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Regional Working Capital Inventory Analyst

National Oilwell Varco

Regional Working Capital Inventory Analyst

Salary Not Specified

National Oilwell Varco, Aberdeen

  • Full time
  • Permanent
  • Onsite working

Posted 3 weeks ago, 23 Aug | Get your application in now before you miss out!

Closing date: Closing date not specified

job Ref: d26e3531edf74852912884fe33e7ec48

Full Job Description

  • Perform 12 block segmentation analysis to categorize and assess inventory.

  • Generate and review cancellation reports to identify and address inventory discrepancies.

  • Maintain the NIMD - Transactional Health Scorecard to monitor and report on inventory health.

  • Oversee NIMD - Inventory Relocation to optimize inventory distribution and availability.

  • Develop and track key inventory metrics to ensure efficient inventory management and lower inventory levels.

  • Conduct Work In Progress (WIP) aging reviews to identify and mitigate potential delays and obsolescence.

  • Provide monthly analysis of inventory health, highlighting key issues and trends.

  • Prepare comprehensive monthly and quarterly summaries focused on inventory impacts and actions related to raw materials (RM), finished goods (FG), work in progress (WIP), gross inventory, and net inventory.

  • Facilitate 10 to 12 reduction exercises annually to minimize WC inventory levels.

  • Support Demand-Driven Operating Model (DDOM) initiatives to align inventory with business needs and reduce excess.

  • Review redeployment opportunities with various locations and push them to move items, ensuring optimal utilization of inventory across the organization.

  • Collaborate with cross-functional teams to implement inventory strategies and improvements.

  • Assist in other activities aimed at drawing down the WC inventory, ensuring alignment with overall business objectives.

  • Travel as and when required.

  • Ensure all company policies surrounding purchasing, health & safety, quality requirements and housekeeping are met.

  • Fully accountable for achieving all relevant KPIs.

  • Any other duties that may be required from time to time commensurate with the grade of the job.

    Bachelor's degree in a quantitative field such as Statistics, Mathematics, Computer Science, or related fields.

  • 5+ years of relevant experience is preferred in lieu of degree.

  • Experience in coordinating and managing projects related to inventory management and data cleanup.

  • Experience in managing inventory relocation and optimizing inventory distribution.

  • Experience in conducting WIP aging reviews and inventory health assessments.

  • Advanced knowledge of ERP Systems.

  • Advanced skills in Microsoft Office Suite and particularly Excel and Power Point.

  • Familiarity with some data visualization tools such as PowerBI, Tableau, Incorta, Cognos in an administrative capacity.

  • Proficiency in segmentation analysis and generating detailed reports.

  • Proficiency in preparing and presenting detailed monthly and quarterly inventory reports., Proficiency in inventory management software and tools.

  • Proficiency in Microsoft Excel and other relevant data analysis tools.

  • Strong problem-solving abilities to identify and address inventory-related issues.

  • Strong organizational and time management abilities. Self-motivated.

  • Must be able to work under pressure to achieve deadlines.

  • Attention to detail and a commitment to quality.

  • Ability to facilitate inventory reduction exercises and support DDOM initiatives.

  • Must be willing to provide colleagues with the information they need to complete their tasks and eliminate roadblocks (Informing Others).

  • Must be capable of managing multiple priorities and projects at the same time.

  • Superior interpersonal and communication skills.

  • Excellent verbal and written communication skills

  • Ability to collaborate effectively with cross-functional teams and various locations.

  • Must be confident and professional when representing the company in person and in writing.

  • Ability to meet or exceed standards as established by the department.

  • Ability to adapt and be cross-trained to learn all job duties.

  • Must be flexible to travel 10-20% of the time.