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Regional Inventory Optimization Analyst

3 months ago

Aberdeen, Aberdeen City, United Kingdom NOV Full time
JOB DESCRIPTION

PRIMARY RESPONSIBILITIES
  • Conduct detailed segmentation analysis to categorize and evaluate inventory effectively.
  • Generate and analyze cancellation reports to pinpoint and resolve inventory discrepancies.
  • Maintain the NIMD - Transactional Health Scorecard to oversee and report on inventory conditions.
  • Manage NIMD - Inventory Relocation initiatives to enhance inventory distribution and accessibility.
  • Develop and monitor essential inventory metrics to promote efficient inventory management and minimize stock levels.
  • Perform Work In Progress (WIP) aging assessments to identify and address potential delays and obsolescence risks.
  • Deliver monthly evaluations of inventory health, emphasizing critical issues and trends.
  • Compile thorough monthly and quarterly reports focusing on inventory impacts and actions related to raw materials (RM), finished goods (FG), work in progress (WIP), gross inventory, and net inventory.
  • Facilitate multiple reduction initiatives annually to decrease working capital inventory levels.
  • Support Demand-Driven Operating Model (DDOM) strategies to align inventory with operational needs and reduce surplus.
  • Evaluate redeployment opportunities across various locations to ensure optimal inventory utilization throughout the organization.
  • Collaborate with cross-functional teams to implement inventory strategies and enhancements.
  • Assist in various activities aimed at reducing working capital inventory, ensuring alignment with overall business objectives.
  • Travel as necessary to fulfill job responsibilities.
  • Ensure compliance with all company policies regarding purchasing, health & safety, quality standards, and housekeeping.
  • Take full responsibility for achieving all relevant Key Performance Indicators (KPIs).
  • Perform any additional duties as required that align with the role's responsibilities.
EDUCATION & EXPERIENCE QUALIFICATIONS
  • Bachelor's degree in a quantitative discipline such as Statistics, Mathematics, Computer Science, or related fields.
  • 5+ years of relevant experience preferred in lieu of degree.
  • Experience in coordinating and managing projects related to inventory management and data accuracy.
  • Experience in overseeing inventory relocation and optimizing distribution processes.
  • Experience in conducting WIP aging reviews and inventory health evaluations.
  • Advanced proficiency in ERP Systems.
  • Advanced skills in Microsoft Office Suite, particularly Excel and PowerPoint.
  • Familiarity with data visualization tools such as PowerBI, Tableau, Incorta, Cognos in an administrative capacity.
  • Expertise in segmentation analysis and generating comprehensive reports.
  • Expertise in preparing and presenting detailed monthly and quarterly inventory reports.
JOB REQUIREMENTS
  • Proficiency in inventory management software and analytical tools.
  • Proficiency in Microsoft Excel and other relevant data analysis applications.
  • Strong problem-solving skills to identify and resolve inventory-related challenges.
  • Excellent organizational and time management skills. Self-motivated.
  • Ability to work effectively under pressure to meet deadlines.
  • Attention to detail and a commitment to high-quality standards.
  • Capability to facilitate inventory reduction initiatives and support DDOM strategies.
  • Willingness to provide colleagues with necessary information to complete their tasks and eliminate obstacles.
  • Ability to manage multiple priorities and projects simultaneously.
  • Exceptional interpersonal and communication skills.
  • Excellent verbal and written communication abilities.
  • Ability to collaborate effectively with cross-functional teams and various locations.
  • Confidence and professionalism when representing the company in all communications.
  • Ability to meet or exceed departmental standards.
  • Flexibility to adapt and be cross-trained for all job functions.
  • Willingness to travel 10-20% of the time.