Inventory Manager (IM), Mid-Sr

Title:
Inventory Manager (IM), Mid-Senior
a. Status:
Full-Time, Regular Salary, Exempt
b.

Schedule:

Monday – Friday, 0800hrs – 1630hrs
c.

Location:

On-Site, Aberdeen, MD
d. Supervisory:
Yes

• Lead and implement inventory management, supply chain, and customer demand strategies aligning with the Company’s goals
• Optimize logistics, procurement, and inventory management to improve efficiency, reduce costs and maintain proper stock levels to avoid shortages or excess inventory to include
• Identify, select, and maintain relationships with suppliers and negotiate contracts, pricing, and terms
• Manage the acquisition and storage of raw materials, parts, or finished goods to ensure on-time delivery and cost-effective procurement
• Manage transportation, warehousing, and distribution of goods
• Participate in and help develop demand forecasting and planning activities to proactively prevent overstock or stockout conditions
• Analyze supply chain performance data to identify inefficiencies and opportunities for continuous improvement
• Analyze supplier performance to ensure compliance with all applicable quality and customer standards
• Monitor, analyze, and report on critical inventory activities using Key Performance Indicators (KPIs). The Inventory Manager shall be responsible for achieving and maintaining performance metrics including but not limited to:
• i. Orders Team Members’ Task Completion Rate (TCR) – percentage of how often direct reports complete their tasks on time
• ii. Stockout Rate (SOR) – percentage of business days that production and/or customer supply is delayed due to material shortage
• iii. On-Time Delivery (OTD) – percentage of outbound deliveries that are shipped on-time
• iv. Supplier Delivery Accuracy Rate (SDA) – percentage of inbound deliveries that are on-time and product is in compliance with all applicable requirements and standards
• v. Inventory Accuracy Rate (IAR) – percentage of physical inventory counts that are accurate to company records and/or our ERP/MRP system
• j. The Inventory Manager shall monitor performance, implement corrective actions, and provide regular reporting to leadership to ensure these metrics are achieved and sustained throughout each product launch
• k. Develop contingency plans and alternative sourcing strategies
• l. Ensure supply chain practices meet environmental and ethical standards while also complying with regulations related to trade, safety, and labor
• m. Ensure bonded inventory programs that reduce lead time and improve inventory turns
• n. Lead cost reduction initiatives with suppliers and secured customer approvals for savings
• o. Assist in quoting for new projects, including pricing strategy, vendor collaboration and material configuration coordination with cleared venders
• p. Ensure inventory, supply chain, and customer demand activities and transactions are accurate and fully aligned with the company’s Enterprise Resource Planning (ERP) and MRP systems.
• q. Perform supervisory responsibilities, including task prioritization, performance oversight, process enforcement, and employee development for assigned personnel
• r. Other duties, as assigned
• s. Shipping & Receiving Responsibilities – In addition to the above, the Inventory Manager will supervise and manage the shipping and receiving operations, including:
• i. Manage and oversee the intake of incoming materials and outbound shipments to ensure accuracy, completeness, and proper documentation
• ii. Coordinate cross functionally with Manufacturing and Program teams to prioritize, schedule and execute shipments
• iii. Accountable for team compliance in all packing, labeling, and shipping activities to ensure adherence to customer and regulatory requirements (e.g., military, international, hazmat)
• iv. Lead resolution of shipping discrepancies, serving as primary point of contact with carriers, vendors, and internal teams
• v. Provide oversight and hands-on support as required to ensure operational continuity and schedule adherence
• vi. Direct and supports material movement using material handling equipment as needed
• vii. Ensure inventory accuracy through supervisory review of receiving documentation and ERP/MRP system transactions…