Senior Inventory Control Specialist

At Hyosung HICO we’re transforming the future of energy from our state‑of‑the‑art manufacturing facility in Memphis, TN. By investing in cutting‑edge technology and empowering our diverse and talented team, we ensure that every transformer we produce meets the highest standards of quality and performance.

Hyosung HICO is seeking to fill a Senior Inventory Control Specialist position. The ideal candidate will provide organization, control and coordination of materials used in production, including storage and delivery activities for the Division with a focus on inbound and outbound goods, material warehousing, inventory management and cost.

• Free Medical Insurance Option – A company‑paid 100% medical insurance option for you and your family, effective on the first day of the month after hire date
• Free Life Insurance – Employer paid basic life insurance – 1X Annual salary plus an additional $20,000 coverage:
  Optional buy for dependent coverage
• Paid Vacation, Sick Leave, and 12 paid holidays per year
• Tuition Assistance
• Bonuses – Monthly Attendance (production and some other hourly roles), Annual, and Quarterly bonus eligibility (Bonuses are not guaranteed and are based on several factors such as company and individual performance)

• Manages and coordinates Physical Inventories, Cycle Counts and Inventory Adjustments to insure that system and warehouse inventories are accurate and transactions are done in the required time.
• Initiates, processes, reviews and reports on weekly cycle counts to ensure inventory accuracy.
• Executes inventory functions for the HICO shipping/ receiving area, and inventory control optimization. Review product issuance, kitting, rerouting, costing, and usage alternatives.
• Writes, revises, and trains employees on standard operating procedures for inventory control and warehouse processes.
• Researches, develops and implements best practice techniques to measure, drive and achieve goals for on time delivery, price, quality, and inventory management. Serve as liaison between internal customers and warehouse to maximize inventory accuracy, reduce excess and obsolete inventory and maximizing inventory performance thru increase turns and improved space utilization.
• Monthly reporting and evaluation of slow moving inventory. Work with Engineering to use or determine best actions to reduce slow moving inventory,
• Work with vendors on all scrap material disposal. Identifying materials, negotiate financial recovery and request appropriate approvals prior to disposal. Coordinate removal and insure payment for scrap where appropriate.
• Forecasts material usage to production schedule and coordinate with purchasing to ensure the materials are available when required. Identify and recommend remediation actions as necessary.
• Ensures department policies exist and are followed to review inventory transactions, inventory levels and storage locations for accuracy and conformance with established policies, procedures, and guidelines. Using ERP and other tools, maintains optimal inventory of materials, and components to efficiently support continuous production operations.
• Reports monthly on inventory and inventory control activities status to established goals.
• Monitors industry standards, trends, or practices to identify developments in inventory planning or execution.
• Furthers the goals and positive, professional image of the Power Transformer Division by conducting business with other HICO divisions, departments, suppliers, etc. in a timely and cooperative manner.
• Know HICO’s Quality, Safety and Environmental Policies. Be able to fully discuss the importance of these policies and how they impact work.

The description above represents the most significant essential duties of the job but does not exclude other occasional work assignments not mentioned.

• Evaluate material flows into, through and out of HICO to drive continuous improvement of material on hand and inventory levels. Develop, monitor and…