Inventory Planning & Forecasting Specialist

SYSMEX ASIA PACIFIC PTE. LTD.; Singapore; On-site; SGD 42,000 - 66,000; Full time

Job summary

SYSMEX ASIA PACIFIC PTE. LTD. is seeking an Inventory Specialist to manage spare parts stock, forecast demand, and coordinate with service engineers to ensure availability while minimizing costs.

You will develop inventory plans, monitor stock levels, manage vendor relations, and generate reports on inventory status and supplier performance. The role requires Excel proficiency and strong English communication.

Qualifications

• NITEC or Diploma in Supply Chain Management or related field.
• Minimum of 2 years’ relevant working experience.
• Proficient in Microsoft Excel.
• Strong oral and written communication skills in English.
• Demonstrates high standards of professionalism and integrity in conduct, communication and work practices.

Responsibilities

• Inventory management for spare parts to ensure availability while minimizing excess inventory and costs.
• Forecast spare parts demand based on usage patterns and forecasts.
• Manage supplier relationships and expedite shipments when needed.
• Analyze stock usage and generate reports on inventory status and supplier performance.
• Document processes and continuously improve inventory management procedures.
• Handle additional related responsibilities as assigned by supervisor.

Skills

Excel proficiency

English communication

Professionalism & integrity

Education

NITEC or Diploma in SCM

Tools

SAP

ERP systems

Job description

Key Job Purpose

• Responsible for managing the inventory of spare parts to ensure availability while minimizing excess inventory and associated costs
• Involves forecasting demand, managing supplier relationships, and optimizing inventory levels to support operational efficiency

Job Description

Inventory Management

• Develop and maintain inventory plans for spare parts to ensure optimal stock levels
• Monitor inventory levels and adjust reorder points and quantities based on usage patterns, historical data and estimated forecasts
• Manage transition between discontinued and replacement parts released via ECR/TB

Demand Forecasting

• Analyze historical usage data, equipment maintenance schedules, and operational requirements to forecast spare parts demand accurately
• Collaborate with service engineers to understand upcoming requirements and adjust inventory plans accordingly

Supplier Management and Order Processing

• Maintain strong relationships with suppliers to ensure timely delivery and quality of parts
• Track status of purchase order and expedite shipment when necessary
• Coordinate with supply chain and shared services on back orders to avoid operational disruptions and resolve any issues related to orders or deliveries

Data Analysis and Reporting

• Utilize inventory management systems and tools to track stock levels, order history and usage trends
• Generate reports on inventory status, demand forecasts and supplier performance

Documentation and Process Improvement

• Maintain accurate records and documentation related to inventory and procurement activities
• Continuously evaluate and improve inventory management processes and procedures
• Implement best practices for spare parts planning and inventory control to enhance efficiency and reduce waste

Any other additional related responsibilities and project as assigned by superior

Job Requirements

• NITEC or Diploma, or equivalent qualification in Supply Chain Management or a related field
• Minimum of 2 years’ relevant working experience
• Proficient in Microsoft Excel
• Strong oral and written communication skills in English
• Demonstrates high standards of professionalism and integrity in conduct, communication, and work practices

Additional Advantage

• Prior experience with ERP systems, particularly SAP, will be an added advantage but is not mandatory