Inventory Manager

Job Description

Job Description

Summary :

Plans, directs, controls, coordinates and evaluates all or most inventory planning and control activities (i.e. master scheduling, stocking, inventory planning / turnover, materials handling, and forecasting). Manages inventory replenishment based on production schedules, current inventory, customer orders and forecasts. Ensures accurate and current inventory records. Coordinates, consults and makes recommendations regarding inventory levels to improve service levels, while simultaneously reducing inventory to the lowest acceptable levels. Production planning participation. Annual Budget plan participation. Consults with division financial, purchasing, engineering and operations personnel regarding business level forecasts, inventory reserves, and other factors which may affect inventory as well to ensure inventory meets design and customer requirements. Determines inventory cycles, oversees stock rotation and disposal of outdated stock. Handles special projects, as assigned.

Job Duties / Responsibilities

• Provide sales support for designated products.
• Establish and maintain inventory levels that meet company goals as well as meeting customer service requirements.
• Establish a program to reduce overstock of material.
• Establish a program to reduce non-moving or slow moving inventory.
• Establish a program to reduce obsolete inventory.
• Maintain up-to-date and accurate cost lists.
• Maintain accurate descriptions in AS / 400 system, revising as necessary
• Provide purchasing, expediting, and payment services related to all inventory products.
• Establish and maintain supplier relationships to ensure open and reliable communications.
• Purchase inventory to meet inventory levels.
• Maintain all purchase orders for inventory.
• Negotiate with suppliers for best price, delivery, service and quality
• Create competitive environment with vendors to reduce costs and lead times.
• Expedite to maintain delivery commitments.
• Participate in supplier selection, product line expansion / reduction, contract negotiations, etc.
• Arrange payments to suppliers and ensure accuracy of those payments.
• Manage control of all materials as pertains to job cost accounting.
• Manage all purchasing functions including shipping and receiving.
• Participate in production planning.
• Review job cost reports to ensure that the proper material is consumed from inventory.
• Conduct inventory audits for Finished Goods, Work in Process, and Raw Materials, and have the ability to review, provide results, and an overall resolution.
• Develop controls for warehouse material to provide better accuracy without slowing down production and shipping.
• Improve JIT through vendor relationships and mid-max levels.
• Utilize economic order quantities and select safety stock levels.
• Establish processes to improve the flow of paperwork and invoicing.

Skills / Knowledge

Education

Experience

About FET

FET (Forum Energy Technologies, Inc.) is a global company, serving the crude oil, natural gas, and renewable energy industries. FET is headquartered in Houston, TX with quality manufacturing, efficient distribution, and service facilities conveniently located to support the major energy-producing regions of the world. Forum’s products and services range from the underwater reservoir to the refinery, from the sea floor to the above ground transportation line. We pride ourselves on giving you a comprehensive offering of solutions to maximize your operations and improve your bottom line. Our customers are our partners and we work with them to solve their ever-changing challenges.

FET is an Equal Opportunity Employer. FET does not discriminate on the basis of race, color, religion, national or ethnic origin, sex, sexual orientation, gender identity or expression, age, disability, protected veteran status or other characteristics protected under federal, state, or local law. All employment decisions and practices at FET are subject to the foregoing non-discrimination provisions and are based solely on merit, competence, performance, and business needs at the time.