Inventory Manager

6 days ago

Walsall, Walsall, United Kingdom Quarsh Full time

Job Title: Procurement Specialist

Location: Quarsh

Summary:

The Procurement Specialist will be responsible for the procurement and management of inventory in a cost-effective and timely manner. The Procurement Specialist position requires a detail-oriented professional who possesses excellent communication and relationship-building skills, coupled with the ability to work under a somewhat time-pressured environment to satisfy production demands. The role requires the ability to influence buying decisions to guarantee preferred terms with regards to quality, cost, and delivery that will directly feed into the Procurement strategy and the departments SQCDP targets.

Performance Targets:

  • Overall 2% reduction in purchase price
  • >90% VOTD
  • Kits OTIF > 99%

Key Responsibilities:

Communication.

  • Build and maintain supplier relationships, providing clear communication on day-to-day procurement activities.
  • Liaise with the wider Procurement team when making buying decisions to ensure the best decision is made to suit the Procurement strategy.
  • Ability to liaise with Procurement customers as applicable when making supply chain decisions.
  • Escalate issues that cannot be resolved within the wider team to the Procurement Manager.

Quality.

  • Ensure BC is kept up to date with correct and relevant information at all times (examples).
  • Manage demand report on a daily basis to ensure any demand is captured and placed in accordance with MOQ/MOV/Lead Time information and receipts are being managed against changing demand.
  • Update/establish safety stock levels in BC against up to date/forecasted demand to achieve continuity of supply.
  • Work with the NCR team on supplier rejects with a view to facilitating problem-solving and corrective action and pending quality concerns.

Cost.

  • Work with current/potential suppliers to negotiate cost reduction.
  • Reject/defer cost increases from suppliers via negotiation.
  • Identify methods to increase buying power with selected suppliers to increase preferential terms and in turn result in cost reduction/supplier consolidation.
  • Ensure payment terms are in line with/exceed standard terms with all suppliers.
  • Have the ability to negotiate discounted terms and rebate agreements to offer advantageous terms.
  • Ability to manage spend to limit the amount of stock being held including obsolescence.
  • Diligently manage PPV with the commercial team to guarantee pricing variation is being captured and relayed back to the customer.

Delivery.

  • Manage open demand to ensure DOT target is met.
  • Manage suppliers against requested/promised date information in accordance with Procurement objectives.
  • Categorize suppliers using ABC analysis and manage accordingly.
  • A High-value/Long Lead/Prone to change Frequent management via weekly TEAMs/call/meetings to ensure orders are still on track.
  • B Moderate value/Moderate Lead Bi-Weekly meeting to review order book and lead times.
  • C Low value/short lead supplier order books.
  • Any variances that cannot be resolved to be escalated through the appropriate channels.
  • Work with suppliers on lead time reduction by negotiation of SLAs/blanket orders.
  • Increase stock turns by introducing stock management tools such as VMI Min/Max Kanban SLA.
  • Update suppliers with appropriate forecast and anticipated demand levels and prep the supply chain in anticipation of PO placement at Quarsh.

People.

  • To work collaboratively with internal and external stakeholders to establish and maintain working relationships.
  • Engage in training/team building exercises to promote cross-functional working.
  • Support/facilitate project work when required.
  • Demonstrate core values.

Working Hours:

  • 8:17-15:00 Mon-Thurs
  • 8:12-15:00 Friday

Other Benefits:

  • Simply Health Medcover (cash towards dentist type stuff)
  • Death in Service and Terminal illness cover x1 Annual Salary
  • 25 Annual Leave 1 extra day to cover birthday BHs
  • 5% Matched Pension
  • CIPS or any other learning post 12-week probation.

Remote Work:

No

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