
Inventory Management Executive
9 hours ago
We are seeking a highly experienced Inventory Management Executive to oversee and manage our organization's inventory management operations. The ideal candidate will be responsible for developing and executing strategies that ensure the efficient management of inventory, from procurement to delivery, while maintaining cost-effectiveness and high service levels.
Key Responsibilities:
- Inventory Management
- Ensure optimal inventory levels to meet production and customer demand while minimizing excess stock and waste.
- Implement inventory control systems to monitor stock movements, track orders, and optimize stock levels.
- Use demand forecasting and historical data to predict future inventory needs and plan accordingly.
- Collaborate with the warehousing team to ensure effective storage and organization of goods.
- Supply Chain Strategy & Planning
- Develop and implement strategic plans to optimize supply chain operations, improve efficiency, and reduce costs.
- Forecast demand, evaluate inventory levels, and coordinate with various departments to ensure product availability.
- Monitor and analyze market trends, supplier performance, and logistics costs to develop proactive solutions.
- Create and maintain long-term relationships with key suppliers and business partners to ensure continuity of supply.
- Logistics & Distribution
- Oversee the coordination of transportation and logistics for the timely delivery of products to customers.
- Manage relationships with third-party logistics providers to ensure efficient delivery of goods.
- Optimize transportation routes, reduce lead times, and ensure cost-effective distribution of products.
- Handle issues related to delays, damaged goods, or any discrepancies in shipments.
- Supply Chain Performance Monitoring & Reporting
- Track key performance indicators (KPIs) related to supply chain operations, such as delivery times, cost savings, and inventory turnover.
- Generate and present regular supply chain performance reports to senior management, highlighting areas for improvement.
- Implement solutions based on data analysis and performance reviews to optimize the supply chain process.
- Ensure that all activities are compliant with company policies, safety regulations, and industry standards.
- Team Leadership & Development
- Lead and manage the inventory management team, providing guidance, training, and performance evaluations.
- Foster a culture of collaboration, accountability, and continuous improvement within the inventory management team.
- Coordinate with other departments (e.g., sales, marketing, and production) to align inventory management activities with business objectives.
- Ensure staff are adequately trained on inventory management best practices and company policies.
- Risk Management & Problem Solving
- Identify potential risks in the inventory management process, such as disruptions due to natural disasters, political instability, or supplier issues.
- Develop contingency plans to minimize the impact of risks on inventory management performance.
- Resolve any operational issues quickly and efficiently to ensure minimal impact on production schedules and customer satisfaction.
- Compliance & Sustainability
- Ensure all inventory management operations comply with local, national, and international laws and regulations.
- Implement sustainable practices within the inventory management process, such as reducing waste, minimizing carbon footprint, and using eco-friendly packaging.
- Stay updated on industry regulations and environmental standards that may impact the inventory management process.
Requirements
- Bachelor's degree in Inventory Management, Logistics, Supply Chain Management, or a related field. A Master's degree or professional certifications (e.g., CPSM, CPIM, CSCP) is a plus.
- Minimum of 5 years of experience in inventory management, logistics, procurement, or a related field, with at least 2 years in a managerial or supervisory role.
- Strong knowledge of inventory management software (e.g., SAP, Oracle, Microsoft Dynamics, etc.).
- Proficiency in MS Office Suite, particularly Excel for data analysis and reporting.
- Understanding of inventory management systems, demand forecasting, and procurement processes.
- Familiarity with transportation management and warehouse management systems (TMS/WMS).
Benefits
- Competitive salary and performance-based incentives.
- Health, dental, and vision insurance.
- Retirement savings plan with employer matching.
- Paid time off (PTO) and holidays.
- Career growth opportunities and professional development programs.
- Flexible working hours and remote work options (if applicable).
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