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Vice President Inventory Strategy


DUTIES and RESPONSIBILITIES: 

  • Responsible for strategic planning, direction and overall performance of the Purchasing and Inventory Management Operations.
  • Assists Executive team in planning, budgeting, financial and human resource decisions to enable the organization to reach company goals and objectives
  • ┬áProvides leadership, direction, and motivation to the Purchasing and Inventory management team to successfully and effectively work to accomplish operational goals and to ensure optimum performance.
  • Delegates responsibilities between functional managers to achieve optimal operating results and continuous improvement.
  • Develops the budget, ensures adherence to the budget, and takes corrective action as required.
  • Lead performance improvement programs throughout the supply chain using overall leadership experience and plays a key role in the implementation of Continuous Improvement techniques throughout the organization.
  • Responsible for managing to the Turns and Customer Fill Rate goals for the company.
  • Develops cross-functional relationships external to the Purchasing and Inventory operations to achieve goals and identify improvement opportunities.
  • Directs efforts to improve profitability through cost reduction, cost avoidance, and process improvement/loss prevention.
  • Develops and delivers presentations to executive management.
  • Directs regular staff meetings to ensure communication of strategy and resolution of issues.
  • Manages significant cross-functional projects to ensure goals and timeline are met.
  • Manages and monitors key performance metrics and ensures that all checks and balances are in place and operational
  • Participates in special projects and performs additional duties as required

EDUCATION and EXPERIENCE: 

  • Bachelor's Degree in Science or Business is required. MBA is preferred.
  • Minimum of ten years experience in Inventory and Purchasing Management
  • Minimum of 5 years in progressively larger and more complex leadership positions
  • Strong knowledge and project management experience in the areas of product forecasting, demand planning and inventory replenishment processes and systems
  • Significant time spent in geographically dispersed businesses known for effectively managing high transaction volume and SKU counts.
  • Experience in International Supply Chains Management a plus.
  • Comprehensive knowledge of business operations and strategic planning skills required.
  • Excellent leadership, analytical, mathematical, computer, and organizational skills required.
  • Skilled in creative problem solving techniques including quantitative and optimization modeling and analysis.
  • Ability to set and analyze budgets, the business plan and capital expenditures required.
  • Excellent oral and written communication skills required.
  • Successful track record in managing the effective deployment of resources, systems and personnel to enable the achievement of organizational objectives and support the overall growth of the company.
  • Extensive negotiation and human relations skills are required.