Inventory Manager

ACE Hardware•Princeton, IL

About The Position

About this role The Inventory Manager is responsible for direct reports in the inventory and data departments and is the main role responsible for inventory accuracy, controlling unnecessary inventory movement, accounting for damage, and disposal of damage or closeout items according to company best practices. What You’ll Do Confer with supply chain planners to forecast demand or create supply plans that ensure availability of materials or products. Define performance metrics for measurement, comparison, or evaluation of supply chain factors, such as product cost or quality. Develop procedures for coordination of supply chain management with other functional areas. Implement new or improved supply chain processes. Analyze and monitor supplier performance to assess ability to meet quality and delivery requirements and deliver feedback when necessary. Collaborate with other departments regarding new supplier requirements as it relates to inventory. Design, implement, and document retail support center strategies for inventory control and movement. Design, implement, and oversee product take back or reverse logistics programs to ensure products are managed according to best practices. Evaluate and select information or other technology solutions to improve tracking and reporting of materials or products distribution, storage, or inventory. Identify opportunities to reuse or recycle materials to minimize inventory movement. Assist in creating budgets and handling monthly financials. Full responsibility for inventory and data departmental budgeting, may include oversight of customer service. Assist in maintaining compliance with all federal, state rules and regulations that govern as related to inventory. Maintain positive employee relations. Oversee customer service department. Ace Hardware is committed to promoting and maintaining a safe, healthy and injury-free environment for all team members. This is our number one priority, and we will support programs and initiatives that focus on this commitment. It is critical that all team members take responsibility for their safety as well as the safety of others to ensure that Ace Hardware is a world class safety organization.

Requirements

Be a safety champion by promoting a safe and productive workplace through your own actions, including the proper use of PPE, safe operation of powered equipment and safe lifting techniques as determined by the role.
Be an active participant in contributing to a successful safety culture in the facility.
Bachelor’s Degree or related field or equivalent professional experience.
Proven management experience in a similar industry
Must be flexible and able to respond to driver inquiries outside the normal workday.
Must possess positive employee relation skills and excellent communication skills.
Knowledge of inventory terms and commonly accepted practices
Basic knowledge of budgeting and monthly financials.
Excellent communication sills.
Strong leadership characteristics.
Experienced with Microsoft Office & inventory software platforms (Word, Excel)

Responsibilities

Confer with supply chain planners to forecast demand or create supply plans that ensure availability of materials or products.
Define performance metrics for measurement, comparison, or evaluation of supply chain factors, such as product cost or quality.
Develop procedures for coordination of supply chain management with other functional areas.
Implement new or improved supply chain processes.
Analyze and monitor supplier performance to assess ability to meet quality and delivery requirements and deliver feedback when necessary.
Collaborate with other departments regarding new supplier requirements as it relates to inventory.
Design, implement, and document retail support center strategies for inventory control and movement.
Design, implement, and oversee product take back or reverse logistics programs to ensure products are managed according to best practices.
Evaluate and select information or other technology solutions to improve tracking and reporting of materials or products distribution, storage, or inventory.
Identify opportunities to reuse or recycle materials to minimize inventory movement.
Assist in creating budgets and handling monthly financials.
Full responsibility for inventory and data departmental budgeting, may include oversight of customer service.
Assist in maintaining compliance with all federal, state rules and regulations that govern as related to inventory.
Maintain positive employee relations.
Oversee customer service department.

Benefits

Semi-Monthly Pay
Incentive opportunities, based on role/grade level (rapid company growth over the past 5 years resulted in incentives being paid out at an average of 122% of your target opportunity!)
18 days of vacation immediately available (prorated in the first year) and up to 9 paid holidays depending on the month of hire
Comprehensive health coverage (medical, dental, vision and disability – up to 26 weeks short-term disability and long-term disability) & life insurance benefits for you and your dependents.
Generous 401(k) retirement savings plan with a fully vested matching contribution the first year in addition to quarterly contributions and annual discretionary contribution (once eligibility requirements have been met).
Over the past 5 years, company contributions (matching, quarterly & discretionary) for fully eligible employees have averaged 10.4% of total eligible compensation
Ace invests in every employee we hire, with a key focus on development and coaching.
We offer on-site classes, facilitator-led courses, and a generous tuition assistance program, plus a performance management approach that goes beyond the typical annual review.
Your career at Ace is more than just a job. It’s a chance to be part of something meaningful.
We help locally-owned businesses thrive and make an impact in their communities – and we support our employees in doing the same by offering our employees opportunities to help Children’s Miracle Network Hospitals and the Ace Helpful Fund through the Ace Foundation.
Employee discounts on Ace merchandise (including top brands like Weber, Traeger, Yeti, Craftsman, DeWalt and more), travel, fitness, computers and thousands more.
Employee Assistance Program (EAP) – access to free visits to therapists and lawyers, guidance on financial matters, elder and childcare, and assistance with tickets to entertainment events.
Birth/Adoption bonding paid time off
Adoption cost reimbursement
Identity theft protection