Inventory Analyst
Alghanim Auto for Sale & Purchase of Cars S.P.C.
Total years of experience :11 years, 1 Months
• Utilize historical data, market trends, and business insights to forecast future demand for products. Collaborate closely with sales, marketing, to gather relevant information for accurate forecasting.
• Maintain optimal inventory levels to meet customer demand while minimizing excess stock. Develop inventory strategies to ensure product availability and reduce carrying costs.
• Managed and maintained supply plans based on demand forecasts and inventory targets. Coordinate with suppliers to ensure timely delivery of materials and components.
• Identify potential risks in the supply chain and develop mitigation strategies. Monitor external factors such as economic trends and regulatory changes that may impact supply chain operations.
• Analyze supply chain data and performance metrics to identify opportunities for improvement. Implement process enhancements and best practices to streamline operations and reduce lead times.
• Work closely with cross-functional teams including procurement, logistics, and finance to align supply chain activities with overall business goals. Engage in regular meetings and provide insights to support strategic decision-making.
• Utilize ERP systems and advanced Excel skills to analyze data and generate insights for decision-making.
• Ensure timely and accurate order fulfillment while maintaining customer satisfaction.
• Prepare reports on key supply chain metrics such as inventory turns, forecast accuracy, and supplier performance.
• Responsible for Procurement and Inventory management for multiple.
• Inventory management by formulating diferent classes (ABC, XYZ, FMS) and order planning which led to daily critical parts review.
• Monitoring lost sales and taking corrective actions to increase availability.
• Implemented efective ordering and stocking parameters to reduce non-moving parts value.
• Order proposals and place periodic stock orders based on past demand and projections.
• Comparing to competitors through product positioning analyses and ad-hoc studies.
• Supporting sales team to achieve targets by maintaining adequate stock.
• Assigned the tasks of maintaining proper record of inventory of items in warehouse and order as required.
• Continued analysis on inventory processes and following 5s activities in warehouse/ofice
• Assisting Parts Manager in pricing and market-related activities.
• Purchasing various brand of automotive spare parts genuine and aftermarket products from USA, Taiwan, Thailand, China, Malaysia, Japan, South Africa, Australia, UAE & KSA
• Forecast the market requirement and take the decision to keep stock in advance to fulfill the need for sales at retail, wholesale & export level.
• Analyze global product demand and plan to increase inventory stock to meet market demand.
• Manage relationships with suppliers to maintain the quality of goods, timely delivery, and compliance with the terms of contracts
• Liaise with Finance Department to ensure accurate and timely payment of shipment invoices to all suppliers.
• Implemented auto approval system in retail and critical parts demand pricing category in wholesale department for quick service and standard benchmark GP.
• Procuring heavy equipments spare parts for trucks.
• Coordinate with technical department to clarify technical / commercial queries from the customers, bidders / suppliers.
• Negotiate prices and terms with suppliers, vendors, and freight forwarders.
• Liaise with Finance department for on-time vendors payment.
Achievements:
• Enhanced inventory accuracy by 25% and optimized stock levels, leading to a 10% increase in stock turn eficiency and garnering praise for superior inventory planning and execution.
• Garnered recognition for MSRYB Kuwait as the premier automotive parts and batery purchaser in 2015, contributing to a 20% increase in supplier partnerships and a 15% reduction in procurement costs.