Team Member - Inventory Control Finance

Cipla Limited

Not Disclosed
1 Opening(s)
Posted 1 day ago
Fresher Job
Application endsJul 21, 2025

Job Description

Prepare and circulate various MIS, support MOR review and adhoc analysis as required

• Prepare and circulate Monthly slow-moving MIS, Export FG near expiry, Consumption v/s Receipts.

• Prepare presentations on slow-moving RMPM inventory, Export FG inventory, Covid Portfolio, High value inventory coverage analysis for monthly operational review (MOR) with Global Supply chain head.

• Drive Governance through Dashboards as far as possible to reduce man hours.

Key Accountabilities (3/6)

Validate disposal proposals, monitor disposal progress and outstanding receivables.

• Evaluate all disposal proposal and liaison with procurement to get better rate and generate revenue and minimize CoPE.

• Prepare and circulate weekly MIS on pending disposal status and driving governance meeting with planning and procurement for early disposal action.

• Review outstanding receivables due to disposal sale and follow up with stake holders for timely collection / accounts clearing.

Evaluate high value purchase requisitions and assist team lead in releasing PR in SAP

• Evaluate purchase requisitions basis business demand, stock in hand and open purchase orders.

• Validate data source of purchase requisitions raised for strategic buy / supply disruption etc

Key Accountabilities (4/6)

Continuously evaluate existing process, propose process simplification and automation, and drive its implementation

• Evaluate existing process, propose simplification / automation initiatives and align with respective stakeholders for implementation.

• Coordinate with IT team on automation design and ensure proper financial controls are in place.

• Act as Finance partner for various IT and SCM automation projects (Slow Moving, FG etc).

Key Accountabilities (5/6)

Monitor India RMPM COPE and discussions across CFT for reduction of same

• Participate and have regular discussion with CFT for reduction of India RMPM COPE

• Preparation and analysis of COPE so as to ensure reduction in cost control.

Key Accountabilities (6/6)

Monitor Export Freight and preparation of MIS

• Discussions with CFT to check Air Sea Mix and have regular discussions with Planners to track Export Freight and thereby ensuring reduction in overall Air freight cost

• Prepare necessary MIS to track and monitor Export Freight.

Major Challenges

• Dealing with multiple stakeholders of Supply Chain function across Cipla.

Overcome by: Conducting regular meetings, regular monitoring of the action plan and follow ups providing timely reports/regular follow ups/in-person meeting.

• High volume disposal transactions and ensuring physical dispatch before quotation / inventory expiry.

Overcome by – Prioritising high value items, sending regular update and continuous follow up.

Key Interactions (1/2)

• Cluster heads, Unit planners, Unit Stores.

• Business Unit, Procurement & planning team for Inventory optimization

• SAP, IT teams (need-based) for IT development of SCM and simplification projects.

• SCC Team Members

Key Interactions (2/2)

• External Consultants (Addressing need-based Data-related, SAP-related queries)

• Statutory Auditor.

Dimensions (1/2)

• Monitor Slow moving RMPM inventory worth INR 300 Cr across India

• FG inventory for export BU worth 250- 300 Cr

• Processing ~150-200 Disposal transaction amounting to ~43-50 Cr.

• Approval of PR > 1 Cr - ~ 450 PR.

• Controlling RMPM inventory lying at 150 locations.

• Controlling India RMPM COPE(Cost of Poor Execution/Inventory wastage)

• Monitor Air Sea Mix and keep a close check on Export Freight Cost

Industries:Capital Markets, Computer Software, Financial Services

Job Skills

Job Overview

Date Posted
June 06, 2025
Location
Mumbai, Maharashtra
Offered Salary

Not disclosed

Expiration date
July 21, 2025
Experience
0 To 3 Years
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