Inventory Manager

Island Pezi•Mankato, MN

42d•Onsite

About The Position

The Inventory & Procurement Manager is responsible for overseeing the procurement of cannabis products and materials, managing inbound logistics, and maintaining accurate inventory levels across the organization. This role works cross-functionally with cultivation partners, external vendors, the product development team, and internal distribution staff to ensure compliance, efficiency, and cost-effective operations.

Requirements

1+ years of experience in supply chain, procurement, or inventory management (cannabis or regulated industry preferred)
Proven experience with vendor negotiation and relationship management
Strong understanding of regulatory compliance, especially in cannabis operations
High school diploma / GED
A valid State issued Driver's License
Professional appearance, attitude, and interpersonal/social skills
Must complete the application and Cannabis Commission licensing process in a timely and professional manner.
A Passport quality photo
Must be 21 years of age or older
Must successfully pass a background check
Must successfully pass a drug test for all substances non-cannabis

Nice To Haves

Prior cannabis knowledge, education, or certification in the cannabis industry
3-5 Years' experience in a similar role
Exceptional customer service skills
Proficiency in Microsoft Word, Excel, Outlook, and email and internet applications.
Accurate data entry and record-keeping
Knowledge of customer marijuana policies, law, compliance, and regulations
Ability to maintain a consistent teamwork mentality
Ability to work in a fast-paced, changing, challenging, and busy environment
Conflict resolution skills
Basic math skills

Responsibilities

Manage purchase orders for products and materials from both internal cultivation partners and licensed external vendors.
Coordinate with product development teams on new SKUs and product introductions.
Monitor and evaluate vendor performance, resolve shipment discrepancies, and maintain strong supplier relationships.
Track inbound deliveries and ensure proper intake processes, documentation, and compliance with state and tribal regulations.
Validate product quality and compliance with testing, labeling, and packaging standards.
Ensure manifests and associated regulatory documents meet standards before intake.
Negotiate pricing and sourcing of raw materials, packaging, and finished goods.
Develop and maintain relationships with new and existing vendors and contract manufacturers.
Forecast inventory needs through production planning and scheduling.
Create cost and margin analysis reports and assist in pricing model development.
Analyze supply chain data to drive informed decisions on production and procurement planning.
Manage, train, and develop distribution inventory technicians.
Monitor lead times and manage purchasing timelines to support production flow.
Oversee the intake process in coordination with the Distribution Manager.
Continuously review and assess inventory levels to inform purchasing decisions.
Conduct and participate in regular inventory audits to ensure accuracy.
Maintain and improve SOPs for inventory control, procurement, and documentation.
Monitor inventory turnover and maintain optimal stock levels across all product lines.
Analyze data to establish restocking thresholds, improve forecasting, and enhance purchasing strategy.
Deliver regular reports and updates to executive leadership and cross-functional teams.
Communicate upcoming inventory issues or changes to production, sales, and finance teams.
Assist in preparation for financial audits and regulatory inspections.
Ensure all procurement and inventory activities align with tribal and state cannabis regulations.
Maintain complete seed-to-sale traceability for all batches and inbound goods.
Respond promptly to inventory discrepancies or compliance concerns with appropriate action plans.
Stay informed of regulatory changes affecting purchasing, storage, or distribution, and adjust procedures accordingly.