Our client is a global company specializing in the manufacturing and supply of industrial products for various applications. Their expertise lies in delivering innovative products that enhance operational efficiency and safety across a wide range of industries.
The Inventory Control Specialist will play a pivotal role in optimizing and analyzing inventory processes and managing inventory levels. They will be responsible for developing and implementing best-practice inventory procedures to maximize the utilization of existing inventory and minimize new inventory investments. They will lead efforts to monitor and reduce excess and obsolete inventory, collaborating closely with cross-functional teams to drive inventory optimization initiatives.
This Role Offers:
- Competitive base salary plus a comprehensive benefits package.
- Large company with 40+ years of expertise and growth within the market space.
- Be part of a leading-edge organization that prioritizes innovation and cutting-edge technology.
- Individual contribution to providing solutions that play a pivotal role in enhancing operational efficiency and safety.
- Unlimited opportunities for professional growth and exposure to international markets.
Focus:
- Collaborate Cross-Functionally: Work closely with departments across the organization to enhance inventory control processes and procedures, ensuring alignment with organizational goals and objectives.
- Lead Inventory Analysis: Analyze existing inventory data, including stock levels, consumption patterns, and demand forecasts, to develop strategies for effective inventory management.
- Optimize Inventory Utilization: Identify trends and opportunities to optimize inventory utilization, including minimizing excess inventory, improving inventory turnover rates, and reducing carrying costs.
- Material Review and Displacement: Evaluate materials and resources to optimize allocation and usage, ensuring efficient utilization of available inventory and minimizing waste.
- Root Cause Analysis: Identify root causes of inventory-related issues and implement corrective actions to address them, ensuring continuous improvement in inventory control processes.
- KPI Development and Communication: Develop and maintain key performance indicators (KPIs) to monitor inventory performance and communicate insights to stakeholders, enabling informed decision-making and strategic planning.
- Support Planning Teams: Provide support to planning teams in inventory-related activities, including inventory forecasting, demand planning, and inventory optimization initiatives.
- Additional Duties: Perform other tasks as assigned by the manager to support departmental objectives and organizational goals.
Skill Set:
- High school diploma or GED is required. A bachelor’s degree in related field is preferred.
- Minimum of 3 years of experience in inventory management, manufacturing or related field.
- Strong analytical skills with the ability to interpret data and identify trends.
- Excellent communication skills, both written and verbal, with the ability to effectively communicate inventory-related information to stakeholders.
- Proficiency in inventory management software systems and ERP systems preferred.
- Detail-oriented with strong organizational skills and the ability to prioritize tasks effectively.
- Problem-solving skills with the ability to identify and address issues in inventory control processes.
- Customer-focused mindset with a commitment to meeting customer demands and expectations.