Inventory Management Specialist

3 weeks ago

Cambridge, Ontario, Canada Septodont Full time
Job Summary

The Inventory Management Analyst is a key role at Septodont, responsible for monitoring and analyzing inventory levels, identifying trends, and making recommendations to optimize inventory management. This role will work closely with cross-functional teams to ensure inventory accuracy and raw material availability to meet production demands.

Responsibilities
  • Evaluate and distribute inventory resources to various locations and departments to promote efficient storage, organization, and use of materials.
  • Analyze inventory expiry health and flag near expiry/retest items to relevant teams for action.
  • Ensure optimal and accurate inventory movement and availability across storage sites.
  • Manage the release of materials process, maximizing inventory availability.
  • Trigger stock adjustments and replenishment flags based on non-consumption inventory changes.
  • Identify inventory losses, overages, and shortages by documenting and evaluating inventory reports and drawing conclusions to improve inventory systems.
  • Perform calculations and analyses to track and update inventory data and statistics.
  • Proactively identify key risks to future supply chain needs and propose and drive necessary changes to address them.
  • Develop and drive operational excellence/continuous improvement.
  • Manage and run cycle counts and inventory obsolescence reports.
  • Liaise with and maintain effective relationships with operational departments.
  • Develop pro-active measures to minimize low inventory issues and out of stock situations at the warehouse level.
  • Identify and investigate inventory reduction opportunities.
  • Maintain and improve the company's inventory needs by analyzing statistics.
  • Prepare inventory reports and analysis as required.
  • Assist with inventory forecasting.
  • Assist with specific projects as requested for supply chain demands.
  • Observe and support all safety guidelines and regulations.
  • Follow GMP and regulatory requirements, and ensure quality standards are met.
  • Model the Company Missions, Vision and Values Statements, policies, and current standards business practices.
  • Perform other related duties and or special projects as assigned by the manager.
Qualifications
  • A post-secondary education in Supply Chain Management or equivalent work experience.
  • 3+ years of inventory analysis experience.
  • Advanced excel skills.
  • Strong knowledge of inventory and logistics control within the pharmaceutical industry.
  • Relevant experience using ERP systems, including all different inventory transactions.
  • Proven analytical and problem-solving skills with the ability to manage projects and multiple priorities with minimal direction.
  • Effective communication skills both verbal and written with the ability to work within interdepartmental teams.
  • Reliable and trustworthy and a self-starter.
  • Excellent customer service and troubleshooting skills.
What We Offer
  • Excellent compensation/benefits package.
  • Bonus and reward programs.
  • Discounted gym memberships.
  • Programs supporting work-life balance.
  • Employee recognition program.
  • Professional and personal development programs.
  • Social events and spirit days.

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