Inventory Management Specialist
2 weeks ago
Position Overview
This individual is responsible for overseeing and managing all aspects of inventory control for S & K SALES CO. This includes monitoring inventory levels, implementing control procedures, and optimizing inventory turnover. Also includes the review of Ad and Special-Order merchandise as needed or requested by Account Executives (AE).
Essential Job Functions
- Inventory Management: Regularly track inventory levels to ensure adequate supply without overstock. Order as needed per S&K and manufacturer guidelines.
- Inventory Control Procedures: Develop and enforce inventory control procedures to minimize shrinkage and obsolescence.
- Manufacturer Communication: Communicate with manufacturers on order issues, tracking, and general inquiries.
- Inventory Reporting: Prepare and present regular inventory reports, including short ship, damaged goods, and cut data to Manufacturer as requested.
- Inventory Reconciliation: Reconcile inventory records and support accurate financial reporting.
- Demand Forecasting: Analyze inventory data to forecast demand and inform purchasing decisions. Review irregular scenarios such as product ads and slow-moving inventory.
- Inventory Optimization: Collaborate with the operations team to optimize inventory turnover and reduce holding costs.
- Process Improvement: Identify opportunities for process improvements in inventory management and implement best practices.
- Compliance: Ensure compliance with industry regulations and company policies related to inventory management.
- Other Duties: As assigned by the Office Manager.
Skills and Competency Requirements
- Reading Comprehension: In work-related documents
- Active Listening: Skills
- Effective Communication: Verbal and written communication skills
- Time Management: Skills
- Mathematical Skills: Ability to calculate cost, order extensions, and inventory case packs
- Multitasking: Ability to handle multiple tasks
- Critical Thinking: Skills to determine appropriate actions and responses
- Social Perceptiveness: Ability to relate to diverse group of co-workers and customers
Qualifications
- Experience: 2 years of office / purchasing experience
- Education: High School Diploma or equivalent experience
- Knowledge: Knowledge of standard inventory and stock procedures
- Administrative Skills: Knowledge of administrative and clerical procedures
- Office Systems: Knowledge of office systems including file retention and records
- Computer Skills: Proficient in computer skills including MS Office: Excel, Outlook, and Word
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