Inventory Manager

SUMMARY

The Inventory Manager is responsible for overseeing and managing the organization’s inventory, ensuring optimal stock levels, accurate inventory records and the timely availability of products to meet operational needs. This role involves working closely with purchasing, sales, and warehouse teams to maintain inventory accuracy, minimize losses and reduce stockouts for overstock situations.

ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.

• Monitors inventory levels regularly and ensures stock levels align with business demand.

• Implement inventory control systems and processes to ensure accuracy and efficiency.

• Analyzes sales trends and historical data to forecast future demand and adjust stock levels accordingly.

• Works closely with the purchasing team to ensure timely procurement of inventory to avoid stockouts.

• Develop and maintain reorder points and optimal stock levels for various products.

• Generates regular and timely reports on inventory levels, stock movement and trends for management review.

• Analyzes data to identify slow-moving or obsolete inventory and recommend actions to reduce excess stock.

• Track and report on key performance indicators (KPI’s) such as inventory turnover, stock accuracy, and lead times.

• Work closely with suppliers and vendors to ensure timely deliveries and resolve any supply chain issues.

• Prepare and submit reports, documents and records required by company policy.

• Operate computers, calculator, and usual office equipment.

• Observe all company policies and regulations including safety, housekeeping and quality of work.

• Utilize individually and/or further the use of total quality concepts, tools, and techniques to support continuous quality improvement in all processes in which the position participates.

• Perform other duties as requested or necessary to meet business conditions and changes.
  

SUPERVISORY RESPONSIBILITIES – This position customarily and regularly directs the work of a minimum of six full time employees.

QUALIFICATIONS To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.

EDUCATION and/or EXPERIENCE – Two-to-four-year college or university or related certifications a plus but not necessary. 3-5 years related experience and/or training.

LANGUAGE SKILLS - Ability to read and interpret documents. Ability to draft routine reports and correspondence. Ability to speak effectively before groups of customers or employees of organization. Ability to negotiate with vendors to create mutually satisfying contracts.

MATHEMATICAL SKILLS - Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume. Ability to apply concepts of basic algebra and geometry.

REASONING ABILITY - Ability to solve practical problems and deal with a variety of concrete variables in situations. The ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form.

PHYSICAL DEMANDS The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee is frequently required to stand; walk; sit; use hands, handle, or feel; reach with hands and arms; and talk or hear. The employee must occasionally lift and/or move up to ten pounds. Specific vision abilities required by this job include close vision, distance vision, peripheral vision, depth perception, and ability to adjust focus.

WORK ENVIRONMENT The work environment characteristics described here are representative of those employee encounters while performing the essential functions of this job.

While performing the duties of this job, the employee is occasionally exposed to elements such as odor, noise, dust, heat, cold or chemicals.