About this role
Role Summary: To ensure goods are distributed as per minimum inventory levels and forecast consumption to all locations at SKU level and ensure OTIF and Inventory targets are met
Roles and Responsibility:
• Devise ways to optimize inventory control procedures
• Ensure product stock is adequate for all distribution channels and can cover direct demand from customers
• Record daily deliveries and shipments to reconcile inventory
• Use software to monitor demand and document characteristics of inventory
• Place orders to replenish stock avoiding insufficiencies or excessive surplus
• Analyze data to anticipate future needs
• Evaluate suppliers to achieve cost-effective deals and maintain trust relationships
• Collaborate with warehouse employees and other staff to ensure business goals are met
• Report to upper management on stock levels, issues etc.
• Design methods to avoid the occurrence of products getting into Nonmoving Category by having frequent meetings with required stakeholders.
• For non and slow-moving inventory coordinate with all stake holders and find ways to liquidate it.
• Should do all sort of analysis related to inventory management- SLOB analysis, Inventory norm governance (Cyclic stock, safety stock etc.)
Role Specific Competencies:
• 5 - 9 Yrs of Exp in Manufacturing Setup.
• Bachelor's degree with Engineering or Postgraduate in Management studies (preferably from NITIE, IIM, SP Jain) tier 1 institutes.
• Good understanding of S&OP processes, statistics, supply chain business drivers, Inventory management, production operations and processes and ERP systems
• Manage team in terms of goal setting, delivery, performance, development, and engagement
• Order fill rate
• Track signals
• Inventory vs budget
• Distribution plan adherence
• Freight cost per kg vs budget to minimize non planned movements