Inventory analyst

2 weeks ago

mumbai, India Paradise Placement Consultancy Full time

Responsibilities

1) Inventory classification into Fast moving, slow moving, nonmoving, Meters & Spares.
2) Improvement in healthy inventory by reducing slow & nonmoving inventory.
3) Identify the material in ABC, FSN & VED as per group policy
4) Reduction in Aged inventory (> 6 months) in Distribution Business as per AOP.
5) Preparation of purchase requisitions for various services availed through outsourced
contractors with Need validation data for all services.
6) Preparation of MIS data for all services, audits etc. for Materials department.
7) Amendments in Work orders of Materials department.
8) Implementation of Warehouse Management System (WMS-IT Solution) at Central stores.
9) Prepare audit schedule for GTD stores and ensure audit is conducted as per decided frequency. Conducting inventory & process audits as per audit schedule
10) Coordination with Management audit & risk assessment team (MAAS) for IFC and Inventory/Process audit.
11) To conduct Internal inventory & process audit
12) Arranging timely AMC & Repairs of Equipment's & Notification closing for Materials department & Changing the functional locations for scrap switchgears (At Stores/ Scrap)

13) Shelf-life monitoring, governance MIS & GTD inventory reports & analysis for Materials department.
14) IT developments for process improvement (defining logic/UAT/coordination with various stake holders/training to Materials department team/SOP preparation)

15) Daily Perpetual inventory report preparation for AEML-D
16) Evaluating requirement for any material received from other group companies (Sharing stock data with photos). If material is required by other group companies, then creation of sale order and follow up with Techno commercial team, Accounts for its invoicing.
17) Facilitate for buy back of excess inventory by vendor & configuration of SD module for sale.
18) Processing of advance payment invoices.
19) Revision of processes and necessary changes in Materials department QAP
20) Legatrix compliance as approver for Materials department compliances.

KEY CHALLENGES

Coordination with multiple users for liquidation of aged inventory. Handling of multiple audits simultaneously. Alignment of material deliveries as per changing business needs.

KEY INTERACTIONS

Internal Nature

All departments (NM/CM/IT/HR/Admin etc.)

- Follow up for consumption of aged and SMI/NMI inventory
- Follow up for incoming material consumption

External Nature

1) Supplier
2) Statutory auditors

1) Services for Stores operation & Invoice related queries/service reports/ breakdown repair service of stores equipment’s.
2) Coordination & resolving observations raised during audits

DIMENSIONS (Financial Accountabilities of the Role)

Number of materials 26300 Items
Inventory value handled Rs 128 Crs
Number of stores for audit (GTD) 15
Number of audits in a year (GTD) 70

JOBHOLDER REQUIREMENTS

Qualifications: Any Graduate having relevant experience in inventory/ Stores management with PG / Diploma in material management.
Experience: 6-8 years
Mandatory Technical Skills: SAP MM & PM Module, Office 365, Analytical skills (Power BI), etc.

Key Skills :

Stores Governance Audit Sap

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