Optimizing Supply Chain Operations

2 weeks ago


shahdol, India beBeeInventoryManagement Full time

Job SummaryTo ensure effective supply chain management and optimized inventory operations, we seek a highly skilled Inventory Management Specialist who can analyze data, forecast demand, and execute cost-efficient procurement activities.Key Responsibilities:Monitor and track inventory levels daily to prevent shortages and ensure uninterrupted operations.Conduct regular physical inventory checks at rig locations and reconcile findings with system records.Maintain accurate records of daily deliveries and shipments; analyze inventory trends to forecast future material requirements.Coordinate with warehouse and operations teams to implement First-In-First-Out (FIFO) practices for material issuance and storage.Initiate procurement based on Minimum Stock Levels (MSL) and support inventory optimization initiatives.Drive cost-reduction and value-addition efforts within the supply chain.Prepare and evaluate Vendor Qualification Criteria (VQC) and maintain an updated Vendor List (VL) based on Expression of Interest (EOI) responses.Develop procurement documents such as Approval Notes, Scope of Supply (SOS), and initiate Purchase Requisition (PR) processes in SAP.Identify and evaluate new and existing suppliers for goods and services, collect quotations, and lead technical and commercial bid evaluations.Create and manage material and service codes to support efficient procurement and inventory tracking.Prepare and update annual Budget Estimates and Revised Estimates aligned with forecasted demand and actual utilization.Monitor purchase order and work order lead times through close coordination with suppliers and the Procurement & Contracts team.Implement and improve inventory management techniques to enhance efficiency and accuracy.Support vendor development initiatives to strengthen quality, reliability, and cost efficiency.Ensure full compliance with internal procurement policies and applicable legal and statutory requirements.RequirementsEducation: Bachelor's degree in Supply Chain Management, Business Administration, or related field.Skills: Strong analytical and problem-solving skills, excellent communication and interpersonal skills, proficiency in SAP and Microsoft Office.Experience: At least 3 years of experience in inventory management, procurement, or supply chain management.BenefitsWe offer a competitive salary, comprehensive benefits package, and opportunities for professional growth and development.Why Join Our Team?Our company values innovation, teamwork, and customer satisfaction. We strive to create a positive work environment that fosters collaboration, creativity, and mutual respect.



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