Inventory Management Specialist
2 days ago
We are looking for an experienced Supply Planner to join our global biscuits and confectionery business. The successful candidate will be responsible for maintaining optimal stock levels of Finished Goods (FG) and materials to meet required service levels.
Responsibilities:
- Maintain optimal stock levels of FG and materials to meet required service levels.
- Achieve supply chain objectives with zero shortages, ensuring timely fulfilment of demand.
- Support the team in ensuring availability of all local and imported raw and packaging materials, as well as imported FG, for short- and long-term plans.
Main Responsibilities:
Finished Goods Planning:
- Collaborate with demand planners to accurately forecast demand.
- Place orders for imported FG based on sales demand and stock availability.
- Coordinate with worldwide factories supply team to ensure freshness and readiness of FG orders and shipments.
- Work with the import team to arrange timely shipments.
- Identify and propose actions to mitigate gaps in supply or demand plans.
- Monitor stock levels to align with targets and minimize shortages.
- Proactively maximize product availability and minimize Out of Stock (OOS) instances.
Materials Planning:
- Generate material requirements for production plans using MRP Planned Orders/Purchase Requisitions & Purchase Orders.
- Update MRP master data frequently and obtain necessary information on Minimum Order Quantity (MOQ), Lead Time (LT), and Safety Stocks.
- Monitor materials stock levels and ensure availability for production plans.
- Establish and maintain appropriate safety stock levels.
- Highlight material constraints impacting production plans and how to mitigate them.
- Monitor near expiry or expired materials and manage replenishment or depletion efficiently.
- Manage phase-in and phase-out materials with minimal obsolescence.
- Coordinate with production planners and purchasers to ensure timely arrival of materials.
- Proactively ensure maximum product availability and minimize OOS instances.
Reports:
- Raw and packing materials availability.
- Imported FG visibility.
- Inventory value.
- OOS Report.
- Monthly KPIs.
- Orders forecast accuracy.
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