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Inventory Optimization Specialist

Job Id
Start Date
Nov 07, 2018
End Date
Nov 20, 2018
Compnay Name
Occidental Petroleum Corporation
Supply Chain
No of Position
Position Type
Job Type
Nationality Required
Education & Experience Required
Bachelor degree

Job Description

The Inventory Optimization Specialist will be responsible for analyzing of goods & materials by reviewing the inventory transactions in the MRP system, track and reconcile inventory, provide & update KPI reports, monitor customer orders to insure they are processed timely, and interact with various warehouse partners
The Inventory Optimization Specialist will also engage in various aspects of the inventory supply chain to insure accuracy. They will need to analyze data, troubleshoot problem areas, propose solutions, and help define processes to drive improvements and cost savings. 
The Inventory Optimization Specialist responsibilities include but not limited to:
  • 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.

Skills Required

Other Job Details

  • Bachelor’s Degree.
  • A minimum of 5 years’ experience in inventory optimization, demand planning, and materials amalgamation preferably in oil & gas or petrochemical industry.
  • Must have good knowledge in materials specification, inventory operational techniques and management.
  • Must possess an analytical thinking.
  • Excellent knowledge and understanding of drilling, completion, MROs and project materials.
  • Knowledge in QA/QC of materials.
  • Fluency in English and Arabic, both verbal and written.
  • Proficiency in multi-tasking, setting priorities and self-motivation, while still working as an effective team member.
  • Strong communication skills, expertise in Excel, superior time management skills and an affinity for details will be essential to fulfil the expectations for this position.
  • Knowledge of Oracle/SAP is preferred.