Inventory/NPI Manager

Company: Second Nature
Location: Wilson
Posted on: August 7, 2022

Job Description:

Job DescriptionThis position is responsible for assistance in planning and execution of small and medium sized projects towards performance, cost and compliance goals. Provides support to more senior management and participates in special projects and activities that enhance the department's effectiveness. This role will be involved with Internal and Enterprise initiatives and may back up Supply Chain team members as needed.

• Lead NPI activities and meetings from early development stage to initial production runs when hand-over to Production Buyer occurs. You will determine the right sourcing strategy
• Minimize BOM cost and maintain accurate costed BOMs, including lead times of soft and hard tooled parts, at any time during development cycle.
• Ensure that supplier awarded business meets objectives in the areas of cost, Quality, OTD, service, inventory and payment terms (cash flow). You will develop project sub-schedules for supplier selection and qualification.
• Develop and execute on action plans to eliminate or minimize risk from supply base as it relates to NPI.
• Ensure availability of purchased material required throughout the development of a new product (order prototypes and issue initial production POs). You will negotiate and implement consignment and safety stock agreements with top spend items on BOMs.
• Ensure accurate implementation of all prices on PO's placed and accountable for flawless hand-over of parts to Production Buyer without supply interruptions and favorable volume price breaks implementation.
• Works with buyers in activities associated with purchasing goods, materials, supplies, and services.
• Prepares purchase orders and payment approvals to ensure the procurement process goes smoothly.
• Assembles price proposals, financial reports, and other data and information for analysis.
• Supports the preparation of request for proposals (RFP) and bid packages.
• Compiles records of items purchased, costs, deliveries, product performance, and inventories, analyzes data and ensures account needs are met.
• Carries out processes and standards in support of Procurement, including RFPs, negotiations, and cost accountability.
• Responds to client inquiries about order status, changes, or cancellations to ensure customer satisfaction.
• Contacts suppliers to schedule or expedite deliveries to ensure resolution of problems such as shortages and missed or late deliveries.
• Responsible for all aspects of the relationship with a specific supplier within a commodity.
• Directs and manages all schedules, and purchase orders for the client account or the product family.
• Ensures product is delivered on time, meets quality standards, and at the right cost.
• May perform delivery assurance responsibilities.
• Replenish distribution channels to the optimal level of inventory ensuring that it can meet current and future customer demand.
• Monitor the deliveries of inventory to the distribution channels and ensure that the proper receiving procedures has been executed
• Analyze product sales, velocities, and inventory turnover per location to increase inventory turns by redistributing inventory to the most optimal location(s)
• Review and track product performance and make recommendation for product sunsetting
• Optimize inventory assortment, discontinuation of products, and the ordering or removal of location specific products.
• Design, implement, analyze, and optimize inventory controls and procedures at all distributing locations
• Drive continuous improvement by regularly observing the operations at all distribution locations
• Lead company wide inventory counts from in shop/warehouse preparation, vendor accuracy accountability, and post auditing activities
• Review and assess the overall inventory health of each location by delivering weekly and monthly assessments reports
• Develop and implement standardized processes for internal retail inventory management and upkeep:
• Inventory auditing, movement, adjustments, ordering and receiving
• Develop and oversee system training, SOPs, operating guides workflows maps, video recording and any other supportive training materials.
• Identify improper usage or actions in the inventory management system by managing and monitoring inventory related transactions such as sales orders, sales credits, adjustments, transfer orders and purchase orders
• Create operational plan of actions for the necessary team(s)
• Troubleshoot and resolve immediate and potential larger scale systems or Sku issues by informing and coordinating with the appropriate team.Powered by JazzHR5ROdokaByR

Keywords: Second Nature, Wilson , Inventory/NPI Manager, Professions , Wilson, North Carolina