Senior Procurement and Inventory Manager

4 weeks ago

Los Angeles, California, United States Ideal Living Management, LLC Full time
Job Description

We are seeking a highly skilled Senior Procurement and Inventory Manager to join our dynamic team at Ideal Living Management, LLC. This role will be responsible for overseeing and managing procurement activities, ensuring optimal stock levels, and driving efficiency in our procurement and inventory process.

Key Responsibilities:

  • Procurement and Inventory Planning:
    • Oversee and manage procurement activities to ensure timely and cost-effective delivery of goods and services.
    • Analyze sales data and forecasts to inform inventory management decisions.
    • Present weekly reports to the team on proposed orders, inventory levels, forecasts, and recommendations.
  • Inventory Management:
    • Ensure optimal stock levels to meet demand without excess inventory, maintaining the balance agreed upon with the VP of Operations and CFO.
    • Host weekly inventory planning meetings with brand teams and channel leads.
    • Maintain interdepartmental communication and synergy for overall success.
  • Vendor Management:
    • Oversee domestic procurement activities, including vendor relationships, contract management, cost, and quality negotiations.
    • Conduct biannual procurement RFP to engage new vendor partners and keep costs competitive.
    • Establish and maintain positive relationships with suppliers and internal stakeholders.
  • Data Analysis and Reporting:
    • Collect and analyze weekly sales data for each brand and create management reports, dashboards, and presentations.
    • Consolidate weekly sales data for all brands to identify potential issues, forecasting, and ordering.
  • Order and Shipment Monitoring:
    • Monitor purchase order and shipment status.
    • Keep inbound lists up to date and communicate details with all stakeholders.
  • Purchase Order Management:
    • Go through the approval process for proposed purchases and place purchase orders.
    • Work with the product development team to ensure efficient manufacturing supply chains.
  • Vendor Negotiation and Sourcing:
    • Negotiate with vendors for better pricing on raw materials, packaging materials, and co-packing costs.
    • Ensure the right goods and services are acquired at the right time, in the right quantities, and at the lowest possible cost while maintaining quality.

Requirements:

  • Bachelor's degree (Master's preferred) in Supply Chain Management, Business Administration, or related field.
  • Proven experience in procurement and supply chain management, preferably in a senior role.
  • Strong analytical skills and ability to interpret complex data.
  • Advanced knowledge of Excel is required.
  • Excellent negotiation and vendor management skills.
  • Proficiency in ERP systems and inventory management software.
  • Strong communication and interpersonal skills.
  • Ability to lead and motivate a team.
  • Detail-oriented with strong organizational skills.

What We Offer:

  • Ultra-competitive end-of-year bonus.
  • Full benefits including PTO, 401k, Medical, Dental, Vision and Life Insurance.
  • Friendly, knowledgeable, supportive work culture.
  • Great work location surrounded by top-notch restaurants and services.
  • Hybrid work environment; work from home some days with a flexible Monday-Friday schedule.
  • On-site gym and yoga studio.
  • We also offer virtual Yoga classes.
  • Free EV Charging.

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