We are seeking a highly organized and detail-oriented Inventory Specialist to join our dynamic team. The ideal candidate will possess a deep understanding of inventory management processes and will be responsible for ensuring optimal inventory levels to support seamless operations
This role involves managing inventory, conducting regular audits, and implementing effective inventory control measures to maintain accuracy and efficiency.
The position requires strong analytical skills and the ability to utilize inventory management software proficiently. The successful candidate will also be responsible for identifying discrepancies, preparing detailed reports, and providing insights to improve inventory accuracy.
If you are an accomplished professional with a commitment to excellence and have a passion for inventory management within the manufacturing sector, we would love to hear from you.
Job Responsibilities:
- Inventory Management:
- Collaborate with procurement and logistics teams to forecast inventory needs.
- Manage ordering, tracking, and replenishment of materials.
- Conduct cost analysis to obtain the best pricing and rates.
- Optimize inventory levels to meet production and operational requirements.
- Monitor inventory trends and develop strategies for reducing excess stock and minimizing shortages.
- Inventory Control:
- Manage daily inventory operations and ensure accuracy in all inventory records.
- Implement inventory control processes and best practices to enhance efficiency.
- Forecasting and Planning:
- Assist in forecasting future inventory needs based on historical data and trends.
- Participate in planning related to inventory purchases and storage.
- Reporting:
- Utilize inventory management software to track stock levels and generate reports.
- Prepare and analyze reports to identify opportunities for process improvements.
- Auditing and Accuracy:
- Conduct regular inventory counts and cycle counts.
- Identify and resolve inventory discrepancies through audits.
- Maintain accurate documentation of inventory transactions and product movements.
- Health and Safety Compliance:
- Ensure compliance with health and safety regulations in all operational activities.
- Other:
- Assist in issuing and receiving purchase orders when required.
- Perform other duties as assigned.
Requirements:
- A post-secondary education in business, logistics, supply chain management or related field.
- Minimum 5 years of experience as an inventory specialist or in a similar role in the manufacturing industry.
- Strong understanding of inventory management principles and practices such as JIT, safety stock, reorder points, and first-in, first-out.
- Excellent knowledge of data analysis and forecasting methods.
- Excellent analytical and problem-solving abilities to identify issues and recommend solutions.
- Strong attention to detail and accuracy in data entry and record-keeping.
- Ability to work independently and collaboratively within a team environment.
- Excellent written and verbal communication skills.
- Strong interpersonal skills to collaborate effectively with internal teams and suppliers.
- Proficiency in inventory management software and Microsoft Office Suite.
- Strong organizational skills and the ability to manage multiple tasks simultaneously.
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