Inventory analyst

2 days ago

Chennai, Tamil Nadu, India Ford Motor Full time ₹ 9,00,000 - ₹ 12,00,000 per year
Description
  • Plants to maintain optimal level of float/Transit Time/Stockpile for all production parts. 
  • The VSM between Supplier through TC into Plant should operate Lean
  • Engage Regional/ Global cross functional teams in identifying Inv reduction opportunities & support specific agreed CoE actions
  • Work with Plant Operations and Finance teams to Forecast Inventory Trends and support in forecasting & Budgeting process based on changing business conditions
  • Transition to a Center of Excellence for Inventory across Ford Motor Company
  • Deploy the latest Technology tools to ensure optimum Inventory levels/ right size Inventory
  • Drive VSM to achieve TVM waste elimination actions

Note: This profile will also call for night shift working (FNA)

Responsibilities

Understand and Master the concept of in-plant float, Opres, Variable float, Fixed float, Advance Jobs, PFEP, Ship Frequency & Transit Time

Maintain & Update Right Inventory inputs in CMMS in line with agreed standardsReview & Challenge all Float / TT change requests based on Inventory impact to budget/Forecast & Business emergency Review, Challenge and update stock pile requests based on Business case and ensure closure of stock piles when business demand ends.  Review Transit time performance of all shipments between Port to Port and support with TT reduction initiatives based on actual performance

Ensure compliance to closure of all Float & Calendar requests within the agreed TAT

Develop Float starts & support IMG and  FNA Inventory reduction initiatives/ideas

Ensure Monthly Governance of all Float/Opres/Advance Jobs & Fixed Float and alignment with Plant on deviations Work with Plants, Network Logistics, RTM, Capacity, Op Plan, Supply Chain to identify opportunities of Inventory reduction in all input parameters Develop system tools (AI/ ML/RPA/GDIA/AI/Datamart/etc..) to identify and deliver efficiencies across the supply ChainDevelop tools that can predict Inventory movements at part level & thereby improve Inventory forecasting process

Engage all Cross Functional teams in developing Budget / Business plan numbers

Ensure Monthly forecasting is done for all plants and support with necessary variance explanations with 98%+ accuracy

Deliver Inventory actuals In line with Budget & support with any efficiencies that may be tasked

Qualifications
B.E / B.Tech5+ yrs in MP&L Business ProcessERPKnowledgeable Financial KnowledgeBasic Accounting standards / Budgeting & Forecasting ProcessKnowledgeable Data Analytical SkillsData crunching, Interpretation & AnalysisKnowledgeable System ToolsDatamining using Datamart, GDIA tools, PEGA, Programming tools -  AI, ML etc..Advantage

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