Inventory Manager
Island Pezi · Mankato, MN · 3 days ago
ManagementFull-time
Summary And Scope Of The Position
The Inventory & Procurement Manager oversees the procurement of cannabis products and materials, manages inbound logistics, and maintains accurate inventory levels.
Primary Duties And Responsibilities
- Manage purchase orders for products and materials from both internal cultivation partners and licensed external vendors.
- Cook with product development teams on new SKUs and product introductions.
- Monitor and evaluate vendor performance, resolve shipment discrepancies, and maintain strong supplier relationships.
- Track inbound deliveries and ensure proper intake processes, documentation, and compliance with state and tribal regulations.
- Validate product quality and compliance with testing, labeling, and packaging standards.
- Create cost and margin analysis reports and assist in pricing model development.
- Analyze supply chain data to drive informed decisions on production and procurement planning.
- Manage, train, and develop distribution inventory technicians.
- Monitor lead times and manage purchasing timelines to support production flow.
- Oversee the intake process in coordination with the Distribution Manager.
- Continuously review and assess inventory levels to inform purchasing decisions.
- Conduct and participate in regular inventory audits to ensure accuracy.
- Maintain and improve SOPs for inventory control, procurement, and documentation.
- Monitor inventory turnover and maintain optimal stock levels across all product lines.
- Analyze data to establish restocking thresholds, improve forecasting, and enhance purchasing strategy.
- Deliver regular reports and updates to executive leadership and cross-functional teams.
- Communicate upcoming inventory issues or changes to production, sales, and finance teams.
- Aid in preparation for financial audits and regulatory inspections.
- Ensure all procurement and inventory activities align with tribal and state cannabis regulations.
- Maintain complete seed-to-sale traceability for all batches and inbound goods.
- Respond promptly to inventory discrepancies or compliance concerns with appropriate action plans.
- Stay informed of regulatory changes affecting purchasing, storage, or distribution, and adjust procedures accordingly.
Minimum Qualifications
- 1+ years of experience in supply chain, procurement, or inventory management (cannabis or regulated industry preferred).
- Proven experience with vendor negotiation and relationship management.
- Strong understanding of regulatory compliance, especially in cannabis operations.
- High school diploma / GED.
- A valid State issued Driver's License.
- A Passport quality photo.
- Must be 21 years of age or older.
- Must successfully complete the application and Cannabis Commission licensing process in a timely and professional manner.
- Must successfully pass a background check.
- Must successfully pass a drug test for all substances non-cannabis.
Preferred Qualifications
- Prior cannabis knowledge, education, or certification in the cannabis industry.
- 3-5 Years' experience in a similar role.
- Exceptional customer service skills.
- Proficiency in Microsoft Word, Excel, Outlook, and email and internet applications.
- Accurate data entry and record-keeping.
- Knowledge of customer marijuana policies, law, compliance, and regulations.
- Ability to maintain a consistent teamwork mentality.
- Ability to work in a fast-paced, changing, challenging, and busy environment.
- Conflict resolution skills.
- Basic math skills.
Physical Demands
- Regularly sit at a computer and enter data for extended periods of time.
- Regularly call upon to deal with stressful situations and a high work volume.
- Occasionally required to lift up to 25 lbs.
- Occasionally required to bend, stretch, and use hands to handle or feel objects, tools, or controls and to reach with hands and arms.
- Occasionally required to stand, walk, and drive for extended periods of time.
- Scheduling flexibility for some travel.
Mission Statement
Prairie Island CBH, Inc. is a tribally owned cannabis company committed to being a source of pride for our community and the cannabis industry. We operate a highly controlled, high-quality, multi-faceted operation that provides a broad range of cannabis products and services.