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
