What are the responsibilities and job description for the Inventory Specialist position at Acme Tools?
Title: Inventory Specialist
Who We’re Looking For
Acme Tools is currently looking for a naturally curious problem solver with a passion for data accuracy to join our growing, innovative Purchasing team as an Inventory Specialist. You might be perfect for this role if you love to stay on top of product inventory levels and have a keen eye for detail. You also have a proven ability to develop and implement impactful solutions based on research and manufacturer information and can communicate those effectively with your fellow Purchasing comrades. You are constantly learning, a team-player, have a deep understanding of the internet, and never balk at taking on new challenges!
About Acme Tools
Acme Tools was founded as Acme Electric Motor in 1948 and continues to be a family-owned operation with thirteen locations and over 700 Acme team members across North Dakota, Minnesota, and Iowa. In 1999, Tool Crib of the North, Acme’s catalog, and internet division, was acquired by Amazon.com. After rebranding as Acme Tools, we are now one of the premier retailers of tools and equipment online within the United States.
You’ll Enjoy Our
Who We’re Looking For
Acme Tools is currently looking for a naturally curious problem solver with a passion for data accuracy to join our growing, innovative Purchasing team as an Inventory Specialist. You might be perfect for this role if you love to stay on top of product inventory levels and have a keen eye for detail. You also have a proven ability to develop and implement impactful solutions based on research and manufacturer information and can communicate those effectively with your fellow Purchasing comrades. You are constantly learning, a team-player, have a deep understanding of the internet, and never balk at taking on new challenges!
About Acme Tools
Acme Tools was founded as Acme Electric Motor in 1948 and continues to be a family-owned operation with thirteen locations and over 700 Acme team members across North Dakota, Minnesota, and Iowa. In 1999, Tool Crib of the North, Acme’s catalog, and internet division, was acquired by Amazon.com. After rebranding as Acme Tools, we are now one of the premier retailers of tools and equipment online within the United States.
You’ll Enjoy Our
- Work-Life Balance
- Professional Development Training
- Competitive Pay & Annual Performance-Based Increase Opportunities
- Generous PTO plan that starts accruing on day 1!
- Paid Holidays – we are closed the 6 major holidays of the year
- Maternity Leave (partially paid through company paid short-term disability!)
- Work environment where everyone strives to do their best work and can see their impact on the company
- Community Involvement Opportunities
- Generous Employee Discounts
- Various Medical, Dental, & Vision Insurance Plans To Fit Any Lifestyle & Family
- Supplemental Health Insurance Add-On Programs
- Medical & Dependent Care Flexible Spending Accounts
- 100% Company Paid Short- & Long-Term Disability Insurance
- 401(k) Program & Company Matching
- 100% Company Paid Life Insurance
- Collecting and analyzing data sales trends and forecasting purposes
- Analyze information and develop recommendations to drive sales
- opportunities, improve margins and increase inventory turns
- Making recommendations for category inventory levels to achieve optimal profitability, ensure maximum turn and in-stock position
- Work closely with vendor plant personal to facilitate a timely and accurate order-fulfillment process
- Maintain effective working relationships with suppliers
- Focus and tracking daily sales
- Leveraging analytical skills to identify shortage opportunities, uncovering root causes, proposing solutions and driving change
- Demonstrating ability to complete complex projects simultaneously meeting objectives, timeliness, and achieving positive financial results
- Maximize sales, profits and inventory flow
- Generate orders to replenish stores/DCs
- Track purchase orders to assure product arrives on time and receiving the correct quantities
- React to purchase orders that are more than seven days past due and those with backorders
- Provide stores with the correct amount of inventory to cover sales during promotion
- Follow up orders to maintain proper inventory levels after promo
- A Bachelor’s degree in a business field or at least 2 years of related experience
- Microsoft Excel and word processing software proficiency
- Strong written and verbal communication, organization, and presentation skills with the ability to write reports and business correspondence
- Knowledge of calculating figures and amounts such as profit margins, discounts, percentages, and inventory levels
- A natural curiosity for how things works and the ability to adapt to ever-changing internet world
- Ability to work autonomously and part of a team environment, and to keep a high degree of confidentiality of all department and company information
- Prior experience with inventory control practices and web analytics
- Point of sale system experience working in a retail environment
- Bonus points for tool and equipment industry knowledge
- Employment offers are contingent on drug-screen and background check. Relocation to Grand Forks, ND required.