Inventory Management Specialist
5 days ago
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:
- Collaborate with the merchandising team to plan inventory needs versus sales forecasts.
- Work closely with vendors to ensure inventory availability and utilize ASR/AWR software programs.
- Maintain accurate item and vendor information within ASR/AWR and track performance using E3 and JD Edwards reporting tools.
- 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.
- Ensure adequate in-stock positions for all catalog, retail advertisements, end caps, and new stores at time of activation.
- Process vendor and item setup, as well as history exceptions within the E3 system in a timely manner.
- Place orders and facilitate merchandise transfers to maintain optimal inventory levels based on budgets, planograms, vendor programs, location-specific space considerations, and promotional events.
- Prioritize open orders and update due dates and relevant information in the JD Edwards system to ensure accurate specifications when accessed by other departments.
- Analyze slow-turning and obsolete merchandise in assigned categories and recommend actions for improvement.
- Collaborate with merchandising team members to manage inventory levels, aligning with vendor programs, seasonal plans, and planograms.
- Foster collaboration with distribution and traffic department personnel to enhance supply chain efficiency and effectiveness.
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