Best Practices, Cost Analysis, Cost Control, Data Analysis, Financial Planning, Inventory Levels, Inventory Management, Inventory Planning, Inventory Reports, Material Moving, Performance Analysis, Performance Metrics, Plan Meetings, Procedure Development, Process Improvement, Production Planning, Sales, Standards Development, Status Reports, Strategic Planning, Time Management, Trend Analysis
GENERAL PURPOSE:
Manage the finished goods inventory ensuring it meets the demand and supply needs. Prepare, monitor, and coordinate all inventory status reports and take a proactive approach to supply shortages, stock outs, and cost savings analysis. Perform research and data analysis to monitor and ensure Key Performance Indicators are at target levels according to established standards.
JOB DUTIES AND RESPONSIBILITIES:
- Collaborate with other teams, such as supply planning and production planning, on inventory availability for customer orders
- Monitor inventory levels to ensure stock availability and minimize excesses; coordinate the repositioning of inventory as needed to meet customer requirements
- Develop action plans to resolve excess and "stranded" inventory levels working closely with sales, finance, and other planning teams to mitigate financial impacts
- Develop improved inventory management processes by establishing inventory strategies, improving systems, and developing procedures for communication to stakeholders
- Oversee stock levels to ensure materials are in right location, ensure utilization of product rotation best practices, and develop action plans for slow moving/obsolete materials
- Oversee the disposition of distressed inventory, work closely with plants to minimize rework and timely utilization, and/or sell off of distressed inventory
- Ensure the successful execution of the inventory allocation process
- Develop standard inventory reporting, report inventory trends, and action plan tracking
- Lead weekly and monthly inventory meetings; participate in weekly and monthly production planning meetings
- Monitor key performance metrics, such as delivery in full, on time (DIFOT), inventory days on hand, and distressed inventory reduction targets
- The requirements herein are intended to describe the general nature and level of work performed by employee, but is not a complete list of responsibilities, duties, and skills required. Other duties may be assigned as required
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Dairy Farmers of America Inc