Inventory Control Manager

Recochem Inc.; Toronto; On-site; CAD 70,000 - 100,000; Full time

Job summary

An established industry player is seeking an Inventory Manager to enhance inventory performance across manufacturing and distribution networks. This role involves overseeing the full inventory cycle, implementing process improvements, and ensuring adherence to company policies. The successful candidate will collaborate with various departments to optimize inventory control, conduct audits, and provide leadership in best practices. If you have a strong background in inventory management and a passion for process improvement, this is an exciting opportunity to make a significant impact in a dynamic environment.

Qualifications

• 5+ years of experience in inventory, distribution, and operational procedures.
• Strong leadership and communication skills to collaborate with various departments.

Responsibilities

• Oversee the full inventory cycle from production to customer invoices.
• Implement inventory control systems and monitor material usage.
• Conduct audits and manage internal finance inventory audits.

Skills

Data Analysis

Forecasting methods

Inventory control principles

Communication skills

Problem-solving

Attention to Detail

Analytical skills

Education

Bachelor’s degree in business

Supply chain management

Tools

ERP software

Inventory control software

Advanced Excel skills

Job description

Reporting to the Director FP&A Operations, the Inventory Manager oversees the full inventory cycle from production to customer invoices. The scope of this role includes the Manufacturing plants and Distribution Centers network within Canada. This role requires building and enhancing strong working relationships internally with the Operations, Distribution, Finance and IT teams to identify and implement inventory processes to increase inventory performance and adherence to company policies in terms of inventory safeguarding.

Key Responsibilities:

• Process improvement:
• Evaluate current inventory and operations processes to propose and implement process improvements to increase visibility, accuracy and timely reporting of the inventory.
• Set up processes and controls to better identify the risks in inventory’s existence and valuation.
• Work with the logistics and operations departments to implement and track a loss prevention program.
• Work with the IT team to improve and expand reporting tools.
• Inventory Control:
• Monitor and reconcile raw materials, work-in-progress, and finished goods to ensure inventory accuracy and smooth production flow.
• Implement inventory control systems to track material usage.
• Work with Inventory Controllers to identify and reconcile the cycle count discrepancies.
• Work closely with the logistics and operations teams to assess physical stock handling processes to identify sources of inventory variance.
• Lead the full process of month end, mid-year and year end physical and financial closing on inventory for all manufacturing facilities and outside warehouses.
• Reporting & Analysis:
• Develop, manage, and monitor Distribution center performance reporting on inventory accuracy, inventory cost and other Inventory Key Performance Indicators (KPIs).
• Accountable for weekly reporting updates on inventory variances and status on action plan(s) to improve inventory accuracy.
• Perform various analyses to explain and justify inventory discrepancies (e.g., cost variance analysis, inventory turnover, obsolescence, ABC analysis, storage capacity analysis).
• Provide leadership and guidance on best practices to the Inventory team.
• Ability to communicate effectively with peers and management.
• Conduct regular monthly national and regional inventory meetings and review inventory program.
• Review and implement national inventory training programs.
• Audits:
• Set up and maintain audit procedures for all regions regarding inventory existence and discrepancies.
• Manage internal finance inventory audits and external consultants’ inventory year-end audit.
• Develop and maintain policies and procedures regarding the overall inventory control processes within the regions.

Required Skills & Qualifications:

• Technical Knowledge:
• Strong Knowledge of Data Analysis and Forecasting methods.
• In-depth knowledge of Inventory control principles, processes, and physical inventory accounting and management practices.
• Leadership Skills:
• Excellent communication and interpersonal skills to collaborate with various departments (e.g., logistics, operations, finance, IT).
• Strong organization skills to plan effectively as well as handling changing priorities.
• Problem Solving & Decision Making:
• Ability to troubleshoot and resolve complex problems and inventory variances.
• Demonstrated abilities in critical thinking and problem-solving in a fast-paced environment.
• Attention to Detail:
• Strong attention to detail and ability to provide accurate reporting to management.
• Experience:
• Experience in manufacturing, packaging, and distribution environments, preferably in a leadership role.
• Working experience with ERP (Enterprise Resource Planning) and inventory control software.
• Strong inventory control background, operational and financial.

Education & Certifications:

• Education: Bachelor’s degree in business, supply chain management, or a related field.
• Experience: Minimum of 5 years of relevant experience in inventory, distribution and operational procedures with a strong emphasis on the financial aspects. Minimum 3 years of leadership/supervisory experience, preferably in a similar role.
• Skills: Strong analytical skills, strong interpersonal/communication skills to work effectively at several levels of the organization and across multiple functional areas and advanced Excel skills.

Preferred Qualifications:

• Experience in large manufacturing companies with multiple warehouses, experience managing liquid chemical inventory is an asset.
• Proven ability to work collaboratively with cross-functional teams and influence decision-making.
• Proven track record of optimizing inventory levels, reducing cost, and improving inventory control processes.
• French an asset.
• Primarily office-based within the manufacturing plant.
• May require occasional travel to other plant locations or corporate offices.

Seniority level

• Associate

Employment type

• Full-time

Job function

• Accounting/Auditing, Finance, and Supply Chain

Industries

• Chemical Manufacturing