Key Responsibilities
Material Requirement Planning (MRP)
Demand Forecasting: Analyzing sales orders and production schedules to predict exactly what raw materials are needed.
BOM Management: Reviewing the Bill of Materials (BOM) to ensure every nut, bolt, and liter of oil is accounted for before production starts.
Lead Time Management: Tracking how long it takes for a vendor to deliver and planning orders so they arrive just in time.
Inventory & Cost Control
Stock Optimization: Ensuring the company doesn't tie up too much cash in excess stock (Inventory carrying cost).
Shortage Prevention: Identifying critical items that are running low and expediting their purchase to prevent a line stop.
Ageing Analysis: Monitoring slow-moving or near-expiry materials to ensure they are used or liquidated.
Coordination & Reporting
Cross-Functional Link: Acting as the middleman between the Production team (who uses the material) and the Purchase team (who buys the material).
MIS Reporting: Preparing reports on inventory variance, supplier performance (on-time delivery), and procurement costs.