Inventory Specialist

Conway, Arkansas

Instant Apply

4 days ago

Job Description

Position Summary

The Senior Inventory Specialist is responsible for analyzing and optimizing inventory control processes, inventory investments, and material management strategies to support business objectives. This position applies advanced analytical skills and independent judgment to identify inventory risks, evaluate trends, develop recommendations, and implement process improvements that enhance inventory accuracy and operational efficiency. The role serves as a key business partner to Operations, Supply Chain, Finance, and Purchasing leadership.

Essential Duties and Responsibilities:

Inventory Analysis & Strategy:

Analyze inventory performance metrics, trends, and material utilization to support operational and financial objectives.
Evaluate inventory levels and recommend actions to optimize stock availability while minimizing excess and obsolete inventory.
Identify inventory-related risks and develop corrective action plans.
Conduct root cause analysis of inventory variances and develop sustainable solutions.
Recommend inventory policies, controls, and procedures that improve accuracy and efficiency.

Business Process Improvement:

Lead inventory control initiatives designed to improve inventory integrity and operational effectiveness.
Evaluate existing inventory management practices and recommend process improvements.
Develop and maintain inventory-related standard operating procedures.
Participate in cross-functional projects involving inventory optimization, warehouse operations, production planning, and supply chain improvements.
Support implementation and enhancement of ERP and inventory management systems.

Reporting & Decision Support:

Develop, analyze, and present inventory reports and key performance indicators (KPIs) to management.
Interpret inventory data and provide recommendations to support business decisions.
Monitor inventory accuracy, inventory turns, carrying costs, and inventory aging.
Support forecasting, budgeting, and inventory planning activities through data analysis and business insights.

Leadership & Collaboration:

Serve as the organization's subject matter expert for inventory control processes.
Provide technical guidance and training regarding inventory management practices.
Lead inventory-related projects and continuous improvement efforts.
Partner with Production, Purchasing, Warehouse, Supply Chain, and Finance leaders to resolve complex inventory issues.
Influence operational decisions through analysis and business recommendations.

Qualifications:

Experience:

5+ years of progressive experience in inventory management, supply chain, materials management, operations analysis, or related functions.
Manufacturing experience preferred.
Experience utilizing ERP or advanced inventory management systems.

Knowledge, Skills, and Abilities:

Advanced analytical and problem-solving abilities.
Strong knowledge of inventory control principles, materials management, and supply chain processes.
Advanced Microsoft Excel and data analysis skills.
Ability to evaluate complex business information and make recommendations.
Strong project management and organizational skills.
Ability to exercise discretion and independent judgment regarding inventory processes and business operations.
Excellent interpersonal and communication skills.

Physical Requirements:

Ability to work in both office and manufacturing environments.
Occasional warehouse and production floor visits for observation, audits, and process evaluations.
Must be able to drive a Forklift.
Occasional lifting of up to 25 pounds.

Numbers & Facts

Location

Conway, Arkansas

Skills

Analysis Skillsunmatched
Budgetingunmatched
Business Operationsunmatched
Business Supportunmatched
Communication Skillsunmatched
Continuous Improvementunmatched
Corrective Actionunmatched
Cross-Functionalunmatched
Data Analysisunmatched
Decision Supportunmatched
ERP (Enterprise Resource Planning)unmatched
Financeunmatched
Forecastingunmatched
Forkliftunmatched
Interpersonal Skillsunmatched
Inventory Costsunmatched
Inventory Levelsunmatched
Inventory Managementunmatched
Inventory Planningunmatched
Inventory Reportsunmatched
Inventory Turnsunmatched
Investment Managementunmatched
Leadershipunmatched
Lift/Move 25 Poundsunmatched
Management Strategyunmatched
Manufacturingunmatched
Materials Managementunmatched
Microsoft Excelunmatched
Operational Auditunmatched
Operational Strategyunmatched
Operational Supportunmatched
Operations Planningunmatched
Operations Processesunmatched
Organizational Skillsunmatched
Performance Analysisunmatched
Performance Metricsunmatched
Physical Demandsunmatched
Problem Solving Skillsunmatched
Process Analysisunmatched
Process Improvementunmatched
Production Planningunmatched
Project/Program Managementunmatched
Purchasing/Procurementunmatched
Risk Analysisunmatched
Root Cause Analysisunmatched
Standard Operating Procedures (SOP)unmatched
Supply Chainunmatched
Supply Chain Managementunmatched
Supply Chain Operationsunmatched
Technical Leadershipunmatched
Technical Trainingunmatched
Trend Analysisunmatched
Vehicle Drivingunmatched
Warehousingunmatched

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