Inventory Manager
Allmach Pneumatic & Fluid Systems
08.2023 - Current
- Managing Inventory holding to maintain 95%+ fill rates while reducing excess stock holding by 500k+
- Managing and leading a team of 3 purchasing officers
- Reviewed established business practices and improved processes to reduce expenses.
- Formulated and implemented a SLOB strategy to identify and action slow moving Inventory
- Implemented SKU rationalisation and reduced the total active SKUs from 15k to 5k while maintaining DIFOTs over 94%
- Identified and wrote off dead inventory to increase GMROI per SKU
- Worked closely with the relevant stakeholders to devise a stocking strategy and built processes to automate the stocking criteria across FCs and DCs
- Built Reports and saved searches within the Netsuite ERP to accurately track Inventory KPIs
- Used softwares like PowerBI for reporting and building live dashboards to track key metrics
- Segregated and Classified 15000 SKUs by using Pareto analysis and built strategies based on Inventory classification and Velocity
- Improved the Inventory accuracy within Class A & Class B SKUs by organising cycle counts
- Identifying, investigating and solving Inventory discrepancies while performing Root cause analysis to eliminate errors upstream
- Managing supplier relationships, negotiating and signing off contracts with key overseas suppliers
- Analyzed inventory data to identify and address stock discrepancies.
- Integrated warehouse operations with existing and new business processes.
- Developed and implemented procurement policies and procedures to enhance compliance with company standards.
- Monitored and managed procurement budget to control costs.
- Reported on supply chain KPIs to verify compliance with established standards.
