Vendor Managed Inventory Specialist

Job Summary: The VMI Specialist will be responsible for managing and optimizing vendor-managed inventory processes. This role involves ensuring inventory accuracy, maintaining optimal stock levels, and fostering strong relationships with vendors and internal teams. The ideal candidate will have a strong background in supply chain management, excellent analytical skills, and a proactive approach to problem-solving.

Key Responsibilities:

• Inventory Management: Monitor and manage inventory levels to ensure optimal stock levels are maintained, minimizing stockouts and overstock situations.
• Vendor Relations: Foster and maintain strong relationships with vendors, ensuring clear communication and effective collaboration.
• Data Analysis: Analyze inventory data to identify trends, forecast demand, and make informed decisions regarding stock levels and purchasing.
• Process Improvement: Continuously seek opportunities to improve inventory management processes, implementing best practices and innovative solutions.
• Reporting: Generate regular reports on inventory status, key performance indicators, and vendor performance.
• Compliance: Ensure all inventory management activities comply with company policies, industry regulations, and vendor agreements.
• Collaboration: Work closely with cross-functional teams, including procurement, logistics, and sales, to align inventory strategies with business objectives.

Qualifications:

• Bachelor's degree in Supply Chain Management, Business Administration, or a related field.
• 3+ years of experience in inventory management, supply chain management, or a related role.
• Proficiency in inventory management software and ERP; SAP or similar
• Strong analytical skills and attention to detail.
• Excellent communication and interpersonal skills.
• Ability to work independently and as part of a team.
• Familiarity with Lean principles and continuous improvement methodologies is a plus.

Preferred Skills:

• Experience with Vendor Managed Inventory systems.
• Bachelor's degree in Supply Chain Management, Business Administration, or a related field.
• Certification in supply chain management (e.g., APICS, CSCP) is advantageous.
• Proficient in Microsoft Office Suite, particularly Excel.

For this role, we anticipate paying $60,000-$70,000 per year. This role is eligible for variable pay, issued as a monetary bonus or in another form.