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Inventory Management Specialist

2 months ago

Aberdeen, Aberdeen City, United Kingdom oilandgas Full time
Job Title: Distribution and Inventory Specialist

About the Role:

We are seeking a highly skilled Distribution and Inventory Specialist to join our team at oilandgas. As a key member of our supply chain team, you will be responsible for optimizing inventory distribution and ensuring efficient inventory management.

Key Responsibilities:

  1. Perform 12 block segmentation analysis to categorize and assess inventory, identifying opportunities for improvement and cost reduction.
  2. Generate and review cancellation reports to identify and address inventory discrepancies, ensuring accurate and up-to-date inventory levels.
  3. Maintain the NIMD - Transactional Health Scorecard to monitor and report on inventory health, providing insights for data-driven decision making.
  4. Oversee NIMD - Inventory Relocation to optimize inventory distribution and availability, ensuring timely and cost-effective delivery of goods.
  5. Develop and track key inventory metrics to ensure efficient inventory management and lower inventory levels, aligning with business objectives.
  6. Conduct Work In Progress (WIP) aging reviews to identify and mitigate potential delays and obsolescence, ensuring smooth production processes.
  7. Provide monthly analysis of inventory health, highlighting key issues and trends, and recommending improvements.
  8. Prepare comprehensive monthly and quarterly summaries focused on inventory impacts and actions related to raw materials (RM), finished goods (FG), work in progress (WIP), gross inventory, and net inventory, providing actionable insights for stakeholders.
  9. Facilitate 10 to 12 reduction exercises annually to minimize WC inventory levels, ensuring optimal inventory utilization and reducing costs.
  10. Support Demand-Driven Operating Model (DDOM) initiatives to align inventory with business needs and reduce excess, driving efficiency and productivity.
  11. Review redeployment opportunities with various locations and push them to move items, ensuring optimal utilization of inventory across the organization.
  12. Collaborate with cross-functional teams to implement inventory strategies and improvements, driving business growth and success.
  13. Assist in other activities aimed at drawing down the WC inventory, ensuring alignment with overall business objectives.
  14. Travel as and when required, representing the company in person and in writing, and ensuring all company policies are met.
  15. Fully accountable for achieving all relevant KPIs, driving business performance and excellence.

Requirements:

  1. Bachelor's degree in a quantitative field such as Statistics, Mathematics, Computer Science, or related fields.
  2. 5+ years of relevant experience is preferred in lieu of degree, with a proven track record in inventory management and data analysis.
  3. Experience in coordinating and managing projects related to inventory management and data cleanup, with a focus on process improvement and cost reduction.
  4. Experience in managing inventory relocation and optimizing inventory distribution, with a focus on timely and cost-effective delivery of goods.
  5. Experience in conducting WIP aging reviews and inventory health assessments, with a focus on identifying opportunities for improvement and cost reduction.
  6. Advanced knowledge of ERP Systems, with experience in data analysis and reporting.
  7. Advanced skills in Microsoft Office Suite, particularly Excel and Power Point, with experience in data visualization and presentation.
  8. Familiarity with some data visualization tools such as PowerBI, Tableau, Incorta, Cognos in an administrative capacity.
  9. Proficiency in segmentation analysis and generating detailed reports, with a focus on data-driven decision making.
  10. Proficiency in preparing and presenting detailed monthly and quarterly inventory reports, with a focus on actionable insights for stakeholders.

What We Offer:

We offer a competitive salary and benefits package, as well as opportunities for professional growth and development. If you are a motivated and experienced Distribution and Inventory Specialist looking for a new challenge, please submit your application.