Senior Parts Planning and Inventory Specialist

MAIN PURPOSE OF THE JOB

Senior Parts Planning and Inventory Specialist is responsible for overseeing the planning, ordering, and inventory management of spare parts to ensure optimal stock levels and smooth supply chain operations. This role involves advanced demand forecasting, and purchase contract preparation while mentoring Parts Planning and Inventory Specialist specialists and driving process improvements.

KEY DUTIES AND TASKS

• Develop and implement strategic parts planning processes to optimize stock availability and minimize costs.
• Conduct in-depth analysis of historical sales data, market trends, and seasonal fluctuations to forecast demand accurately.
• Lead the coordination with relevant parties to streamline the ordering process.
• Monitor supply chain disruptions and proactively address potential shortages or excess stock.
• Ensure effective inventory control strategies to maintain the right balance between demand and stock availability.
• Lead stock audits, identify discrepancies, and implement corrective actions.
• Develop and apply methodologies for slow-moving and obsolete parts management.
• Utilize data analytics to improve inventory turnover and reduce holding cost.
• Analyze historical sales data, market trends, and lead times to forecast parts demand.
• Develop and maintain an optimized parts ordering process to ensure availability while minimizing excess inventory.
• Maintain an efficient parts ordering system (HORIZON) and suggest improvements of the System.
• Manage order schedules with cross-functional teams.
• Monitor backorders and take proactive measures to mitigate shortages.
• Maintain optimal stock levels to support business operations and customer demand.
• Implement and monitor inventory control policies to prevent overstocking and obsolescence.
• Identify slow-moving and obsolete parts and propose action plans for their management.
• Prepare and manage purchase contracts, ensuring compliance with company policies.
• Collaborate with the legal and finance teams to ensure contract accuracy and alignment with business objectives.
• Generate regular reports on parts demand, inventory turnover, and supply chain performance.
• Provide insights and recommendations for process improvements.
• Support budget planning and cost optimization initiatives related to parts procurement.

REQUIRED SKILLS AND QUALIFICATIONS

• Bachelor's degree in Supply Chain Management, Business Administration, or a related field.
• Experience in spare parts planning & ordering.
• Analytical, business oriented mind-set.
• Strong negotiation, analytical, influencing and problem solving skills.
• Proactivity, ability to set priorities and motivate others.
• Team management capabilities, with a focus on mentorship and professional development.
• Languages: good knowledge of Russian and English languages. Uzbek preferable.
• Microsoft office advance user.