Inventory Manager Mid-Sr at Veritech LLC — Aberdeen, MD

Benefits

• Health insurance
• Opportunity for advancement
• Paid time off
• Training & development
• Vision insurance
• 401(k)
• 401(k) matching
• Competitive salary

Title: Inventory Manager (IM), Mid-Senior

Details:

• Status: Full-Time
• Schedule: 0800hrs – 1630hrs; M-F
• Location: On-Site, Aberdeen, MD 21001
• Supervisory: Yes

Key Roles/Duties:

• Lead and implement inventory management, supply chain, and customer demand strategies aligning with the Company's goals
• Optimize logistics, procurement, and inventory management to improve efficiency, reduce costs and maintain proper stock levels to avoid shortages or excess inventory to include
• Identify, select, and maintain relationships with suppliers and negotiate contracts, pricing, and terms
• Manage the acquisition and storage of raw materials, parts, or finished goods to ensure on-time delivery and cost-effective procurement
• Manage transportation, warehousing, and distribution of goods
• Participate in and help develop demand forecasting and planning activities to proactively prevent overstock or stockout conditions
• Analyze supply chain performance data to identify inefficiencies and opportunities for continuous improvement
• Analyze supplier performance to ensure compliance with all applicable quality and customer standards
• Monitor, analyze, and report on critical inventory activities using Key Performance Indicators (KPIs). The Inventory Manager shall be responsible for achieving and maintaining performance metrics including but not limited to:
• Orders Team Members’ Task Completion Rate (TCR) - percentage of how often direct reports complete their tasks on time
• Stockout Rate (SOR) - percentage of business days that production and/or customer supply is delayed due to material shortage
• On-Time Delivery (OTD) - percentage of outbound deliveries that are shipped on-time
• Supplier Delivery Accuracy Rate (SDA) - percentage of inbound deliveries that are on-time and product is in compliance with all applicable requirements and standards
• Inventory Accuracy Rate (IAR) - percentage of physical inventory counts that are accurate to company records and/or our ERP/MRP system
• The Inventory Manager shall monitor performance, implement corrective actions, and provide regular reporting to leadership to ensure these metrics are achieved and sustained throughout each product launch
• Develop contingency plans and alternative sourcing strategies
• Ensure supply chain practices meet environmental and ethical standards while also complying with regulations related to trade, safety, and labor
• Ensure bonded inventory programs that reduce lead time and improve inventory turns
• Lead cost reduction initiatives with suppliers and secured customer approvals for savings
• Assist in quoting for new projects, including pricing strategy, vendor collaboration and material configuration coordination with cleared venders
• Ensure inventory, supply chain, and customer demand activities and transactions are accurate and fully aligned with the company’s Enterprise Resource Planning (ERP) and MRP systems.
• Perform supervisory responsibilities, including task prioritization, performance oversight, process enforcement, and employee development for assigned personnel
• Other duties, as assigned
• Shipping & Receiving Responsibilities
• In addition to the above, the Inventory Manager will supervise and manage the shipping and receiving operations, including:
• Manage and oversee the intake of incoming materials and outbound shipments to ensure accuracy, completeness, and proper documentation
• Coordinate cross functionally with Manufacturing and Program teams to prioritize, schedule and execute shipments
• Accountable for team compliance in all packing, labeling, and shipping activities to ensure adherence to customer and regulatory requirements (e.g., military, international, hazmat)
• Lead resolution of shipping discrepancies, serving as primary point of contact with carriers, vendors, and internal teams
• Provide oversight and hands-on support as required to ensure operational continuity and schedule adherence
• Direct and supports material movement using material handling equipment as needed
• Ensure inventory accuracy through supervisory review of receiving documentation and ERP/MRP system transactions (and/or other required tracking methods)

Basic Qualifications:

• Associate’s degree in Supply Chain Management, Logistics, Business Administration, Industrial Engineering, or a related field or equivalent experience
• Three (3)+ years of demonstrated experience in an equivalent or similar role
• Demonstrated experience using an ERP/MRP system
• Demonstrated experience with ISO 9001:2015 or other industry-specify quality systems
• Maintain highly organized and detailed records
• Ability to operate material handling equipment (i.e. forklifts, pallet jacks, etc.)
• Strong proficiency with Microsoft Office tools

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