What You'll Do
The principle role of Inventory Specialist - Materials is to work with specified networks to optimise inventory, reduce slow moving ( E&O), improve DOH & Inventory Health. This is a Specialist role with ownership of improving Inventory health & driving actions across sites & various product line networks. Below will be key responsibilities,
- Responsibility & ownership of Inventory health improvement across multiple networks in line with the profit plan & forecast guidelines from finance
- Provide analytical and decision-making support to optimize inventory across networks & drive necessary actions by participating in Sales & operations execution (S&OE) meetings
- Prepare and align inventory expectations and forecast (FC) as report out for the monthly FC process.
- Accountability for product segmentation/ assortment update for inventory planning purposes in consultation with Network planner ( raw ) and SIOP (FG). Responsible for calculation, analysis and recommendations but decision making lying with SIOP & Network Planner
- Ownership of overall Plan For Every Part (PFEP) & Inventory Parameters review & updates in alignment with relevant stakeholders
Roles & Responsibilities:-
- Monitor current and projected inventory levels across the network vs financial targets and inventory entitlement, identifying reasons for deviation and driving corrective actions.
- Participate in S&OE meetings and report out inventory progression for ME and MPS visibility.
- Prepare and align inventory expectations and FC as report out for the monthly FC process.
- Run inventory scenarios in Kinaxis based on S&OE/RCCP inputs and align with network planners
- Accountability for product segmentation/ assortment update for inventory planning purposes in consultation with Network planner ( raw ) and SIOP (FG).
- Responsible for calculation, analysis and recommendations but decision making lying with SIOP & Network Planner
- Responsible for setting inventory parameters for finished goods in DC (Distribution Centers) / plants and raw materials/sub assemblies in plants as per expected service levels in our core systems including SAP, Kinaxis etc. (ROP, SS, MOQ, Min/Max , Replenishment Policy
- Monitors DC and plant service levels and the impact of adjusting safety stock and other parameters
- Lead and cooperate with cross functional teams to drive inventory reduction projects and report out monthly status
- Run scenarios in Kinaxis and simulates the impacts of inventory policy changes on total inventory levels across network Monitors and drives improvement in inventory performance metrics
- Coordinates approval of inventory policy changes
- Provides planning decision making support to Network Planners and Network Schedulers
- Conducts root causes analysis on pain points and recommend improvements/corrective action plans
- Prepares data-driven inventory target levels( water tank execution)
- Evaluates exceptions/scenarios in inventory based on inventory health
- Drives execution of MRP Priorized action messages (push out/cancel) with all network nodes
- Monitors and maintains inventory related master data parameters
- E&O/Slow moving inventory tracking and actions for improvement
- MIS reporting – Daily Inventory & receipts, Tier 4 metrics (Leading indicators), >8 weeks inventory analysis, Non nettable inventory, E&O, ageing, DOH, water tank etc
- Work on materials management processes and drive improvement projects with a consultative approach
- Willingness to learn Kinaxis from super user perspective & train the materials management users as per need
- Excellent communication, presentation skills & demonstrated experience of working on projects with stakeholders from different geographies
Qualifications
Engineering Graduate / Preferably Post Graduate especially MBA (Operations/Supply Chain/Materials/ Production) with 3 to 9 years of relevant experience related to Inventory Management, Material Planning & supply chain management in global environments
CPIM, CSCP or PMP certification will be an added advantage
3 to 9
Skills
- Solid understanding of SIOP, Material planning,Inventory Mgt, MRP & demand / supply challenges
- Proficie skills level in MS Office: Advanced Excel and Power Point presentations.
- Proficient and good hands on exposure on ERP (Preferred SAP)
- Preferred exposure into Power BI, SQL and PowerBI query building.
- Technology Savyness (Knowledge of Kinaxis RR will be an added advantage)
Excellent communication,Collaboration, Networking & presentation skills.
Strong in Problem solving, Strategic thinking , Drive for results & Influncing Skills
Passionate & Attention to details
