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Inventory Optimization Manager Jobs in Michigan (NOW HIRING)

Adient

Materials Manager

Holland, MI · On-site

Materials Planning & Inventory Management * Manage plant MRP requirements to ensure material availability while maintaining optimal inventory levels. * Develop and execute material strategies that ...

KLA

Aftermarket Business Data Analyst

Ann Arbor, MI · On-site

$77K - $132K/yr

Support inventory optimization, fill-rate performance, supply-demand balancing, and forecasting ... Excellent communication and stakeholder management abilities. * Demonstrated success leading or ...

Marvel Refrigeration

Purchasing Manager

Greenville, MI · On-site

$85K - $100K/yr

... optimizing inventory and costs, and building strong supplier partnerships to support our world ... As the Purchasing Manager, you will lead and develop the purchasing team while collaborating ...

Marvel Refrigeration

Purchasing Manager

Greenville, MI

$85K - $100K/yr

... optimizing inventory and costs, and building strong supplier partnerships to support our world ... As the Purchasing Manager, you will lead and develop the purchasing team while collaborating ...

Marvel Refrigeration

Purchasing Manager

Greenville, MI · On-site

$85K - $100K/yr

... optimizing inventory and costs, and building strong supplier partnerships to support our world ... As the Purchasing Manager, you will lead and develop the purchasing team while collaborating ...

Hutchinson Group

Director of Finance

Grand Rapids, MI · On-site

$75 - $125/hr

Inventory Optimization: Lead initiatives to enhance inventory reliability and optimization, minimizing excess and obsolete stock while ensuring adequate supply for production. Fixed Cost Management:

Hutchinson

Director of Finance

Grand Rapids, MI · On-site

$90 - $130/hr

Inventory Optimization: Lead initiatives to enhance inventory reliability and optimization, minimizing excess and obsolete stock while ensuring adequate supply for production. Fixed Cost Management:

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Inventory Optimization Manager information

What does an inventory optimization manager do?

An Inventory Optimization Manager is responsible for ensuring that a company maintains the optimal level of inventory to meet customer demand while minimizing costs. They analyze sales trends, forecast future needs, and develop strategies to balance stock levels across supply chains. This role often involves using advanced analytics and inventory management software to improve efficiency, reduce excess inventory, and prevent stockouts. Collaboration with procurement, sales, and logistics teams is essential to achieve these goals.

How does an inventory optimization manager typically collaborate with other departments to improve supply chain efficiency?

An Inventory Optimization Manager works closely with teams such as procurement, sales, operations, and logistics to ensure inventory levels align with business goals and customer demand. This often involves regular meetings to review sales forecasts, discuss upcoming promotions, and address supply chain constraints. By fostering cross-functional communication, the manager can proactively identify potential bottlenecks or excesses and implement data-driven solutions. Collaboration is key to balancing inventory costs with service levels and ensuring smooth operations across the organization.

What are the key skills and qualifications needed to thrive as an inventory optimization manager, and why are they important?

To thrive as an Inventory Optimization Manager, you need strong analytical skills, supply chain knowledge, and experience with inventory management, often supported by a degree in business, supply chain, or a related field. Familiarity with ERP systems, advanced Excel functions, and inventory planning software like SAP or Oracle is typically required. Excellent problem-solving, communication, and project management skills help you collaborate across departments and drive continuous improvement. These skills are crucial for minimizing costs, preventing stockouts or overstock situations, and ensuring efficient supply chain operations.

What is the difference between Inventory Optimization Manager vs Inventory Analyst?

AspectInventory Optimization ManagerInventory Analyst
ResponsibilitiesDevelops strategies to optimize inventory levels, forecasts demand, and improves supply chain efficiency.Analyzes inventory data, monitors stock levels, and reports on inventory performance.
Required SkillsData analysis, supply chain knowledge, forecasting, problem-solvingData analysis, attention to detail, reporting skills
CertificationsSupply Chain certifications (e.g., APICS CSCP), analytical toolsSimilar certifications, often entry-level
Work EnvironmentStrategic planning, cross-department collaborationData-focused, operational tasks

The Inventory Optimization Manager focuses on strategic inventory planning and demand forecasting to improve overall supply chain efficiency. In contrast, the Inventory Analyst primarily handles data analysis and reporting to monitor inventory performance. Both roles require analytical skills and supply chain knowledge, but the manager's role is more strategic, while the analyst's role is more operational.

Is inventory optimization manager a stressful job?

The inventory optimization manager role involves analyzing data, forecasting demand, and managing stock levels, which can be demanding during peak periods or supply chain disruptions. The job requires strong analytical skills and attention to detail, but stress levels vary depending on company size, industry, and workload management. Effective planning and use of inventory management tools can help mitigate stress.

What is inventory optimization?

Inventory optimization is a process used by Inventory Optimization Managers to balance inventory levels, reduce costs, and improve service levels by analyzing demand patterns, lead times, and stock data. It often involves using specialized software and data analysis skills to determine optimal stock quantities across supply chains. Effective inventory optimization helps ensure the right products are available at the right time while minimizing excess stock.

What cities in Michigan are hiring for Inventory Optimization Manager jobs?

Cities in Michigan with the most Inventory Optimization Manager job openings:

Inventory Optimization Manager jobs near you

Inventory Manager

SMS group

Shelby, MI • On-site

Other

Dental, Vision, Retirement, PTO

This job post has expired today. Applications are no longer accepted.

Job description

Material Control Manager

Assist in management of plant material control functions, including forecasting, production planning, MRO and indirect material purchasing, shipping and receiving, and inventory control. Report to the Operations Manager and support all logistical activities to provide optimum workshop performance.

At SMS group, our people are our greatest asset. We offer an entrepreneurial environment that promotes a culture of innovation, growth, and inclusion. We offer company events, activities, and opportunities to participate in charitable initiatives that benefit the communities where we are located.

Work with Supervisors and Estimator to determine products and services needed for the business unit(s).

Make sure all Purchase Requisitions are entered as accurately as possible and electronic PO folders have all relevant material in them.

Make sure purchase orders requisitions contain all relevant information for material type, burnout specifications, machine finishes and drawings attached when needed.

Work with Shop Supervisors for scheduling and planning of material deliveries to meet customer demand and shop schedules.

Investigate any discrepancies between Purchasing and Receiving.

Manage and maintain planning of bill of materials and expedite purchased parts and raw material availability in response to operational plans.

Work with Operations and Project Managers to update bill of materials, routers and lot sizes.

Provide material availability to support on time production and deliveries of customer sales orders to meet plant goals.

Control plant inventory to optimize turnover and minimize investment. Align with the cycle count program and WIP audits to obtain accurate inventory values.

Monitor safety stock levels and establish order policies to balance inventory availability with low levels of investment.

Work with suppliers to establish consignments, Vendor Managed Inventory (VMI) programs and Just In Time (JIT) programs to support on time delivery goals.

Identify local sources of indirect materials, equipment, services or supplies and vet capabilities

Manage the indirect supplier selection process based on total cost of ownership (i.e. price, quality, support, capacity, reliability, etc.).

Oversee the shipping and receiving function to ensure error-free processing of shipments expeditiously.

Analyze and identify supply constraints to ensure daily operational support.

Degree in Supply Chain or Business Management with 5+ years of experience

APICS Certification (CPIM) preferred but not required

5+ years of manufacturing experience preferred

2+ years in materials management preferred

Must have a thorough knowledge of ERP planning or purchasing systems

Must be proficient in analytical problem-solving techniques and possess strong written and oral communication skills

Must be able to determine material requirements from prints

Good interpersonal skills and must be able to work with minimal supervision

Competitive compensation, medical/dental/vision coverage, paid vacation, paid holiday time, 401k with a company match, training, a tuition reimbursement program and more!

SMS group is the leading partner in the world of metals. We are an original equipment supplier offering comprehensive maintenance and spare part services for metals production, continuous casting and rolling (flat and long products), tubes, welded pipes, forging, non-ferrous technology, and heat treatment plants - all from a single source.

SMS group Inc. is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, sex, religion, national origin, age, sexual orientation, disability, veteran status, gender identity or other categories protected by law. Employment is contingent upon successful completion of a drug screen and physical capacity profile test

Monday - Friday 40 hours/week

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