Procurement and Inventory Manager - Five Star Recruiting and Staffing : Job Details

Procurement & Inventory Manager (On-site)

We are seeking an experienced, detail-oriented, and solutions-driven Procurement & Inventory Manager to join this dynamic team. This role is pivotal in managing supplier relationships, overseeing inventory, and procuring materials for third-party manufacturing. The ideal candidate will have a strong background in purchasing strategies and inventory management, with a keen eye for market trends and cost optimization.​

Key Responsibilities:

• Supplier Management:
• Identify and evaluate potential suppliers both domestically and internationally.
• Negotiate and manage contracts, pricing, and payment terms to secure favorable agreements.
• Develop and maintain strong relationships with suppliers to ensure a reliable supply chain.
• Monitor supplier quality and delivery performance, conducting quarterly business reviews.
• Ensure compliance with relevant laws, regulations, and company policies.
• Analyze and manage costs associated with suppliers, implementing strategies to optimize procurement costs.
• Facilitate communication between suppliers and internal teams for seamless operations.​
• Demand Planning for Direct Materials:
• Utilize the Business Central ERP System to determine the quantity and timing of direct materials needed for production.
• Integrate demand forecasts with material planning to ensure accurate and timely procurement.
• Maintain optimal inventory levels to support uninterrupted production.
• Collaborate with suppliers to ensure timely delivery of materials.
• Monitor and manage lead times to align with production schedules.
• Collaborate with third-party manufacturing teams to align material planning with production schedules.
• Implement continuous improvement initiatives to enhance material planning.
• Maintain standard naming conventions and coding structures for direct material part numbers.
• Oversee inventory cycle counts to ensure system accuracy.
• Oversee the processing of daily inventory receipts and transactions.​

Qualifications:

• Minimum of 5 years' experience in Procurement and 5 years in Inventory Management.
• Bachelor's degree in Supply Chain, Business Management, or Engineering preferred.
• Proficient in ERP systems, preferably Business Central 365.
• Proficient in Microsoft Excel, Demand Planning, and SharePoint.
• Strong work ethic, well-organized, and a self-starter.
• Detail-oriented with the ability to work through highly detailed processes reliably and accurately.
• Strong problem-solving skills, documentation skills, research and resolution skills, data analysis, and multi-tasking abilities.
• Ability to work independently and collaboratively in a fast-paced, high-volume environment.
• Team player willing to assist in tasks outside normal responsibilities.​

Performance Metrics:

• Achieve 3-4% direct material cost savings.
• Maintain 99% accuracy of finished goods inventory.
• Maintain 98% cycle count accuracy of raw material inventory.​

Physical Requirements:

• Shuttle shipping and receiving paperwork between office and manufacturing/warehouse sites.
• Walk production facility to cycle count inventory levels.
• Ability to lift cases of product up to 35 lbs.