PromoShop Inc. is Hiring an Inventory Management Coordinator Near Cincinnati, OH
The Inventory Analyst plays a critical role in optimizing inventory levels, ensuring accurate stock records, and maximizing efficiency in supply chain operations. The IA will utilize analytical skills, data interpretation, and inventory management software to maintain optimal inventory levels, minimize stockouts, and reduce excess inventory costs. The IA insights directly impact procurement strategies, warehouse operations, and overall business profitability.
Reports toDirector, eCommerce Department
Job Requirements
- Experience in eCommerce role, inventory management, or online store sales position (2 years a plus)
- Experience in the promotional products industry preferred but not required
- Certification as TAS/CAS/MAS preferred
- Ability to adapt to change and perform in a fast-paced environment
- Self-motivated individual
- Excellent organizational, administrative, and follow up skills
- Strong ability to multi-task
- Hands-on attitude
- Continuous improvement mentality & fearless problem solving skills
- Proficient in Microsoft Office
- Experience in Facilis/Syncore a plus
- Analyze historical sales data, market trends, and demand patterns to forecast future inventory needs.
- Collaborate with Account teams and E-commerce group to accurately predict demand fluctuations and plan inventory accordingly.
- Develop inventory replenishment strategies to maintain optimal stock levels while minimizing carrying costs.
- Monitor inventory levels across multiple stores and product categories.
- Conduct regular inventory audits to ensure accuracy of stock records and reconcile discrepancies.
- Implement inventory control measures to prevent stockouts, overstock situations, and shrinkage.
- Optimize replenishment procurement strategies and practices to minimize inbound freight as a percentage of COGS while also driving incremental margin generated by balancing inventory levels with production cost price breaks.
- Utilize inventory management software and data analysis tools to generate reports on inventory performance metrics such as turnover ratio, fill rate, and stock aging.
- Identify trends, patterns, and anomalies in inventory data to provide actionable insights to management.
- Prepare regular inventory reports and presentations for stakeholders, highlighting key findings and recommendations.
- Collaborate with suppliers to optimize lead times, order quantities, and delivery schedules.
- Evaluate supplier performance based on factors such as on-time delivery, quality of goods, and order accuracy.
- Negotiate pricing, terms, and contracts with suppliers to secure favorable agreements and minimize procurement costs.
- Continuously evaluate and refine inventory management processes to enhance efficiency and accuracy.
- Identify opportunities for automation and system integration to streamline inventory workflows.
- Implement best practices and standard operating procedures to ensure consistency and compliance with regulatory requirements.
We focus our resources and energies on serving those companies that have entrusted us with the protection and promotion of their brands.
Minority-owned and certified.
PromoShop is an experienced promotional merchandising and marketing services company that provides creative branded merchandise and custom premiums to our clients, large and small. We focus our resources and energies on serving those companies that have entrusted us with the protection and promotion of their brands. Minority-owned and certified.
Job Summary
Full Time
$51k-64k (estimate)
05/30/2024
07/28/2024
The job skills required for Inventory Management Coordinator include Inventory Control, Pricing, Inventory Management, Supply Chain, Microsoft Office, Planning, etc. Having related job skills and expertise will give you an advantage when applying to be an Inventory Management Coordinator. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Inventory Management Coordinator. Select any job title you are interested in and start to search job requirements.
The following is the career advancement route for Inventory Management Coordinator positions, which can be used as a reference in future career path planning. As an Inventory Management Coordinator, it can be promoted into senior positions as a Forecast Planning Manager that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Inventory Management Coordinator. You can explore the career advancement for an Inventory Management Coordinator below and select your interested title to get hiring information.
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