Inventory Specialist

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

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"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

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