Wakefit Innovation - Manager - Supply Chain Finance

Wakefit | Hiring for Supply Chain Finance Manager role.

About Wakefit:

Wakefit Innovations Pvt. Ltd., started with the mission of enabling individuals to get quality sleep through its scientifically developed affordable products, the company is now expanding into new categories while continuing the path of scientific and affordable products. We manufacture and sell our products and we believe in imparting the best user and customer experience in all our facets. We are growing and we are getting the best talent across teams and giving the freedom to understand, explore and do what brings out the best in you. We are driven by innovation and fun, these being our key values.

Wakefit was launched in March 2016 in Bangalore as a sleep solutions startup with an aim to revolutionize the quality of sleep among Indians. The Wakefit team believes that quality sleep is a basic need and not a luxury; this mantra motivates the team to focus on innovation in product development, efficiency in processes, cost optimization, and excellence in customer experience. Besides, Wakefits superior quality products are also found really efficient and more affordable than its competitors.

Wakefit follows a D2C business model so as to rationalize costs. The company operates in the e- commerce space and all the products are listed on its website as well as on Amazon, Flipkart, and PepperFry. Wakefit delivers to more than 19,000 pin codes in India through these channels. With 3x growth in revenue since inception, Wakefit has also maintained profitability since 2016. Wakefits revenues were around INR 199 crore ($26.73 mn) in FY20, and it grew to Rs 410 crore ($55.08 mn) in FY21. Thus, the company achieved more than 2X growth from FY20. The company has clocked in an annualized revenue run rate of Rs 700 crore, which is 2X the rate it saw in the last financial year, as per the reports dated November 11, 2021. Wakefit has now been valued at INR 2,790 crore (around $375 mn), as of November 2021, which is a significant jump from INR 1,900 crore in 2020. The company also instituted employee stock ownership plan (ESOP) buyback worth INR 15 crore for the benefit of the early employees of the company. Wakefit is also launching retail stores across locations as a part of expansion.

Basic Roles & Responsibilities: (Not limited to):

- Analyzing Freight costs at each Tier of logistics - MM, LM and RM.

- Reviewing provisions adequacy

- Searching for alternate vendors in the industry to bring efficiency in logistics and WH

- Tracking for WHs capacity and under utilization to bring further consolidation

- Planning for upcoming quarter for all W&L costs and reporting variances for Volume, price and mix by Segment, Channel, geography etc.

- Expansive Inventory management. Automation, Security, Record keeping, stock take SOP compliance etc