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Inventory and Purchasing Manager

3 months ago

Mississauga, Canada Canada Welding Supply Inc. Full time

Canada Welding Supply is an ecommerce business changing the way the industry shops We pride ourselves in our exceptional customer service, and quality, industry-forward product offerings. We're a small, fast-growing business that's looking for the right team members who are excited to grow with us. We work in a collaborative environment where everyone's opinion matters and employees are encouraged to come to work as their authentic selves.

**The Inventory & Purchasing Manager **at Canada Welding Supply will play a critical role in managing inventory levels and purchasing activities to support our business operations. This position requires a detail-oriented individual with strong analytical skills and a deep understanding of inventory management principles.

**Inventory Management**:

- Develop and implement inventory control procedures to ensure accuracy and efficiency.
- Monitor inventory levels and forecast demand to prevent stockouts and overstock situations.
- Conduct regular inventory audits to reconcile discrepancies and identify areas for improvement.
- Optimize inventory turnover and minimize carrying costs while maintaining adequate stock levels.
- Purchasing:

- Work with current suppliers, be aware of pricing terms and ensure we're always receiving optimal pricing and taking advantage of rebates, savings where applicable.
- Place purchase orders based on inventory requirements and sales forecasts.
- Coordinate with vendors to track order status, resolve issues, and ensure timely delivery of goods.
- Continuously evaluate supplier performance and identify opportunities for cost savings and process improvements.

**Data Analysis and Reporting**:

- Analyze sales trends, inventory turnover, and other relevant metrics to inform purchasing decisions.
- Generate reports and provide insights to management on inventory performance, purchasing trends, and cost-saving opportunities.
- Utilize inventory management software and tools to streamline processes and maintain accurate records.

**Team Management**:

- Provide coaching to team of 2 Operations Associates, providing continuous learning opportunities and mentorship to the team.
- Conduct annual performance reviews

**Cross-functional Collaboration**:

- Collaborate with other departments such as sales, marketing, and warehouse operations to align inventory strategies with business goals.
- Communicate effectively with stakeholders to ensure clear understanding of inventory needs and priorities.
- Participate in strategic planning meetings to contribute insights and recommendations for improving inventory management practices.

**Qualifications**:

- Bachelor's degree in Business Administration, Supply Chain Management, or related field.
- Proven experience in inventory management and purchasing, preferably within the Ecommerce industry.
- Experience in industrial supplies or hard goods industry is considered an asset.
- Strong analytical skills with the ability to interpret data and make informed decisions.
- Excellent communication and negotiation skills.
- Proficiency in inventory management software and Microsoft Excel.
- Detail-oriented with a focus on accuracy and efficiency.
- Ability to thrive in a fast-paced, dynamic environment and adapt to changing priorities.

**Salary**: $65,000.00-$90,000.00 per year

**Benefits**:

- Casual dress
- Company events
- Dental care
- Discounted or free food
- Extended health care
- On-site parking
- Paid time off
- RRSP match
- Store discount
- Vision care
- Work from home

Schedule:

- Monday to Friday

**Education**:

- Bachelor's Degree (preferred)

**Experience**:

- purchasing: 5 years (required)

Ability to Commute:

- Mississauga, ON (required)

Work Location: In person

Application deadline: 2024-03-09