Inventory Manager - Cannabis Dispensary Bordentown NJ

Position: Inventory Manager

Location: Bordentown, NJ

Company Overview

With a true passion and an unwavering dedication to championing the benefits of cannabis, Evolve Cannabis (EC) offers a truly immersive experience within its store. Evolve Cannabis is a recreational marijuana store offering a variety of adult use marijuana products. EC sources its products from premier producers.

Overview of Position

The primary responsibilities of the Inventory Manager are to develop and procure the EC product line by conducting market research; locating and vetting suppliers, generating product requirements; determining specifications, pricing, purchasing; time‐integrated plans for product introduction; and developing go‐to‐ market strategies to drive sales success for EC. The Inventory Manager creates smart strategic partnerships internally and externally to deliver on innovation and novelty.

Core Competencies

To succeed, the Inventory Manager must be: Passionate, Informed, Approachable, Energetic and Trustworthy. The Outreach Manager must consistently and uncompromisingly embody and demonstrate the following:

• Integrity
• Personal Accountability
• Teamwork
• Problem Solving
• Confidence
• Flexibility

Duties and Responsibilities

Recommend the nature and scope of present and future product lines by reviewing product specifications and requirements; appraising new product ideas; manage the EC product line assortment and life cycles.

Research and assess the market trends

Compare the company’s product to competitor’s products

Monitor competitors’ sales activities by follow their advertisements

Determine the customers’ needs and desires by conducting the research needed to obtain product information

Manage the supply, availability, and distribution of products to the store in collaboration with the General Manager and Assistant Store Manager and with Leadership team,.

Analyze and monitor sales records, trends, and economic conditions to anticipate consumer buying patterns and forecast dispensary needs to define supply requirements

Confer with sales personnel to obtain information on customer needs and preferences

Suggest new merchandise lines to other staff members and demonstrate the features and benefits of each product

Determine required inventory positions for all products

Manage the timing & product distribution to the dispensary Provide input to inventory dashboard development

Collaborate with management to determine consumer pricing strategies and promotions

Manage the purchasing of products and supplier relationships

Consult with store managers about budget and goods to be purchased

Examine, select, order, and purchase at the most favorable products consistent with quality, quantity, specification requirements and other factors

Negotiate prices, discount terms and transportation arrangements for merchandise

Work on budget and purchase orders, in collaboration with General manager and Controller

Identify, vet, and work closely with licensed producers to obtain and develop desired products and product lines

Assess the condition of merchandise orders upon shipment arrival to see if the quality standard is acceptable and if it meets the guidelines and quantity decided upon for the product

Authorize payment of invoices or return or merchandise, in collaboration with General manager and Controller

Maintain proper log and count of all products, including internal counts Inspect merchandise or products to determine value or yield

Provide information for management by preparing short‐term and long‐term product sales forecasts and special reports and analyses, answering questions and requests

Develop demand forecast

Facilitate inventory turnover and product availability by reviewing and adjusting inventory levels and production schedules

Run reports in point of sale system to inform plans and validate results

Prepare reports on store and inventory KPIs as well as monthly reporting

Develop and manage an integrated go‐to‐market product communications and promotional plan

Obtain product market share by working with Marketing Manager to develop product sales strategies

Communicate promotional offerings to General Manager

Constantly review and monitor promotions performance by reviewing and analyzing analytics Analyze customer purchase behavior and lifetime value

Draw key learnings for optimization and refinement of the promotional plan

Act as a brand steward by upholding the EC brand throughout all promotional activities

Ensure compliance with all State rules and regulations for the handling of products

Keep and manage all required compliance records related to products

Interface with other company teams and functions to affect accurate record keeping, including inventory counts

Maintain professional and technical knowledge by attending educational workshops; reviewing professional publications; establishing personal networks; participating in professional societies

Other support duties may be assigned by the General Manager or Leadership team

 Education and Work Experience

Bachelor’s degree in business, finance, marketing, or a related field

Two or more years of experience in purchasing

Work history showing progressive responsibility, willingness to accept additional projects or challenges

Knowledge, Skills and Abilities

Knowledge of computer & office equipment and programs (inventory systems; Word; Excel; office equipment such as copiers/telephone systems)

Extensive math required for inventory control, projections, pricing, competitive analysis, sales planning, and financial planning

Ability to negotiate pricing and shipping details with vendors Effective and efficient communication skills are a must

Physical Requirements

Extended time standing, walking, bending, and reaching

Ability to lift and carry up to 50 lbs. for the distance of 100 feet

This position requires occasional extended and repetitive use of arms, hands, and fingers to cut and manipulate small objects

Must pass background check (state mandated) Must have reliable transportation

Must be at least 21 years of age

PLEASE NOTIFY IF A CITY OF BORDENTOWN RESIDENT!
 

Powered by JazzHR

RCouxbkgm2