Roles and Responsibilities

• Managing procurement, budgeting, planning, and chalking out strategies for lean Supply Chain.
• Ensuring optimum production and minimal equipment down time by ensuring optimum inventory levels.
• Limiting purchases in line with networking capital thereby increasing inventory turn ensuring seamless operations/ production.
• Financial Budgeting – Based on actual and forecasted consumption / sales for all the departments.
• Contract Management – legal, financial, Capex and Opex.
• Devised new techniques and procedure for tracking consumable usage; consumption tracking and recording.
• Training the team members on management techniques.
• Decision making on procurement and contract management.
• Strategic Procurement of spares and consumables.
• Strategic Procurement of CAPEX and OPEX items for the drilling rigs.
• Overseeing Inventory Management using ERP systems of the company incl. ADP, SAP.
• Overseeing Planning and Forecasting for Equipment and Spares; includes product categorization, consumption, cost, availability and lead time analysis (ABC, FSN et al).
• Procurement of spares and consumables from OEMs/ from global suppliers based on the new and pre-exiting distributorship agreements.
• Negotiating Price, Lead time and Payment terms with suppliers; with no compromise on Quality of Product.
• Vendor development and management – For bulk supply as well as for emergency supply.
• Warehouse Management; includes Warehouse designing, Planning and Forecasting of stock and non-stock items, Inventory Management.
• Financial Budgeting; includes Annual forecast and planning of the consumables, CAPEX and OPEX items.
• Stock Management – Daily Perpetual Inventory count, Binning, Categorization.
• Inventory Control – Reducing the obsolete inventory by putting controls to avoid order duplication and ensuring the parts supersessions are updated.
• Vendor development for Local supplies for stocking daily use/ high consumption items.
• Crisis Management – Machine down conditions. Budgeting on Petty cash and Keeping the Local vendors in agreement for supply from Production or Emergency Stock.
• Planning and Forecasting for Stock replenishments and stocking of critical items.
• Designing & generating weekly & monthly statistical forecast reports.
• Continuously improving forecasting techniques, method, & approach.
• Relating & measuring the impact of forecast accuracy.
• Evolving & maintaining documentation and standard operating procedures for demand planning processes and systems.
• Conduct current & future forecasting analysis, ensuring forecasting processes and methods are followed.
• Make recommended adjustments to forecast and inventory targets based on changes in demand & market trends.
• Lead forecast and inventory planning meetings with Marketing Managers, reviewing recommended sales forecasts and inventory goals (emphasis on brand transitions, new products introduction & promotions. Manage inventory targets (including safety stock levels) that are approved by management.
• Prepare, report & communicate forecast and inventory measurements to management (forecast accuracy, inventory plan vs. targets). Monitor SKU levels & recommend SKU rationalization initiatives in the future.
• Proactively facilitating, re-engineering, best practices & consensus between functional experts. (Demand planning, Inventory planning, Purchasing, Sales & Marketing, Operations, Finance).
• Monthly MIS.
• Maintain & coordinate communication with principals.