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Inventory Manager
Mac Properties Chicago, IL
$90k-118k (estimate)
Full Time 2 Months Ago
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Mac Properties is Hiring an Inventory Manager Near Chicago, IL

An Inventory Manager is responsible for overseeing and managing the organization's inventory control and management systems. The primary objective is to ensure accurate stock levels, minimize discrepancies, and optimize inventory turnover to meet operational and financial goals. This role involves coordinating with various departments, implementing efficient inventory practices, and utilizing technology to streamline processes. 
Key Responsibilities: 
1. **Inventory Control: ** 
- Develop and implement inventory control procedures to maintain accurate stock levels. 
- Conduct regular audits and cycle counts to identify discrepancies and take corrective actions. 
- Monitor and analyze inventory data to identify slow-moving or obsolete items. 
2. **Order Management: ** 
- Collaborate with purchasing and procurement teams to ensure timely and accurate ordering of goods. 
- Optimize order quantities to maintain an efficient balance between supply and demand. 
- Track and manage supplier performance to ensure reliability and consistency. 
3. **Forecasting: ** 
- Utilize historical data, market trends, and sales forecasts to predict future demand. 
- Work closely with sales and marketing teams to understand promotions, new product launches, and other factors impacting demand. 
4. **Technology Utilization: ** 
- Implement and manage inventory management software and systems. 
- Utilize technology to automate processes, track inventory movements, and generate real-time reports. 
- Stay updated on advancements in inventory management technology to enhance efficiency. 
5. **Cross-functional Collaboration: ** 
- Coordinate with various departments such as logistics, finance, and sales to ensure seamless integration of inventory processes. 
- Communicate effectively with team members and stakeholders to address concerns and implement improvements. 
6. **Risk Management: ** 
- Identify potential risks related to inventory, such as stockouts or overstock situations, and develop contingency plans. 
- Implement measures to prevent loss, theft, or damage to inventory items. 
7. **Performance Metrics: ** 
- Establish key performance indicators (KPIs) to measure and evaluate the effectiveness of inventory management. 
- Regularly analyze performance metrics and implement strategies for continuous improvement. 
8. **Compliance: ** 
- Ensure compliance with regulatory requirements related to inventory management. 
- Stay informed about industry standards and best practices. 
9. **Training and Development: ** 
- Provide training to staff involved in inventory management processes. 
- Foster a culture of continuous learning and improvement within the inventory management team. 
Qualifications: 
- Bachelor's degree in business, supply chain management, or a related field. 
- Proven experience in inventory management, logistics, or supply chain roles. 
- Strong analytical and problem-solving skills. 
- Excellent communication and interpersonal skills. 
- Proficiency in inventory management software and Microsoft Excel. 
- Knowledge of industry regulations and best practices. 
Please be advised that ALL new hires will be required to successfully complete a criminal background investigation and a medical examination, which includes a drug screening, prior to employment. The receipt of satisfactory responses to reference requests, and the provision of satisfactory proof of an applicant's identity and legal authority to work in the United States are also required 

Job Summary

JOB TYPE

Full Time

SALARY

$90k-118k (estimate)

POST DATE

02/06/2024

EXPIRATION DATE

06/13/2024

WEBSITE

macapartments.com

HEADQUARTERS

KANSAS CITY, MO

SIZE

50 - 100

FOUNDED

2002

CEO

LAURA BLISS

REVENUE

$10M - $50M

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About Mac Properties

Mac Properties is committed to realizing its vision of enabling better lives through better homes by building, renovating, and managing exceptional apartment rentals and fostering extraordinary communities in Kansas City, St. Louis and Chicago. Understanding that the quality of ones home directly affects the quality of ones life, Mac strives to provide the best possible living experience for its residents, facilitating their modern lifestyles while preserving the architectural heritage and enhancing the infrastructures of their neighborhoods. Want to learn a little bit more about us? Check thi...s out! https://www.youtube.com/watch?v=1evm3H637i8 Check out all of our open roles at http://maccareers.force.com/ More
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The job skills required for Inventory Manager include Inventory Control, Inventory Management, Supply Chain, Logistics, Problem Solving, Purchasing, etc. Having related job skills and expertise will give you an advantage when applying to be an Inventory Manager. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Inventory Manager. Select any job title you are interested in and start to search job requirements.

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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.

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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.

Butler University
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United States Merchant Marine Academy
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