Spare Parts Forecasting Specialist
1 week ago
As a Demand Planner for spare parts management at Mahindra & Mahindra Ltd, you will be responsible for creating forecast models, establishing inventory policies, and creating replenishment plans for spare parts management across key business sectors and sales channels.
Key Responsibilities- Develop demand forecasts at multiple levels of aggregation for multiple time horizons as part of a demand planning function.
- Review historical sales trends, research demand drivers, prepare forecast data, develop statistical forecast models, and evaluate forecast results.
- Establish inventory targets for demand fulfilment and determine optimal stock levels across central distribution centres and regional warehouses.
- Develop inventory control models to allocate and position optimal levels of cycle, safety, and pipeline inventory within the entire distribution network.
- Provide inputs to the Sourcing organization in developing inventory strategies on existing items, new products, and product phase-outs.
- Create replenishment plans for timely scheduling of purchase orders on supplier base to continuously improve parts availability for customer service.
- Anticipate demand and supply variations to proactively manage parts availability to prevent stockout and overstock situations.
- Maintain demand & supply planning system and software to seamlessly implement day-to-day planning, executing, and monitoring activities.
- Functional Competency: Minimum 5 years of relevant work experience in Demand & Supply planning methods.
- Leadership Competency: Exposure to leading and executing supply chain improvement projects across different functions within the supply chain organization.
- Communication Skills: Strong ability to verbalize business requirements, achieve consensus, and align business processes across multiple business functions.
- BA/BE degree in operations management, supply chain management, industrial engineering, material management, or a related field.
- MS/ME/MBA with focus on operations & supply chain management.
- Systems/ SAP knowledge: JDA Software Solutions - Working knowledge of Demand, Inventory Optimization, & Fulfillment modules.
- SAP – Materials Management (MM), Advanced Planning & Optimization (APO).
- Professional certifications like CPIM and/or CSCP.
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Spare Parts Forecasting Specialist
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Spare Parts Forecasting Specialist
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