Inventory and Purchasing Manager – Nutraceutical Ingredients
Peru, Illinois
Supply Chain
Ingredients
88979
Rapidly growing, leading nutraceutical and food ingredients contract manufacturer based in the Illinois Valley region.
Newly created position due to growth!
Expected Outcomes:
Inventory Management:
- Develop and implement inventory control procedures to maintain optimal stock levels and minimize waste.
- Conduct regular audits and cycle counts to ensure inventory accuracy.
- Monitor stock levels and forecast inventory needs based on production schedules and sales forecasts.
- Coordinate with production and warehouse teams to ensure timely availability of raw materials and finished goods.
- Maintain accurate records of inventory transactions in the company’s ERP or inventory management system.
- Implement and monitor key performance indicators (KPIs) for inventory management, such as turnover rates and obsolescence.
Purchasing Management:
- Develop and execute procurement strategies to secure high-quality materials and services at competitive prices.
- Source, evaluate, and negotiate with suppliers to establish cost-effective and reliable vendor relationships.
- Manage purchase orders, contracts, and delivery schedules to ensure timely procurement of materials.
- Monitor market trends, supplier performance, and material availability to mitigate risks and identify opportunities for cost savings.
- Ensure compliance with company policies, industry regulations, and quality standards in purchasing activities.
- Manage vendor relationships and resolve issues related to pricing, quality, or delivery.
Competencies/Culture:
- 3+ years of experience in inventory management and purchasing, preferably in nutraceutical or food ingredients manufacturing.
- Proficiency in inventory management software and ERP systems.
- Strong analytical skills with the ability to forecast and plan effectively.
- Excellent negotiation, communication, and interpersonal skills.
- Knowledge of regulatory requirements and quality standards in the nutraceutical industry is a plus.
Compensation/Benefits:
- Salary: $85,000-110,000 + bonus
- Health and dental insurance
- 401K with company match
- Profit-Sharing
- Relocation assistance
Recruiter Information:
Joe Sommerfeldt
joes@kinsa.com
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