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Stock Management Supervisor
2 months ago
Stock Management Supervisor
FUNCTIONS:
- Oversees the inventory management system
- Generates inventory oversight reports
- Aims to enhance customer satisfaction by ensuring optimal parts availability
- Ensure accuracy in parts inventory.
- Strive for maximum availability while minimizing financial investment.
- Record all receipts and sales on a daily basis.
- Update all secondary information daily (e.g., part number modifications, price adjustments, lost sales, shortages, bin and location changes, etc.).
- Create management reports upon request, including back-orders, emergency and special order statuses, parts aging, obsolescence, etc.
- Notify management of current or potential inventory issues such as stock shortages, excessive or insufficient guide figures, obsolescence, non-production numbers, backorders, and other delays.
- Manage the warranty parts return program, ensuring all parts are received by the designated date.
- Update back-order parts on a daily basis.
- Monitor and manage all shipping and receiving activities.
- Ensure compliance with company guidelines and policies for parts returns, ensuring they are received by the specified return date.
- Maintain cleanliness in the parts department by assisting with housekeeping tasks.
- Prepare for inventory assessments using perpetual inventories.
- Supervise all operations related to damaged, mispacked, or 30-day returns, charging to the appropriate accounts.
Performance standards for this role are achieved when:
- The dollar value of the inventory management system and physical inventory remains within a 1.5-month supply at all times, by managing obsolescence return policies.
- True turnover reaches six or more times annually.
- Shortages and incorrect bin locations do not exceed 20 occurrences each month.
- Management reports are accurate and submitted on time.
- Inventory levels are maintained below 11 months of no sales.
- Conduct perpetual inventories daily.
- Address all inventory adjustments by the end of the day.
- Complete all returns within the allotted timeframe.
- Facilitate a seamless inventory process as outlined in the duties above.