Senior Inventory Management Specialist
Operations

Senior Inventory Management Specialist

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

97000
yearly U.S. wage
38800
yearly with Vintti

* Salaries shown are estimates. Actual savings may be even greater. Please schedule a consultation to receive detailed information tailored to your needs.

About Vintti

At Vintti, we specialize in providing US businesses with staffing solutions that feel local. By connecting companies with Latin American professionals operating in compatible time zones, we ensure that work schedules align naturally with US business hours. This temporal harmony facilitates immediate response times, efficient project management, and a cohesive team dynamic regardless of physical location.

Description

A Senior Inventory Management Specialist plays a pivotal role in optimizing the supply chain and ensuring efficient inventory control. This position involves overseeing the receipt, storage, and distribution of goods, meticulously monitoring stock levels, and implementing inventory management systems to minimize waste and reduce costs. The specialist collaborates with various departments to forecast demand, analyze inventory trends, and develop strategies to enhance productivity. Strong analytical skills, attention to detail, and the ability to manage multiple projects simultaneously are critical for success in this role, contributing to the overall operational efficiency and profitability of the organization.

Requirements

- Bachelor's degree in Supply Chain Management, Logistics, Business Administration, or a related field.
- Minimum of 5-7 years of experience in inventory management or a related area.
- Proficiency in inventory management software (e.g., SAP, Oracle, NetSuite).
- Strong analytical skills with the ability to interpret complex data.
- Excellent organizational and multitasking abilities.
- Solid understanding of supply chain and inventory management concepts.
- Strong communication and interpersonal skills.
- Proven experience in leading and training teams.
- Ability to develop and implement effective inventory control procedures.
- Proficiency in Microsoft Office Suite, especially Excel.
- Experience in conducting physical inventory counts and audits.
- Knowledge of regulatory requirements related to inventory management.
- Problem-solving abilities to resolve inventory discrepancies and issues.
- Experience in process improvement and optimization.
- Detail-oriented with a strong focus on accuracy.
- Ability to work collaboratively with various departments.
- Experience in forecasting inventory demands and managing stock levels.
- Project management skills for handling special inventory-related projects.
- Strong decision-making abilities.
- Ability to manage returns, damaged goods, and warranty items efficiently.

Responsabilities

- Oversee daily inventory operations for accuracy and efficiency.
- Coordinate with procurement and supply chain teams on stock levels and reorder points.
- Analyze inventory data to identify trends and forecast demands.
- Implement and monitor inventory control procedures.
- Conduct regular inventory audits for accuracy.
- Utilize inventory management software to track and manage inventory.
- Liaise with warehouse staff to streamline storage and movement processes.
- Resolve discrepancies between physical counts and inventory records.
- Prepare and present inventory reports and KPIs to senior management.
- Collaborate with departments to align inventory with production schedules and sales forecasts.
- Supervise and train junior inventory staff on best practices.
- Develop and implement strategies for inventory process improvement.
- Manage and coordinate physical inventory counts.
- Ensure compliance with regulatory and company inventory policies.
- Handle special projects related to inventory optimization and system upgrades.
- Analyze supplier performance and address inventory-related issues with procurement.
- Coordinate with logistics and distribution to optimize delivery schedules.
- Monitor and manage returns, damaged goods, and warranty items.
- Provide input and support for inventory-related budget planning.

Ideal Candidate

The ideal candidate for the Senior Inventory Management Specialist role is a highly detail-oriented professional with a minimum of 5-7 years of extensive experience in inventory management or a related field, possessing a bachelor's degree in Supply Chain Management, Logistics, Business Administration, or a similar discipline. They demonstrate exceptional analytical skills, enabling them to interpret complex data and forecast inventory demands accurately. Proficient in using inventory management software such as SAP, Oracle, or NetSuite, they excel in developing and implementing effective inventory control procedures. The candidate stands out with their strong organizational and multitasking abilities, paired with robust problem-solving skills to resolve discrepancies and optimize processes efficiently. Proven leadership and team management experience is essential, as they will supervise and train junior inventory staff. They are proactive, strategic thinkers with a data-driven approach, capable of anticipating and addressing inventory-related issues. Excellent communication and interpersonal skills facilitate seamless collaboration across various departments, ensuring alignment with production schedules and sales forecasts. With a solid understanding of supply chain concepts and regulatory requirements, they maintain compliance and uphold company policies meticulously. The ideal candidate is innovative, continuously seeking improvement opportunities, and possesses strong project management skills to handle special inventory-related initiatives. Demonstrating a high degree of integrity and professionalism, they effectively manage returns, damaged goods, and warranty items while maintaining a strong customer service orientation. Adaptable and resilient, they handle high-pressure situations with ease, ensuring accuracy and efficiency in all inventory operations.

On a typical day, you will...

- Oversee daily inventory operations to ensure accuracy and efficiency.
- Coordinate with procurement and supply chain teams to manage stock levels and reorder points.
- Analyze inventory data to identify trends, forecast demands, and prevent stockouts or overstock situations.
- Implement and monitor inventory control procedures and protocols.
- Conduct regular audits of inventory to maintain consistency and accuracy.
- Utilize inventory management software to track and manage inventory.
- Liaise with warehouse staff to streamline inventory storage and movement processes.
- Resolve discrepancies between physical counts and inventory records.
- Prepare and present reports on inventory metrics and KPIs to senior management.
- Collaborate with other departments to align inventory levels with production schedules and sales forecasts.
- Supervise and train junior inventory staff to ensure adherence to best practices.
- Develop and implement strategies for continuous improvement in inventory management processes.
- Manage and coordinate periodic physical inventory counts.
- Ensure compliance with regulatory requirements and company policies related to inventory management.
- Handle special projects related to inventory optimization and system upgrades.
- Analyze supplier performance and collaborate with procurement to address issues affecting inventory.
- Coordinate with logistics and distribution teams to optimize delivery schedules and minimize delays.
- Monitor and manage returns, damaged goods, and warranty items efficiently.
- Provide input and support for budget planning related to inventory and stock management.

What we are looking for

- Detail-oriented with a strong focus on accuracy
- Proactive and able to anticipate inventory-related issues
- Strong analytical thinker with a data-driven approach
- Excellent organizational and multitasking abilities
- Effective communicator with strong interpersonal skills
- Proven leadership and team management skills
- Solutions-oriented with robust problem-solving abilities
- Able to work collaboratively across departments
- Adaptable and open to continuous improvement
- Strategic thinker with a proactive mindset
- Strong decision-making capabilities
- Ability to handle high-pressure situations efficiently
- Committed to maintaining compliance and upholding company policies
- Innovative with a continuous improvement mindset
- Efficient in managing time and meeting deadlines
- Capable of effectively training and mentoring junior staff
- Strong customer service orientation
- Resilient and able to handle returns, damaged goods, and warranty issues proficiently
- Possesses a strong understanding of regulatory and industry standards
- Proficient in using inventory management and office software
- Strong project management skills for inventory-related initiatives
- High degree of integrity and professionalism

What you can expect (benefits)

- Competitive salary range
- Health benefits including medical, dental, and vision insurance
- 401(k) retirement plan with company match
- Paid time off (PTO) and holidays
- Flexible work schedule
- Opportunities for remote or hybrid work
- Professional development and training programs
- Career advancement opportunities
- Employee wellness programs
- Life and disability insurance
- Tuition reimbursement for continuing education
- Employee assistance program (EAP)
- Performance-based bonuses
- Commuter benefits and transportation assistance
- Company-sponsored social events and team-building activities
- Discounted gym memberships
- Access to company perks and discounts
- Contribution towards childcare expenses
- Inclusive and collaborative work environment

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