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Inventory Management Specialist
2 months ago
Job Summary:
We are seeking a highly skilled Inventory Management Specialist to join our team at Perfect Vision. As a key member of our operations team, you will be responsible for overseeing the entire inventory management process, ensuring optimal stock levels, inventory control, and material flow.
Key Responsibilities:
- Develop and implement comprehensive inventory management strategies and best practices to maintain efficient and cost-effective inventory operations.
- Collaborate with production, procurement, and logistics teams to forecast, plan, and manage inventory levels based on production schedules, sales forecasts, and lead times.
- Monitor and analyze inventory data, including stock levels, usage patterns, turnover rates, and stock discrepancies, to identify areas for improvement.
- Establish and maintain effective inventory control systems, including cycle counting, ABC analysis, and perpetual inventory management.
- Optimize inventory storage and handling procedures, including warehouse layout, material handling equipment, and inventory storage methods.
- Manage and coordinate the receiving, storage, and distribution of raw materials, work-in-progress, and finished goods to ensure timely delivery and minimize operational disruptions.
- Oversee the maintenance of accurate and up-to-date inventory records, ensuring the integrity and reliability of inventory data.
- Identify and implement process improvements, technologies, and systems to enhance inventory visibility, accuracy, and efficiency.
- Develop and monitor key performance indicators (KPIs) to measure the effectiveness of inventory management, and take corrective actions as needed.
- Collaborate with cross-functional teams to align inventory management strategies with production, sales, and financial objectives.
- Ensure compliance with relevant regulations, industry standards, and internal policies related to inventory management.
- Provide training and guidance to inventory control personnel on best practices, systems, and procedures.
- Prepare and present inventory performance reports to management, highlighting trends, issues, and recommendations.
Requirements:
- Bachelor's degree in Supply Chain Management, Logistics, Operations, or a related field.
- Professional certification in inventory management, such as APICS CPIM or CLTD, is preferred.
- Master's degree in a relevant discipline is an advantage.
- Minimum 10 years of progressive experience in inventory management, preferably in a manufacturing or industrial environment.
- Demonstrated expertise in developing and implementing comprehensive inventory management strategies and best practices.
- Proficient in the use of inventory management software, ERP systems, and data analysis tools.
- Thorough understanding of inventory control techniques, such as ABC analysis, just-in-time (JIT) inventory, and lean manufacturing principles.
- Strong problem-solving and analytical skills to identify and address inventory-related issues.
- Excellent communication and interpersonal skills to collaborate effectively with cross-functional teams.
- Ability to make data-driven decisions and provide well-reasoned recommendations.
- Attention to detail and a commitment to accuracy in inventory management.
- Adaptability to changing business requirements and inventory management best practices.
- Strategic thinking and the ability to align inventory management objectives with broader organizational goals.