This position manages inventory in a way to meet qualified customer demand while also meeting Connell inventory turns and aging targets. This role will use forecasts from the sales team and data from BI on existing inventory, sales history and open orders to ensure accurate inventory planning. This function will work closely and in consultation with the commercial teams and customer service teams.
• Analyze and aggregate forecasts from sales teams
• Provide feedback to sales teams on their forecast relative to historical accuracy and BI data analysis
• Ensure Industry Manager includes consideration of his/her team’s pipeline projects, business threats, new wins, losses in their respective team forecast so that it is as accurate as possible
• Analyze existing stocks with Material-In-Transit, Sales Forecasts / Trends, Lead Time and other criteria to generate a recommended order. May use excel or other tool.
• Fine-tune the details as per the Minimum Order Quantity (MOQ) conditions if any.
• Responsible to get needed approval from the Supply Chain Manager and input from Industry Manager before moving the PO forward.
• Ensure that the order analysis data is used in determining order approval – do not approve orders for which there is no analytical justification
• Be in close consultation with the purchasing, sales, and customer service teams to be aware of the Demand Supply gaps if any including any transit delays from Suppliers. Continuously monitor the Sales Trends against Plans & make course corrections wherever needed.
• Will be overall responsible for maintaining the targeted Inventory Turns & accountable for any Aged Inventory/SMOG.
• Ability to track SMOG/expiring/damaged stocks & work with Business for salvage plans.
• Allocation of the incoming stocks/In-hand Inventory to the respective BU’s as per forecast or requirement to ensure even & fair distribution.
• Monitoring the forecast accuracy against actual Sales – tool needed for this.
