Senior Inventory Specialist

1 week ago

Puducherry, Puducherry, India beBeeInventory Full time ₹ 9,00,000 - ₹ 12,00,000
Job Overview

This role is responsible for overseeing inventory values and providing detailed analysis to enhance working capital metrics.

  • Monitor inventory levels and develop strategies to meet committed targets in collaboration with cross-functional teams.
  • Analyze inventory data to identify trends, patterns, and areas for improvement.
  • Optimize inventory levels by developing and implementing effective strategies.
Key Responsibilities
  1. Analyze inventory data: Collect, analyze, and interpret inventory data to identify trends, patterns, and areas for improvement.
  2. Optimize Inventory levels: Develop and Implement Inventory optimization strategies to minimize stockouts, overstocking and obsolescence.
  3. Manage Inventory Metrics: Track and report on key inventory metrics such as Days of Inventory Outstanding (DOH), Inventory encore vs actual, MTO ageing, E&O
  4. Develop and maintain reports to track inventory performance and provide insights to stakeholders
  5. Review of Buy analysis with support of reporting, Procurement and planning
  6. Monitoring the inventory movement and provides regular analysis for inventory reduction and corrective actions
  7. Preparing Inventory report on weekly basis and conducting review meeting for action plan with inventory stakeholders
  8. Monitoring quality non-conformance inventory for its liquidation liaising with Quality and other cross functional team
  9. Periodic master data review on Safety stock, lead time, MOQ, MTO /MTS etc. and maintaining in SAP ERP liaison with SCM & operations team
  10. Analyzing the E&O inventory and exploring for action plan for liquidation complying with company policy
  11. Following up for timely execution of exception actions like pull in, push out and cancel on supplier/customer orders and thereby balancing the supply & Demand
  12. Daily Monitoring and controlling excess receipt against plan
  13. Monitor and review the forecast Vs consumption through effective co-ordination with demand planner and order booking team
  14. Effectively participating in SIOP facilitating with data on inventory impact due to forecast variance
  15. Monthly analysis of DOH report –hits and misses analysis
  16. Monitoring service inventory and supporting inventory actions

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