-
Workout short and long terms plan for inventory reduction/optimization.
-
Carry out amalgamation of materials within the blocks.
-
Identification of slow moving and obsolete items.
-
Develop utilization plan for slow moving and project leftover materials.
-
Coordinate with QA/QC team for inspection of slow moving materials and identification of materials not fit for use.
-
Work out materials preservation procedure based on OEM recommendation.
-
Carry out annual review on materials preservation status and execute materials preservation project.
-
Continuously review min/max of materials to ensure optimum level is always marinated.
-
Review and monitor inventory KPIs and ensure optimum level of turnover ratio is maintained.
-
Develop annual forecast plan for all materials i.e. drilling, completion, MROs, projects, etc.
-
Analyze new stock entry requirements based on operational criticality.
-
Maintain logbook for all new stock entry requirements.
-
Review replenishment report and ensure ordering only needed materials.
-
Review direct charge orders prior issuance of PO for availability in project left over materials & Inventory.
-
Ensure consistency of materials specifications across all blocks.
-
Develop MSA for all stock materials.
-
Work out with the proponent to develop a list for MSA for direct charge materials.
-
Work out with procurement & expediting team to ensure materials availability all the time.
-
Coordinate with the proponent to highlight slow and project leftover materials.
-
Work to continuously improves Inventory control, reduce inventory value, reduce operating costs, cataloging, introduce bar coding system etc.
-
Applies best practices in Warehousing, Stores, Stock and Inventory Management.
-
Revalidate materials criticality classification with the proponent.
-
Enhance materials specifications in the ERP system.
-
Work out with the proponent and procurement team for exploring alternative suppliers for single source types of materials.
-
Develop SLA with the proponents and ensure maintain high level of SLA.
-
Coordinate with CE for consignment stock materials prior acceptance to be in inventory.
-
Review the min – max level of inventory on regular basis and ensure adequate levels are maintained all time.
-
Initiate and action the process of write-off items from inventory and chasing the concern department until the end of the process.
-
Review high value user demand such as Line Pipes, Valves & Fittings and propose possible alternate items available in stock.
-
Collect and analyze data to determine appropriate order quantities.
-
Prepare weekly, monthly and annual reports with detailed analysis.