Procurement and Inventory Manager

Key Responsibilities

• Identify, evaluate, and negotiate with suppliers and vendors to secure favorable pricing, terms, and delivery schedules
• Create and manage purchase orders, ensuring timely approval and delivery
• Maintain accurate inventory records using inventory management software (e.g., ERP, WMS systems)
• Set and monitor reorder points, safety stock levels, and economic order quantities
• Conduct regular physical inventory counts and cycle counts; reconcile discrepancies
• Coordinate with warehouse staff on receiving, storage, and stock rotation (FIFO/LIFO as applicable)
• Analyze inventory turnover and carrying costs to optimize stock levels
• Collaborate with production, sales, and finance teams to align inventory with demand forecasts
• Prepare reports on procurement spend, inventory levels, supplier performance, and cost savings
• Identify process improvement opportunities to increase efficiency and reduce costs
• Support audits and ensure compliance with internal controls

Qualifications

• Bachelor's degree in Supply Chain Management, Business Administration, Logistics, or related field (or equivalent experience)
• 3-5+ years of experience in procurement, purchasing, or inventory management
• Experience with ERP/inventory systems (SAP, Oracle, NetSuite, QuickBooks, etc.)
• Strong negotiation and vendor management skills
• Analytical mindset with proficiency in Excel/data analysis
• Excellent organizational and multitasking abilities
• Strong communication skills for cross-departmental coordination
• Knowledge of supply chain principles (JIT, EOQ, demand forecasting)
• Detail-oriented with strong problem-solving skills