 - 07.2013
Supervisor- Cash & Inventory Management
Spencer’s Retail Limited
09.2006 - 03.2010
Commerce Graduate - undefined
Delhi University
Senior Secondary - undefined
CBSE
High School - undefined
CBSE
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