Inventory Planning and Management Lead

3 days ago


Shah Alam, Selangor, Malaysia TIME's group Full time

Job Description:

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  • Company Overview
  • Salary
  • Job Responsibilities:
  • Master Inventory Planning: Optimize inventory levels to meet customer demand while minimizing overstocking and understocking, preventing lost sales and excessive carrying costs.

    Demand Forecasting: Analyze future inventory needs, adjusting procurement and stocking strategies to align with predicted demand and business objectives.

    Inventory Accuracy and Analysis: Identify trends, demand patterns, and slow-moving items, making data-driven decisions to optimize stock levels. Maintain accurate records of inventory levels.

    Process Efficiency: Implement improvements in inventory management processes to reduce manual errors, increase operational efficiency, and streamline workflows.

    Reporting and Analysis: Generate reports and analyze key performance indicators (KPIs) related to inventory turnover, stockouts, and excess inventory. Propose execution plans based on action plans approved by management.

    Material Requirements Planning (MRP): Maintain and enhance MRP parameters to improve the accuracy of inventory ordering and ensure alignment with overall demand and supply needs.

    Cross-functional Collaboration: Work closely with various departments (GTP, SA, Sales, Finance, Warehouse, and Logistics) to align inventory management strategies with overall business goals and objectives.


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