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Inventory Manager
2 months ago
This role is responsible for managing and optimizing inventory for our manufacturing facilities to ensure timely delivery of products at the best value. The ideal candidate will have a strong background in inventory management, purchasing, or related business experience.
Key Responsibilities- Inventory Management: Develop and implement inventory management strategies to minimize stockouts and overstocking, utilizing inventory management best practices.
- Procurement: Initiate and implement replenishment programs for Bill Of Material (BOM) items, focusing on automation and process optimization.
- Supplier Management: Manage supplier relationships to ensure maximum value and contribute to sourcing initiatives.
- Cost Savings and Process Improvements: Identify and recommend opportunities for cost savings and process improvements.
- Reporting and Analysis: Develop and maintain reports and analysis of weekly/monthly Key Performance Indicators (KPIs) with explanation of variances.
- Master Data Management: Maintain accurate and up-to-date master data in our ERP system.
- Purchase Order Management: Release purchase orders after validation of MRP recommendations, considering budget and demand forecast.
- KANBAN and Min-Max Management: Monitor and manage inventory levels to ensure sites have materials to run daily operations efficiently.
- Strategic Sourcing and Contract Management: Work with Strategic Sourcing on sourcing activities and contract implementation, as well as ongoing contract management and vendor management activities.
- Product Complaints and Resolution: Manage and monitor product complaints and resolution through Quality SCAR process.
- New Product Implementation: Support the new product implementation process utilizing a Stage Gate process, led by Innovation.
- Purchasing and Inventory Management Reports: Prepare, analyze, and maintain purchasing/inventory management reports.
- Education: Post-secondary education in Supply Chain, Business, or related field is preferred.
- Certifications: APICS, CPIM, CSCP, SCMAO – certifications are an asset.
- Experience: At least 5 years of experience in Inventory Management, Purchasing, or related business experience (Indirect or Direct purchasing in a manufacturing environment).
- Skills: In-depth knowledge of Kanban systems/VMI, plant operations, and MRP systems. Advanced knowledge of Excel and Microsoft Office tools, including Pivot Tables, VLOOKUPS, and Macros. Experience with PowerBI is a strong asset.