Role Purpose Work hand in hand with Sales Teams to blend the requirements of current projects in the forecasting parameters as well as analyze the movement of goods within the Gulf markets, monitor current processes, identify and analyze gaps to eliminate stock outs and to develop process improvements to increase inventory turns
Qualifications Education:
Bachelor’s degree in Electrical/Mechanical from a recognized university or college
Experience required & Others:
3-5 years experience as forecast analyst in inventory management in distribution business
Knowledge, Skills &; Abilities:
Good Communication skills
Microsoft Office awareness
Capable of working on new generation ERPs
Business correspondence
Proof of payment & method of payment etc for Saudi Customs
Knowledge of modes of shipments, shipment lead times, unit of measures, currency conversion, country’s statutory policies & regulations.
Detail-oriented
Active Listening and critical thinking
Analytical skills
Persuasive and confident
Presentation skills
Job
Responsibilities – To examine inventory levels, speed of inventory replenishment, considering both the production lead time & transit time and demand for products to ascertain companies optimal inventory levels that should meet potential future stock sales opportunities in the market.
– To make use of several types of measurement and inventory modeling tools in reaching accurate predictions.
– Develop and measure key performance indicators to track and evaluate forecasts made, to assist in assessing the effectiveness of the demand planning & forecasting function, and to work towards continuous improvement.
– Participate as the demand owner/representative in an organization’s sales and operations planning process, to enable demand-supply balancing analysis
– Consult with functional teams such as supply planners, sales, marketing, operations, finance, and product development to obtain relevant data and insights on demand
– To work with the Sales Team, IT Team & the Business Development Team in collecting information, developing reports and to research how to best capitalize on existing trends as well as to identify new stocking initiatives.
– To simulate and Analyze Risk Scenarios and to recognize, follow and analyze trends in the market.
– To research historical data to map trends and determine how they will influence the business.
– To review Forecast Orders Worksheets (FOW) and prepare Bills of Materials (BOM) for suggested stock orders.
– To suggest stock transfers within different branches taking into consideration the quantities on hand/on order versus sales history in that particular region.
– To send those BOMs to Sales Managers asking them to review & suggest changes, if any. Then to scrutinize the changes suggested by Sales to finalize the proposed stock orders.
– Liaison with the sales teams to negotiate competitive prices with vendors.
– Review of prices obtained by sales on final BOMs.
– Initiate stock orders approval requests as per SESCO Delegation of Authority & Standard Operating Procedures.
– Must also routinely examine our own methodologies to find ways of improving predictive accuracy.
– Conforming to all requirements of ISO 9001:2008 and EHS which are applicable to the Department.
– Complying with management information reporting requirements. BI – weekly updating on SESCO Inventory issues to management.
– Demonstrate ownership of all current SESCO stocking initiatives.
