Summer Internship at Watts Water Technologies
Rushabh Vora
Supply Chain Analyst | Procurement Specialist | Strategic Sourcing | MRP | ERP | Power BI | Excel | Master's in Supply Chain Management | CRM | Kaizen | Inventory Management | Supplier Evaluation | Production Planning
This summer (2023), I was privileged to undertake a rewarding internship as a Supply Chain Analyst at Watts Water Technologies, a renowned global provider of high-quality water solution technologies. My initial week was dedicated to understanding the company's operations by visiting the foundry, manufacturing plant, and distribution center. In addition, I was introduced to the supply chain planning software QAD and data files that formed the focus of my internship.
Over the course of my internship, I successfully completed the following projects:
1.?????Safety Stock Level Analysis and Optimization: After identifying the company potentially maintained higher safety stock levels, leading to excess spending on storage, I undertook an in-depth analysis to optimize safety stock levels. Through this endeavor, I uncovered potential savings of approximately $1.2 million.
2.?????Inventory Level Optimization: The primary challenge was striking a balance between having an inadequate supply of units, resulting in production halts, versus having excessive units that led to higher storage costs. Collaborating closely with the Purchasing Team, I revised due dates for incoming purchase orders from suppliers to ensure an optimal threshold inventory level.
3.?????Daily Reports: I actively contributed to the generation of daily reports that captured critical data points like daily sales, purchase orders, work orders, forecasts, and inventory levels.
4.?????Automated Weekly Dashboards: I designed automated dashboards to track manufacturing progress and identify areas for improvement on a weekly basis. These dashboards empowered the operations team to plan production efficiently.
My internship journey proved to be a highly enriching experience, and my key takeaways are:
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1.?????Gaining proficiency in utilizing software tools like QAD and Power BI
2.?????Effective Cross-Departmental Collaboration and Networking
3.?????My involvement in continuous improvement initiatives and analytics sharpened my problem-solving acumen, setting a strong foundation for my future success in the supply chain domain.
I would like to thank my mentor Larry Merrey for his guidance and support throughout this internship.
Furthermore, I am grateful to The University of Texas at Dallas for giving me the knowledge and skills necessary to excel in the field of supply chain management.
Awesome job!! Thank you for sharing Watts Water Technologies