Job Responsibilities

• Managing procurement, budgeting, planning, and developing strategies for a lean Supply Chain
• Ensuring optimum production and minimal equipment downtime through effective inventory level management
• Limiting purchases in line with networking capital to increase inventory turn and ensure seamless operations/production
• Financial budgeting based on actual and forecasted consumption/sales across departments
• Contract management including legal, financial, CapEx, and OpEx agreements
• Developed new techniques for tracking consumable usage and recording consumption data
• Training team members on supply chain and management techniques
• Decision-making for procurement and contract management
• Strategic procurement of spares, consumables, and CAPEX/OPEX items for drilling rigs
• Inventory management using ERP systems such as ADP and SAP
• Planning and forecasting for equipment and spares, including product categorization, cost, availability, and lead time (ABC, FSN, etc.)
• Procurement from OEMs and global suppliers under distributorship agreements
• Negotiating pricing, lead times, and payment terms without compromising product quality
• Vendor development and management for both bulk and emergency supplies
• Warehouse management including layout design, stock forecasting, and inventory control
• Daily stock management, perpetual inventory counting, binning, and categorization
• Inventory control by reducing obsolete inventory, avoiding duplication, and updating superseded parts
• Local vendor development for high-consumption and daily-use items
• Crisis management for machine down conditions, petty cash budgeting, and emergency stock availability
• Stock replenishment planning for critical items
• Generating weekly and monthly statistical forecast reports
• Continuous improvement of forecasting techniques and methods
• Measuring and analyzing forecast accuracy
• Maintaining documentation and SOPs for demand planning processes
• Conducting current and future forecasting analysis with adherence to defined processes
• Adjusting forecasts and inventory targets based on market demand and trends
• Leading forecast and inventory planning meetings with marketing managers to review sales forecasts and inventory goals
• Managing inventory targets, including safety stock levels approved by management
• Reporting forecast and inventory performance (accuracy, plan vs. targets)
• Monitoring SKU levels and recommending SKU rationalization initiatives
• Facilitating re-engineering and best practices among cross-functional teams (Demand Planning, Purchasing, Sales, Operations, Finance)
• Preparing and presenting Monthly MIS reports
• Maintaining communication with principals and external stakeholders