The Inventory Specialist will be an important part of the inventory program. They will oversee the processes and procedures for the designated program and should be familiar with working with a large-volume and small-part inventory. Must be able to organize large amounts of data and be able to pull key information out of the data. A continuous improvement mindset will be important in finding the right candidate for this position.
Principal Duties and Responsibilities
Maintains and manages inventory levels to ensure turns as well as the percentage of inventory dollars to sales dollars remain within stated guidelines.
Monitors inventory levels and conditions and resolves problems as they arise
Provides knowledge on inventory levels, cost, etc. to assist sales meeting customer needs
Ensures that the product is available, and that the correct product, and the best priced product is purchased
Works closely with the sales department to help address their specific individual needs, make them aware of any inventory problems or concerns, and communicate major market changes as necessary.
Assists monitoring, maintaining, and managing all purchasing programs.
Follows up on purchase orders to ensure their on-time arrival. This is to include the tracing of all inbound products.
Follows up on all receiving claims and to make sure they are resolved in a timely manner.
Monitor aged inventory report and create "hit lists" so the sales department is aware of potential inventory problems.
Coordinate with other location's inventory management to rectify over and under-stock issues and to maintain inventory at optimal levels.
Performs other duties as required
Qualifications
High school diploma or equivalent
Minimum 2 - 3 years of experience in related areas
Knowledgeable in Company accounting procedures and inventory management concepts
Familiar with industry and Company standard practices and procedures