Inventory Optimization Manager
3 weeks ago
Estimated Salary: $65,000 - $85,000 per year.
Job Description:We are seeking an experienced Inventory Optimization Manager to join our NEXGENS team. This role is responsible for developing and implementing strategies to optimize inventory levels, reduce costs, and improve overall supply chain efficiency.
You will work closely with production, sales, and logistics teams to forecast demand, plan procurement, and coordinate inventory levels. Your analytical skills and understanding of market trends will be essential in creating accurate forecasts and maximizing operational efficiency.
Key Responsibilities:
- Develop and implement inventory optimization strategies to reduce costs and improve supply chain efficiency
- Collaborate with production, sales, and logistics teams to forecast demand and plan procurement
- Manage and maintain Buying reports
- Run complete Buys for every category supplier while working with Purchasing Team to load on set containers
Purchase Order and Invoice Management:
- Work with QC/QA Teams to negotiate parts purchasing pricing
- Generate specific Parts Purchase Orders including reorders, and pilot runs
- Generate specific Swatch Purchase Orders including reorders, and pilot runs
Vendor Management:
- Review Vendor Performance based on parts request required and ensure suppliers fall within organization's minimum requirement for replacement
Internal Reporting and Coordination:
- Provide statistics and updates about items to the team and sales representatives
- Track and implement KPIs for parts ordering with Claims Teams to use as measurable success rates for product and factory product quality
- Cross-training session with team members
Qualifications:
- 1-2 years of experience in procurement, logistics, or a similar role is preferred
- Strong organizational and time-management skills
- Excellent communication and interpersonal skills
- Proficiency in Microsoft Office Suite, particularly Excel
- Familiarity with inventory management systems
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