Responsibilities:
1.) Monitor the end-to-end materials planning process to ensure the timely availability of materials while minimizing excess inventory.
2.) Execute materials planning strategies that balance demand forecasts, lead times, and inventory levels.
3.) Manage relationships with key suppliers to ensure material availability, quality, and cost efficiency.
4.) Implement inventory management strategies to achieve optimal inventory levels (e.g., Just-in-Time (JIT), Economic Order Quantities (EOQ), ABC analysis).
5.) Continuously monitor inventory performance (turns, days on hand, obsolescence) and take corrective actions when necessary to reduce carrying costs and improve cash flow.
6.) Utilize data and analytics to drive continuous improvement initiatives aimed at reducing costs, increasing service levels, and optimizing operational efficiency.
7.) Monitor regular reports on inventory status, supply chain performance, and improvement plans to senior leadership.
8.) Assess the financial impact of materials management decisions, including inventory carrying costs, supplier costs, and logistics expenses.
9.) Understand and evaluate the implications of standard cost revisions on inventory valuation, pricing strategies, and financial reporting.
10.) Identify and mitigate supply chain risks related to material shortages, supply disruptions, and lead time variability.
11.) Stay up to date with industry best practices, new technologies, and innovations that can enhance the effectiveness and efficiency of the materials management and inventory optimization processes.
Qualifications:
Bachelor's degree in Supply Chain Management, Operations, Business, or related field. MBA or relevant certifications preferred
- Minimum 7+ years of experience in supply chain management, with a focus on inventory optimization , spare parts planning strategies and cost management.
- Experience in high-tech manufacturing, electronics, or similar industries.
- Strong knowledge of ERP systems (e.g, Oracle), Salesforce and advanced MS Excel skills.
- Demonstrated ability to manage complex supply chain processes.
- Financial acumen: Ability to assess and communicate the financial implications of supply chain decisions, including the impact of material cost changes, standard revisions, and inventory adjustments on overall profitability.
