The Talent People x JSIT-PE

The Talent People is proud to partner with JSIT-PE, a government initiative aimed at strengthening Singapore’s Precision Engineering sector by addressing manpower challenges and fostering industry growth.

By applying for our job opportunities, you’re joining a strategic effort to enhance Singapore’s Precision Engineering landscape.

Job Description

The Senior Inventory Control Manager will collaborate closely with other teams and departments, oversee inventory planning, address discrepancies, and implement best practices to maintain a seamless flow of goods and exceptional inventory accuracy.

Essential Duties and Responsibilities:

• A people manager who will manage a team
• Analyze sales trends and forecast demand to optimize inventory levels
• Analyze weekly inventory trend (raw/wip/fg) movement by product groups
• Develop and implement inventory control procedures and policies
• Monitor inventory turnover rates and identify slow-moving or excess stock for resolution
• Weekly E&O reporting and mitigation
• Conduct regular inventory audits and reconcile discrepancies
• Utilize inventory management software to track stock levels, orders and returns
• Collaborate closely with the purchasing team to maintain optimal stock levels and minimize stockouts
• Resolve any inventory related issues or discrepancies promptly
• Continuously seek to improve processes and identify opportunities for efficiency gains
• Streamlined inventory management processes to reduce lead time
• Involved in supply chain flexibility and lead time reduction programs
• Drive implementation of VOI (Vendor Owned Inventory)
• Understands all VOI parameters, calculations and data feeds to accurately generate replenishment orders
• Develops reports to track all metrics and identify trends or issues that impact inventory levels
• Support program tasks as assigned

Knowledge, Skills and Abilities:

• In-depth knowledge of inventory management principles and best practices
• Strong analytical and problem-solving skills
• Strong ability to analyze data and trends
• Ability to adapt to changing circumstances and prioritize effectively
• Detail-oriented with a focus on accuracy
• Excellent communication and interpersonal abilities
• Ability to work effectively in a fast-paced and dynamic environment

Job Requirements:

• Degree in Business Administration, Supply Chain or Inventory Management
• At least 5 years of relevant experience in manufacturing industry
• Experience in the position of Planning, Procurement or Inventory Control.
• Experience with product design engineering and commodity management or priorities for raw material or component selection.
• Experience integrating the delivery schedule of materials into product program milestones.
• Working knowledge of Materials Requirements Planning (preferred SAP) and Bill of Material Structure tools (preferred Agile)
• Experience with Excel, Word, and PowerPoint.

The Talent People 24C2589