2 Inventory Manager Jobs in Lincoln, RI
HomeX Services Group is Hiring an Inventory Manager Near Lincoln, RI
Job Description
Position Overview
The Inventory Manager is responsible for overseeing and managing all aspects of inventory within the organization. The role involves developing and implementing inventory control strategies, optimizing inventory levels, monitoring stock movements, and ensuring accurate and efficient inventory management processes.
Essential Job Functions
- Assist warehouse operations by stock control, inventory management, including vehicle inventory.
- Become proficient in the Company's software application.
- Monitor inventory levels regularly and develop strategies to optimize stock levels while minimizing carrying costs and stockouts.
- Implement inventory control measures to prevent loss, theft, or damage to goods.
- Adjust inventory levels based on seasonal variations, promotions, and other factors affecting demand.
- Assist with organizing an orderly and efficient warehouse layout to enable smooth movement of goods and optimize storage space.
- Implement proper labeling and categorization of inventory items.
- Collaborate with procurement team to negotiate favorable terms and pricing with vendors to optimize procurement.
- Address and resolve any quality issues promptly.
- Maintain accurate and up-to-date records of inventory levels, transactions, and warehouse activities.
- Generate regular reports on inventory performance, stock movement, and other warehouse metrics.
- Analyze data to identify trends and recommend inventory optimization strategies.
- Conduct training programs to enhance the skills and knowledge of inventory personnel.
- Identify opportunities for process optimization within the warehouse and implement best practices to increase efficiency and productivity.
- Continuously seek ways to improve service delivery through better warehouse management.
- Assist with maintaining data in centralized flat rate pricebook, working with various departments and platform businesses.
- Monitor inventory transactions for accuracy across platform businesses.
- Monitor inventory costing for accuracy, correcting as needed.
- Assist with inventory processes and procedures across platform businesses.
- Assist with integrating new acquisitions from an inventory perspective.
- Travel to platform businesses as needed (Estimated 10%)
Required Skills and Experience
- Bachelor's degree in Logistics, Supply Chain Management, Business Administration, or a related field (or equivalent experience).
- Proven experience as an Inventory Manager or in a similar role.
- Strong knowledge of warehouse management systems (WMS) and inventory control principles.
- Excellent organizational and time management skills to handle multiple tasks and meet deadlines.
- Familiarity with safety regulations and procedures related to warehouse operations.
- Problem-solving skills and the ability to make quick decisions in a dynamic environment.
- Strong leadership and communication abilities to coordinate with various teams and vendors.
- Proficiency in using warehouse management software, and enterprise resource planning software
- Proficiency in using MS Office software (Outlook, Word, PowerPoint, etc.)
- High proficiency in Microsoft Excel with understanding of advanced formulas (XLOOKUP, Pivot Tables, Conditional Formatting, etc.)
- Physical stamina and ability to lift and move heavy objects when required.
- Commitment to maintaining a clean, safe, and efficient warehouse environment.
Job Summary
Full Time
$96k-126k (estimate)
05/07/2024
05/20/2024
The following is the career advancement route for Inventory Manager positions, which can be used as a reference in future career path planning. As an Inventory Manager, it can be promoted into senior positions as a Parts Director that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Inventory Manager. You can explore the career advancement for an Inventory Manager below and select your interested title to get hiring information.
If you are interested in becoming an Inventory Manager, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become an Inventory Manager for your reference.
Step 1: Understand the job description and responsibilities of an Accountant.
Quotes from people on Inventory Manager job description and responsibilities
They lead a team of inventory or warehouse workers to receive and record new stock as it comes in and move stock onto trucks or shelves as needed and do some warehouse management housekeeping.
02/17/2022: Saint Louis, MO
Perform and manages inventory tracking system to record deliveries, shipments and stock levels.
04/13/2022: Chicago, IL
Make a plan and analyzes daily product and supply levels to anticipate inventory problems and shortages.
03/13/2022: Shreveport, LA
They may also need to find a way to evaluate what products are moving and what products are not.
03/05/2022: Lawrence, MA
Establish and develops business relationships with suppliers and clients.
02/19/2022: Frankfort, KY
Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.
Career tips from people on Inventory Manager jobs
Inventory Manager also need to be aware of SKU numbers and barcodes of every products.
02/26/2022: Syracuse, NY
Don’t get stuck, you should be highly organized and have detailed knowledge of supply chain management software and practices to be a good inventory manager.
03/12/2022: Poughkeepsie, NY
A good inventory manager appreciates and promote diversity of people and ideas.
04/12/2022: Fairbanks, AK
A good inventory manager are those with determination, trustworthy and reliable at all times.
03/05/2022: Lima, OH
A good inventory manager should be proactive
04/05/2022: Orlando, FL
Step 3: View the best colleges and universities for Inventory Manager.
