Inventory Specialist

3 weeks ago


London, United Kingdom Hubstaff Full time

We are looking for someone with extensive experience in supply chain management. Planning logistics, dealing with freight forwarders and 3PLs, and managing air/sea/other shipments. You will need to be familiar with Amazon FBA and comfortable using online stock management tools. You will need to plan out the logistics chain so that components and products are delivered in time to ensure we stay in stock.

Key Responsibilities:

  • **Inventory Management:**Monitor inventory levels across multiple warehouses and locations.
  • Coordinate with vendors and suppliers to ensure timely replenishment of stock.
  • Implement inventory control procedures to minimize stockouts and overstock situations.
  • Optimize inventory turnover rates and reduce carrying costs through effective inventory planning.
  • **Inventory Accuracy:**Conduct regular cycle counts and physical inventory audits to maintain accurate inventory records.
  • Investigate and resolve discrepancies between physical counts and system records.
  • Implement measures to prevent inventory shrinkage and loss.
  • **Data Analysis and Reporting:**Analyze inventory data to identify trends, forecast demand, and recommend stocking levels.
  • Generate reports on inventory performance, including turnover rates, stock levels, and aging inventory.
  • Provide insights and recommendations to improve inventory management processes and efficiency.
  • **Cross-functional Collaboration:**Collaborate with purchasing, logistics, and warehouse teams to ensure seamless flow of inventory.
  • Work closely with the sales and marketing teams to anticipate demand and support promotional activities.
  • Communicate effectively with internal stakeholders to address inventory-related issues and challenges.
  • **System Maintenance and Optimization:**Utilize inventory management software to track and manage inventory transactions.
  • Troubleshoot system issues and liaise with IT support to resolve technical issues.
  • Identify opportunities to enhance system functionality and streamline inventory processes.

Qualifications:

  • Bachelor's degree in Business Administration, Supply Chain Management, or related field.
  • Proven experience in inventory management, preferably in an e-commerce (Amazon FBA) or retail environment.
  • Proficiency in inventory management software (e.g., ERP systems, WMS) and Microsoft Excel.
  • Strong analytical and problem-solving skills, with the ability to interpret data and make informed decisions.
  • Excellent organizational and time management skills, with a keen attention to detail.
  • Effective communication and interpersonal skills, with the ability to collaborate across departments.
  • Knowledge of inventory control best practices and familiarity with industry trends and regulations.
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