Material Planning Specialist maintain and optimize inventories of the organization. Key duties includes setting inventory parameters, Purchase Order Management, preventing production delays and downtime, assessing Supplier capacity availability, maintaining stocks, and investigating supply chain issues.
Review and understand forecast demand, production plan and schedule. Assess supplier capacity to support the overall demand (Forecast & current demand).
Assess material parameters and safety stock requirements to support fluctuation on demand. Analyze MRP/EP output and perform appropriate action. Review Excess and Short stock of the assigned material. Utilization of the available ERP tool for advance planning to increase process efficiency.
Preparation and submission of the following reports: Shortage/Stock Out report – Daily, Material Supportability- Weekly/Monthly, Excess & Obsolete Assessment & disposition- Monthly, Purchase Forecast Analysis – Monthly after cut-off, Purchase Accuracy Analysis(Forecast vs Actual Receipts) – Monthly, Aging Planned Purchase Order/Purchase Requisition- Weekly, Aging Purchase Orders – Daily, and Other items as may instructed by the immediate manager and BU Head.