Purpose of the Role
Auditing and checking the effectiveness of Material Management system in order to ensure accurate Inventory and consumption,Identifying and executing initiatives on Inventory reduction at the plant,Raising the relevant issues to concerned authorities through scheduled MIS Reporting and exception reports,Inventory Control & ReportingStrengthen Inventory Management process thru enhance the process and fulfill the best practices system in the entire Supply chain & other area.Job Responsibility
- Strategy and Development: End to end reconciliation of parts for real time production booking. Co-ordinate with warehouse team for physical verification of ABC category of parts at periodic intervals, to isolate stock mismatches and discrepancies. Conduct analysis of Non-moving and slow moving parts at regular intervals. Facilitate vendor stock audits. Co-ordinate the stock audits by external auditors. Co-ordinate with internal customers like Stores, Procurement, PPC, Manufacturing and Quality for Physical verification and action plan on auditors findings. Maintain Relevant Audit document. Reporting the audit results and proposed action plans to the concerned departments.
Key Result Areas Are Given Below
Ensuring timely stock taking.Analysis of stock variance & ensuring actions for necessary improvement.Validate stocks and implementation correctness of Stocks.Formalizing action plans for audit results.
- Finance Management: Ensure proper Inventory control to reduce the Inventory cost.
- Relationship development: Develop and maintain good relationship with the stakeholders to share the information for smooth flow of process and to achieve the target.
- People Management: Identify the areas for potential opportunity and recommend improvements for smooth processes and ensure to achieve the targets.
Stakeholder Profiles & Nature of Interactions
Internal
Material AuditDaily updates and review of functional activities & close the issue.FLGPlan & Conduct Physical verification for Auto material / bought out items across the plant thru E2E reconciliation as per Organization schedules.Indirect Store / CMS Store / Tools StorePlan & Conduct Physical verification for Non - Auto material across the plant thru Perpetual Inventory as perOrganization schedules.Auto MaterialIssue Resolution regarding Non- Moving material, Consumption gap, debit regarding shortage MASOP Items at Supplier end & other material issue.Manufacturing / PPCPlan & Conduct Physical verification for Finished Goods & WIP across the plant thru Perpetual Inventory Organization schedules.PPCTo control the discrepancy of WIP & update the consumption gaps of Auto material into the system.Technical CoordinationBOM related issues discussion for take the root cause & ensure the updating for the same into the system.VQAHighlighting & ensuring resolution of irregular system issue i.e. Rejection Materials Pending for Dispatch/Excise Invoice Creation, CF Booking issue and any wrong system entries.Finance / Share ServiceRaise & follow up for Debit issue in the Supplier account and Physical verification for Cash & Blank cheques.Medical ServicesPhysical Verification for Medicine at Hospital.Scrap yardPhysical Verification for calculation the lifting percentage at Scrap Yard, any specific material documentation & participation in the auction meeting.Internal AuditTo maintain required documentation as per Internal Auditors requirement.TTLIdentify the system concern and resolve the same thru the system correction.SecurityReview Manual In-warding, RGP & NRGP issue & roaster report.All Other Concern Dept.Strengthens Inventory Management process to Enhance process and fulfill System thru control & monitoring.
External
Statutory Auditors & Cost AuditorsCompliance of Statutory Audit & Cost Audit requirements.MASOP Suppliers Monitor & Ensure the MASOP material reconciliation at Vendor end and Liquidating & monitoring masop stock lying with vendors for more than 6 months.MASOP Suppliers RejectionMake audit check of Rejection percentage actually applied against agreement.Desired Candidate Profile
- Education : Diploma / Bachelor in Engineering.
- Relevant Experience: 9 -12 years.
- Experience working with Automotive industry.
- Experience in Material Auditing.
Skills & Competencies
- Excellent Communication Skills
- Process orientation
- Analytical Skills
- Interpersonal skills
- Auditing & Report writing skills.
