Inventory Control & Cycle Counting Executive - Finance & Accounts

Enpro Industries Pvt Ltd; Pune District; On-site; INR 900,000 - 1,200,000; Full time

Job summary

Enpro Industries Pvt Ltd seeks an Executive to build and run a perpetual inventory counting program based on ABC classification using SAP S/4HANA MM/IM/EWM. You will drive count frequencies, root-cause analyses, and cross‑functional corrective actions with Stores, Production, Procurement, Planning, and Finance.

You will define and publish counting indicators, maintain calendars per plant, and ensure audit-ready documentation and control integrity across locations.

Qualifications

• Bachelor's degree in commerce with functional knowledge in inventory controls.
• Experience in cycle counting and ABC-based counting within SAP environments.
• Exposure to audit trails, SOX/SoD concepts, and control documentation.

Responsibilities

• Define and maintain ABC classification rules and cycle counting indicators in SAP.
• Publish count frequencies (A monthly, B quarterly, C semi-annual/annual) with Finance.
• Maintain perpetual counting calendar per plant/storage location and bin.
• Create and monitor physical/cycle count documents (MI01/MI31, etc.).
• Post differences with proper reason codes and approvals; ensure data integrity.
• Drive bin-level accuracy in WM/EWM; manage blocks/unblocks during counts.
• Reconcile MB5B/MB52 variances with FI-GL and movement type analysis.
• Implement SoD-compliant processes; draft SOPs and control matrices.
• Conduct self-assessments and audits; support end-to-end documentation.
• Publish dashboards on accuracy, count completion vs plan, write-offs, lead time.

Skills

ABC analysis & policy setup

Data analysis

SoD & controls

Manufacturing domain knowledge

Communication & training

Education

Bachelor’s degree in commerce

MBA/PGDM (Ops/Supply Chain) is an advantage

Tools

SAP S/4HANA MM/IM/WM/EWM

Excel

Power BI

Job description

As an Executive, you will build, execute, and continuously improve a perpetual (cycle) inventory counting program based on ABC classification to ensure >99% inventory accuracy, minimal stock variances, and audit-ready controls across plants and storage locations in SAP (S/4HANA/MM/EWM). The role drives risk-based counting frequencies, root-cause analysis of discrepancies, and cross-functional corrective actions with Stores, Production, Procurement, Planning, and Finance.
Key Responsibilities:
A. ABC Analysis & Policy Setup
- Define and maintain ABC classification rules (consumption value, criticality, lead time, shrinkage risk) and update cycle counting indicators in SAP material masters (e.g., MM02 → Plant data/Stor. 2 → Cycle counting indicator ).
- Determine and publish count frequencies (e.g., A = monthly; B = quarterly; C = semi‑annual/annual) and align with Finance for control requirements.
- Maintain the perpetual counting calendar per plant/storage location/bin; coordinate with Operations to avoid production disruptions.
B. SAP Process Execution (MM/IM/WM/EWM)
- Create, schedule, and monitor physical/cycle count documents (e.g., MI01/MI31, MI04, MI07, MI20, MI21; and EWM cycle counting tasks).
- Ensure count sheet issuance, blind counts, and timely posting of differences with correct reason codes and approvals.
- Drive bin-level accuracy in WM/EWM (HU/bin corrections, RTS, stock type, quant updates).
- Manage block/unblock controls during counts to prevent movements and ensure data integrity.
- Reconcile MB5B/MB52 variances with FI-GL and movement type analysis (e.g., 101/261/309/311 corrections).
C. Controls, Compliance & Audit Readiness
- Implement SoD-compliant processes: separation between counters, posters, and approvers; maintain count logs and evidence trails.
- Draft and maintain SOPs, WI, and Control Matrices for internal/external audit; ensure adherence to cycle counting policy.
- Conduct periodic self-assessments, walkthroughs, and support statutory/internal audits with end‑to‑end documentation.
D. Analytics, Root Cause & Continuous Improvement
- Analyse variance trends by material/plant/storage type/vendor; perform Pareto and 5-Why / Fishbone analysis.
- Drive corrective & preventive actions (CAPA): master data fixes (UoM, rounding, BOM accuracy), process changes (backflushing, staging, returns), training.
- Track supplier and internal quality impacts on inventory accuracy; collaborate with QA for NC/CAPA closures.
- Publish dashboards and MIS: accuracy %, count completion vs plan, write‑off/write‑back values, and lead time to closure.
E. Cross‑Functional Collaboration
- Work with Production/Planning on count windows, with Procurement on supplier discrepancies, with Logistics/Stores on bin discipline, and with Finance on valuation impacts.
- Train storekeepers and shop-floor teams on counting standards (blind count, recounts, tolerances) and SAP transactions.

Required Skills & Competencies:

• - SAP S/4HANA (MM/IM; exposure to WM or EWM preferred): material master, physical inventory, cycle counting, bins/HUs, movement types, document flow.
• - Strong data analysis: Excel/Power Query/Power BI; variance analytics, trend & Pareto, reconciliation.
• - Internal controls mindset: SoD, audit trails, evidence, approvals, and documentation rigour.
• - Manufacturing domain knowledge: BOMs, backflushing, subcontracting, consignment, returns, rework/scrap.
• - Excellent communication, stakeholder management, and training skills.
• - Problem‑solving (5-Why, Ishikawa), lean/continuous improvement orientation.
• - High ownership & integrity, detail orientation, calm under time pressure, bias for data and evidence, collaborative yet assertive.

Qualifications & Experience:

• - Bachelor’s degree in commerce; MBA/PGDM (Ops/Supply Chain) is an advantage.
• - 4–6 years of hands‑on experience in inventory control/cycle counting in a manufacturing setup.
• - Demonstrated experience running perpetual inventory and ABC-based cycle counting in SAP.
• - Exposure to using digital tools like mobile-based applications for taking inventory count would be an added advantage.