Inventory Control Analyst
7 days ago
Position Summary:
This position is responsible for identifying trends, forecasting demand, optimizing stock levels, reducing inefficiencies, monitoring inventory turnover rates, and recommending strategies for optimizing inventory levels.
Minimum Requirements:
- Possess at least a Diploma in Supply Chain Management or relevant subject.
- Possess at least 3 – 4 years of working experience in the supply chain industry and literacy in MRP.
- Character: Self-initiative, good manner, good attitude, self-organized, able to work in a team environment. Analytical and detail-oriented.
- Communication: Good interaction with people, able to communicate in English and Malay fluently. Strong communication and negotiation skills.
Key Responsibilities:
- Analyze inventory data to identify trends, forecast demand, optimize stock levels, reduce inefficiencies, monitor inventory turnover rates, and recommend strategies for optimizing inventory levels.
- Measure inventory accuracy, provide data for inventory accuracy indicators and discrepancies' analysis, and propose action plans to reduce inventory discrepancies. Gather and assess competitive Supply Chain information as a basis for comparison to Supply Chain Strategies that are developed.
- Define and execute corrective actions to improve inventory accuracy by actively participating in and supporting the action plans to improve inventory accuracy.
- Generate detailed inventory reports to provide insights to key stakeholders.
- Collaborate with the operations team to monitor and improve inventory processes and controls.
- Provide recommendations on inventory policies, procedures, and systems. Establish and implement training programs for the Supply Chain team.
- Work closely with procurement, warehouse, and supply chain teams to ensure data accuracy.
- Manage the Inventory Cycle Counting and analyze inventory gaps.
- Participate actively in the preparation and execution of the internal periodic inventory.
- Communicate effectively with cross-functional teams to resolve material-related issues and interface with IT to develop information systems solutions to support Supply Chain strategies.
- Perform tasks assigned by leader/supervisor/manager within estimated cycle time.
- Ensure compliance with company policies and industry regulations.
- Support continuous improvement programs.
- Additional duties and/or any other tasks as assigned by the Superior Management.
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