Inventory Planning Specialist
About The Position
Inventory Planning Specialist Reporting to the Manager of Inventory Planning, the Inventory Planning Specialist is responsible for managing all inventory control and production activities for assigned products including bills of material, purchasing activity, receiving, production order activities, and inventory controls. This person will establish required inventory levels, order points, lead times and usage requirements to ensure target inventory and customer service levels are met. This person will also work closely with product managers to bring innovative, high performing products to market in a cost-effective manner. This position requires you to be in the office Monday-Wednesday with an option to WFH Thursdays/Fridays.
Requirements
- Bachelor’s Degree in Business, or other related field
- 5+ year’s Manufacturing Environment
- 5+ year’s MRP & Inventory Management Systems
- Superior knowledge of Office Systems (Excel, Word, PowerPoint, etc.)
- Proficiency using Quality Systems (ISO, FDA)
Nice To Haves
- Understanding of the concepts of MRP, purchase order and inventory management, integrated computer systems, project management, quality systems programs, sourcing materials
Responsibilities
- Manage material requirements and demand forecasts to increase inventory turns and reduce inventory levels on hand
- Ensure cost-effective use of materials and supplies to give accurate inventory and bill of material records
- Monitor demand to better position future forecast accuracy
- Review inventory transactions, records and reports and reconcile inventory with supplier and/or distribution center to resolve differences
- Work with Sales and Marketing to understand product demand while developing production schedules as necessary to facilitate material requirements planning
- Ensure on-time delivery metrics are met while keeping inventory as a percentage of sales within company objectives
- Negotiate and approve pricing, contracts and purchase commitments for materials, supplies and services for new products and ongoing production
- Work with the new product team to develop cost effective quality products, considering alternative materials and processes
- Administer and collaborate on new product set up processes in the PIM and ERP systems and manage the change order processes for all new and changing products in area of responsibility
- Administer new product set up in the ERP system and manage the change order processes for all new and changing products in area of responsibility
- Monitor customer open order reporting to ensure corrective action or expediting on any unprocessed orders
- Coordinate customer order processing including logos, private label orders and any special customer needs
- Manage and update inputs to back order and past due reporting to ensure incoming inventory levels are accurately communicated to Customer Service.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
