Inventory Management Specialist
1 week ago
Avery Dennison is seeking an experienced Inventory Management Specialist to join our team. In this role, you will be responsible for leading the company's supply chain optimization efforts, focusing on inventory management and demand planning.
About the Job:- Develop and implement effective inventory management strategies to improve productivity and efficiency in the supply chain.
- Collaborate with sales and marketing teams to ensure accurate demand visibility and alignment of inventory levels.
- Optimize inventory levels between two sites (GGN and BNG) and ensure timely liquidation of excess stock.
- Take ownership of finished goods inventory and work closely with cross-functional teams to achieve timely liquidation and prevent obsolescence.
- Work towards lean inventory management goals by leveraging Enterprise Lean System (ELS) tools.
- Provide forecast data to purchase teams for better upstream supply chain visibility.
- Daily ordering of raw materials based on consumption patterns after necessary discussion.
- Attend daily meetings with procurement and purchasing teams to discuss PPC and other related activities.
- Respond promptly to emails and maintain open communication channels for better visibility of stock levels.
- Compile actual vs. forecasted data and discuss with sales teams to align inventory levels.
- Better plan AF, BF, and CF category items to avoid stockouts without compromising inventory targets.
- Focus on AR, BR, CR category items to prevent inventory pile-ups in these areas.
- Analyze and report on inventory and demand planning-related metrics.
- Manage inventory data, including ABC analysis, First-Mover Rule, and Stock Replenishment.
- Drive efficiency improvements in inventory management to enhance On-Time Availability (OTA) of stocks.
- Establish a Sales and Operations Planning process to balance demand and supply.
- Minimum 2-3 years of experience in inventory management and demand planning.
- BE in Engineering or MBA/Materials Management degree.
- Experience working in a manufacturing industry, preferably with an MNC background.
- Excellent communication and writing skills, with fluency in English.
- Proficiency in MS Office (Word, Excel, PowerPoint) and ERP systems like Oracle.
- Solid understanding of continuous improvement programs (Kaizen, Six Sigma, etc.).
$85,000 - $110,000 per annum, depending on experience and location.
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