15 Oct
|
Mongoose Minds Private
|
Bengaluru
15 Oct
Mongoose Minds Private
Bengaluru
The Inventory Analyst is responsible for collecting and interpreting inventory data from our ERP system, evaluate the efficiency of overall stock holding and help identify streamlined purchasing methods. Contribute to the monthly inventory forecasting process, providing clear instruction for the branches to ensure we have an accurate account of inventory levels for the coming months to meet our cash targets.
Key Responsibilities
Inventory Forecasting
· Analyse inventory data to identify trends, risks, and opportunities for optimization.
· Coordinate the monthly inventory planning processes, ensuring all data is collected in a timely manner, and regional reviews take place before submission to Longview.
· Weekly monitoring of perpetual inventory levels to ensure we are in line with forecast and highlighting areas of concern.
· Work closely with branches to improve inventory performance against targets, identifying specific customers or elements within the supply chain that are contributing to any significant change in gross inventory.
· Analyse and report on specific customer Actual v Forecasted sales, identifying fluctuations that could affect our overall stock holding.
· Analyse aged 1 year or slow-moving inventory, report back to the branches and track commercial claim opportunities.
· Provide regular updates on rejecting material values, helping to ensure branch personnel are taking appropriate action.
Purchasing Responsibilities
· Monitor purchasing patterns at the Int branches and track value of open order books to ensure management is aware of any fluctuations that may affect cash targets.
· Monitor the information held within the ERP database to ensure Materials personnel can make informed decisions when deciding what to purchase
· Identify continuous improvement opportunities within purchasing and contribute to updating processes and procedures.
· Assist with training new buyers/planners to ensure all buyers use the ERP system as expected and are aware of relevant procedures.
· Support new product introductions (NPI)
and product lifecycle inventory planning.
General Analysis & Reporting
· Develop and maintain inventory reporting, dashboards, and KPIs (e.g. stock turns, ageing, service levels).
· Help identify and drive opportunities for best practice improvements within the dept.
· When required, assist with planning & purchasing activity at specific branches
· Interact with Logistics colleagues to ensure we can consolidate shipments between branches and move products by the most economical means.
· Assist when required with data analysis for other key parts of the business.
· Maintain and improve master data accuracy within ERP/MRP systems.
· When required, assist with planning & purchasing activity at specific branches
· Interact with Logistics colleagues to ensure we can consolidate shipments between branches and move products by the most economical means.
· Assist when required with data analysis for other key parts of the business.
· Maintain and improve master data accuracy within ERP/MRP systems.
Required Qualifications
- 3 years’ experience in inventory planning, forecasting, purchasing, or supply chain analysis.
- Strong analytical skills with the ability to interpret large volumes of data and identify trends, risks, and opportunities.
- Experience monitoring inventory performance, stock levels, and forecasting accuracy.
- Experience using ERP/MRP systems to manage inventory and purchasing data.
- Advanced Microsoft Excel skills with the ability to create reports, dashboards, and KPI analysis.
- Strong attention to detail and ability to maintain accurate master data.
- Experience producing and presenting management reports and recommendations.
Desirable Requirements
- Experience in a manufacturing, distribution, engineering, or supply chain environment is preferable.
- Experience supporting new product introductions (NPI) and product lifecycle management.
- Understanding of purchasing processes and supplier management.
- Knowledge of logistics, transportation planning, and shipment consolidation.
Pay: ₹500,000.00 - ₹750,000.00 per year
Benefits
- Versatile schedule
Work Location: In person
📌 Inventory Analyst (Bengaluru)
🏢 Mongoose Minds Private
📍 Bengaluru