What are the responsibilities and job description for the Inventory Coordinator position at Individually Owned and Operated Ace Hardware Store?
About this Employer: You are applying for a job with an independently owned cooperative member of Ace Hardware Corporation, who operates this Ace Hardware store, not Ace Hardware Corporation. The independent store owner alone is responsible for and independently makes all decisions concerning employment related matters, including hiring, firing, discipline, supervision, staffing and scheduling. Ace Hardware Corporation will not receive a copy of any applications submitted for this position, and will have no control over interviews and/or hiring decisions, does not control and is not responsible for the employment policies and practices of the independent store owner. If hired, the independent store owner will be your only employer. Ace Hardware Corporation is not the employer for this position. The Ace Hardware trademarks, logos and designs are owned by Ace Hardware Corporation and used by independent store owners under a license from Ace Hardware Corporation.
About Farmers & Builders Ace Hardware
This company and its locations are owned and operated by brothers Greg Cochran and Matt Cochran who are actively involved in the day-to-day operations.
The inventory coordinator upholds the Core Values as determined by the management team. Primary responsibility for all positions with Farmers & Builders Ace Hardware is to Amaze Every Customer Every Time. The Inventory Coordinator’s role also requires they foster a commitment to generate an in stock position to satisfy every customer by having the right product, in the right quantity, at the right time.
The Inventory Coordinator position is responsible for the overall inventory integrity and maintenance of a store’s inventory following Ace’s inventory best practices and metrics - some of which are outlined as follows:
● Inventory Record Accuracy-IRA (Change in Quantity on Hand, Credit PO’s, Direct Ship, etc.)
● In Stock Opportunity (Maximum Stock Level, Minimum Order Point, Store Use, etc.)
● Assortment (Product Mix)
● Unproductive Inventory (Overstock, Obsolete, Discontinued, Markdowns, etc.)
● Shrink (Loss, Damage, etc.)
Essential Duties and Responsibilities:
● Ensure data accuracy within the system to maintain adequate inventory levels
● Print and process the Negative Reports and make corrections as necessary
● Process Count-Correction-Sheets and make corrections in inventory system
● Monitor Outs to ensure store maintains a rate in accordance with company standards.
● “Shoot the Outs,” research variances, and make corrections as needed
● Process defectives and temporary outs
● Process Mango Count Sheets and exception reports.
● Monitor shrinkage, recommend ways to reduce theft and breakage, and make corrections in inventory system.
● Identify obsolete inventory, determine how to best remove it, and assist store management with the liquidation process.
● Train store staff on inventory management best practices
● Maintain accuracy of all location codes.
● Collaborate with Receivers and Cashiers to help identify errors and correct them as necessary
● Print bin tags (labels) as requested
Required Knowledge, Skills and Abilities
● High School degree, some college preferred.
● Possess a vast product knowledge of consumable products along with a willingness to learn
● General understanding of inventory principles and experience with retail programs
● Understand the flow of merchandise
● Experience in a retail environment either in inventory, sales, or back office
● Excellent quantitative and computer skills
● Analytical and pricing knowledge with the ability to conduct comparison analysis and make sound decision
● Knowledge of retail computer systems, MS Word and Excel a plus
● Excellent communication skills, exceptional organizational ability, high attention to detail, and ability to multi-task
● Ability and willingness to work flexible hours including evenings, weekends and holidays to meet the needs of the business
The requirements of this position require coordination with all locations operated by Farmers & Builders Ace Hardware and will also require assistance to the office staff regarding these locations.
