Job Summary The Industrial Material Inventory Analyst is responsible for optimizing industrial material inventory across plants while ensuring compliance with Ford's inventory management and financial guidelines. The role serves as a key link between plant operations, engineering, purchasing, finance, and MP&L; teams to drive inventory efficiency, governance, and cost control. This is a end to end role in Industrial material space.
Responsibilities
- Key Deliverables Ensure Plants operate with optimal level of Inventory for Machine spares &
- Consumables with Nil risk to production
- Assess Demand/Consumption trends and ensure procurement orders and In-plant stocks are in line with changing demand
- Drive for collaborative working between plants on optimized Purchase & reuse of IM Spares
- Drive reduction in Industrial Material Inventory in all Plants by achieve actuals in line with Budget
- Use New Age tools to drive process efficiencies &
- Innovation
- Ordering &
- Controls Review daily work chain for stock replenishment based on part usage, lead time, pricing, order on request, safety stock, pack qty, Minimum order quantity, etc
- Review Back Order request &
- RQ Mailbox on daily basis & prioritize with respective teams
- Daily review of Critical Items &
- High Value Items. Ensure the variance or reduction in Stock was getting clarified with Plant teams for Replenishment
- Govern the Items & make the changes as per the requirement from Plant like Delete W/U (Where Used), Master Catalog Control changes, Part Status Changes etc.
- Request quotation from Vendors / requestors for current parts & new programs. Place initial orders to full fill safety stock requirements
- Follow up with supplier on past due orders & amend Promise Date in line with Supplier response. Update requestors on shipment arrivals and Contact purchasing to expedite Purchase orders / RFQs/ Deliveries. Escalate & seek support on potential delays and enable compliance to plan
- Support Plant-to-Plant Transfer Requests
- Provide shipment status to plants on all open orders & amend the procurement requests based on changing demand
- Constantly Interact with Plant shop floor Managers to get the pulse of Material requirement and ensure Material stock and orders in pipeline are aligned to requirement
Inventory
- Efficiencies Work with plants to scrap / sell unused parts to 3rd party / Sell to alternate Ford plants to drive reduction in Inventory & save space
- Coordinate between Plants &
- Purchasing to drive common source procurement & support reduction in procurement costs, thereby Inventory
- Deliver Inventory actuals In line with Budget & support with any efficiencies that may be tasked
System
- Improvements Develop Excel Macro tools that track and monitor Industrial Material consumption/ demand trends and suggest procurement strategies that enables plants to operate Just in time
- Use New age tools (PEGA, Alteryx, R, Python, SQL etc..) to simplify processes and drive improvements/innovation through Predictive approach
Governance
- Report out Ensure Monthly Governance of all Inventory input variables and report out on key
📌 Inventory Analyst (Chennai)
🏢 Ford
📍 Chennai
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