Responsibilities:
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Collect, process, and analyze forecast, cost and ordering data from multiple sources including ERP systems
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Conduct detailed cost analysis across suppliers and components
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Identify cost variances and investigate root causes
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Develop cost models to support pricing decisions and profitability analysis
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Develop and maintain dashboards and reports to track key performance indicators (KPIs)
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Conduct thorough market research to stay updated on industry trends, pricing, and supplier capabilities
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Collaborate with cross-functional teams to identify and prioritize sourcing requirements for new product development projects
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Work closely with the forecasting team to plan and forecast material requirements based on demand projections
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Coordinate with suppliers to ensure timely delivery of materials, monitoring and expediting orders as necessary
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Implement effective inventory management strategies to optimize stock levels and minimize excess or obsolete materials
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Monitor supplier performance, track key performance indicators (KPIs), and implement improvement initiatives when necessary
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Stay informed about relevant regulations, certifications, and industry standards related to sourcing and material planning
Requirements:
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Bachelor’s degree in Engineering, Supply Chain Management, Business Administration, Data Science, Statistics, or a related field (A master’s degree is a plus)
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Proven experience in order or material planning, preferably in a manufacturing or production environment
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Excellent analytical and problem-solving abilities, with the ability to make data-driven decisions
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Strong understanding of supply chain concepts, inventory management, and production planning
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Familiarity with ERP systems (SAP and Oracle are preferred) and other supply chain software tools
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Exceptional communication and interpersonal skills, with the ability to build and maintain relationships with internal stakeholders
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Ability to work independently, manage multiple priorities, and meet deadlines in a fast-paced environment
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Strong attention to detail and organizational skills