Overview
Inventory Planning Specialist Jobs in Greater Minneapolis-St. Paul Area at Ergodyne
Title: Inventory Planning Specialist
Company: Ergodyne
Location: Greater Minneapolis-St. Paul Area
Inventory Planning Specialist
Reporting to the Inventory Planning Manager, the Inventory Planning Specialist is responsible for managing all inventory control and production activities for assigned products. More specifically including… bills of material management, demand forecasting, purchasing activity, receiving, and vendor and freight partner communication. This person will establish the required inventory levels, order points, lead times and usage requirements to ensure target inventory and customer service levels are met. This person will also work closely with product managers and sourcing to bring innovative, high performing products to market in a cost-effective manner. This position requires you to be in the office Monday-Wednesday with an option to WFH Thursdays/Friday.
You have already accomplished (required):
Bachelor’s Degree in Business, or other related field
3+ year’s Manufacturing/Inventory Procurement Environment
3+ year’s MRP & Inventory Management Systems
Superior knowledge of Office Systems (Excel, Word, PowerPoint, etc.)
You may have already accomplished (preferred):
Understanding of the concepts of MRP, purchase order and inventory management, integrated computer systems, project management, sourcing materials
Experience using inventory planning software such as StockIQ, ERP systems such as NetSuite by Oracle, and PIM systems such as Salsify
What YOU are good at:
Can communicate with all styles to foster ever improving teamwork
Is organized for productivity and efficiency, yet flexes to anticipate and meet the needs of others
Makes thoughtful, creative, and timely decisions after analyzing situations
Stays current. Demonstrates a passion for learning with reading, research, and networking
What WE are good at:
Working Hard. Playing Hard. Living Tenaciously
Making well-crafted, innovative, high-function products that Make The Workplace A Betterplace™
Being distinctively and disruptively creative from bow to stern
Endeavoring to be fair-minded, transparent and positive in all we say and do
Addendum:
Manage material requirements and demand forecasts to increase inventory turns and reduce inventory levels on hand
Ensure cost-effective use of materials and supplies to give accurate inventory and bill of material records
Monitor demand to better position future forecast accuracy
Review inventory transactions, records and reports and reconcile inventory with supplier and/or distribution center to resolve differences.
Work with Sales and Marketing to understand product demand while developing production schedules as necessary to facilitate material requirements planning
Ensure on-time delivery metrics are met while keeping inventory as a percentage of sales within company objectives
Negotiate and approve pricing, contracts and purchase commitments for materials, supplies and services for new products and ongoing production
Work with the new product team to develop cost effective quality products, considering alternative materials and processes
Administer and collaborate on new product set up processes in the PIM and ERP systems and manage the change order processes for all new and changing products in area of responsibility
Monitor customer open order reporting to ensure corrective action or expediting on any unprocessed orders
Coordinate customer order processing including logos, private label orders and any special customer needs
Manage and update inputs to back order and past due reporting to ensure incoming inventory levels are accurately communicated to Customer Service.
