Inventory Manager - Midland

NOV•Midland, TX

About The Position

The Inventory Manager is responsible for managing the organization’s inventory processes, including planning, coordinating, and overseeing activities related to inventory control. The role maintains optimal stock levels, minimizes costs, and ensures inventory records are accurate and up to date. The Inventory Manager works with procurement, sales, logistics, production, and other departments to streamline inventory operations and support business objectives. The position may require occasional travel to supplier sites or other company locations as needed.

Requirements

Bachelor’s degree in supply chain management, business administration, or a related field.
Proven experience in inventory management or a similar role.
Strong analytical skills and proficiency in inventory management software and tools.
Experience with ERP systems such as SAP, Oracle, or JDE.
Advanced process mapping and analysis skills.
Strong analytical and problem-solving capabilities.
Excellent organizational and problem-solving abilities.
Strong communication and interpersonal skills.
High work ethic, dependability, and attention to detail.
Ability to lead and motivate a team.
Commitment to accuracy.

Nice To Haves

Certification in inventory management or supply chain, such as CPIM or CSCP.
Familiarity with lean manufacturing and just-in-time (JIT) inventory practices.

Responsibilities

Develop and implement inventory management strategies and procedures to ensure accurate stock levels and minimize discrepancies.
Monitor inventory levels and coordinate replenishment to prevent overstocking or stockouts and ensure products are available on time.
Analyze inventory data to identify trends, forecast demand, and inform purchasing and stocking decisions.
Collaborate with suppliers to negotiate terms, manage lead times, and resolve supply chain issues.
Identify opportunities to improve inventory processes, including through technology and automation tools.
Prepare and present regular reports on inventory status, turnover rates, and key performance indicators to management.
Supervise and train inventory staff, fostering accuracy and efficiency in inventory operations.
Ensure inventory practices comply with company policies and relevant regulations.
Collaborate with sales, production, logistics, and other departments to align inventory management with broader business goals.
Maintain a strong safety culture.
Travel occasionally to supplier sites or other company locations as needed.