Key Job Purpose:
- Responsible for managing the inventory of spare parts to ensure availability while minimizing excess inventory and associated costs
- Involves forecasting demand, managing supplier relationships, and optimizing inventory levels to support operational efficiency.
Job Responsibilities:
1. Inventory Management:
- Develop and maintain inventory plans for spare parts to ensure optimal stock levels
- Monitor inventory levels and adjust reorder points and quantities based on usage patterns, historical data and estimated forecasts
- Manage transition between discontinued and replacement parts released via ECR/TB
2. Demand Forecasting:
- Analyze historical usage data, equipment maintenance schedules, and operational requirements to forecast spare parts demand accurately
- Collaborate with service engineers to understand upcoming requirements and adjust inventory plans accordingly
3. Supplier Management and Order Processing:
- Maintain strong relationships with suppliers to ensure timely delivery and quality of parts
- Track status of purchase order and expedite shipment when necessary
- Coordinate with supply chain and shared services on back orders to avoid operational disruptions and resolve any issues related to orders or deliveries
4. Data Analysis and Reporting
- Utilize inventory management systems and tools to track stock levels, order history and usage trends
- Generate reports on inventory status, demand forecasts and supplier performance
5. Documentation and Process Improvement:
- Maintain accurate records and documentation related to inventory and procurement activities
- Continuously evaluate and improve inventory management processes and procedures
- Implement best practices for spare parts planning and inventory control to enhance efficiency and reduce waste
6. Any other additional related responsibilities and project as assigned by superior
Job Requirements:
- Minimum Nitec or Diploma or equivalent in Supply Chain Management
- 2 years relevant working experience
- Proficiency in using Microsoft Excel.
- Excellent oral and written communication skills in English
- Having some experience with SAP system is an added advantage.
