Inventory Analyst

What’s the purpose

The role reports to CP Lead Production and Maintenance , and also the Inventory Analyst utilizes Inventory Management expertise, experience, and advanced modelling solutions to optimize non-hydrocarbon inventory levels (“spares”), initiates investment recovery on surplus material and ensures inventory valuation is up to date and correct as per group and local accounting requirements.

The role provides detailed analytics and supports the Supply Chain (SC) team to create and implement solutions to continuously improve inventory levels via scenario planning, appropriate replenishment strategies and inventory planning parameters.

As Inventory Analyst, you will be responsible for the following duties:

  • Optimizes inventory (across sites) by discussing expected demand with Functions, reviewing and identifying dormant, blocked, excessive & obsolete inventory as well as historical usage

  • Coordinates annually with local site/Operating Unit Finance to obtain write-off budgets/provisions to sustain inventory optimization efforts.

  • Reviews new stock addition proposals based on projected business demand and historical consumption analysis where such historical consumption is available

  • Ensures appropriate financial categorizations and financial treatment of stock holdings is applied as per approved Group Financial Reporting Manual (GFRM) guidelines to all new stock holdings

  • Regularly (at least annually) reviews supply mode (stock vs. non-stock) and replenishment methods (e.g. reorder points, lot size based etc), using appropriate tools (IOTA, SAP etc) based on analysis of future demand and historical consumption. Identifies and discusses potential items for de-stocking as part of optimizing inventory.

  • Performs Materials Replenishment Planning (MRP), as per site/Operating Unit (OU) agreed frequency and initiates replenishment based on known demand and historical consumption (e.g. by raising Purchase Requisitions in ERP system (e.g. SAP)) using appropriate tools and standard

  • Performs detailed analyses on inventory data quality for both Shell and Vendor managed inventory to be able to highlight and initiate improvement actions when required

  • Executes together with local Finance the process to valuate stock and ingoing and outgoing materiel at the right amount with adequate underpinning documentation.

  • Manages stock check discrepancies with Supply Base/Warehouse Lead and Finance

  • Acts as focal point to seek approvals for investment recovery of scrap/surplus materials

  • Reviews outstanding material reservations and initiates the expediting of outstanding Purchase Orders as necessary with Material Expeditors

  • Monitors the timely return of materials (and the financial completion) from the repair/warranty/rental process to prevent stock out or preventable costs

  • Reviews, approves or rejects goods returns of existing stock materials, to ensure the quantities are acceptable and will not create an unjustified excess stock position. Proposes options for further handling of rejected goods returns. 

  • Forecasts and manages the medium- and short-term Warehouse & Yard capacity together with the Integrated Supply Planner and Supply Base/Warehouse Lead

  • Accountable for inventory right sizing KPIs (e.g. excess inventory, obsolete inventory, slow moving/dormant inventory, etc.)

  • Analyses and uses inventory and MM process metrics (e.g. Materials on Time, materials added after Work Order release, walk-up frequency, etc.) to identify areas of poor performance and drive continuous improvement specifically for inventory materials.

Requirements

What we need from you

  • Must have legal authorization to work in the Port of Spain on a full-time basis for anyone other than current employer.

  • Candidate must have minimum 5 (five) years working experience in Materials Management, Logistics or Supply Chain Management, preferably in an expediting, Logistics or Materials planning role

  • Diploma level is desirable or degree in Supply Chain, or any equivalent field is preferred

  • Understand and apply use of analytics and process indicators to drive continuous improvement.

  • Strong continuous improvement mindset

  • Able to work collaboratively with multiple internal and external stakeholders across the business and influence without authority

  • Knowledge of materials and services within the Oil and Gas or Petrochemical industry

  • Understand and able to execute key inventory management activities, including planning and replenishment, demand management and forecasting, lead-times analysis, reduction options, stock proposals, identification of surplus stock etc.

  • Understand the E2E process from requesting materials to final disposal and the effects of not being able to supply materials on time, the type of costs associated with having materials on stock and having to preserve and discard them when not used (balance service levels with cost for holding inventory)

  • Able to plan and analyses inventory with ERP system (e.g. SAP IM/MM Modules or Maximo) and use of Asset reporting tools

  • Understand the meaning of data relating to materials, expected usage of materials and related financial data in the ERP system

  • Understand the data flow and principles for financial accounting of the inventory (effect of adding and removing stock for OPEX budgets, impact on working capital and associated valuation rules)

  • Able to manage and analyze significant amounts of data

  • Understand and apply use of analytics and process indicators to drive continuous improvement.

  • Able to understand the customers organization and business targets and translate them into SC goals

  • Highly driven ‘can-do’ attitude

  • Be an effective and clear communicator able to manage conflicts in a sensible, fair and efficient manner

  • Create an open environment that encourages people to work together to solve problems and improve practices and services

  • Knowledge/certification in Lean/Six Sigma tools preferred

 

Date posted: 05-05-2022 | Application Deadline: not provided | Unposting: 24-05-2022 |The date is indicative from which no rights can be derived.|

Reference
VAC-7480
Employer
Shell
Hours
Employment Type
Salary and benefits
Salary and benefits info not provided.
Salary
Salary negotiable
Your Career Level
Early Career
Years Experience
Minimum of Five years'
Your Education Level
Diploma|in Supply Chain
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