Executive Inventory Management

POSITION SUMMARY:

This role is a part of the central formulations supply planning organization and is responsible for driving key actions for managing non-moving inventory in co-ordination with relevant functions to arrive on final decisions ranging from site transfer, liquidation or incineration.

YOUR TASKS AND RESPONSIBILITIES:

Strategic

• Develop and drive implementation of SLOB inventory management policies, standards, guidelines, technology and procedures leveraging best practices
• Monitor non-moving inventory across global DF plants, share timely updates with the leadership team and drive actions to optimize inventory holding cost & write-offs
• Responsible for setting, monitoring & achieving annual SLOB inventory targets in conjunction with planning targets
• Build collaborative relationships with the extended supply chain planning team, plant teams, finance and the Procurement & Logistics teams to understand drivers of inventory projections, challenge to achieve inventory targets, and highlight risks and opportunities

Operational

• Drive program management of SLOB inventory management opportunities that improve profitability through cost reduction, cost avoidance, and process improvements on a cross functional basis
• Track & monitor progress of SLOB inventory management action-plan and drive intermittent issue resolution with supply chain planning, production and procurement teams to achieve targets
• Ensure non-moving inventory is provided by accounts to the respective plants in various buckets i.e. Rejected and/or Expired, Near Expiry and Others
• Facilitate discussions between production and QC teams at plants to decide on action-plan i.e. whether to increase shelf-life, transfer to API plants etc.
• Ensure inputs are captured from relevant teams regarding consumption visibility for non-moving inventory
• Co-ordinate plant CFT meetings to discuss status, action plan and jointly deciding on actions: site transfer, liquidation, incineration etc.
• Prepare & share timely reports with the leadership team on the status of SLOB inventory across DF global plants
• Create and utilize in-depth analytical tools to support issue resolution, decision making, and execution oversight for non-moving inventory management

WHO YOU ARE:

• Educational Qualification: Bachelors degree in Engineering/ Operations or equivalent qualification
• Experience: More than 4 years of experience with at least 2 years of experience in domain of supply chain planning
• Analytical and problem-solving skills
• Good in communication
• Exposure to ERP systems: SAP, Oracle
• Data analysis and reporting