Inventory and Procurement Specialist
2 days ago
Job Title: Inventory and Procurement Specialist
Job Description:The Inventory and Procurement Specialist will be responsible for managing regional inventory levels to meet sales requirements, while minimizing business risk and reducing excess or bad inventory. This role will extensively interface with suppliers to validate lead times and manage supplier relationships.
Key Responsibilities:
- Optimize good inventory turns and reduce XB inventory.
- Monitor purchase backorder reviews to maximize assets.
- Coordinate stocking packages with Product Marketing.
- Profile inventory (common bond, customer-specific, NCNR).
- Coordinate programs to decrease bad and excess inventory.
- Resolve pricing discrepancies with marketing/suppliers.
- Resolve receiving discrepancies with APDC/marketing.
- Resolve rejected transfers with Corporate/UK.
- Ensure proper management of RTV quality issues with suppliers.
- Coordinate with Marketer and Senior Product Manager on stock rotation quantity and amount.
- Ensure prompt release of purchase orders to suppliers.
- Ensure relevant documents are in place prior to buy related to CUSPEC/NCNR parts.
- Meet management-set quarterly inventory/PBO targets.
- Provide guidance to MSR-Marketing Support Representative.
- Weekly review with Senior Product Manager on Inventory/PBO and all Asset-related issues.
The ideal candidate should have:
- A Diploma qualification or equivalent in a relevant field of study.
- At least 2 years of experience in purchasing or a similar capacity.
- Strong knowledge of Microsoft Excel.
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