Job Description
Role Overview
This role ensures accurate inventory levels, efficient inventory management processes, and timely reporting to support business operations. The Inventory Lead will collaborate closely with commercial, Warehouse, and Hub operations, and midmiles teams to optimize inventory performance and minimize risks.
Job Description
Inventory Management & Optimization:
- Develop and implement inventory management strategies to ensure accurate stock levels and optimize inventory turnover and revenue/square meter.
- Analyze inventory trends and performance to identify opportunities for improvement.
- Implement inventory control processes to minimize discrepancies, shrinkage, and obsolescence.
Process Improvement:
- Lead initiatives to streamline inventory processes, enhance accuracy, and reduce lead times.
- Collaborate with cross-functional teams to improve demand forecasting and replenishment processes especially on supply order to Hub
- Identify and implement best practices in inventory management and warehousing to manage inventory accuracy
Data Analysis & Reporting:
- Utilize data analytics tools to monitor out of stock and inventory performance and generate actionable insights.
- Develop and present inventory reports to senior management, highlighting key metrics and improvement opportunities.
- Ensure real-time visibility of inventory levels and accuracy across the supply chain network and constraints in between regarding inventory levels or replenishment to hub (supply order due to MP or facility)
Leadership & Collaboration:
- Lead and mentor a team of inventory specialists, providing guidance, training, and performance management.
- Work closely with Commercial, and Operations teams to align inventory strategies and business support regarding inventory area
- Act as a key liaison between supply chain Inventory teams and other departments to ensure effective communication and collaboration.
Compliance & Risk Management:
- Ensure compliance with all inventory management policies, procedures, and regulatory requirements.
- Develop and maintain standard operating procedures (SOPs) for inventory control.
- Proactively identify and mitigate inventory-related risks, including stockouts, overstock, and supply chain disruptions
Requirements
Education: Bachelor’s degree in Supply Chain Management, Logistics, Business Administration, or a related field is preferred.
Experience: Minimum of 5 years of experience in inventory management or a related field within the supply chain. Previous leadership experience is a plus.
Skills:
- Strong understanding of inventory management principles and practices.
- Proficiency with excel or gsheet, inventory management systems and ERP software (e.g., Oracle, or similar on inventory modules) would be a plus.
- Excellent analytical and problem-solving skills.
- Strong attention to detail and accuracy.
- Effective communication and interpersonal skills.
- Ability to work cross-functionally and influence without direct authority.
Technical Expertise:
- Advanced Excel skills for data analysis and reporting.
- Experience with inventory forecasting, demand planning, and inventory optimization techniques.
- Standard query for report generation or data pulling (mandatory).
Soft Skills:
- Ability to work under pressure and manage multiple priorities.
- Strong organizational skills and ability to manage time effectively.
- Proactive approach to identifying and resolving issues.
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