What are the responsibilities and job description for the Inventory Manager position at Thrive?
We're Growing! Thrive Dispensary, owned and operated by MariMed, is excited to announce the opening of our newest dispensary in Columbus, OH Metropolitan Area. As we prepare to welcome customers, we're building a team of passionate, customer-focused professionals who are committed to delivering exceptional service and creating an outstanding guest experience. If you're looking to grow your career with a company that's making an impact, we'd love to hear from you.
MariMed is a multi-state cannabis operator in the United States, dedicated to improving lives every day through our high- quality products, our actions, and our values. We develop, own and manage seed to sale state-licensed, state-of-the-art, regulatory-compliant facilities for the cultivation, production and dispensing of medical and adult-use cannabis. Our award-winning portfolio of trusted cannabis brands, crafted with quality and innovation, are recognized and loved by consumers across the country. With a commitment to excellence, MariMed continues to drive growth and set new standards in the cannabis industry.
The Inventory Manager is responsible for 100% inventory accuracy and tracking of all plants and plant products to comply with all Ohio Division of Cannabis Control ("DCC") compliance requirements relative to cultivation, manufacturing, processing, and transferring final packaged products of cannabis and MIPs.
The Inventory Manager is responsible for executing METRC procedures to prevent loss through expiration, diversion, and other issues related to commercial cannabis and MIP handling and processing, and through DUTCHIE, ensuring state compliance and inventory requirements are met and in parallel and precise with METRC for all plants, harvests, finished and packaged products, and transfers. Execute inventory control measures to ensure accurate inventory of all plants, infused products, finished and packaged products, including conducting state-mandated and internal audits to meet state audit compliance requirements and company audit requirements. Responsible for the dispensary inventory control functions for accurate monitoring and replenishing of inventory levels so materials and supplies are always in stock and available for dispensary, manufacturing, and production processes within the facility. Additionally, this role will serve as the point of contact for METRC inquiries during inspections by local and state regulatory agencies (DCC) and execute all necessary documents and reporting following any findings from an inspection.
Essential Functions:
- Implementing and evaluating inventory controls to track and account for all facility inventory and ensure optimization of procedures.
- Receiving incoming transports and verifying them against manifests, invoices, and METRC transfer records prior to acceptance.
- Reconciling physical inventory with METRC and internal reporting systems to ensure all records match and discrepancies are resolved promptly.
- Investigating and correcting inventory variances, including documenting root causes and implementing preventive measures.
- Properly filing and maintaining all receiving invoices, manifests, and supporting documentation in accordance with company record-retention and compliance requirements.
- Implementing procedures and notification policies for proper disposal of cannabis and cannabis products in compliance with DCC regulations.
- Coordinating with the Head of Purchasing for weekly dispensary order-fulfillment needs and executing fulfillment of these orders.
- Maintaining an appropriate balance of MED/REC items on the menu at all times to meet customer demand and regulatory requirements.
- Ensuring product stock is adequate for direct customer demand and all distribution channels while minimizing overstock and stockouts.
- Using DUTCHIE, METRC, and other software tools to monitor and maintain records, including operating procedures, inventory records, audit records, storage records, delivery records, and transfer records.
- Maintaining documents for each day’s beginning balance, acquisitions, sales, disposals, and ending inventory.
- Reviewing recorded daily deliveries and shipments to reconcile inventory and identify any discrepancies.
- Analyzing inventory and sales data to anticipate future needs and support purchasing decisions.
- Reviewing levels of business supplies and raw materials with Inventory Leads to identify shortages and plan replenishment.
- Evaluating suppliers to achieve cost-effective deals and maintain strong, compliant vendor relationships.
- Placing orders to replenish stock, avoiding excess surplus or insufficiencies that impact operations or compliance.
- Ensuring proper storage, labeling, tracking, and reporting of inventory in accordance with DCC and company standards.
- Collaborating with Inventory Leads and other staff to ensure inventory-related business goals are met.
- Reporting to upper management on stock levels, inventory issues, discrepancies, and corrective actions.
Experience Requirements:
- 2-4 years Inventory Management Experience
- Working knowledge of inventory management software.
- Excellent knowledge of data analysis and forecasting methods.
- Preferred experience in the cannabis industry.
- Knowledge and understanding of DCC regulations and requirements.
Education and Professional Requirements:
- Highschool or Equivalent
- Must be 21 or older
- Must be able to pass a comprehensive background check annually
Physical Requirements and Working Conditions:
- Ability to lift up to 50 lbs. and push/pull up to 50 lbs.
- Ability to perform the following physical tasks: sitting, standing, stooping, stretching, walking, bending, twisting, reaching, performing repetitive motions, and carrying boxes.
Pay: $45,000.00 - $55,000.00 per year
Benefits:
- Dental insurance
- Health insurance
- Vision insurance
Ability to Commute:
- Columbus, OH (Required)
Work Location: In person
Salary : $45,000 - $55,000