The Job:
- Assessing the financial structure and inventory storage capabilities of the business.
- Anticipating stock demands based on current and future business demand plan and consensus forecast.
- Analyzing and anticipating market trends for the best time to purchase inventory.
- Creating inventory reports and presenting purchase proposal plan to Planning Manager
- Ensuring the business has a steady flow of stock without overcapitalizing on materials.
- Suggesting changes to inventory warehousing plan to meet increased or reduced demand.
- Working closely with Demand Planner to develop consensus forecasts, identify risks, and explore opportunities for optimizing capacity utilization to drive profitability.
- Working with Demand Planner and monitoring new production development (NPD) and End of life (EOL) projects.
- Ensuring all demand signals are captured and working supply planning collaboratively with cross functional team.
- Managing total inventory to target expectations and customer service availability agreements.
- Establishes safety stock targets and manages supply plans against those targets.
- Monitors and controls inventory aging and follows through with Demand Planner on recommended actions and disposal of slow-moving and obsolete inventory.
- Optimizes the supply planning processes to continuously drive efficiency and productivity improvements.
- Accountable for raw material inventory turns.
- Manages the inventory strategies towards inventory optimization and supply model strategically to reduce the total supply chain cost and maintains the right service level.
- Accountable for FG and RM forecast adjustment and accuracy.
- Execution of POs and DOs, maintaining PO & DO status, and resolving any invoice discrepancies pertaining to the PO raised by Finance.
Joy Yeow Zhi Qian
(CEI Registration No:R2096261)
Recruit Express Pte Ltd (EA Licence No: 99C4599)
