Inventory Manager

Leominster

Full Time/Part Time

Job Description:

The Inventory Manager is responsible for overseeing stock levels, maintaining accurate inventory records, and ensuring the timely replenishment of products. This role involves analyzing inventory trends, integrating stock data with sales and accounting systems, and leveraging technology to streamline inventory operations. The ideal candidate combines organizational skills, analytical thinking, and familiarity with retail IT tools to optimize stock management and reduce costs.

Roles & Responsibilities:

• Monitor inventory levels daily using inventory management software and POS systems

• Analyze product movement trends to forecast demand and prevent stockouts or overstock situations

• Coordinate with suppliers for timely ordering, delivery scheduling, and stock replenishment

• Perform regular inventory audits and reconcile discrepancies with sales and accounting records

• Track product shelf life and manage rotation to reduce waste

• Generate and analyze reports on inventory turnover, shrinkage rates, and product profitability

• Integrate inventory data with accounting systems to maintain accurate cost and valuation records

• Collaborate with the Data Analyst to assess stock performance and adjust purchasing strategies

• Maintain organized storage areas and ensure proper labeling and categorization of products

• Implement barcode scanning, RFID, or other digital tracking tools to improve inventory accuracy

• Train staff on proper inventory handling and system updates.

  Qualifications:

• Experience in inventory management, preferably in a retail or FMCG environment

• Proficiency with inventory management software, POS systems, and Excel/Google Sheets

• Understanding of accounting concepts like COGS and inventory valuation methods (FIFO, LIFO)

• Strong analytical skills with the ability to interpret data and make decisions

• Attention to detail and problem-solving ability

• Good communication skills to work with suppliers, management, and team members

Requirements

Minimum Education: High School or GED

Physical Requirements: Ability to maneuver and regularly lift and or move up to 10 pounds, frequently lift and/or move up to 25 pounds, and occasionally lift and/or move up to 40 pounds. Ability to stand/walk 8 hours a day; reach overhead, bend, squat, twist, reach, grasp and grip and work in cooler (cold temperatures). The noise level in the work environment is usually moderate.