Reporting into the Supply Planning manager, you will be responsible for overseeing and optimizing the inventory planning and procurement cost across the supply chain network.
Responsible for maintaining inventories, developing the supply plan to reduce out of stocks in the HUB to increase service levels while minimizing impact in Factory change overs.
Proactively utilize MRP’s and other tools to review inventory projections & supply-demand summaries to prevent potential shortages or excessive inventory and demurrage.
Implement and maintain inventory strategies by regular review and optimization of inventory parameters and levels (e.g. reorder pt, safety stock, ABC categorization, forecast bias, etc…). Set up inventory targets and monitor actual inventory levels vs. targets
Conduct root cause analysis for supply chain issues/variances and define corrective action plans to avoid reoccurrence. Review out of stock situations or shortage of supply issues and recommend mitigations. Utilize exception reports to identify and correct potential out of stock issues
Responsible for overall master data maintenance in systems associated with supply planning such as lead times, sourcing information, safety stocks, etc….
Conduct regular business and performance reviews with Demand Planning, Sales and Operations, including participation in S&OP processes.
Identify and manage potential inventory obsolescence to minimize aged inventory and eventual write-offs
Review and update inputs monthly to calculate safety stocks and inventory targets
Track and reconcile weekly/monthly metrics versus established targets
Weekly/Monthly meetings with his/her countpart in the factory to improve the inventory investment and factory kpis.
3-5 years work experience in a similar role
Experience of using MRP planning system, SAP preferred