Inventory Manager

Job Description

Job Description

Description:

Primary Responsibilities :

• Oversee all aspects of inventory control, including receiving, cycle counting, and maintaining accurate inventory records.
• Develop and implement inventory control procedures and processes to ensure accuracy, efficiency, and compliance.
• Monitor inventory levels and track stock movements to maintain optimal inventory levels and prevent overstocking or stockouts.
• Conduct regular physical inventory counts to reconcile physical stock with system records and identify discrepancies.
• Coordinate with purchasing and procurement departments to ensure timely and adequate stock replenishment.
• Resolves discrepancies in receiving by identifying damaged items and shortages and quantity of materials; placing materials in inventory, conferring with various entities to adjust; correcting the shortages and obtaining credits.
• Analyze inventory data to identify trends, forecast demand, and recommend adjustments to inventory levels or stock replenishment strategies.
• Collaborate with warehouse personnel to optimize inventory layout, storage, and retrieval processes.
• Conduct regular audits to ensure inventory accuracy, identify discrepancies, and implement corrective actions.
• Maintain accurate and up-to-date inventory records, including item descriptions, quantities, locations, and stock movements.
• Generate regular reports on inventory performance, stock levels, and key metrics for management review.
• Liaise with cross-functional teams, including sales, finance, and production, to ensure alignment of inventory needs with business requirements.
• Able to research and troubleshoot both physically and systematically all inventory goods.
• Develop and implement inventory control procedures to improve accuracy and efficiency.
• Perform counts, both planned and prioritized, to ensure all inventory is accounted for and reported according to company policy.
• Work with manufacturing departments for BOM verification, correction, and timely entry.
• Investigate and correct discrepancies in reported quantities and locations of warehouse inventory.
• Log exceptions for review and corrective action with Management team
• Analyze inventory data to identify trends and areas for improvement.
• Entering and expediting transfers of inventory between facilities
• Track and report on supply chain waste, analyze data, and coordinate reduction efforts
• Work closely with the Operation Managers and General Manager to manage in stock levels, and to identify slow moving and/or obsolete inventory
• Works closely with purchasing to minimize raw material stock outs.
• Special projects as assigned.
• Other duties as requested.

Bachelor's degree in business, supply chain management, logistics, or a related field is preferred.

• 3+ years of experience in inventory control or a related field
• Strong analytical skills and attention to detail
• Knowledge of inventory control principles and best practices.
• Ability to develop and implement inventory control procedures.
• Excellent communication and interpersonal skills
• Experience with inventory management software
• Proven leadership skills and the ability to train and mentor others.
• Previous experience using or implementing an ERP/MRP system required.
• Previous experience working in a high paced manufacturing environment required.
• Must possess good time-management and effective decision-making skills with an ability to work independently in a fast-paced manufacturing environment
• Excellent organizational and time management skills to handle multiple tasks and meet deadlines.
• Strong attention to detail and accuracy in data entry and record keeping.
• Proficient in using inventory management software and tools.
• Analytical mindset to interpret inventory data, identify patterns, and make data-driven decisions.
• Ability to work collaboratively and communicate effectively with cross-functional teams.
• Strong problem-solving and decision-making skills to resolve inventory-related issues.
• Knowledge of inventory control principles, procedures, and best practices.
• Familiarity with supply chain management concepts and practices.
• Understanding of warehouse operations and inventory handling processes.
• Ability to adapt to changing priorities and work under pressure in a fast-paced environment.

Work Environment and Physical Demands:

The characteristics described below are representative of those encountered while performing the essential functions of this position. Reasonable accommodation will be made to enable individuals with disabilities to perform the essential functions.

· While performing duties of this job, would occasionally be required to stand, walk, sit, reach with hands and arms, climb or balance, stoop or kneel, talk and hear, and use fingers and hands to feel objects, tools or controls.

· Must be willing to work in office/factory/outside work environments.

· Must occasionally lift and/or move up to 50lbs.

· Specific vision abilities required include close vision, distance vision, depth perceptions, and the ability to adjust focus.

· Overtime may be necessary as workload dictates. This may include weekdays, weekends and/or holidays.