Purchasing and Inventory Manager

5 days ago

Sioux Falls, South Dakota, United States Silencer Central Full time
Job Summary

At Silencer Central, we are seeking a highly skilled Purchasing and Inventory Manager to join our team. As a key member of our organization, you will be responsible for overseeing the company's inventory levels, developing inventory tracking systems, and reviewing supply levels to ensure accurate and timely recording of inventory levels.

Key Responsibilities
  • Inventory Management
    • Develop and implement inventory management strategies to optimize stock levels and minimize carrying costs.
    • Monitor inventory levels to prevent overstocking or stockouts and to ensure availability of necessary materials.
    • Conduct regular inventory audits and reconciliations to maintain inventory accuracy.
    • Manage inventory performance metrics and provide report results and recommendations to leadership.
  • Procurement Management
    • Develop and implement procurement strategies to ensure cost-effective purchasing of goods and services.
    • Negotiate contracts, pricing, and terms with suppliers and vendors.
    • Establish and maintain relationships with suppliers, ensuring the quality and reliability of supply sources.
    • Conduct market research to identify new suppliers and evaluate their performance.
    • Manage the procurement process from requisition to delivery, ensuring compliance with company policies and procedures.
  • Supplier Relationship Management
    • Monitor and communicate supplier KPIs.
    • Use supplier scorecards for performance accountability.
    • Lead RFP and RFQ processes.
    • Ensure suppliers and manufacturers meet the terms of agreements.
  • Team Leadership and Development
    • Lead and develop the procurement and inventory teams.
    • Establish and ensure adherence to standard operating procedures.
    • Supervise MRP activities.
    • Provide mentorship and support to team members.
    • Act as a check against purchase order approval thresholds.
    • Develop and manage the procurement budget, ensuring adherence to financial targets.
    • Monitor and control inventory costs to achieve cost savings and improve profitability.
    • Prepare financial reports and analysis related to procurement and inventory activities.
    • Monitor and communicate assigned KPIs.
  • Process Improvement and Collaboration
    • Maintain accountability to performance metrics.
    • Drive continuous process improvement.
    • Collaborate with other departments to meet customer expectations.
    • Participate in pre/post-build meetings for new products.
    • Oversee the MRP system within ERP.
Requirements
  • Bachelor's degree preferred, or equivalent experience in a relevant field.
  • 5-7 years of Inventory and Purchasing experience required.
  • Solid knowledge of data analysis, inventory management software, and forecasting techniques.
  • ERP knowledge, NetSuite a plus, or willingness to learn on the job.
  • Proficiency in Microsoft Word, Excel, Outlook, and PowerPoint.
  • Proficiency in procurement and inventory management software and tools.
  • Experience using MRP for supply chain management.
  • Experience in manufacturing and distribution.
  • Experience with supplier scorecards and managing supplier accountability.
  • Experience with RFP and RFQ processes.
  • Experience managing distributor (B2B) agreements on the supply chain side.
  • Strong knowledge of inventory management principles and practices.
  • Excellent negotiation, communication, and interpersonal skills.
  • Strong analytical and problem-solving skills.
  • Excellent attention to detail.
  • Exceptional leader, mentor, and developer of high-performing people and teams, preferably with experience in a startup setting.
Compensation and Benefits
  • Salary: $95,000.00 - $130,000.00 DOE.
  • Profit Sharing and Incentive Bonus.
  • Unlimited PTO.
  • Company Paid Holidays.
  • Health insurance: Copayment Plus Plan or High Deductible Health Plan with $1500-$3000 HRA Contribution.
  • Dental insurance.
  • Vision insurance.
  • LTD and STD insurance.
  • Company Paid Life Insurance.
  • EAP.
  • Colonial Life.
  • 401(k) with company match.
  • Employee Discount Program.
  • Free snacks and drinks.

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