Inventory Management Coordinator 24N25

The Inventory Management Coordinator is a vital role within any organization, ensuring seamless operation of supply chain tasks and maintaining optimal inventory levels. As an Inventory Management Coordinator, you will be responsible for overseeing the planning and execution of inventory strategies that align with company goals and customer demands. The role requires sharp attention to detail, excellent organizational abilities, and comprehensive knowledge of inventory management systems. You will work closely with suppliers, internal departments, and other stakeholders to forecast needs and prevent shortages or excessive amounts of stock. A successful candidate will have a strong analytical mindset and the ability to adapt to fast-paced, ever-changing environments. This position is crucial in guaranteeing efficiency and profitability for the organization by maintaining a balanced inventory that meets both budget constraints and customer satisfaction.

Responsibilities

• Develop and implement effective inventory management strategies to maintain optimal stock levels.
• Monitor and analyze inventory data to identify trends and forecast future needs.
• Coordinate with suppliers to ensure timely delivery and accurate order quantities of goods.
• Manage inventory discrepancies and work with relevant teams to resolve issues efficiently.
• Conduct regular physical inventories and reconcile deviations between physical counts and system data.
• Prepare detailed inventory reports for management and suggest improvements in processes.
• Oversee the return and disposal of surplus or defective items in accordance with company policies.
• Maintain inventory records with accuracy, updating systems as necessary to reflect current stock levels.
• Collaborate with other departments to forecast demand and manage stock accordingly for upcoming projects.
• Ensure compliance with health, safety, and regulatory standards in inventory handling and storage.
• Continuously evaluate and upgrade inventory management software for enhanced performance.
• Train and mentor junior staff in inventory management best practices and procedures.

Requirements

• Bachelor’s degree in Supply Chain Management, Business Administration, or a related field.
• Proven experience in inventory management or a similar supply chain role is essential.
• Strong analytical and problem-solving skills, with a keen attention to detail.
• Proficiency in inventory management software, ERP systems, and Microsoft Office Suite.
• Excellent organizational and time-management abilities to handle multiple tasks efficiently.
• Strong communication skills to work effectively with suppliers and team members.
• Knowledge of industry standards and regulations concerning inventory management practices.