Ferrara Candy CompanyManager, Obsolescence and Life Cycle Management
Oct. 2018 - Mar. 2022Greater Chicago Area Creator, owner, and manager the company’s annual obsolescence plan and the reforecasting of latest estimates quarterly to ensure the annual target is met
Manage the identification, reporting and mitigation activities for the inventory that is identified as excess
Ensure inventory lifecycle management of Raws, Packs, FGs and Semi’s during commercialization activities
Identify, communicate and mitigate inventory eligible for Temporary Price Reductions (TPRs) or Liquidation Sales
Owner of Obsolescence and Margin Loss expenses
Provider of regular status updates to management on adherence to the obsolescence plan, risks, and options/tradeoffs/recommendations to minimize the impact
Provides early identification of “at risk” inventory, makes recommendations on disposition and works cross-functionally to ensure the action plans are completed
Creates and documents the policies, process, and procedures for governing and managing a SKUs life cycle to meet residual inventory and obsolescence targets. This includes process flow, roles and responsibilities, and master-data changes
Directly manages the end of life processes for “to be” discontinued SKUs in the portfolio. This includes timeline inputs, tracking of FG and Raw/Pack inventory run outs, and adherence to plan
Conducts modeling, forecasting, trending, variance analysis, business case development, and other financial and operational analysis related to obsolescence as needed
Creates analyses and reporting tools (e.g. Business Objects reports) to support the company’s obsolescence and inventory goals
Supports the company’s SKU rationalization projects
Conducts ‘as-is’ and ‘to be’ business process mapping and process interfaces
Manages multiple projects and priorities
Owner of components of strategic projects that involve obsolescence exposure