About the job
At Matrix Design Group, we are at the forefront of crafting cutting-edge technological solutions aimed at enhancing safety across various industries. Although we initially made our mark in the underground coal mining sector, our innovative spirit has propelled us into diverse industrial markets both in the United States and internationally.
We invite applications for the role of Inventory Control Specialist, where you will play a pivotal role in managing our inventory operations effectively. The successful candidate will be tasked with ensuring precise inventory records, refining inventory processes, and optimizing resource utilization. Strong analytical skills, a keen eye for detail, and the ability to work collaboratively with cross-functional teams are essential for this position. This role is office-based at our headquarters in Newburgh, IN, and does not offer remote work options.
This position reports directly to the Procurement Supervisor.
Key Responsibilities
- Perform regular inventory audits to guarantee accuracy, completeness, and compliance with established protocols.
- Maintain and update accurate records of inventory levels, encompassing quantities, locations, and movements within the company's systems.
- Reconcile physical inventory counts with system records to address discrepancies or inconsistencies.
- Work closely with procurement, warehouse, assembly, and other departments to optimize inventory levels, minimize stockouts or overstock situations, and ensure timely availability of products or materials.
- Establish and uphold inventory management systems, procedures, and controls to enhance operational efficiency.
- Analyze inventory data and metrics to monitor performance indicators such as turnover rates, stock aging, and shrinkage, identifying areas for improvement.
- Collaborate with other departments to forecast inventory needs based on demand forecasts, sales trends, and production schedules, planning procurement activities accordingly.
- Investigate the root causes of inventory discrepancies and implement corrective actions to prevent recurrence.
- Identify opportunities to streamline inventory processes and reduce costs through best practices and continuous improvement initiatives.
- Provide training and guidance to staff on proper inventory management protocols.
- Communicate effectively with internal stakeholders, suppliers, and vendors to coordinate inventory-related activities.
- Generate and maintain documentation and reports related to inventory activities for analysis and decision-making.
- Stay informed on industry trends and best practices in inventory management.
