Glenmark Pharmaceuticals Ltd. (GPL) is a research-driven, global, integrated pharmaceutical company headquartered at Mumbai, India. It is ranked among the top 80 Pharma & Biotech companies of the world in terms of revenue (SCRIP 100 Rankings published in the year 2019). Glenmark is present across the pharmaceutical value chain and registers a revenue of more than 1.5 billion dollars. The company has a presence in over 80 countries globally, employing more than 14,000 employees across 50 nationalities. Glenmark has state-of-the-art research centres present across India to cater to patients needs. Glenmark has manufacturing facilities spread across India, Czech Republic, Argentina and USA.
VACANCY DETAILS :-
POST NAME - Assistant Manager Inventory Control & Budget Consolidation
QUALIFICATION - CA/CMA/MBA
EXPERIENCE - 2 To 3 Years
LOCATION - Mumbai
JOB DESCRIPTION :-
To partner with Supply Chain, Procurement, Planning, Manufacturing, and Finance teams to drive inventory governance, working capital optimization, and annual product cost budget consolidation across India operations. The role will be responsible for inventory analytics, SLOB reduction, inventory controls, vendor return governance, and timely release of budgeted product costs to global markets. The position will play a critical role in strengthening inventory health, improving financial visibility, supporting audits, and enabling data-driven decision making.
- Drive inventory governance and working capital improvement by monitoring inventory health, reducing blocked stock, minimizing inventory ageing, and improving inventory turns across manufacturing sites.
- Own SLOB management through monthly analysis of slow-moving and near-expiry inventory; identify risks, drive corrective actions, and monitor reduction initiatives in partnership with Supply Chain and plant teams.
- Partner with Procurement and Operations teams to improve inventory efficiency through timely return of rejected materials, optimization of stock holdings, and prevention of inventory build-up.
- Ensure accuracy and integrity of inventory reporting through monthly reconciliations, inventory validation, quarter/year-end closure activities, and alignment with financial records and general ledger balances. Aligning with supply chain for inventory triangulation for working the budgeted cash flow.
- Develop and publish inventory dashboards, MIS, and management reports covering inventory trends, ageing analysis, quality stock, blocked stock, provisions, and key working capital metrics.
- Govern inventory provisioning, destruction approvals, and FG exhibit batch inventory tracking to ensure compliance, visibility, and effective inventory utilization.
- Support internal and external audits through preparation of inventory provisions, reconciliations, schedules, and management reports while ensuring adherence to governance requirements.
- Lead annual product cost budget consolidation across plants, products, molecules, dosage forms, and business units which form integral part of ops P&L & further release the product cost to business units.
- Validate product cost assumptions, reconcile budget submissions, and ensure consistency, accuracy, and completeness of product cost data prior to market release.
- Provide insights on product cost movements, manufacturing overheads, inventory performance, and key business risks through management reviews and executive summaries
- Drive process simplification, reporting automation, and digital initiatives including SAP/HANA enhancements to improve efficiency, controls, and decision.
- Drive working capital improvement initiatives through analytics on creditor days, payment terms, inventory holding, and procurement planning efficiency.
- Review POs issued or under approval against budgets, forecasts, and sourcing plans, and raise early alerts for cost deviations or approval exceptions, along with checking inventory levels post issuance of such POs.
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