Inventory Executive (225-724)

An Inventory Executive plays a crucial role in optimizing inventory processes to ensure that an organization's inventory is maintained at appropriate levels. This position entails strategizing and implementing inventory management strategies, analyzing inventory data, and coordinating with other departments to align inventory levels with business objectives. The Inventory Executive must be proactive in identifying inefficiencies and proposing solutions to streamline operations, reduce waste, and cut costs. Additionally, this role requires an analytical mindset to forecast future inventory needs, assess market trends, and respond to demand fluctuations. By maintaining accurate records and executing precise control measures, the Inventory Executive ensures that adequate inventory is available for operational and sales activities, contributing to the overall success and efficiency of the business operations.

Responsibilities

• Develop and implement inventory management strategies to optimize stock levels.
• Track and analyze inventory data for insights and strategic planning.
• Coordinate with sales and operational teams to sync inventory with demand.
• Monitor inventory levels and adjust orders to maintain optimal stock.
• Collaborate with suppliers to negotiate favorable terms and manage orders.
• Identify and resolve discrepancies between physical and recorded inventory.
• Conduct regular audits to ensure accuracy and integrity of inventory records.
• Create reports to provide insights into inventory performance and trends.
• Implement improvements to minimize waste and reduce excess stock.
• Facilitate communication between departments to streamline inventory processes.
• Support budgeting and forecasting through precise inventory management practices.
• Ensure compliance with industry regulations and internal policies.

Requirements

• Bachelor’s degree in Supply Chain Management, Business Administration, or related field.
• Proven experience in inventory management, supply chain, or related role.
• Strong analytical skills with the ability to interpret complex data sets.
• Proficiency in inventory management software and Microsoft Office Suite.
• Excellent communication and interpersonal skills for team collaboration.
• Ability to manage multiple tasks and meet tight deadlines efficiently.
• Strong problem-solving skills and attention to detail are essential.