Data Analytics Intern (Inventory Optimization)

Are you passionate about data analytics and eager to make a real impact? Join the Inventory Planning (IP) team at PSA Singapore, where you'll be at the forefront of managing and optimizing the inventory of spare parts essential for maintaining our state-of-the-art container handling equipment.

 

• Monitoring inventory balances and usage patterns of spare parts

• Planning for the demand and supply of spare parts

• Optimizing inventory levels to balance cost, space, and availability

 

The IP team aims to minimize inventory holding value while ensuring high service levels and inventory availability for the Engineering department. We leverage data analytics to gain insights into inventory management by analyzing parameters like movement, commodity type, age, turnover rate, and supported equipment fleet. These insights guide our purchasing and disposal decisions, helping us reduce inventory holding value through tailored purchase strategies.

 

• Immerse yourself in the IP team's various work processes to understand the different nature of stock items and develop relationships among these parameters.

• Propose innovative solutions to automate tasks, enhance productivity, and streamline workflows.

• Develop data-driven solutions to support and improve decision-making. Formulate purchase strategies to reduce inventory holding value, focusing on:

>> Demand planning and forecast

>> Supply planning and forecast (purchase cycle, frequency, quantity, etc.)

>> Stock holding levels

 

• Develop inventory demand prediction and forecast models

• Create models to predict inventory purchase cycles, frequency, and quantities

• Verify and improve model accuracy

• Develop visualization dashboard from model output, for quick decision making

 

• Acquire comprehensive knowledge of supply chain management, including demand and supply planning, inventory management, and warehouse operations.

• Engage with real-world complex data and develop skills to analyze large data sets from the Hive data warehouse.

• Master and implement cutting-edge digital and process automation tools such as UiPath, Power Automate, Power Apps, Power BI dashboards, Python for data analytics etc.

 

Join us to gain hands-on experience in a fast-paced environment, enhance your skillsets, and make a tangible impact on our inventory management processes. This is an exciting opportunity to work with a dynamic team and develop skills that are highly valued in today's data-driven world. Apply now and be part of the IP team's success story!

 

Requirements:

• Currently pursuing a Degree