What are the responsibilities and job description for the Senior Inventory Control Specialist position at Justrite Manufacturing Co LLC?
Description
Key Responsibilities :
Inventory Analysis and Optimization :
Analyze inventory levels, transactions, and variances to identify trends and discrepancies.
Design and optimize inventory flow processes, including receiving, storage, picking, and shipping, to enhance efficiency and accuracy.
Collaborate with cross-functional teams to ensure seamless integration of inventory processes with production and supply chain operations. Partner with operations, procurement, and finance teams to align inventory practices with business goals.
Serve as the primary owner of inventory management for the site, ensuring accurate records and compliance with policies.
Provide actionable insights and reports to management to drive decision-making.
Lead and support internal and external inventory audits.
Implement and maintain best practices in inventory management and control.
Leverage inventory management systems (ERP, WMS, or other relevant platforms) to ensure accurate tracking and reporting.
Physical Inventory :
Develop, implement, and manage a robust cycle counting program to ensure inventory accuracy and compliance with company policies. Regularly review and adjust counting schedules to address high-risk or high-value areas.
Identify and conduct Root Cause Analysis and present problem resolution for any inventory discrepancies
Develop and implement corrective actions to prevent recurrence.
Plan, coordinate, and lead the execution of annual or quarterly physical inventory counts for the site, ensuring alignment with company and regulatory standards.
Oversee all aspects of the physical inventory process, including scheduling, team coordination, data reconciliation, and reporting. Identify and address discrepancies uncovered during physical inventory, implementing corrective actions as needed.
Understand and analyze the financial impact of inventory changes on the general ledger.
Work closely with the finance team to reconcile inventory records and support accurate financial reporting.
Ensure compliance with company policies, industry standards, and regulatory requirements related to inventory management.
Key Performance Indicators (KPIs) :
Track and report on key inventory control KPIs, such as inventory accuracy, cycle count completion rates, and inventory turnover.
Develop strategies to achieve or exceed KPI targets.
Qualifications :
Degree in Supply Chain Management, Business, or a related field (preferred).
5 years of experience in inventory control, materials management, or related roles in a manufacturing environment.
Strong analytical and problem-solving skills with experience in root cause analysis.
Proficiency in ERP / WMS systems and advanced Excel skills.
Excellent understanding of inventory flow, cycle counting principles, physical inventory processes, and financial impacts on the general ledger.
Proven ability to lead and train teams, manage projects, and drive process improvements.
Strong organizational, communication, and interpersonal skills.
Preferred Skills :
APICS or other relevant certifications (e.g., CPIM, CSCP).
Experience with Lean manufacturing or Six Sigma principles.
Familiarity with regulatory compliance requirements for inventory in a manufacturing setting.
Equal Opportunity Employer / Protected Veterans / Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)
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