What are the responsibilities and job description for the INVENTORY COORDINATOR position at S & K SALES CO?
Position Overview
This individual is responsible for overseeing and managing all aspects of inventory control. This includes monitoring inventory levels, implementing control procedures, and optimizing inventory turnover. Also includes the review of Ad and Special-Order merchandise as needed or requested by Account Executives (AE).
Essential Job Functions
- Monitor Order Inventory Levels: Regularly track inventory levels to ensure adequate supply without overstock. Order as needed per S&K and manufacturer guidelines.
- Implement Control Procedures: Develop and enforce inventory control procedures to minimize shrinkage and obsolescence.
- Manufacturer Communication: Communicate with manufacturers on order issues, tracking, and general inquiries.
- Inventory Reporting: Prepare and present regular inventory reports, including short ship, damaged goods, and cut data to Manufacturer as requested.
- Reconcile Inventory Records: Reconcile inventory records and support accurate financial reporting.
- Forecast Demand: Analyze inventory data to forecast demand and inform purchasing decisions. Review irregular scenarios such as product ads and slow-moving inventory
- Optimize Turnover: Collaborate with the operations team to optimize inventory turnover and reduce holding costs.
- Continuous Improvement: Identify opportunities for process improvements in inventory management and implement best practices.
- Compliance: Ensure compliance with industry regulations and company policies related to inventory management.
- Other Duties: As assigned by the Office Manager.
Skills and Competency Requirements
- Reading Comprehension in work related documents
- Active Listening skills
- Effective and professional verbal and written communication skills
- Effective time management skills
- Ability to use mathematics skills to calculate cost, order extensions, and inventory case packs
- Ability to multi-task
- Critical Thinking skills to determine appropriate actions and responses
- Social Perceptiveness and ability to relate to diverse group of co-workers and customers
Qualifications
- 2 years of office / purchasing experience
- High School Diploma or equivalent experience
- Knowledge of standard inventory and stock procedures
- Knowledge of administrative and clerical procedures
- Knowledge of office systems including file retention and records
- Proficient in computer skills including MS Office: Excel, Outlook, and Word
