by Matt Margolis
Analyst Stephen Chin from UBS, indicated in his April 29th report that his checks indicated that GTAT shipped out approximately 2,200kg of sapphire ingots to China to be processes into sapphire screens. GT is currently recruiting for Inventory Control Analysts as evidenced by the company’s April 24, 2014 job posting on the company website. Inventory control analysts typically monitor inventory (in this case sapphire) to ensure that levels of inventory are adequate as well as to monitor sale orders and overall production. I spent some time in one of my previous “full-time” jobs, doing inventory audits and visiting various manufacturing locations. It is very important to tag, monitor and count inventory levels. Additionally, since GT is growing and accumulating massive amounts of sapphire inventory it is critical to understand expected deliveries as well as logistics. Just like the UPS commercial, “What can brown do for you,? knowing your logistics is very important since Apple operates a just in time assembly process. Apple’s just in time assembly process keeps carrying costs low and does not tie its precious cash by holding large amounts of inventory.
One interesting bullet point within the key duties and responsibilities section is the mention of “releasing and logging new part number releases”. The key duties and responsibilities seem to indicate that GT will be producing multiple part numbers i.e. variations of cored sapphire inside the Mesa, AZ sapphire plant. If GT is indeed coring ingots and shipping to China for processing this bullet point would likely indicate that GT is making sapphire for not just one Apple device but multiple Apple devices. Any thoughts I have related to GT producing sapphire for multiple devices always forces me to revisit the 9 phases (sections) of the Mesa, AZ sapphire plant. Is each phase in the Mesa sapphire facility dedicated to the production of sapphire for a specific Apple device? What I can tell you is that Module 1 through Module 4 have been delivered to GT for possession based on my review of the issued permits and descriptions.
1.2.1 Phases. Landlord anticipates that it will deliver possession of the Premises to Tenant in multiple phases as each phase of the Premises (each, a “Phase”) becomes ready for delivery to Tenant. As used in this Lease, the term “Current Demised Premises” shall mean, at any given time, the Premises or the Phase(s), and the portion of the Premises corresponding to such Phase(s), of which Tenant has accepted delivery in accordance with Section 1.4. Exhibit C describes each of the nine (9) Phases of the Premises. The Phases are designated on Exhibit C as “Phase 1”, “Phase 2”, “Phase 3”, “Phase 4”, “Phase 5”,”Phase 6”, “Phase A”, “Phase B” and “Phase C”. Except as expressly set forth in Sections 1.2.2, 1.3 and 1.4, Landlord shall deliver each Phase of the Premises to Tenant in its then “as-is” condition without any representations or warranties regarding condition.
Inventory Control Analysts Key Duties and Responsibilities
- A dynamic individual that can interact with Engineering, Logistics, and Operations to ensure that the inventory counts and numbers are up-to-date and accurate to the best of their ability.
- Maintain orders and inventory in SAP in a timely and efficient manner.
- Maintain and distribute a real time order report. Track inventory orders and report to management.
- Modify as necessary.
- Work with Operations Analyst to identify BOM changes and SAP part number changes that directly affect open and pending sales orders that directly affect inventory.
- Work with Operations order team for releasing and logging new part number releases for engineering and operations in SAP.
- May interact with Finance and Logistics to provide customer specific product information on Inventory related issues.
Inventory Control Analysts Required Skills
- Excellent organizational skills and attention to detail. High level of accuracy is required.
- Working knowledge of capital equipment production. Strong familiarity with the sales order process in a production environment. Clear understanding of part numbering systems, bills of materials, revision control, engineering interface and Logistics.
- Competent user of SAP with strengths in order entry and sales order process.
- Clear communicator that can address all management levels of the organization.
- Strong computer skills capable of producing Excel spread sheets and reports that may be distributed widely. Able to generate reports directly out of SAP.