Inventory Management Specialist

5 days ago


Burnsville, Minnesota, United States Northern Tool + Equipment Full time

About the Role

Northern Tool + Equipment is seeking a highly skilled Inventory Management Specialist to join our team. This key position plays a vital role in maximizing inventory investment efficiency, while maintaining desired in-stock and fill rate percentages for assigned vendors and product categories across all channels of sales and distribution.

Key Responsibilities:

  1. Collaborate with the merchandising team to plan inventory needs versus sales forecasts.
  2. Work closely with vendors to ensure inventory availability and utilize ASR/AWR software programs.
  3. Maintain accurate item and vendor information within ASR/AWR and track performance using E3 and JD Edwards reporting tools.
  4. Achieve minimum requirements on inventory management metrics, including forecasting accuracy, mail order fill rate, retail transfer fill rate, service level goal attainment, and inventory accuracy.
  5. Ensure adequate in-stock positions for all catalog, retail advertisements, end caps, and new stores at time of activation.
  6. Process vendor and item setup, as well as history exceptions within the E3 system in a timely manner.
  7. Place orders and facilitate merchandise transfers to maintain optimal inventory levels based on budgets, planograms, vendor programs, location-specific space considerations, and promotional events.
  8. Prioritize open orders and update due dates and relevant information in the JD Edwards system to ensure accurate specifications when accessed by other departments.
  9. Analyze slow-turning and obsolete merchandise in assigned categories and recommend actions for improvement.
  10. Collaborate with merchandising team members to manage inventory levels, aligning with vendor programs, seasonal plans, and planograms.
  11. Foster collaboration with distribution and traffic department personnel to enhance supply chain efficiency and effectiveness.


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