Inventory Specialist

What you'll do:

Roles & Responsibilities:-
• Monitor current and projected inventory levels across the network vs financial targets and inventory entitlement, identifying reasons for deviation and driving corrective actions.
• Participate in S&OE meetings and report out inventory progression for ME and MPS visibility.
• Prepare and align inventory expectations and FC as report out for the monthly FC process.
• Run inventory scenarios in Kinaxis based on S&OE/RCCP inputs and align with network planners
• Accountability for product segmentation/ assortment update for inventory planning purposes in consultation with Network planner ( raw ) and SIOP (FG). • Responsible for calculation, analysis and recommendations but decision making lying with SIOP & Network Planner
• Responsible for setting inventory parameters for finished goods in DC (Distribution Centers) / plants and raw materials/sub assemblies in plants as per expected service levels in our core systems including SAP, Kinaxis etc. (ROP, SS, MOQ?, Min/Max , Replenishment Policy
• Monitors DC and plant service levels and the impact of adjusting safety stock and other parameters
• Lead and cooperate with cross functional teams to drive inventory reduction projects and report out monthly status
• Run scenarios in Kinaxis and simulates the impacts of inventory policy changes on total inventory levels across network Monitors and drives improvement in inventory performance metrics
• Coordinates approval of inventory policy changes
• Provides planning decision making support to Network Planners and Network Schedulers
• Conducts root causes analysis on pain points and recommend improvements/corrective action plans
• Prepares data-driven inventory target levels( water tank execution)
• Evaluates exceptions/scenarios in inventory based on inventory health
• Drives execution of MRP Priorized action messages (push out/cancel) with all network nodes
• Monitors and maintains inventory related master data parameters
• E&O/Slow moving inventory tracking and actions for improvement
• MIS reporting - Daily Inventory & receipts, Tier 4 metrics (Leading indicators), >8 weeks inventory analysis, Non nettable inventory, E&O, ageing, DOH, water tank etc
• Responsible for sharing with the team, best materials management practices, continuous improvement of process, development of process standards, compliance with materials planning processes, and reporting in alignment with the network and global supply chain organization (Identify , Own & lead L2/ L3 level CI's)
• Demonstrate strong functional knowledge & working experience related to materials management & detailed understanding of concepts related to supply planning, replenishment planning, PFEP,material planning & inventory performance measures like ITR & DOH
• Work on materials management processes and drive improvement projects with a consultative approach
• Willingness to learn Kinaxis from super user perspective & train the materials management users as per need