2,284 Inventory Planning jobs in India

Role Responsibilities:

• Develop and implement strategies to control inventory and optimize levels while meeting service goals.
• Present inventory recommendations to leadership and communicate with stakeholders across the supply chain.
• Own safety stock optimization, inventory projections, and metrics for leadership reviews.
• Use advanced analytics and statistical modeling to evaluate supply chain performance and provide data-driven insights.

Job Requirements:

• Bachelor's degree or equivalent practical experience.
• 5 years of experience in program or project management.
• Experience in supply chain and capacity planning for infrastructure.
• Excellent analytical skills, with experience in data modeling, trend analysis, or forecasting

Company Description

About Avery Dennison Avery Dennison (NYSE: AVY) is a global materials science company specializing in the design and manufacture of a wide variety of labeling and functional materials. The company’s products, which are used in nearly every major industry, include pressure-sensitive materials for labels and graphic applications; tapes and other bonding solutions for industrial, medical, and retail applications; tags, labels and embellishments for apparel; and radio frequency identification (RFID) solutions serving retail apparel and other markets. Headquartered in Glendale, California, the company employs more than 30,000 employees in more than 50 countries. Reported sales in 2020 were $ billion. Learn more at 

Job Description

PRIMARY RESPONSIBILITIES:

This person will lead Demand Management and Inventory Management under supply chain function for the country in the matrix & cross functional environment. He/she shall be playing key role for making strategies to bring in productivity & efficiency in the area of Inventory and Demand Management. 

Qualifications

This position requires a detailed understanding of the Inventory Management /Materials Management.

About our client

A leading Retail industry

Job Title: Inventory (Demand Planning) Manager

Experience: 8 to 15 years

Location: Coimbatore

1. Inventory Planning & Optimization:

Develop and implement inventory strategies to maintain optimal stock levels, ensuring a balance between demand and supply.

Monitor and analyse inventory levels, ensuring they align with business goals and market demands.

Conduct regular reviews of store categorization, SKU categorization (VED process), and purchase norms.

Ensure the average weekly inventory level is maintained below 25-30 days without GIT/Open PO.

Oversee the SKU fill rate and ensure timely replenishment to meet sales forecasts.

2. Demand Forecasting & Supply Planning:

Collaborate with the business and marketing teams to develop accurate demand forecasts.

Review and approve the 3-month demand and supply plan, ensuring alignment with business objectives.

Publish the Offer Planning Calendar and ensure inventory is aligned with promotional activities.

Monitor and improve the Availability Index (AI) for Prime and Accessories, ensuring it meets the target of >85% and >75% respectively.

3. Process Implementation & Improvement:

Lead weekly inventory meetings, ensuring action points are tracked and resolved promptly.

Implement and monitor the D-Score improvement process for Prime and Accessories, aiming for Gross >85% and AI >98%.

Oversee the RTV (Return to Vendor) process, ensuring timely closure of sellable and defective items.

Conduct weekly aging inventory meetings to track and reduce slow-moving and obsolete stock.

Implement and monitor the CTO (Customer Take Out) sellout tracker, ensuring sell out rates exceed 90%.

4. Reporting & Analytics:

Publish daily and weekly inventory reports, including stock summaries, sellout trends, and aging stock levels.

Develop and maintain a comprehensive inventory dashboard to provide real- time visibility into inventory metrics.

Ensure the timely publication of EOL (End of Life) stock and sellout trackers, with a focus on moving obsolete stock to high-performing stores.

Provide regular updates on key performance indicators (KPIs) such as inventory turnover, fill rates, and stock accuracy.

5. Team Leadership & Development:

Lead and mentor a team of inventory planners and analysts, ensuring they are equipped with the necessary skills and knowledge.

Conduct quarterly knowledge-sharing sessions to enhance the team s understanding of inventory categorization, demand planning, and supply chain processes.

On-board and train new team members, ensuring a smooth transition and quick integration into the team.

Define and track KPIs for the planning team, ensuring continuous improvement in performance.

6. Cross-Functional Collaboration:

Work closely with the procurement, warehouse, and logistics teams to ensure seamless inventory flow.

Collaborate with the finance team to monitor inventory costs and ensure compliance with budgetary constraints.

Partner with the marketing and sales teams to align inventory planning with promotional campaigns and sales targets.

Qualification

MBA in Operations/ B. Pharma/ M. Pharma/ B. Tech

Experience

18+ relevant Years

Followings will be the responsibilities of the position holder:

1.Material requirement planning for Baddi Plant; Checking & releasing PR for packing/ raw material. Process order to be release as per productionschedule

2.Compute material shortage as per production and circulation to all concerned; follow up with Purchase for RM/ PMdeliveries/issues.

3.Analyze packing material inventory and eliminate non-moving materials. coordinating with Procurement, WH and HO Planning forliquidation.

4.Weekly meeting with I&D, Purchase and QA for artwork and new products status.

5.Line wise Plan review with production team and Follow-up with Production for Plan execution. Line scheduling review in SAP/ APO and troubleshooting for the same.

6.Weekly FOV meeting with Production and Packaging, Dept. Prepare schedule for JIT items and ensure on time delivery from Purchase forexecution.

7.Ensure early new MRP implementation to get maximum price benefitby controlling processorder

8.Follow-up/Co-ordination with QC/QNProduction for Finish Goods Deliverance. Follow up/Co-ordination with QC for release of Raw &Packingmaterial.

9.Follow-up with HO IT team/ HO PPC for SAP R3 & APO relatedissues.

10.Responsible for design and implementation of consumption plan for stock to achieve zero writeoffs.

11.Responsible for driving cost optimization process through initiating and executing specialprojects.

Responsible for preparing annul budgets, reconciliation & analysis of all losses & gains in RM/ PM/ FG/Budgets.

WAREHOUSE:

1.Responsible for complete inbound & outbound logistic activities for the plant operation - same day GRN as key focusarea.

2.Maintain inventory of Raw material, Packaging material and Engineeringstores stock accuracy as the key focus area.

3.Ensure that materials are kept as per approved storage conditions andensureproper dispose of rejected materials - storage condition (Temp) is critical.

4.Ensure protocol for cycle counts basis A/8 /C classification; analyzing variances and initiating corrective actions - accuracy of data is key focusarea.

5.Maintains physical condition of WH in compliance with Regulatory requirements for Domestic andexports

6.Ensure storage is in line with area qualification basis AC / non-AC storage spaces - optimize space utilization is thekey.

7.Responsible for end to end Scrap Management; periodical audit, stock keeping, maintaining scrap in hygienic conditions, record keepingetc.

8.Ensures effective utilization of WH areas and observes proper loading, unloading, stocking and safekeeping of items to maintain the quality of FG in order to prevent product damage and avoid occurrence of pilferage, accidents and occupational hazards.

9.Effectively monitors flow of goods and implements First-In First-Out (FIFO) method in the use of raw materials and in dispatching of finishedgoods.

10.Ensures accuracy of product inventories against system records by conducting cycle counts on a periodic basis following appropriate guidelines released by accounting and auditdepartments.

11.Evaluate and analyze inventory variances per cycle count; implement preventive countermeasures based on the result of inventory varianceanalysis.

12.Drive a zero-tolerance mind-set for deviation from the use of quality processes to ensure 100% compliance to approved SOP of WH managementsystems.

13.Ensure efficient and effective use of warehouse space to include layout and future capacity requirements and review ways to reducewaste

14.Identify errors and eliminate root cause using robust countermeasures; Sustain the corrective actions to eliminate repeatissues

15.Monitor and maintain stock accuracy by ensuring the physical stock is in line with the warehouse management system and ensure all stock movements are recorded to ensureaccuracy.

16.Responsible for design and implementation of consumption plan for stock to achieve zero write offs. Responsible for driving cost optimization process through initiating and executing specialprojects.

Responsible for audit observations pertaining to Warehouse and Engineering stores function

PURCHASE:
1. Full accountability of Baddi site RM / PM procurement duly supported by subordinates in Baddi Procurement team.
2. Purchasing of indigenous raw material for Baddi site & responsible for negotiations for Baddi local Purchases and Inward Logistics
3. Monitoring forward coverage for key Raw materials for uninterrupted production and manage costs completely aligned with Baddi monthly plans and weekly frozen plans for both RM and PM.
4. Network with GOAF, Narcotics Department for pickup and delivery of Controlled Substances.
5. Execute plan for enhancing eProcurement
6. Adherence to Corporate Purchase Policies and Code of Conduct
7. Facilitate Audits Internal, External, Statutory, System, SOX etc
8. Maintain documentation as per Policies for audit trails
9. Pro-actively identify risks associated with Cost, Supply, Effectiveness, Serviceability, Responsiveness etc. and initiate, drive & track various initiatives to optimize the same.
10. Sourcing and alternate vendor development for risk mitigation, Cost reduction and Quality Improvements
11. Supervision of packaging material ordering, timely availability & new developments
12. People management (responsibility for leading, motivating, training and developing the subordinates).
13. Identify the training needs of the team and ensure the fulfilment. Ensure that the required initial and continuing training of department personnel is carried out.
14. Set annual goals for the team, monitor performance and provide constructive feedback for continuous improved performance.
 

Plan and coordinate day-to-day for production to meet the company’s expectations for safety, productivity, quality, and goal achievement and exceed our customers’ expectations.

Responsible for production schedule, material arrangement and release follow-up, to dispatch the products on time.

Responsible to maximum utilization of resources.

To receive 3 months commercial rolling plan from SCM and one month R&D plan from Project team for production schedule.

Responsible to prepare production schedule and share with CFT with month commitment.

To follow Document team and CFT for document approval as per production schedule.

To create and release process order for commercial, validation, submission, and engineering batches in ERP system.

Responsible to issue batch document for commercial products as per plan.

Coordinate cross functional teams for CoA, executed document for batch release and dispatch.

Follow with Logistic and warehouse team for container arrangement for Air and sea shipment.

Ensure to track the process, analysis, and dispatch of less DOH products. 

Maintain safe and healthy work environment by ensuring regulatory and company standard and practices are adhered to.

Allocate resources for NPL products to balancing commercial requirement and submission timeline.

Initiate Quarantine dispatch request for internal and EVL approval, whenever required for priority products.

Notification to management for any critical and major issues related to delivery.

Maintain transparent communication. Appropriately communicate information through department meetings, one-on-one meetings, and appropriate email, and regular interpersonal communication.

Other jobs assigned by superiors to support the organization achievement as well as cooperation in rule and regulations, safety policy and all activities according to company policy.

Monthly dispatch batches and volume to be meet as per the plan.

Ensure implementation of adequate and effective training programs related to cGMP.

Review and update department HOD for plan Vs actual and delays.

Review the cycle time of new products and update same in production schedule.

To ensure all Qualification related activities to close on time for area release for commercial.

Quality and Compliance

Meeting statutory requirements. 

cGMP Compliance in entire manufacturing area and SOP compliance on all aspects.

To ensure zero overdue on training assigned.

Follow ALCOA+ and ready for any time inspection.

Responsible to face regulatory and customer audits.

Ensure to follow quality culture in organization.

Safety

To ensure 100% safe operation in production area.

Ensure all the necessary PPEs are available in production facility and monitor proper PPEs are worn by the personnel’s during manufacturing.

Reporting the near miss and ensure their compliances.

Follow ISO 14001 practices.

To follow and maintain 5s in workplace.