Inventory Manager

As Inventory Manager your role would involve overseeing and optimizing inventory management processes to ensure efficient operations and cost-effective inventory levels. Your responsibilities would include:

1. Inventory Planning and Forecasting: Develop and implement inventory planning strategies to ensure optimal stock levels. Analyze historical data, market trends, and sales forecasts to accurately predict demand and determine appropriate inventory quantities.

2. Inventory Optimization: Implement inventory optimization techniques, such as ABC analysis, safety stock calculations, and economic order quantity (EOQ) models. Continuously monitor inventory performance and adjust parameters to maximize inventory turnover, minimize stockouts, and reduce carrying costs.

3. Inventory Accuracy and Control: Implement inventory control measures, such as cycle counting, regular physical inventory audits, and reconciliation processes. Work with accounting to ensure accurate balance sheet accounts. Identify and resolve discrepancies between actual and recorded inventory levels to ensure data accuracy.

4. Systems and Technology: Utilize inventory management systems and technology tools to streamline inventory processes, track inventory movement, and generate accurate reports. Explore automation options, such as barcode scanning and RFID technology, to improve inventory accuracy and efficiency.

5. Obsolete and Excess Inventory Management: Develop strategies to minimize obsolete and excess inventory. Implement inventory disposition plans, negotiate returns or buybacks with suppliers, and explore alternative channels, such as liquidation or donation, for excess inventory.

6. Continuous Improvement: Identify opportunities for process improvement and efficiency gains within inventory management. Implement best practices, evaluate performance metrics, and drive continuous improvement initiatives to optimize inventory management processes.

7. Compliance and Regulatory Requirements: Ensure compliance with regulatory requirements, such as product expiration dates, lot tracking, and storage conditions for regulated products. Implement appropriate controls to meet quality and safety standards.

By effectively managing inventory, you contribute to the organization's profitability, customer satisfaction, and operational efficiency in the CPG industry. Efficient inventory management ensures product availability, reduces carrying costs, minimizes stockouts, and improves overall supply chain performance.

Travel Requirement: Up to 10%

Requirements

Required:

· 3-5 years of relevant operations experience

· 2+ years’ experience with Netsuite

· Bachelor’s degree or equivalent

· Intermediate to advanced excel skills

· Must have the ability to work in the United States

Preferred:

· Degree in Business, Economics, or Supply Chain

· Experience with RF Smart

Benefits

• Health Care Plan (Medical, Dental & Vision)
• Retirement Plan (401k, IRA)
• Paid Time Off (Vacation, Sick & Public Holidays)