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