What are the responsibilities and job description for the Inventory Manager position at MILLSTONE MEDICAL OUTSOURCING?
Come join Millstone Medical and become part of a high growth company where you will have the opportunity to learn and grow in an employee-centric culture and see the importance of your work!
Millstone is a fast growing, fast paced medical service provider for the top Orthopedic companies in the industry. Millstone’s business focus is sterile and non-sterile packaging of medical devices.
Millstone also engages in other activities, such as mechanical inspection and assembly, which are designed to meet the outsourcing requirements of medical device manufacturers seeking to reduce costs while maintaining high levels of quality, accuracy, and timeliness. We are FDA and ISO registered and employ a detailed internal quality system to ensure ISO compliance.
What's in it for you?
A company committed to quality, growth, career pathing.
At Millstone, we want you to be your best at work and at home. In addition to competitive compensation, we have designed our Total Rewards Benefits Program to support the physical and emotional well-being of our employees and their families.
Total Rewards Benefits Program:
• Medical, Dental & Vision - Starting on the 1st day of employment
• Supplemental Benefits - Life, Disability, Critical Illness
• Paid Time Off
• Tuition Reimbursement
• Career Pathing
Millstone Medical Outsourcing is looking to hire an experienced Inventory Manager for 1st shift.
Position Summary
The Inventory Manager is responsible for overseeing and managing the inventory and stock levels of an organization to ensure optimal stock levels, minimize costs, and prevent stockouts or overstocking. This role requires strong organizational, analytical, and leadership skills to maintain accurate inventory records and coordinate with various departments.
Job Specific Competencies:
Inventory Control:
• Monitor inventory levels and ensure optimal stock quantities.
• Develop and implement inventory control procedures.
• Conduct regular audits to verify accuracy and identify discrepancies.
Procurement Coordination:
• Collaborate with procurement teams to order new stock based on forecasted needs.
• Negotiate with suppliers to ensure timely delivery and cost-effectiveness.
• Maintain strong supplier relationships.
Data Management:
• Use inventory management software to track and record stock movements.
• Generate detailed inventory reports for management review.
• Analyze inventory data to forecast trends and improve inventory strategies.
Warehouse Management:
• Organize and oversee stock storage for efficient use of warehouse space.
• Ensure compliance with safety regulations in storage and handling.
• Coordinate with warehouse staff for accurate inventory handling.
Team Leadership:
• Lead and train inventory staff to maintain accurate records and follow company policies.
• Set performance metrics and conduct regular evaluations.
• Foster a team-oriented work environment.
Loss Prevention:
• Identify and address causes of inventory loss, including theft or spoilage.
• Implement strategies to minimize waste and obsolescence.
Cross-Functional Collaboration:
• Work closely with sales, operations, and logistics teams to align inventory levels with business needs.
• Support product launches and promotional campaigns with adequate stock availability.
Qualifications:
• Bachelor’s degree in supply chain management, logistics, business administration, or a related field.
• Minimum of 5 years’ proven experience in inventory management or a related role.
• Proficiency in inventory management software (e.g., SAP, Oracle, or similar tools).
• Strong analytical and problem-solving skills.
• Excellent organizational and communication skills.
• Familiarity with supply chain and logistics operations.
• Leadership and team management experience.
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To learn more about Millstone Medical, please visit us online at www.millstonemedical.com.
Additional Information:
Millstone Medical Outsourcing provides equal employment opportunity to all applicants and employees. No person is to be discriminated against in any aspect of the employment relationship due to race, religion, color, sex, age, national origin, ancestry, disability, sexual orientation, gender identity, genetic information, citizenship status, marital status, pregnancy, veteran status, or any other status protected by applicable federal, state, or local law.