Supply Chain Specialist

Description of job position

• Collaborate with suppliers to ensure timely and accurate procurement of raw materials, components, and finished goods.
• Negotiate pricing, terms, and contracts with suppliers to optimize cost and quality.
• Monitor supplier performance and address any issues related to delivery, quality, or compliance.
• Maintain optimal inventory levels to meet demand while minimizing carrying costs and stockouts.
• Implement inventory control strategies such as ABC analysis, safety stock calculations, and reorder point optimization.
• Regularly review and adjust inventory parameters based on demand patterns and market trends.
• Utilize historical data, market trends, and customer insights to develop accurate demand forecasts.
• Collaborate with sales and marketing teams to incorporate promotional activities, new product launches, and market changes into forecasting models.
• Continuously improve forecasting accuracy through data analysis and model refinement.
• Coordinate the transportation and distribution of goods to ensure timely delivery to customers and distribution centers.
• Collaborate with logistics partners to optimize freight costs, routing, and mode of transportation.
• Monitor shipment status and resolve any issues related to delays, damages, or discrepancies.
• Identify inefficiencies in the supply chain process and develop strategies to streamline operations and reduce costs.
• Implement best practices and continuous improvement initiatives to enhance overall supply chain performance.
• Analyze key performance indicators (KPIs) to assess the effectiveness of supply chain operations and identify areas for improvement.
• Work closely with cross-functional teams, including manufacturing, sales, finance, and quality assurance, to ensure alignment of supply chain activities with organizational goals.
• Communicate effectively to ensure all stakeholders are informed of supply chain status, potential disruptions, and mitigation strategies.
• Ensure compliance with relevant regulations and industry standards related to procurement, transportation, and inventory management.
• Identify and mitigate supply chain risks, such as disruptions in supply, geopolitical factors, and environmental considerations.