What are the responsibilities and job description for the Inventory Specialist position at DBG Arkansas, LLC?
Position Summary
The Senior Inventory Specialist is responsible for analyzing and optimizing inventory control processes, inventory investments, and material management strategies to support business objectives. This position applies advanced analytical skills and independent judgment to identify inventory risks, evaluate trends, develop recommendations, and implement process improvements that enhance inventory accuracy and operational efficiency. The role serves as a key business partner to Operations, Supply Chain, Finance, and Purchasing leadership.
Essential Duties and Responsibilities:
Inventory Analysis & Strategy:
- Analyze inventory performance metrics, trends, and material utilization to support operational and financial objectives.
- Evaluate inventory levels and recommend actions to optimize stock availability while minimizing excess and obsolete inventory.
- Identify inventory-related risks and develop corrective action plans.
- Conduct root cause analysis of inventory variances and develop sustainable solutions.
- Recommend inventory policies, controls, and procedures that improve accuracy and efficiency.
Business Process Improvement:
- Lead inventory control initiatives designed to improve inventory integrity and operational effectiveness.
- Evaluate existing inventory management practices and recommend process improvements.
- Develop and maintain inventory-related standard operating procedures.
- Participate in cross-functional projects involving inventory optimization, warehouse operations, production planning, and supply chain improvements.
- Support implementation and enhancement of ERP and inventory management systems.
Reporting & Decision Support:
- Develop, analyze, and present inventory reports and key performance indicators (KPIs) to management.
- Interpret inventory data and provide recommendations to support business decisions.
- Monitor inventory accuracy, inventory turns, carrying costs, and inventory aging.
- Support forecasting, budgeting, and inventory planning activities through data analysis and business insights.
Leadership & Collaboration:
- Serve as the organization's subject matter expert for inventory control processes.
- Provide technical guidance and training regarding inventory management practices.
- Lead inventory-related projects and continuous improvement efforts.
- Partner with Production, Purchasing, Warehouse, Supply Chain, and Finance leaders to resolve complex inventory issues.
- Influence operational decisions through analysis and business recommendations.
Qualifications:
Experience:
- 5 years of progressive experience in inventory management, supply chain, materials management, operations analysis, or related functions.
- Manufacturing experience preferred.
- Experience utilizing ERP or advanced inventory management systems.
Knowledge, Skills, and Abilities:
- Advanced analytical and problem-solving abilities.
- Strong knowledge of inventory control principles, materials management, and supply chain processes.
- Advanced Microsoft Excel and data analysis skills.
- Ability to evaluate complex business information and make recommendations.
- Strong project management and organizational skills.
- Ability to exercise discretion and independent judgment regarding inventory processes and business operations.
- Excellent interpersonal and communication skills.
Physical Requirements:
- Ability to work in both office and manufacturing environments.
- Occasional warehouse and production floor visits for observation, audits, and process evaluations.
- Must be able to drive a Forklift.
- Occasional lifting of up to 25 pounds.