Anshu Kumar
Strategic Business Leader | Category & Procurement Strategy | Inventory Optimization | Supply Chain Analytics | Driving High-Impact Results |
- Role
- Associate Director (Inventory Optimization & Procurement Strategy) at Flipkart
- Location
- Bengaluru, KA, IN
- LinkedIn followers
- 500 followers
About Anshu Kumar
What separates thriving retail operations from struggling ones isn\'t just the product…
Experience
Associate Director (Inventory Optimization & Procurement Strategy)
Dec 2018 — Present · Bangalore Urban, IN
Supply Chain Optimization & Inventory Optimization - Liquidation Strategy II Returns & ReCommerce # Procurement Strategy & Spend Optimization - Business Strategy II Strategic SourcingI lead the Inventory Optimization Solution— with a focus on Returns and Value Recovery. My role was instrumental in efficiently liquidating excess inventory, maximizing investment recapture, and optimizing space utilization to drive sustainable growth and profitability. Key Achievements:Built a High-Impact Function: Established the liquidation department from the ground up, recruiting a specialized team and creating vendor partnerships aligned with yield objectives.Optimized Inventory Management: Enhanced inventory hygiene by systematically clearing long-tail stock, improving Open-to-Buy (OTB) opportunities, and unlocking working capital.Drove Multi-Channel Monetization: Implemented omni-channel retail strategies across multiple channels to accelerate inventory clearance and maximize recovery value.Strengthened Operational Efficiency: Designed and deployed systems to mitigate vendor disputes and eliminate credit note issues, ensuring seamless transactions.Boosted Supply Chain Agility: Improved fulfillment center space utilization by expediting stock clearance, facilitating faster replenishment cycles. Impact: By implementing precision-driven inventory optimization and strategic cost recovery measures, I transformed aged and customer returns inventory into valuable assets. This calculated approach resulted in record-breaking revenue for CY\'24 while maintaining operational diligence. Notably, this achievement extended my 6-year+ streak of zero credit notes (refund claims) issued — an industry-leading accomplishment that reflects disciplined execution.#InventoryManagement #Omni-ChannelRetail #SupplyChainOptimization #ValueRecovery #WorkingCapital #RetailAnalytics #DemandForecasting#MerchandisingStrategies #RetailAnalytics #InventoryEfficiency #CategoryPlanning
Education
Indian Institute of Corporate Affairs
Independent Director, (Issued under the aegis of the Ministry of Corporate Affairs, Govt. of India)
Bangalore University
B.Sc. (Retail - Buying & Merchandising)
National Institute of Fashion Technology (NIFT)
CPT (Manufacturing/Technology)
NAL Academy
CCMP, Compliance Professional
London School of Business Administration
Advanced Professional Programme in Business Management, LSBA Programme accredited by Continuing Professional Development (CPD) (Membership Number : 18464)
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