Inventory and Asset Manager

Location: Plymouth, MI

Department: Procurement

Reports To: Director of Procurement, Purchasing and Assets

Job Overview

The Inventory and Asset Manager is responsible for overseeing the management of the organization’s inventory and assets to ensure accuracy, accountability, and efficiency. This role combines operational control of inventory with strategic management of physical and fixed assets. The manager will implement best practices for tracking, valuation, utilization, and reporting to support operational excellence and financial integrity.

Key Responsibilities

Inventory Management:

• Develop, implement, and maintain inventory control procedures and policies.
• Oversee the receipt, storage, and distribution of materials, products, and supplies.
• Conduct regular cycle counts, audits, and reconciliations to ensure accuracy.
• Collaborate with procurement, production, and logistics teams to align inventory with operational demand.
• Use ERP or warehouse management systems to maintain real-time inventory visibility and reporting.

Asset Management:

• Maintain an accurate asset register, including acquisitions, transfers, disposals, and depreciation tracking.
• Conduct periodic asset audits and coordinate verification of asset locations and conditions.
• Develop asset lifecycle strategies to optimize utilization, performance, and cost efficiency.
• Support sustainability and cost-saving initiatives related to asset use and lifecycle management.

Leadership & Reporting:

• Supervise and train inventory and asset control staff to ensure adherence to standards and procedures.
• Generate and present regular inventory and asset performance reports to senior management.
• Identify process improvements and implement automation or system enhancements where applicable.
• Ensure compliance with company policies, audit requirements, and applicable regulations.

Other duties as assigned.

Qualifications

Experience:

• 5 years of experience in inventory management, asset management, or supply chain operations.
• Proven track record of managing inventory systems and asset registers in a medium to large organization.
• Experience with ERP or asset management software (e.g., NetSuite, IBM Maximo, or similar).

Skills:

• Strong analytical, organizational, and problem-solving abilities.
• Proficiency in Microsoft Excel and data analysis tools.
• Knowledge of inventory valuation, depreciation, and asset lifecycle principles.
• Excellent communication and leadership skills.
• Attention to detail and commitment to accuracy.

Key Performance Indicators (KPIs)

• Inventory accuracy rate
• Shrinkage and loss percentage
• Audit and compliance score

Work Environment

• Office/Warehouse setting
• The position involves regular travel to multiple company facilities and sites to manage distributed inventory and assets, conduct audits, and ensure compliance with operational standards.

Team Verita Benefits!

Financial Wellbeing

• Competitive pay with ongoing performance review and annual merit increase
• 401(k) with company match

Health & Wellness

• Choice of various PPO, HMO, and HSA accompanied plans

Family & Lifestyle

• Paid Time Off, Paid Holidays, Bereavement Leave

Planning for the Unexpected

• Short and long-term disability, life insurance Paid for by the company
• Accidental death & dismemberment Paid for by the company
• Voluntary life insurance, accident, and critical illness