Inventory Optimization Specialist

3 days ago


Grand Rapids, Michigan, United States iMPact Business Group Full time
Job Overview

We are seeking an experienced Inventory Optimization Manager to join our team at iMPact Business Group.

The successful candidate will be responsible for overseeing all aspects of our inventory, including demand forecasting, inventory replenishment, safety stock, and scrapping.

This is a hybrid position based out of Grand Rapids, MI, with a minimum of 3 days of in-office presence required per week.

About the Role

The ideal candidate will have a strong background in inventory management and a proven track record of successfully managing large-scale inventories.

They will also possess excellent analytical skills, leadership abilities, and a deep understanding of inventory optimization best practices.

The role requires close collaboration with purchasing, logistics, and warehouse teams to streamline inventory processes and improve efficiency.

Responsibilities
  • Monitor inventory levels and coordinate replenishment to ensure optimal stock levels while minimizing excess and obsolete inventory.
  • Develop an inventory management strategy, working closely with our current third-party Logistics company (3PL), to initiate, review, develop, and select appropriate programs and strategies to support bringing this functionality back internally.
  • Forecast demand and coordinate with sales and production teams to ensure adequate inventory levels to meet customer demand.
  • Collaborate with cross-functional teams to identify opportunities for process improvements and cost savings within the inventory management function.
Requirements
  • Bachelor's degree in Business Administration, Supply Chain Management, Logistics, or a related field.
  • Proven experience in optimizing inventory, with a track record of successfully managing large-scale inventories.
  • Strong analytical skills and proficiency in inventory management software and ERP systems.
  • Excellent organizational and time-management skills, with the ability to prioritize tasks and manage multiple projects simultaneously.
  • Leadership and team-building skills, with experience in managing and developing a team of inventory control professionals.
Estimated Salary: $80,000 - $110,000 per year

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