Cipla
Cipla | Team Member - Inventory Control Finance
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Job Highlights
Responsibilities
- Monitor Slow moving / Near Expiry RMPM Inventory in India and ensure liquidation plans are in place to minimize inventory write off.
- Coordinate with planning cluster and align slow moving inventory target for the year.
- Prepare and circulate slow moving MIS covering cluster wise actual slow moving vs target / LE comparison.
- Participate in periodic inventory performance review with respective cluster and ensure reason for slow-moving liquidation plan and timeline are available and updated in SAP.
- Prepare monthly slow-moving projections for 6 months and ensure liquidations plan are available and updated in SAP.
- Monitor Slow moving / Near Expiry FG Inventory in India for export market and ensure liquidation plans are in place to minimize inventory write off.
- Prepare and circulate monthly MIS on slow-moving / Near expiry inventory.
- Evaluate inventory provisions where liquidation plans are not available, align with business and communicate to costing team on monthly basis for inventory provision.
- Prepare and circulate various MIS, support MOR review and adhoc analysis as required.
- Prepare and circulate Monthly slow-moving MIS, Export FG near expiry, Consumption v/s Receipts.
- Prepare presentations on slow-moving RMPM inventory, Export FG inventory, Covid Portfolio, High value inventory coverage analysis for monthly operational review (MOR) with Global Supply chain head.
- Drive Governance through Dashboards as far as possible to reduce man hours.
- Validate disposal proposals, monitor disposal progress and outstanding receivables.
- Evaluate all disposal proposal and liaison with procurement to get better rate and generate revenue and minimize CoPE.
- Prepare and circulate weekly MIS on pending disposal status and driving governance meeting with planning and procurement for early disposal action.
- Review outstanding receivables due to disposal sale and follow up with stake holders for timely collection / accounts clearing.
- Evaluate high value purchase requisitions and assist team lead in releasing PR in SAP.
- Evaluate purchase requisitions basis business demand, stock in hand and open purchase orders.
- Validate data source of purchase requisitions raised for strategic buy / supply disruption etc.
- Evaluate existing process, propose simplification / automation initiatives and align with respective stakeholders for implementation.
- Coordinate with IT team on automation design and ensure proper financial controls are in place.
- Act as Finance partner for various IT and SCM automation projects (Slow Moving, FG etc).
- Monitor India RMPM COPE and discussions across CFT for reduction of same.
- Participate and have regular discussion with CFT for reduction of India RMPM COPE.
- Preparation and analysis of COPE so as to ensure reduction in cost control.
- Monitor Export Freight and preparation of MIS.
- Prepare necessary MIS to track and monitor Export Freight.
- Monitor Slow moving RMPM inventory worth INR 300 Cr across India.
- Controlling RMPM inventory lying at 150 locations.
- Controlling India RMPM COPE(Cost of Poor Execution/Inventory wastage).
- Monitor Air Sea Mix and keep a close check on Export Freight Cost.
Requirements
- Prioritising high value items, sending regular update and continuous follow up.
- Proficiency in Excel, Statistical Analysis software’s and PowerPoint.
About the company
Cipla Limited
Dr K.A. Hamied set up Cipla in 1935 with the goal of making medicines affordable and available to everyone who needed them. Based in Mumbai, with its registered office at Cipla House in Lower Parel, the company makes a broad range of generic medicines in many dosage forms, from tablets to inhalers, and has a long record in HIV/AIDS treatment. India, South Africa and the US are its key markets. Cipla's equity shares are listed on the BSE and the National Stock Exchange, and its global depository receipts on the Luxembourg Stock Exchange. Its plants in India include the Patalganga factory in Maharashtra, opened in 1984.
Cipla looks mainly for qualified Chartered Accountants for its finance teams in Mumbai (the Lower Parel head office and Vikhroli) and Bengaluru, though some roles accept an MBA (Finance) instead. The work covers plant-level factory finance and accounting, cluster finance management, FP&A (including planning for the manufacturing and quality functions) and group consolidation. CIMA, ACCA, CPA or a master's degree in finance or accounting are also accepted for some roles, and semi-qualified CAs are considered for others.
