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Inventory Manager
2 months ago
**Job Summary:**
The Procurement Specialist - Beverage Industry is responsible for developing and executing strategies that lead to inventory optimization and cost savings to achieve the company's sales, profitability, and inventory turnover objectives.
**Key Responsibilities:**
- Develop and execute strategies to optimize inventory levels and reduce costs
- Collaborate with Product Management, Sales, and Customer Service teams to develop and implement supply chain solutions
- Manage inventory and forecast demand to ensure the right inventory at the right time at the right price to meet customer demand
- Own the inventory management process, including delivery management, quality management, supplier compliance, and risk mitigation
- Review and analyze sales trends and use accurate market information to prepare demand forecasts
- Maintain strong working relationships and communication with manufacturers and key suppliers
- Review purchase order requisitions and release purchase orders to suppliers
- Manage low stock levels to avoid stock-outs
- Responsible for inventory management at off-site locations and with sub-contract vendors
- Understand external market conditions and develop risk mitigation strategies
- Manage slow moving inventory to reduce and avoid excess and obsolete inventory
- Coordinates and resolves supplier nonconforming issues
- Actively participates in continuous improvement projects and initiatives within the materials planning function
- Evaluate forecast results, reconcile significant variances, and refine forecast model
- Collaborate with Product Management and provide input in developing product strategies
**Requirements:**
- Minimum 3-5 years buying/planning experience with a relevant industry
- Global buying experience strongly preferred
- Excellent negotiation, analytical, decision-making, verbal and written communication skills
- Strong experience in suite of Microsoft Office programs; SAP experience preferred
- College degree strongly preferred
- Strong work ethic with track record of exceeding targets
- Experience in presenting to and interacting with senior management both internally and externally
**Benefits:**
- Comprehensive suite of benefits designed to promote and support total well-being for you and your family
- Medical & Prescription Drug, Dental, Vision, Flexible Spending, Health Savings Accounts, Long-Term Disability, Basic Life/AD&D, Supplemental Life/AD&D, Short-Term Disability coverage
- 401(k) contributions with company match
- Associate Perks, including Paid Time Off and associate discounts at our stores
- On Demand pay