Mgr Procurement & Inventory

Key Responsibilities

• Develop and implement procurement strategies to source goods, services, and materials at the best quality, price, and terms.
• Identify, evaluate, and select suppliers/vendors; negotiate contracts, pricing, lead times, and long-term supply agreements.
• Manage supplier relationships as the primary point of contact, ensuring compliance, performance, and risk mitigation.
• Forecast inventory needs based on demand patterns, sales data, production schedules, and business goals.
• Oversee inventory levels, including monitoring stock, setting reorder points, preventing shortages or excess inventory, and optimizing stock turnover.
• Manage purchase orders: create, track, approve, and reconcile them with receipts and invoices.
• Cook up receiving, warehousing, storage, and distribution of goods to maintain accurate physical and system inventory.
• Conduct regular cycle counts, physical inventories, audits, and discrepancy resolution to ensure data accuracy.
• Analyze inventory and procurement data; generate reports on KPIs (e.g., cost savings, stock levels, supplier performance, turnover rates).
• Collaborate with departments like finance, operations, engineering, sales, and planning to align procurement/inventory with overall needs.
• Implement and improve processes, documentation, and ERP/inventory management systems for efficiency.
• Ensure compliance with company policies, industry regulations, and ethical standards in sourcing and inventory handling.
• Lead or supervise procurement/inventory team members, including training, scheduling, and performance management.

Required Skills and Qualifications

• Several years of experience in procurement, purchasing, inventory management, or supply chain roles (often 5+ years, with supervisory experience).
• Strong negotiation, analytical, and problem-solving skills.
• Proficiency in ERP systems (e.g., SAP, Oracle, NetSuite), inventory software, and Microsoft Office/Excel.
• Knowledge of supply chain best practices, inventory control methods (e.g., EOQ, ABC analysis), and forecasting techniques.
• Excellent communication, vendor management, and leadership abilities.
• Attention to detail, with the ability to handle data-driven decisions and multitasking in a fast-paced environment.

Pay

This position’s anticipated base salary range is $70,000 – $85,000 annually. Offer will be determined based on the selected candidate’s experience, knowledge, skills, and abilities.