● Develop and maintain inventory planning models to forecast demand and optimize inventory levels.
● Monitor inventory levels and adjust replenishment parameters to ensure adequate stock levels while minimizing excess inventory.
● Identify and address potential inventory shortages or excesses proactively to avoid disruptions in supply chain operations.
● Coordinate with suppliers to ensure timely delivery of materials and components to meet production schedules.
● Continuously evaluate and improve inventory management processes and systems to enhance efficiency and accuracy.
● Generate reports and analysis on inventory performance, including key metrics such as fill rate, stockout rates, and days of cover.
● Work closely with cross-functional teams to support new product launches, promotions, and other business initiatives