Strategic Inventory Manager
6 days ago
We are seeking an experienced Strategic Inventory Manager to lead our materials management and logistics operations.
About the Role:
The Strategic Inventory Manager will be responsible for overseeing the planning, procurement, inventory control, and distribution of materials to ensure a smooth and efficient production process. This role is critical to maintaining adequate stock levels, managing supplier relationships, and driving cost-effective purchasing while ensuring materials quality and timely delivery.
Main Responsibilities:
- Develop and implement effective materials management strategies, policies, and procedures to optimize inventory levels and minimize waste.
- Collaborate with production, engineering, and purchasing departments to forecast demand and plan for materials requirements.
- Manage inventory control systems, including tracking stock levels, evaluating inventory turnover, and reducing excess inventory.
- Builld and maintain strong relationships with suppliers to secure competitive pricing, high-quality materials, and timely deliveries.
- Conduct regular audits of inventory to ensure accuracy and compliance with company standards.
- Lead and mentor a team of materials coordinators and warehouse staff, fostering a culture of continuous improvement and teamwork.
- Develop and monitor key performance indicators (KPIs) to assess the effectiveness of the materials management function and identify areas for improvement.
- Collaborate with finance to create and manage the materials budget, including cost-saving initiatives and expense forecasting.
- Ensure compliance with health and safety regulations in all materials handling and storage practices.
Requirements:
- 5 years of experience in purchasing, inventory, or production.
- 5+ years of experience in materials management, supply chain, or inventory control, preferably within a manufacturing or production environment.
- Strong understanding of MRP/ERP systems and inventory management software.
- Excellent negotiation, communication, and interpersonal skills for effective supplier relationship management.
- Proven ability to lead and motivate a team, with experience in setting goals, managing performance, and fostering a collaborative environment.
- Strong analytical skills with the ability to leverage data to make informed decisions.
- Attention to detail, organizational skills, and the ability to work under pressure to meet deadlines.
Compensation and Benefits:
The estimated annual salary for this position is $95,000-$110,000 depending on experience, plus comprehensive benefits, including medical, dental, and vision coverage, 401(k) matching, and generous paid time off.
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