Inventory Planner

Incora•West Chester, PA

About The Position

Incora is seeking an exceptional Inventory Planner to join their team. As a leading supply chain solutions business in the aerospace industry, Incora focuses on its customers. The Inventory Planner will be responsible for managing chemical inventory to a dollar target, with decisions directly impacting purchase quantities and open-to-buy budgets. Chemical inventory is also managed according to specified contractual guidelines for designated accounts/customers. The role requires analytical skills to perform inventory management under the guidance of SIOP Management and Sr. Level Inventory Planners. The Inventory Planner is accountable for achieving Key Performance Metrics (KPIs) related to customer contracts and company financial targets, including Min/Max (MM) in-stock percentage, Inventory Turn, and Slow Moving Inventory. The company values courage, collaboration, commitment, and community.

Requirements

Bachelor’s degree in business administration, Economics, Supply Chain, Inventory Management and/or equivalent experience preferred
Demonstrated excellence in data and mathematical analysis
Strong verbal and written communication skills and ability to interact directly with internal customers and external customers
Strong follow-through and perseverance to handle multiple tasks simultaneously
Ability to adjust to changing priorities, multiple demands and crises
Strong analytical skills and demonstrate strength in attention to detail
Ability to be detailed oriented and perform in-depth research
Expert competency working with integrated data systems, Microsoft Office Suite, including Outlook and intermediate to advanced Word and Excel (i.e., spreadsheets, formulas, importing and exporting of files, as applicable) as required
2-5 years’ experience in inventory management including but not limited to: demand planning, MRP, forecasting, and sourcing
Proven experience and working knowledge of Just in Time (JIT) supply process
Proven ability to successfully engage in process improvement from plan development to implementation.
Strong Mathematical Skills, Problem Solving, Reasoning
Strong Excel Skills (Pivot Tables, Lookups, advanced formulas)
Time management
Able to multi-task and Prioritize
Customer focus
Independent, Driven and Action Oriented
Teamwork - Able to work cross functionally
Must be a "U.S. Person" as defined under ITAR regulations (U.S. Citizen, lawful permanent resident, or certain refugee/asylee status).

Nice To Haves

Knowledge of Oracle data systems a plus (JDE, SAP, etc)
APICS Certification preferred

Responsibilities

Manage chemical inventory to a dollar target.
Make decisions that directly impact purchase quantities and open-to-buy budgets.
Manage chemical inventory in accordance with specified contractual guidelines for designated accounts/customers.
Utilize analytical skills to perform in the inventory management role with guidance.
Attain all major Key Performance Metrics (KPI’s) related to the management of customer contracts and company financial targets (Min Max (MM) in-stock percentage, Inventory Turn, Slow Moving Inventory).
Achieve Inventory financial targets and support organizational financial goals and customer contract Key Performance Metrics (KPI’s) including Min/Max In-stock percentage (On-time Delivery) Goals, Inventory Turn and Minimizing Slow Moving inventory (SMI).
Support strong customer relationships through the management of contractual inventory requirements for chemicals.
Act on Customer Program forecasts/Metrics/Demand Trends autonomously.
Analyze and manage inventory levels at INCORA’s warehouses and/or Customer Onsite Warehouse locations reviewing stock to make sure it matches customer demand.
Identify trends and pertinent patterns of usage history and forecast.
Manage stagnant/ Slow moving inventory for accountability and actions needed.
Determine if product is available at different regional locations and create a cost/benefit analysis for stocking vs transferring goods.
Manage Inventory Shortages/ Exposure, Inventory Dollar Variance to Goals, Cost of Goods Sold to Receipt Variance, Delivery Planning (Purchase Order push in/ out), Excess/ Scrap Exposure.
Participate in Lean improvement events in conjunction with CI (Continuous Improvement) department to maximize the efficiency of planning tools.
Develop a just-in-time stocking and replenishment plan for customer contracted requirements to attain service level goals including Min / Max in stock %.
Interact closely with the customer and Program Management Team to understand production changes and forecasts to make appropriate adjustments to customer inventory plans.
Manage inventory turns through maintaining appropriate Min/Max inventory levels to optimize inventory carrying costs.
Conduct Economic reorder quantity analysis as part of Min / Max level review process.
Identify materials that are on back order due to inventory shortages (Supply chain Exposure) that impact the customer production schedule and develop mitigation solutions.
Identify Sites that are in variance to Inventory $ Goal and develop recovery plans.
Effectively manage and reduce levels of surplus and stagnant inventory through review of Slow Moving & Expiring materials reports.
Interact with Supply Chain, including but not limited to the Purchasing, Procurement, and Material Support Teams, to streamline supply chain, reduce cycle time, and develop a shared understanding for supply chain opportunities and constraints.
Develop and manage ad-hoc inventory management related projects.
Attend customer or company-sponsored meetings and/or training, as required.
Develop and maintain strong knowledge of Incora products, services, quality requirements, customer plans and specifications.
Other duties as assigned.