Parts Inventory Specialist

Toromontmh; Vaughan; Hybrid; CAD 53,125 - 66,407; Full time

Benefits offered by this job

Competitive total rewards including wages and benefits

Flexible work schedules

Opportunities for continuous learning and development

Job summary

Toromontmh in Vaughan is looking for an Inventory Specialist to optimize parts inventory management across its branch network. This role focuses on improving inventory turnover, service performance, and distribution efficiency, working closely with operations teams. The ideal candidate has a Bachelor’s degree in Operations Engineering, significant experience in parts management, and advanced Microsoft Excel skills. The position offers competitive compensation, including a base salary between $53,125.00 - $66,407.00, and potential bonuses.

Qualifications

• Bachelor’s degree or post-secondary education combined with 5 years of experience in heavy equipment.
• Experience in parts management, supply chain operations, purchasing, or inventory control.
• Strong proficiency in Microsoft Office, especially Excel.

Responsibilities

• Analyze, optimize, and maintain appropriate inventory levels to improve stock turnover.
• Define inventory management strategies to enhance distribution network effectiveness.
• Reduce inventory obsolescence through stock elimination or rationalization.
• Manage daily customer emergency orders.

Skills

Inventory management

Statistical inventory planning

Microsoft Excel

Customer service

Education

Bachelor’s degree in Operations Engineering or equivalent

Job description

Reporting to the Director of Parts and Warehouse – Eastern Canada, the Inventory Specialist is responsible for optimizing parts inventory management across the Toromont Material Handling branch network. The role plays a strategic part in improving inventory turnover, service level performance, and distribution network efficiency, while supporting and influencing branches in the day to day management of their operations and inventories. The incumbent acts as a subject matter expert in inventory planning, emergency orders, stocking strategies, excess returns, obsolescence management, and the introduction of new products (NPI).

Pay Type

Full Time, Permanent

Compensation

$53,125.00 - $66,407.00

The listed base salary is just one component of our total rewards package, and performance-based or discretionary bonuses may be available.

As a Parts Inventory Specialist, YOU will experience:

• Working within one of the safest organizations in the industry where your safety and well-being are our most important priority
• Working for the best in class equipment dealer and with the premium Caterpillar brand
• Opportunities to continuously Learn, Grow and Develop with our Toromont team through our internal Training teams that are geared for your success
• Competitive total rewards including: wages, benefits, and premiums (as eligible)
• An opportunity for flexible work schedules and opportunities across multiple locations across Eastern Canada

In a typical day, YOU will:

• Analyze, optimize, and maintain appropriate inventory levels to improve stock turnover and customer service levels.
• Define and recommend inventory management strategies to enhance the effectiveness of the distribution network.
• Reduce inventory obsolescence through elimination, redistribution, or rationalization of stock across branches.
• Review and process quarterly or semi‑annual excess inventory returns to suppliers, ensuring accuracy of customer and supplier records.
• Process replenishment orders with suppliers based on network requirements.
• Manage daily customer emergency orders by sourcing from suppliers or leveraging internal stock.
• Provide estimated delivery dates (ETAs) for delayed orders and recommend alternative sourcing solutions when required.
• Work closely with Accounts Payable and Accounts Receivable teams
• Support, advise, and influence branches in the management of parts operations and inventory.
• Develop and implement parts inventory strategies during New Product Introductions (NPI).
• Act as a point of reference for inventory planning best practices.
• Maintain accurate parts pricing in the company operating system
• Apply statistical inventory planning methods (lot sizing, reorder points, safety stock levels, etc.) to support decision‑making.

Must-haves for this role:

• Bachelor’s degree in Operations Engineering (Industrial Engineering) or equivalent or College diploma or relevant post‑secondary education combined with 5 years of experience in heavy equipment parts management or related fields.
• Significant experience in parts management, supply chain operations, purchasing, or inventory control.
• Strong proficiency in Microsoft Office, with advanced skills in Microsoft Excel (essential).
• Solid understanding of statistical inventory planning methodologies.
• Demonstrated ability to manage multiple priorities in a fast‑paced, high‑pressure environment.
• High level of accuracy, organization, and attention to detail.
• Strong autonomy while remaining an effective contributor within cross‑functional teams.
• Excellent customer service skills, demonstrating professionalism, courtesy, and respect in interactions with internal and external customers and partners.

About Toromont Material Handling

Toromont Material Handling, a wholly owned subsidiary of Toromont Industries Ltd., sells, rents and provides after-sales service for the full range of Caterpillar, Mitsubishi, and Jungheinrich forklifts. We are also the authorized exclusive dealer for Kalmar lift trucks and container handlers, AUSA rough‑terrain forklifts, Shuttlewagon Rail Car Movers and Hoppecke energy solutions. TMH also offers a full range of racking and storage products, and specialized floor cleaning equipment.