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Commercial & Material Executive

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Reliance Retail

1mo ago

  • Job
    Full-time
    Senior Level
  • Customer Relations
    Logistics
  • Hyderabad, +1

AI generated summary

  • You should have strong finance management, problem-solving, coordination, and communication skills, with a focus on results, teamwork, and professional grooming.
  • You will manage stock replenishment, ensure compliance, track inventory issues, oversee financial postings, control operations, and maintain merchandising and audit standards daily.

Requirements

  • Job Requirements
  • Functional Competencies
  • Operational Effectiveness
  • Finance Management
  • Analysis and Problem Solving
  • Results Orientation
  • 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 are the essential skills required for the Commercial & Material Executive position?

The essential skills include inventory management, visual merchandising, customer service, team leadership, sales forecasting, budget management, vendor relations, and problem-solving.

What is the primary purpose of the Commercial & Material Executive job?

The primary purpose is to manage Commercial & Material activities for the store effectively, including all transactions related to inventory and cash management for seamless store operations.

What educational qualifications are needed for this role?

A graduation or post-graduate degree is required for this position.

What are some key responsibilities of the Commercial & Material Executive?

Key responsibilities include ensuring 100% stock replenishment for best sellers, managing consumable postings, achieving SIT compliance, maintaining zero defective stock, tracking negative inventory issues, and managing store operations.

What are the performance indicators for this role?

Key performance indicators include service quality scores, customer appreciation, store profitability, defective management, stock reports, and EOL audits.

Is experience in vendor relations important for this role?

Yes, experience in vendor relations is important as it plays a crucial role in managing inventory and ensuring smooth operations.

What competencies are necessary for operational effectiveness in this position?

Competencies necessary for operational effectiveness include finance management, analysis and problem-solving, and results orientation.

Are there specific soft skills that are essential for the Commercial & Material Executive role?

Yes, essential soft skills include grooming, coordination skills, teamwork, and strong communication skills—both verbal and non-verbal.

What type of inventory management experience is preferred for this position?

Experience with managing stock replenishment, shrinkage control, and adherence to merchandising layouts is preferred.

Will the Commercial & Material Executive have any team leadership responsibilities?

Yes, the position involves team leadership and demonstrating entrepreneurial orientation in store operations.

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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.