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Logistics and Supply Chain Specialist
2 months ago
Job Overview:
The Logistics and Supply Chain Specialist will play a crucial role in fostering vendor partnerships, overseeing Purchase Order processes, analyzing inventory patterns, and ensuring optimal stock levels.
Key Responsibilities:
Develop precise forecasting models grounded in historical sales data, demand trends, industry insights, and external factors. Evaluate product lifecycles from launch, promotional phases, discontinuation, to clearance.
Oversee stock levels to guarantee that products are adequately available based on sales forecasts and projections.
Identify unusual demand patterns, propose adjustments to forecasts to mitigate reoccurrence, enhance customer satisfaction, and reduce surplus inventory.
Organize purchase orders for predetermined quantities and submit them for approval.
Ensure data accuracy by identifying and obtaining missing information.
Vendor Relationship Management:
Provide a 90-day inventory forecast, track In Stock percentages against targets, and identify potential inventory risks stemming from production issues. Formulate production strategies to guarantee timely product deliveries.
Analyze and recommend optimal inventory flow strategies, including demand forecasting, setting reorder thresholds, and conducting pricing evaluations.
Maintain oversight of open purchase orders, schedule inbound deliveries, confirm receipt of goods, and reconcile shipments with vendor invoices and landed cost calculations.
Monitor outstanding purchase orders, making necessary adjustments to prevent delays and disruptions in inventory levels.Conduct regular cost assessments on freight expenditures and optimization strategies. Source and propose new vendors or cost-saving initiatives.
Create comprehensive reports and data visualizations to support decision-making within the supply chain team.
Collaborate with Operations, Finance, Sales, and Product teams regarding future inventory needs.
Maintain consistent communication with international suppliers and various supply chain partners.
Identify and suggest areas for improvement, enhanced practices, or streamlined workflows. Draft and uphold Standard Operating Procedures (SOPs).
Perform additional responsibilities as needed or requested.
Qualifications:
A Bachelor's degree (B.A./B.S.) in Business, Finance, Supply Chain Management, or Economics from an accredited institution, along with 2 years of relevant experience; or 4+ years of equivalent professional experience.
Excellent interpersonal, verbal, and written communication abilities.
Strong mathematical, analytical, organizational, planning, prioritization, and multitasking skills are essential.
Proficient in all Microsoft Office applications, including MS Word, MS Outlook, and advanced Excel skills.
Familiarity with Business Intelligence tools (such as Power BI, Tableau, etc.) is a plus but not mandatory.
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