Operations

Senior Inventory Consultant

Looking to hire your next Senior Inventory Consultant? Here’s a full job description template to use as a guide.

About Vintti

Vintti bridges the staffing gap for US businesses with a unique focus on time zone compatibility. We source top talent from Latin America, offering companies access to professionals who are available during standard US working hours. This alignment eliminates the need for off-hour communications and allows for integrated teamwork, as if all team members were in the same office.

Description

A Senior Inventory Consultant plays a pivotal role in optimizing inventory management strategies to ensure business efficiency and cost-effectiveness. They analyze inventory data, forecast demand, and develop comprehensive plans to enhance inventory turnover rates. By collaborating with various departments, they help streamline procurement processes, minimize stockouts, and reduce excess inventory. This role also involves utilizing advanced inventory management software and tools to track and manage inventory levels, identifying trends, and implementing best practices to maintain an optimal balance between supply and demand.

Requirements

- Bachelor's degree in Supply Chain Management, Business Administration, or a related field
- Minimum of 5-7 years of experience in inventory management or a similar role
- Proficient in inventory management software and advanced analytical tools
- Strong understanding of supply chain processes and logistics
- Excellent analytical and problem-solving skills
- Proven ability to develop and implement inventory strategies
- Experience with conducting audits and ensuring policy compliance
- Strong communication and interpersonal skills
- Ability to train and mentor junior staff
- Experience in coordinating with procurement, supply chain, sales, and operations teams
- Proficient in generating and interpreting detailed inventory reports
- Strong negotiation skills and experience in supplier relationship management
- Ability to manage slow-moving and obsolete inventory effectively
- Knowledge of health, safety, and regulatory requirements related to inventory management
- Efficient in root cause analysis and developing action plans
- Detail-oriented with strong organizational skills
- Ability to work under pressure and manage multiple tasks simultaneously
- Demonstrated leadership abilities and strategic thinking

Responsabilities

- Analyze inventory data to forecast future needs and optimize stock levels.
- Develop and implement strategies to manage inventory, reduce waste, and minimize costs.
- Collaborate with procurement and supply chain teams to ensure timely stock replenishment.
- Conduct audits to verify inventory accuracy and policy compliance.
- Identify and resolve discrepancies in inventory counts.
- Use software and tools to monitor inventory metrics and generate reports.
- Recommend improvements for warehouse layout and storage practices.
- Train and mentor junior staff on inventory management best practices.
- Align inventory levels with business demands through coordination with sales and operations teams.
- Provide detailed reports and insights on inventory performance to senior management.
- Oversee the implementation of new inventory management systems and software.
- Maintain relationships with suppliers and negotiate favorable terms for inventory acquisition.
- Manage slow-moving and obsolete inventory to optimize storage space and reduce costs.
- Conduct root cause analysis on inventory issues and develop remediation plans.
- Ensure all inventory practices adhere to health, safety, and regulatory requirements.

Ideal Candidate

The ideal candidate for the Senior Inventory Consultant role is a highly analytical and strategic problem solver with a minimum of 5-7 years of experience in inventory management or a related field. Holding a bachelor's degree in Supply Chain Management, Business Administration, or a related discipline, this individual possesses a deep understanding of supply chain processes and logistics. They are proficient in using advanced inventory management software and analytical tools to forecast future needs, optimize stock levels, and generate detailed reports. With proven ability to develop and implement effective inventory strategies, the ideal candidate excels in conducting audits, ensuring policy compliance, and performing root cause analysis to address inventory issues. Strong negotiation skills and the ability to maintain robust supplier relationships are essential, as is experience in managing slow-moving and obsolete inventory. A proactive and self-motivated leader, they demonstrate excellent communication, interpersonal, and mentoring skills, effectively training junior staff and coordinating with procurement, sales, and operations teams. Detail-oriented and highly organized, the ideal candidate thrives under pressure, adeptly managing multiple tasks, and consistently aligning inventory levels with business demands. Known for their high integrity and ethical standards, they are resilient, adaptable to change, and possess a strong customer focus. Their innovative and results-driven approach, coupled with a strong commitment to health, safety, and regulatory compliance, sets them apart as a versatile and impactful team-oriented collaborator.

On a typical day, you will...

- Analyze inventory levels and patterns to forecast future needs and optimize stock levels.
- Develop and implement inventory management strategies to reduce waste and minimize costs.
- Collaborate with procurement and supply chain teams to ensure timely replenishment of stock.
- Conduct regular audits to ensure accuracy in inventory records and compliance with company policies.
- Identify and address discrepancies in inventory counts and resolve stock discrepancies.
- Use advanced software and tools to monitor inventory metrics and generate analytical reports.
- Recommend improvements to warehouse layout and storage practices to enhance efficiency.
- Train and mentor junior staff on best practices in inventory management.
- Coordinate with sales and operations teams to align inventory levels with business demands.
- Provide detailed reports and insights to senior management regarding inventory performance.
- Oversee the implementation of new inventory management systems and software.
- Maintain strong relationships with suppliers and negotiate terms to ensure favorable inventory acquisition.
- Monitor and manage slow-moving and obsolete inventory to maximize space and reduce carrying costs.
- Conduct root cause analysis on inventory issues and develop action plans for remediation.
- Ensure adherence to health, safety, and regulatory requirements in all inventory practices.

What we are looking for

- Highly analytical mindset
- Strategic problem solver
- Strong leadership abilities
- Effective communicator
- Detail-oriented
- Proactive and self-motivated
- Ability to work under pressure
- Strong organizational skills
- Excellent negotiation skills
- Team-oriented collaborator
- Adaptable to change
- Innovative thinker
- Strong customer focus
- Results-driven
- High integrity and ethical standards
- Resilient and persistent
- Ability to mentor and develop others

What you can expect (benefits)

- Competitive salary range: $90,000 - $120,000 annually
- Comprehensive health benefits including medical, dental, and vision insurance
- 401(k) retirement plan with company match
- Paid time off (PTO) including vacation, sick leave, and holidays
- Flexible work schedule and remote work options
- Professional development and career advancement opportunities
- Tuition reimbursement for continuing education
- Employee wellness programs
- Life and disability insurance
- Employee assistance program (EAP)
- Performance bonuses and incentives
- Access to cutting-edge technology and tools
- Collaborative and inclusive work environment
- Company-sponsored training and certification programs
- On-site gym and fitness facilities (or wellness stipend for remote employees)
- Regular team-building events and company outings
- Employer-sponsored volunteer opportunities
- Parental leave and family-friendly policies
- Transportation and commuting benefits

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