Description An Inventory Manager is responsible for overseeing and managing the organization's inventory control and management systems. The primary objective is to ensure accurate stock levels, minimize discrepancies, and optimize inventory turnover to meet operational and financial goals. This role involves coordinating with various departments, implementing efficient inventory practices, and utilizing technology to streamline processes.
Key Responsibilities: 1. **Inventory Control: **
- Develop and implement inventory control procedures to maintain accurate stock levels.
- Conduct regular audits and cycle counts to identify discrepancies and take corrective actions.
- Monitor and analyze inventory data to identify slow-moving or obsolete items.
2. **Order Management: **
- Collaborate with purchasing and procurement teams to ensure timely and accurate ordering of goods.
- Optimize order quantities to maintain an efficient balance between supply and demand.
- Track and manage supplier performance to ensure reliability and consistency.
3. **Forecasting: **
- Utilize historical data, market trends, and sales forecasts to predict future demand.
- Work closely with sales and marketing teams to understand promotions, new product launches, and other factors impacting demand.
4. **Technology Utilization: **
- Implement and manage inventory management software and systems.
- Utilize technology to automate processes, track inventory movements, and generate real-time reports.
- Stay updated on advancements in inventory management technology to enhance efficiency.
5. **Cross-functional Collaboration: **
- Coordinate with various departments such as logistics, finance, and sales to ensure seamless integration of inventory processes.
- Communicate effectively with team members and stakeholders to address concerns and implement improvements.
6. **Risk Management: **
- Identify potential risks related to inventory, such as stockouts or overstock situations, and develop contingency plans.
- Implement measures to prevent loss, theft, or damage to inventory items.
7. **Performance Metrics: **
- Establish key performance indicators (KPIs) to measure and evaluate the effectiveness of inventory management.
- Regularly analyze performance metrics and implement strategies for continuous improvement.
8. **Compliance: **
- Ensure compliance with regulatory requirements related to inventory management.
- Stay informed about industry standards and best practices.
9. **Training and Development: **
- Provide training to staff involved in inventory management processes.
- Foster a culture of continuous learning and improvement within the inventory management team.
Qualifications: - Bachelor's degree in business, supply chain management, or a related field.
- Proven experience in inventory management, logistics, or supply chain roles.
- Strong analytical and problem-solving skills.
- Excellent communication and interpersonal skills.
- Proficiency in inventory management software and Microsoft Excel.
- Knowledge of industry regulations and best practices.
Please be advised that ALL new hires will be required to successfully complete a criminal background investigation and a medical examination, which includes a drug screening, prior to employment. The receipt of satisfactory responses to reference requests, and the provision of satisfactory proof of an applicant's identity and legal authority to work in the United States are also required. About Mac:We believe that the quality of one's life is directly related to the quality of one's home. Since 2002, we have been creating rental homes and investing in neighborhoods for our residents in Chicago, Kansas City, and St. Louis. Our vision is to enable better lives through better homes- for our residents, our communities, and our colleagues.
