Inventory Analyst

Ford; Chennai District; On-site; INR 600,000 - 900,000; Full time

Job summary

Ford is seeking an Industrial Material Inventory Analyst to optimize material inventory across plants in India, ensuring compliance with Ford's inventory management and financial guidelines. The role acts as a key link between plant operations, engineering, purchasing, finance, and MP&L teams to drive efficiency, governance, and cost control.

This end-to-end role focuses on managing machine spares and consumables, driving inventory reductions, and enabling Just-in-Time operations through

Responsibilities

• Ensure plants operate with optimal inventory levels for machine spares and consumables, with zero production risk.
• Assess demand/consumption trends and align procurement orders and in-plant stocks with changing demand.
• Collaborate between plants on optimized purchase and reuse of industrial spares.
• Reduce overall industrial material inventory across plants to match budget.
• Utilize new tools to drive process efficiencies and innovation.
• Review stock replenishment triggers based on usage, lead time, pricing, safety stock, and order quantities.
• Prioritize and review back orders daily with respective teams.
• Regularly review critical and high-value items and coordinate with plant teams for replenishment.
• Govern item master changes and statuses as required.
• Obtain quotations from vendors; place initial orders to meet safety stock.
• Follow up on past-due orders and update requestors on shipments; expedite POs/RFQs.
• Support plant-to-plant transfer requests.
• Provide shipment status on open orders and adjust procurement requests to demand.
• Interact with plant managers to align material stock with requirements.

Job description

Job Summary

The Industrial Material Inventory Analyst is responsible for optimizing industrial material inventory across plants while ensuring compliance with Ford's inventory management and financial guidelines. The role serves as a key link between plant operations, engineering, purchasing, finance, and MP&L teams to drive inventory efficiency, governance, and cost control. This is a end to end role in Industrial material space.

Responsibilities

• Key Deliverables Ensure Plants operate with optimal level of Inventory for Machine spares & Consumables with Nil risk to production
• Assess Demand/Consumption trends and ensure procurement orders and In-plant stocks are in line with changing demand
• Drive for collaborative working between plants on optimized Purchase & reuse of IM Spares
• Drive reduction in Industrial Material Inventory in all Plants by achieve actuals in line with Budget
• Use New Age tools to drive process efficiencies & Innovation
• Ordering & Controls Review daily work chain for stock replenishment based on part usage, lead time, pricing, order on request, safety stock, pack qty, Minimum order quantity, etc
• Review Back Order request & RQ Mailbox on daily basis & prioritize with respective teams
• Daily review of Critical Items & High Value Items. Ensure the variance or reduction in Stock was getting clarified with Plant teams for Replenishment
• Govern the Items & make the changes as per the requirement from Plant like Delete W/U (Where Used), Master Catalog Control changes, Part Status Changes etc.
• Request quotation from Vendors / requestors for new parts & new programs. Place initial orders to full fill safety stock requirements
• Follow up with supplier on past due orders & amend Promise Date in line with Supplier response. Update requestors on shipment arrivals and Contact purchasing to expedite Purchase orders / RFQs/ Deliveries. Escalate & seek support on potential delays and enable compliance to plan
• Support Plant-to-Plant Transfer Requests
• Provide shipment status to plants on all open orders & amend the procurement requests based on changing demand
• Constantly Interact with Plant shop floor Managers to get the pulse of Material requirement and ensure Material stock and orders in pipeline are aligned to requirement

Inventory

• Efficiencies Work with plants to scrap / sell unused parts to 3rd party / Sell to alternate Ford plants to drive reduction in Inventory & save space
• Coordinate between Plants & Purchasing to drive common source procurement & support reduction in procurement costs, thereby Inventory
• Deliver Inventory actuals In line with Budget & support with any efficiencies that may be tasked

System

• Improvements Develop Excel Macro tools that track and monitor Industrial Material consumption/ demand trends and suggest procurement strategies that enables plants to operate Just in time
• Use New age tools (PEGA, Alteryx, R, Python, SQL etc..) to simplify processes and drive improvements/innovation through Predictive approach

Governance

• Report out Ensure Monthly Governance of all Inventory input variables and report out on key