1. Inventory Planning and Control: Develop and implement inventory management strategies to ensure optimal stock levels, minimize waste, and maximize inventory turnover.
2. Demand Forecasting: Analyze sales trends, seasonality, and market conditions to predict demand and adjust inventory levels accordingly.
3. Supplier Management: Build and maintain relationships with suppliers to negotiate prices, ensure timely deliveries, and resolve any supply chain disruptions.
4. Inventory Optimization: Implement inventory optimization techniques, such as ABC analysis, EOQ, and JIT, to minimize inventory costs and maximize efficiency.
5. Warehouse Management: Oversee warehouse operations, including receiving, storing, and shipping inventory, to ensure accurate and timely inventory movement.
6. Inventory Reporting and Analysis: Provide regular inventory reports and analysis to stakeholders, highlighting trends, issues, and opportunities for improvement.
7. Inventory Accuracy and Compliance: Ensure inventory accuracy and compliance with company policies, regulatory requirements, and industry standards.
8. Cost Control and Reduction: Identify opportunities to reduce inventory costs, such as minimizing waste, optimizing transportation, and renegotiating supplier contracts.
# Key Skills
1. Analytical and Problem-Solving Skills: Ability to analyze data, identify trends, and resolve inventory-related issues.
2. Communication and Interpersonal Skills: Effective communication with suppliers, warehouse staff, and other stakeholders.
3. Leadership and Management Skills: Ability to lead and manage a team of inventory coordinators and warehouse staff.
4. Technical Skills: Proficiency in inventory management software, such as ERP, WMS, and Excel.
5. Time Management and Organization Skills: Ability to prioritize tasks, manage multiple projects, and meet deadlines.
# Key Performance Indicators (KPIs)
1. Inventory Turnover: Measures the number of times inventory is sold and replaced within a given period.
2. Inventory Accuracy: Measures the accuracy of inventory records and physical inventory counts.
3. Fill Rate: Measures the percentage of customer orders filled from existing inventory.
4. Inventory Costs: Measures the total cost of holding inventory, including storage, handling, and maintenance costs.
5. Supplier Performance: Measures the performance of suppliers in terms of delivery times, quality, and price.