Inventory Manager
- Develop and implement inventory policies, procedures, and systems to ensure inventory accuracy, efficiency, and compliance.
- Conduct regular inventory audits and reconciliations to verify inventory records and identify discrepancies between physical counts and recorded inventory.
- Implement and evaluate inventory control systems, such as barcode scanners, RFID tags, and inventory management in D365.
- Continuously evaluate inventory management procedures and implement improvements to enhance efficiency, reduce costs, and improve service levels.
- Ensure compliance with inventory best practices.
- Prepare and maintain inventory reports and records, such as inventory levels, turnover, shrinkage, and aging.
- Analyze inventory data and trends to forecast inventory needs, plan for inventory replenishment, and forecast future inventory levels.
- Lead a monthly inventory status and strategy review with Sr Management highlighting wins, challenges, and plans for future improvements.
- Coordinate with Supply Chain Manager on negotiations with vendors to obtain the best prices, terms, and delivery schedules for inventory purchases.
- Coordinate with Warehouse Manager and Mexican facility to ensure timely and accurate receipt, storage, and inventory shipments.
- Coordinate with Finance Team to ensure proper valuation of inventory.
- Assist in budgeting and financial planning for inventory costs, including purchasing and storage expenses.
- Oversee inventory disposal and disposal of obsolete, damaged, or excess inventory.
- Education/Experience
- Bachelor’s Degree (B.A. or B.S.) from four-year college or university; and five years related experience in inventory management.
- 5+ years of experience in inventory management, warehouse operations, or supply chain management, with at least 2 years in a supervisory role.
- Certified Inventory Manager (CIM), Certified in Production and Inventory Management (CPIM), or Certified Professional in Supply Management (CPSM) preferred.
- Strong knowledge of inventory management principles, practices, and techniques.
- Proficient in inventory management software, such as D365, SAP, or Oracle.
- Strong analytical skills with the ability to make data-driven decisions.
- Excellent organizational, communication, and problem-solving skills.
- Attention to detail and accuracy in managing inventory records.
- Language Skills
- Good command of the English language, both written and spoken.
- Ability to read and comprehend simple instructions, short correspondence, and memos.
- Ability to write in simple correspondence.
- Ability to effectively present information in one-on-one and small group situations to customers, clients, and other employees.
- Ability to read and interpret documents such as safety rules, operating and maintenance instructions, and procedure manuals.
- Ability to write routine reports and correspondence.
- Ability to speak effectively before groups of customers or employees.
- Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations.
- Ability to read, analyze, and interpret common scientific and technical journals, financial reports, and legal documents.
- Ability to respond to common inquiries or complaints from customers, regulatory agencies, or members of the business community.
- Ability to write reports, business correspondence, and procedure manuals.
- Math Skills
- Ability to understand and calculate Inventory KPIs (Turns, stockout rates, inventory holding costs).
- Ability to work with mathematical models involving probability and statistical inference.
- Reasoning Skills
- Ability to define problems, collect data, establish facts, and draw valid conclusions.
- Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.
- Computer/ Office Skills
- Accounting Software
- ERP /Inventory (Preferred experience with Microsoft D365 and OneStream.)
- Human Resources / Payroll Systems
- Basic windows/internet browser
- Microsoft Office – Excel (Advanced proficiency including financial modeling and data analysis), Word, PowerPoint
- Typing
- 10-Key
- Physical Demands
- Frequent Activities: Sitting, typing, handling objects, talking/hearing, lifting/pushing/pulling up to 10 lbs.
- Occasional activities: Standing, walking, reaching with arms, lifting/pushing/pulling up to 25 lbs.
- Rare activities: Climbing/balancing, stooping, kneeling, crouching, lifting/pushing/pulling heavy weights (50–100+ lbs).
- Vision Requirements
- Frequent: Close vision, computer monitor use.
- Occasional: Color vision, ability to adjust focus.
- Rare: Distance vision, depth perception, peripheral vision
- Work Environment
- Frequent Exposure: Quiet noise levels.
- Occasional Exposure: Mechanical parts, fumes, airborne particles, very quiet noise levels, moderate to loud noise.
- Rare Exposure: High places, outdoor weather, toxic chemicals, risk of electrical shock, vibrations, very loud noise.
- Medical (with Health Savings Account), Dental, and Vision Insurance
- Healthcare Flexible Spending Account
- 401(k) Retirement Plan with company match
- Stock Purchase Plan with company match
- Company Paid Basic Life Insurance
- Paid Time Off, Sick Leave, Bereavement Leave, Paid Jury & Holidays
- Parental & Caregiver Leave
- Professional Education Assistance Program
- Employee Assistance Program
- Employee Appreciation Incentives (Birthdays, Service Awards, etc.)
- PPE Reimbursement
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