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Director of Inventory Operations
2 months ago
We are looking for a dedicated and reliable Director of Inventory Operations to join our growing company. The Director of Inventory Operations is responsible for overseeing all aspects of inventory management, including but not limited to inventory planning, auditing, distribution, and logistics. This role ensures efficient utilization of resources and timely delivery of products while maintaining optimal standards and procedures, inventory levels, and will hold responsibility for accuracy of data, stock, sales, and compliance as related inventory throughout all our store locations. This position will oversee a team of inventory managers, coordinators, and associates. This individual will ensure smooth operations and collaborations between the retail and procurement departments.
The individual in this position will monitor the team members responsible for inventory, receiving data, and processes across all store locations, and will assist with reports or diagnosed issues in our processes and procedures to ensure inventory results are accurate and are in alignment with state compliance. There will be occasions where it will be necessary to step in and assist your team directly, either on location or virtually, as appropriate. You will be responsible for the oversight of the development and implementation of inventory training for store teams, working within tracking systems, working with Loss Prevention team members to diagnose issues and provide solutions to resolve flagged issues, reviewing levels of products and insights provided by your team, and approve of best practices for needs and solutions for aging product and on-hand skus. You will aid in new product launches in stores, will prepare reports for Vice Presidents and the Executive team as needed, work cross-divisionally within teams, and develop/oversee audits and analysis to ensure continuous improvement across stores.
A successful director is a trustworthy professional with outstanding analytical, data aggregation and workflow analysis abilities. The chosen candidate will show excellent organizational and problem-solving skills, the ability to interpret and analyze large amounts of data and create tactics and strategies that increase inventory results
Responsibilities
- Oversee and implement all inventory-specific initiatives.
- Deliver results and strategic direction by ensuring day-to-day operations run smoothly across all locations.
- Work with cross-divisional teams to build consensus on strategic objectives, goals, and operational plans.
- Establish and implement operational policies, standards, and procedures for inventory team.
- Ability to Travel Though Upper Peninsula Michigan, Minnesota Market, and markets as they become active. This is a primarily field-based role.
- Ensure compliance with all audits, safety, and security policies and procedures with state level cannabis compliance agencies.
- Communicate, work closely, and successfully collaborate with other Managers or interdepartmental leadership to achieve the organizations goals
- Monitor aging product to ensure synergy between procurement teams and marketing promotional efforts around product and launches.
- Lead a team of inventory managers, analysts, and deployable inventory staff.
Experience Requirements for this Position
- A minimum of 5 years experience in a similar role.
- Minimum 2 years experience supervising training, quality, and/or customer service
- Minimum 3 years retail experience, including a combination of front end and/or inventory responsibilities
- Solid knowledge of data analysis, inventory management software, and forecasting techniques.
- Metrc Experience required.
- Knowledge of Cannabis Inventory and experience with some cannabis related POS systems (Dutchie, Flowhub, Cova, Treez, Dispense) required
- An analytical mind with strong attention to detail.
- Outstanding organizational and problem-solving skills.
- Ability to work cross-functionally across departments to advocate for and implement process and workflow solutions, identify needs for improvement, and work within aggressive timelines.
- Excellent communication and leadership abilities with the ability to collaborate effectively across departments.
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