
Team Member - Inventory Control Finance
Cipla Limited
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
Location
Offered Salary
Not disclosed
Expiration date
Experience
