Inventory Control Executive – FAMCO

Job description / Role

FAMCO (Al-Futtaim Auto & Machinery Co.) is a market leading supplier of products & services to a diverse range of industries & commercial undertakings covering the transportation, construction, manufacturing, warehousing, oil & gas and marine sectors. FAMCO serves these industries with world-class brands like Volvo Trucks, Volvo Buses, Volvo Construction Equipment, Merlo, Ingersoll Rand, Linde, Dexion, Yanmar, Himoinsa, Stanley Proto, Fenner, Bruynzeel, Mobel Linea, Meco, Bott, Stertil, Hart & Nassau.

FAMCO has operations in Dubai, Abu Dhabi, Al Ain & Ras Al Khaimah. The company's development and success has been based on an in-depth understanding of customer needs and the dedication of its skilled staff.

FAMCO is committed to providing outstanding second-to-none service levels to customers and to maintaining quality, safety and environmental standards at the highest possible levels. FAMCO is an ISO 9001:2008 & ISO 14001:2004 certified company.

This requirement is for our Parts Division, based in UAE and responsible for the products pertaining to OMATRA KSA, Lebanon (and subsequently Egypt).

These are responsibilities of the Parts Inventory Control Executive till the system is streamlined. After the processes are streamlined, the candidate will take the regular responsibilities of the Inventory Control Executive for the assigned products.

Key Responsibilities:
1) Generate the order proposals using the computer system and place orders on the principals.
2) Expedite supply of parts with the principals and with the logistics service providers to ensure timely deliveries.
3) Analyze the exception reports on critical stocks, lost sales, excess stocks etc. and take corrective action where necessary to improve availability and minimize stock obsolescence.
4) Control the freight costs by using cost-effective logistics services.
5) Provide technical support to the sales staff by resolving their queries and issues by interacting with the principals.
6) Create article master data, update purchase and selling prices in the computer system.

Accountabilities:
A. Inventory Control:
1) Compile and classify the parts inventory, prepare an action plan for reduction of aging stock along with the Product Manager and follow-up the execution of the plan.
2) Analyze the stocks in different locations and countries, set up action plan for redistribution of stock and follow up execution.
B. Stock Replenishment:
1) Assist the Product Manager in developing the setting up the Stock Replenishment System and in setting up the parameters in the system like Order Levels, Buffer Stocks, Lead Time, Order Frequency etc.
C. Purchasing:
1) Assist the Product Manager in compiling the parts that are being procured for vendors other than the principals, follow up with the sales staff to obtain competition price data, set up action plan to reduce and eliminate such purchases.
D. Marketing and Pricing:
1) Follow up with the sales team to obtain competition prices, compile the findings and advise Product Manager in formulating pricing strategy.
2) Assist the Product Manager in classification of parts for the purpose of setting up market related retail prices.
3) Monitor the retail selling prices, special net prices and application of customer discounts to ensure that they are in line with the company policy
E. Systems and Procedures:
1) Assist the Product Manager in setting up the systems and procedures in line with that followed in FAMCO UAE.
2) Guide the sales persons in monitoring the stocks that are ordered against customer requirements and set up reports to control them.
3) Support the implementation of IScala and SAP for parts processes as a interface between KSA, Lebanon (and subsequently Egypt) and UAE.

Requirements

Applicant should have more than 5 years experience in an automotive or heavy equipment parts business, preferably in the area of inventory management. He should hold a graduate degree in any discipline or diploma in engineering or equivalent.

About the Company

Established in the 1930's, the Al-Futtaim Group initially operated as a trading enterprise. Rapid development throughout the 1940's and 50's saw it establish itself regionally as an integrated commercial, industrial and services organisation, positioning itself one of the leading business houses in the lower Gulf region. Today, it operates collectively over 40 companies bearing the Al-Futtaim name, dominates many market segments in the UAE, and has expanded its sphere of operation to include Bahrain, Kuwait, Qatar, Oman and Egypt.

The Group comprises a diverse range of strategically positioned operating subsidiaries and associate companies, structured to give the Al-Futtaim Group the flexibility and versatility to keep ahead of local competition while keeping pace with the ever-evolving global business scenario. The Groups continued investment in world-class systems technology is clear evidence of its commitment to maintain leading edge performance and service delivery.

The success of the Al-Futtaim Group can be attributed to a business approach that combines the ability to change with the traditional values of integrity, service and social responsibility that define its core business philosophy. This, linked with the Groups belief in decentralisation, gives the heads of the operating companies a high degree of functional autonomy and authority, providing the Group with essential flexibility, and individual employees a clearly defined work culture and sense of responsibility.