Inventory Optimization Specialist

McNaughton-McKay Group

Title: Inventory Optimization Specialist

Summary:

Support the Materials Management team in implementing and maintaining best practices for inventory management, ensuring optimal stock levels, efficient processes, and strong vendor relationships.

Key Responsibilities:

• Help determine proper inventory levels to maximize customer service and profitability

• Evaluate stock to decide what should be stocked or phased out

• Collaborate with inventory review teams to support informed stocking decisions

• Implement and maintain vendor-managed inventory programs

• Ensure adherence to industry ethical standards

• Maintain inventory controls, process exceptions, and communicate adjustments to purchasing

• Perform regular maintenance of item records in the Trend system

• Optimize inventory positioning across regions, sourcing both OAN and surplus stock

• Support forecasting and project business planning

• Assist in analyzing inventory for potential vendor returns

• Ensure inventory settings are accurate and up to date

• Collect data to support performance metrics reporting

• Maintain minimum threshold functionality

• Provide buyers with key information for decision-making

• Continuously expand product knowledge through training and seminars

Knowledge, Skills, & Abilities:

• Bachelor's degree in business or supply chain management, or equivalent professional experience in materials, purchasing, or logistics

• Strong organizational, analytical, and mathematical skills

• Advanced proficiency in MS Office and business operating systems

• Solid knowledge of inventory control and materials management

• Excellent written and verbal communication skills

• Commitment to ongoing professional development

Reporting:

Reports to: Inventory Management Supervisor

Direct Reports: None

Working Conditions:

Normal office environment

EEO/AA/M/F/Vet/Disability Employer