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Commercial Material officer

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Reliance Retail

1mo ago

  • Job
    Full-time
    Mid & Senior Level
  • Logistics

AI generated summary

  • You need operational effectiveness, finance management, analysis skills, results orientation, strong soft skills, grooming, coordination, teamwork, and effective communication.
  • You will manage stock replenishment, ensure compliance, resolve inventory issues, handle financial postings, oversee store operations, and maintain inventory and shrinkage control.

Requirements

  • 1. Functional Competencies
  • • Operational Effectiveness
  • • Finance Management
  • • Analysis and Problem Solving
  • • Results Orientation
  • 2. Behavioural Competencies
  • • Soft Skills
  • • Grooming
  • • Result orientation – follow-ups Skills
  • • Coordination Skills
  • • Teamwork
  • • Communication Skills - Verbal, Non Verbal, Language

Responsibilities

  • Ensure 100% stock replenishment for best sellers in Accessories and maintain compliance with zero billing errors.
  • Manage consumable postings twice a month and raise STOs as required.
  • Achieve SIT compliance with no delays over 5 days and keep MBLB under 0.50 Lacs for over 21 days.
  • Maintain zero defective stock for specified categories and keep Global PI Shrinkage at or below 0.1%.
  • Ensure 100% compliance with Auto PI and SLOC corrections.
  • Track and resolve negative inventory issues.
  • Post petty cash expenses monthly and ensure daily EDC batch settlements.
  • Close control accounts, paper finance cases, and billing pendencies within defined TATs.
  • Achieve 100% of AOP sales plan and maintain EMI business CC/DC EMI at 30%.
  • Manage store operations, demonstrating leadership and entrepreneurial orientation.
  • Ensure proper inventory management, shrinkage control, and adherence to merchandising layouts.
  • Log utility readings, process bills timely, and audit planograms for process compliance.

FAQs

What qualifications are required for the Commercial Material Officer position?

A graduation or post-graduate degree is required for the Commercial Material Officer position.

What are the key responsibilities of a Commercial Material Officer?

The key responsibilities include managing stock replenishment, ensuring compliance with zero billing errors, handling consumable postings, achieving SIT compliance, maintaining inventory management, and resolving negative inventory issues, among others.

How important is inventory management in this role?

Inventory management is crucial in this role, as the Commercial Material Officer is responsible for maintaining zero defective stock, ensuring proper replenishment of best-selling items, and tracking stock reports.

What performance indicators are used to evaluate success in this position?

Key performance indicators include service quality scores, customer appreciations, store profitability improvements, defective management, and inventory audits.

What competencies are necessary for this role?

Functional competencies include operational effectiveness, finance management, analysis and problem-solving, and results orientation. Behavioral competencies include soft skills, grooming, teamwork, and effective communication skills.

Is prior experience required for this position?

While the job description does not explicitly state prior experience as a requirement, candidates with relevant experience in inventory and cash management are likely to be favored.

How does the role contribute to store operations?

The role supports seamless store operations by managing commercial and material activities, including inventory and cash management, thereby ensuring compliance and operational efficiency.

What skills are essential for the Commercial Material Officer?

Essential skills include coordination skills, teamwork, and strong verbal and non-verbal communication abilities.

Are there any specific inventory compliance targets for this role?

Yes, the role requires achieving 100% compliance with Auto PI and SLOC corrections and maintaining global shrinkage at or below 0.1%.

How often are petty cash expenses posted in this role?

Petty cash expenses are posted monthly.

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Reliance Retail

2006

Retail & Consumer Goods
Industry
10,001+
Employees

Mission & Purpose

Reliance Retail is a leading retail company in India, focused on providing a diverse range of products and services across various sectors, including grocery, electronics, apparel, and more. Their ultimate mission is to enhance the shopping experience for customers by offering quality products at competitive prices, while also fostering economic growth and job creation. Reliance Retail aims to serve the evolving needs of consumers through innovative retail formats and technologies, ultimately striving to become the preferred shopping destination for millions of customers across the country.