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Aftermarket Inventory
2 weeks ago
Position at Nortek Air Solutions
Position Summary
Nortek Air Solutions (NAS) is seeking a strategic and results-driven Inventory & Supply Chain Lead to oversee end-to-end inventory management and supply chain operations for aftermarket parts. This role will lead the Material Handling team, optimize inventory accuracy, reduce lead times, and minimize slow-moving/obsolete stock. The ideal candidate will combine strong analytical skills with leadership capabilities to implement KPIs, mentor staff, and drive continuous improvement initiatives that enhance customer satisfaction, reduce backorders, and support business growth.
Position Responsibilities
- Lead and mentor the Material Handling team, ensuring accountability, productivity, and adherence to KPIs.
- Oversee inventory management operations to maintain ≥95% inventory accuracy and optimal stock levels.
- Reduce supplier lead times by 20% on key products/components through strategic sourcing and vendor performance improvement initiatives.
- Reduce slow-moving and obsolete inventory by 30% within 12 months, improving inventory turns and freeing up working capital.
- Manage warehouse operations, focusing on efficiency, capacity planning, and revenue growth.
- Perform procurement duties, including placing POs, negotiating pricing, and managing vendor relationships.
- Collaborate cross-functionally with sales, marketing, and operations to align inventory planning with demand forecasts and pipeline requirements.
- Analyze material requirements and monitor vendor performance for continuous improvement.
- Establish and track KPIs for inventory accuracy, quote-to-order conversion, lead time reduction, and backorder minimization.
- Support Lean initiatives to eliminate waste and improve operational efficiency.
- Ensure accurate reporting through ERP/MRP systems (Syteline, Microsoft AX, Dynamics 365) for procurement and inventory control.
- Resolve invoice discrepancies with Accounts Payable and maintain accurate financial reporting.
- Occasional travel to vendors or factories for supplier qualification and process reviews.
- Other duties as assigned to support business growth objectives.
- Achieve ≥95% inventory accuracy, fill rate ≥98%, and stockout rate ≤10% for quotes.
- Implement analytical models using Power BI to forecast demand, identify slow-moving items, and optimize stock levels quarterly.
- Decrease backorders to
