Inventory Manager

divh2Inventory Manager/h2pChesterfield, MI 48051/ph3Job Summary/h3pThe Inventory Manager is responsible for overseeing all aspects of inventory management within the organization, including inventory control, stock replenishment, and inventory optimization. This role involves developing and implementing inventory policies and procedures to ensure accurate inventory counts, minimize stockouts and excess inventory, and maximize inventory turnover./ph3Duties/Responsibilities/h3pInventory Control:/pulliDevelop and implement inventory control procedures to ensure accurate inventory counts and minimize discrepancies./liliConduct regular inventory audits and cycle counts to verify stock levels and identify any discrepancies./liliInvestigate and resolve inventory discrepancies, including root cause analysis and corrective action implementation./liliUtilize Epicor for all core inventory transactions, including part master maintenance, inventory adjustments, transfers, and detailed transaction tracking./li/ulpStock Replenishment:/pulliMonitor inventory levels and forecast demand to determine optimal stock levels and reorder points./liliCoordinate with procurement and purchasing teams to place orders with suppliers and replenish stock as needed./liliOptimize inventory replenishment processes to minimize lead times and ensure timely availability of stock./li/ulpInventory Optimization:/pulliAnalyze inventory data and performance metrics to identify opportunities for optimization and cost savings./liliImplement inventory optimization strategies, such as ABC analysis, to prioritize inventory management efforts./liliDevelop and maintain inventory performance indicators (KPIs) to track performance and identify areas for improvement./li/ulpSupplier Management:/pulliEstablish and maintain relationships with suppliers and vendors to ensure timely delivery of materials and supplies./liliNegotiate pricing, terms, and contracts with suppliers to optimize inventory costs and terms./liliMonitor supplier performance and address any issues or concerns related to quality, delivery, or pricing./li/ulpProcess Improvement:/pulliIdentify opportunities to streamline inventory management processes and improve efficiency./liliImplement best practices and automation tools to optimize inventory workflows and reduce manual effort./liliCollaborate with cross-functional teams to implement process improvements and drive continuous improvement initiatives./li/ulpTeam Leadership and Development:/pulliRecruit, train, and supervise inventory control staff, and cycle counters./liliProvide coaching and support to team members to enhance their skills and performance./liliFoster a positive work environment and promote teamwork and collaboration among team members./li/ulpCross-Departmental Collaboration:/pulliWork effectively across departments, including Operations, Sales, Finance, and Purchasing, to understand business needs and co-create practical solutions./liliCollaborate with stakeholders to identify inventory-related challenges and develop optimized procedures that support overall company goals./liliFacilitate regular cross-functional meetings and communication to align on inventory strategies, resolve issues quickly, and drive continuous optimization of processes and workflows./li/ulh3Qualifications/h3pCompetencies:/pulliExcellent verbal and written communication skills./liliExcellent organizational skills and attention to detail./liliExcellent time management skills with a proven ability to meet deadlines./liliStrong analytical and problem-solving skills./li/ulpEducation and Experience:/pulliBachelors degree in business administration, Supply Chain Management, or a related field (preferred)./liliProven experience in inventory management or related roles, preferably in a manufacturing, distribution, or packaging environment./liliStrong hands-on experience with Epicor for inventory control, MRP, and reporting./lili2-4 years of experience./li/ulpPhysical Requirements:/pulliAbility to sit at a desk and work on a computer for prolonged periods of time./liliFrequent ability to walk, stand, and navigate the plant floor to locate materials, perform cycle counts, and observe inventory processes./liliMust be able to safely move around the manufacturing environment, which may include climbing stairs, walking on uneven surfaces, and wearing appropriate personal protective equipment (PPE) as required./li/ul/div