Inventory Manager
4 weeks ago
The Inventory Planner plays a crucial role in supporting the company's growth goals by executing the planning and purchasing of materials and goods assigned to the vendors they manage. This position requires strong analytical and problem-solving skills to maintain optimal inventory levels, minimize freight costs and lead times, and maximize purchasing power.
Key Responsibilities:
- Owns the day-to-day purchasing activities of assigned vendors/categories.
- Initiates and places purchase orders, work orders, and store transfers.
- Negotiates terms, conditions, and pricing with new suppliers and manages existing suppliers.
- Determines and maintains the appropriate purchasing parameters for stocked products in all locations.
- Monitors inventory levels and develops plans to achieve optimal balances in accordance with company goals.
- Monitors supplier performance through KPI statistics and coordinates corrective action for unsatisfactory performance.
- Supports and/or initiates cost containment and cost reduction opportunities in accordance with company goals.
- Contacts vendors to ensure timely delivery of POs or to advise of changed due dates.
- Monitors the receipt of incoming materials and follows up on late shipments.
- Communicates schedules and deadlines to all internal departments and external vendors as needed.
- Disposition of rejected/damaged material.
- Processes vendor and warranty returns; follows up with suppliers to ensure proper credit memos/warranty replacements are received.
- Maintains positive and collaborative relationships with suppliers, salespersons, and other colleagues.
- Works with Accounts Payable and the Warehouse Receiving Department to resolve pricing and receiving discrepancies.
- Prepares, modifies, and maintains required monthly reports for suppliers.
- Other duties and projects as needed to facilitate continuous improvement and the ongoing operations of the business.
Requirements:
- Bachelor's Degree in Supply Chain Management, Business, or a related field.
- 2-3 years' work experience in a Buyer or Planning role (or in a similar capacity).
- Demonstrated ability through improvement with prior/current set of suppliers.
- Excellent communication skills.
- Excellent problem-solving skills with a continuous improvement mindset.
- Experience using ERP systems with forecasting/demand planning capabilities.
- Microsoft Office (Word, PowerPoint, and Excel).
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