Material Planner

ITT, Inc.; Street; On-site; GBP 40,000 - 70,000; Full time

Job summary

An established industry player is seeking a skilled Inventory Manager to oversee inventory levels and ensure efficient product flow through the production cycle. In this pivotal role, you will manage supplier relations, optimize inventory accuracy, and implement processes to enhance operational efficiency. Your expertise in ERP systems and strong analytical skills will contribute to minimizing stock discrepancies and achieving production targets. Join a dynamic team committed to delivering innovative solutions and making a lasting impact in the industry.

Benefits

Health Insurance

Retirement Plan

Professional Development Opportunities

Flexible Working Hours

Qualifications

• 5+ years of experience in inventory management and supply chain.
• Strong knowledge of ERP systems and material planning processes.

Responsibilities

• Manage inventory levels to meet production requirements.
• Coordinate with suppliers to ensure timely material delivery.
• Implement continuous improvement initiatives in inventory management.

Skills

Inventory Management

Supplier Relations

Material Requirements Planning (MRP)

ERP Software

Communication Skills

Analytical Skills

Education

Bachelor of Engineering

Tools

ERP Systems

SAP

Excel

Job description

About ITT:

At ITT, we have a clear purpose as an organization – to provide our customers with cutting-edge solutions to help solve their most critical needs across key global end markets. Our continuous improvement mindset drives our commitment to evolving our capabilities as a multi-industrial technology, manufacturing and engineering leader. With a strong global footprint of more than 100 facilities, we are well positioned to solve critical challenges for our customers around the world. Our locations include manufacturing facilities and global service capabilities in 35 countries. Through these worldwide operations and building on our heritage of innovation, our approximately ~11,000 team members partner with our customers to deliver enduring solutions that make a lasting difference and help the world move forward. ITT is headquartered in Stamford, CT, with sales in approximately 125 countries. The company generated 2024 revenues of $3.6 billion.

• Motion Technologies: (Revenue of $1.4B; headcount of ~4,000; operates in 13 countries) manufactures brake components and specialized sealing solutions, shock absorbers and damping technologies primarily for the global automotive, truck and trailer, public bus and rail transportation markets.
• Industrial Process: (Revenue of $1.4B; headcount of ~3,400; operates in 30 countries) manufactures engineered fluid process equipment serving a diversified mix of customers in global industries such as chemical, energy, mining, and other industrial process markets and is a provider of plant optimization and efficiency solutions and aftermarket services and parts.
• Connect and Control Technologies: (Revenue of $0.8B; headcount of ~3,800; operates in 10 countries) manufactures harsh-environment connector solutions, critical energy absorption, flow control components, and composite materials for the aerospace and defense, general industrial, medical, and energy markets.

Position Summary

Manage inventory levels required to meet shipment and operations objectives through manufacturing or purchasing procurement. Plan, schedule, coordinate and/or monitor the flow of products through the complete production cycle.

Expedite with Suppliers and Manufacturing personnel as required to meet/exceed Customer Service requirements. Support warehouse during material segregation and other operational activities for all IP Models. Manage spare parts ordering, expediting & receiving to serve production targets for AM spares.

Essential Responsibilities

• Schedule the supply of materials/components to meet production requirements and minimum safety stock levels
• Plan, develop, implement and evaluate processes for material delivery from supplier to point of fit
• Assess volume requirements against planning assumptions
• Day-to-day order management and management of deliveries
• Understand and manage risks to minimise impact on production schedule
• Take follow up actions in relation to material shortages that affect production
• Implement all processes to agreed standards and targets and support continuous improvement initiatives and identify areas of improvement
• Utilise any Material Requirements Planning system (MRP) or IT system that is in place and ensure that data is accurate and up to date and resolve any issues as required
• Monitor the integrity of Bill of Materials (BOM) and manage inventory accuracy
• Monitor inventory levels against agreed target levels
• Support inventory checks to validate inventory accuracy
• Minimise obsolete stock and ensure business is left with minimum liability
• Create regular statistical reports and analysis and update others in the organisation
• Review daily order reports to identify product requirements:

Supplier open order report

Supplier salvage report

Supplier OTP report

• Realize savings report
• Create purchase orders
• Modify existing purchase orders
• Other activities as part of sourcing system for a wide range of mechanical parts
• Expedite deliveries
• Work with suppliers to balance capacity and requirements to satisfy OTP and inventory levels
• Execute ECN materials actions
• Manage and reconcile inventory discrepancies due to lost parts and supplier non-conformance issues
• Manage supplier/manufacturing stocking programs
• Backup co-workers as required due to vacation, illness etc.
• Identify safety stock revisions
• Assist supply chain with supplier relations by reviewing on a monthly basis
• Work with engineering, contracts and planner to develop safety stock levels to support project demand
• Communicate any delays caused by abnormal demand, salvage, scrap or late parts
• Prepare Regional expense report, Realized savings report, supplier performance report and supplier capacity evaluation report monthly
• Work with suppliers and manufacturing to establish priorities when bottlenecks exist. Requires making decisions on partial shipments, splitting machining lots and other possibilities to maximize customer service
• Secure and analyze quotations; negotiate price and terms with suppliers and recommend based on cost, quality and delivery.
• Coordinate as appropriate quality matters and engineering changes/developments between manufacturing operations and suppliers
• Initiate and facilitate problem-solving skills, implement solutions and track results.
• Identify, suggest and implement process improvements by taking own initiative and generate lean projects in purchasing department
• Establish, retain and maintain data integrity with the current running ERP system
• Cost reduction initiatives
• Resolve complex delivery, quality or other related problems with purchases
• Serve technical focal for special or high level audits & assessments of supplier’s systems, processes & products.

Position Requirements

EDUCATION: Bachelor of Engineering with minimum of 5Years of experience in relevant filedEXPERIENCE:

5 yearsOTHER SKILLS/KNOWLEDGE/EXPERIENCE:Managerial experiencepreferred

Excellent verbal and written communication skillsPC LiterateKnowledge of Goulds Pumps Products preferred

ERP & SAP software fluencies

Query processing ERP/Excel

Presentation skills & ability to manage multiple priorities

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