Skills & Competencies for Vendor Managed Inventory Manager

Vendor Managed Inventory Manager job profile

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JOB SUMMARY for Vendor Managed Inventory Manager

Manages and maintains the customer's inventory replenishment levels and stock models based on approved schedule and agreed-upon targets.

JOB RESPONSIBILITIES for Vendor Managed Inventory Manager

Monitors and analyzes utilization, product availability, pricing, and lead times to prepare VMI models. Understands all VMI parameters, calculations and data feeds to accurately generate replenishment orders. Develops reports to track all metrics and identify trends or issues that impact inventory levels. Expedites and resolves any shipping, delivery, ordering or system issues that may impact expected inventory replenishment targets.

Vendor Managed Inventory Manager SALARY RANGE

BASE 50%
$119,983
TOTAL 50%
$130,324
Job Level
M02
Job Code
MM18000184
Education/Degree
Bachelor's Degree
Reports To
Director

Vendor Managed Inventory Manager Skills and Competencies List

Proficiency Levels and Behavioural Indicators
Salary.com identifies five increasing levels of proficiency for each skill/competency. Some jobs require only a relatively low level of proficiency in each skill/competency, while other jobs will require a more advanced level of proficiency in the same skill/competency. These levels rate the degree of proficiency (skill level, expertise) we expect the incumbent to perform in the given skill/competency for the given job. Note that we intentionally do not associate timeframes or years of experience in performing the skill/competency because that can be misleading. Proficiency levels identify what the incumbent knows and can do rather than how long they have been doing it. Also, note that the proficiency levels are cumulative, e.g., a level 4 proficiency implies the ability to perform all the behaviors at the lower levels.
Check each Vendor Managed Inventory Manager skill and competencie below to view definitions.
INDUSTRY COMPETENCIES JOB FAMILY COMPETENCIES CORE COMPETENCIES
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2 hard skills or competencies (industry competencies) for Vendor Managed Inventory Manager

1 Industry Competency – Distribution Requirements Planning
Proficiency Level -3
Skill definition-Planning the replenishment of inventory and determining the quantity of products to be transported to distribution centers to meet customer demand.
Level 1 Behaviors
(General Familiarity)
Collects information about the trends and exceptions associated with DRP for review.
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Level 2 Behaviors
(Light Experience)
Compiles distribution records and monitors pending shipments to distribution centers.
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Level 3 Behaviors
(Moderate Experience)
Determines inventory depletion and executes replenishment plans through DRP to avoid shortages and reduce costs.
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Level 4 Behaviors
(Extensive Experience)
Develops and implements a master production plan based on DRP and safety stock demand signals.
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Level 5 Behaviors
(Mastery)
Forecasts future distribution requirements by establishing a distribution network capacity planning process.
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2 Industry Competency – Manufacturing Operations
Proficiency Level -3
Skill definition-Ability to plan, perform, and monitor day-to-day operations of a manufacturing facility for product design, development and distribution.
Level 1 Behaviors
(General Familiarity)
Describes the concept, principles and parts of manufacturing operations.
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Level 2 Behaviors
(Light Experience)
Checks components, materials, and supplies are stocked prior to the start of the manufacturing operations.
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Level 3 Behaviors
(Moderate Experience)
Coordinates with various departments to manage manufacturing operations and produce quality products.
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Level 4 Behaviors
(Extensive Experience)
Leads and monitors all supply chain activities to enable successful manufacturing of end products to customers.
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Level 5 Behaviors
(Mastery)
Develops standard operating procedures to ensure the efficient utilization of manufacturing operations.
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3 Vendor Managed Inventory Manager - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Vendor Managed Inventory Manager
Proficiency Level - 4
5 Competency for - Vendor Managed Inventory Manager
Proficiency Level - 5

10 general skills or competencies (Job family competencies) for Vendor Managed Inventory Manager

1 Job Family Competencies – Preventative Maintenance
Proficiency Level -3
Skill definition-Developing and implementing maintenance strategies to increase equipment life expectancy and avoid unplanned downtime.
Level 1 Behaviors
(General Familiarity)
Explains the difference between preventative and reactive maintenance.
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Level 2 Behaviors
(Light Experience)
Compiles preventative maintenance tasks according to detailed procedures and schedules.
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Level 3 Behaviors
(Moderate Experience)
Implements and ensures teams' compliance with preventative and predictive maintenance programs.
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Level 4 Behaviors
(Extensive Experience)
Oversees personnel providing extensive preventative and predictive maintenance to building assets.
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Level 5 Behaviors
(Mastery)
Creates and establishes organization-wide work schedules based on preventative maintenance requirements.
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2 Job Family Competencies – Enterprise Resource Planning (ERP)
Proficiency Level -3
Skill definition-Managing and integrating business processes with a single system through an ERP system software to eliminate redundancies and boost productivity.
Level 1 Behaviors
(General Familiarity)
Describes the process of enterprise resource planning in managing daily business processes.
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Level 2 Behaviors
(Light Experience)
Identifies operational issues associated with the transition to the ERP Cloud system.
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Level 3 Behaviors
(Moderate Experience)
Leverages ERP workflow technology to automate business processes.
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Level 4 Behaviors
(Extensive Experience)
Monitors daily reporting of ERP across multiple channels to improve overall data compliance and reliability.
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Level 5 Behaviors
(Mastery)
Designs workflow and configurations to facilitate the integration of ERP systems with other applications.
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3 Vendor Managed Inventory Manager - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Vendor Managed Inventory Manager
Proficiency Level - 4
5 Competency for - Vendor Managed Inventory Manager
Proficiency Level - 5

7 soft skills or competencies (core competencies) for Vendor Managed Inventory Manager

1 Core Competencies – Planning and Organizing
Proficiency Level -4
Skill definition-Managing and prioritizing resources and workloads by creating well-organized plans to attain organizational goals and objectives.
Level 1 Behaviors
(General Familiarity)
Documents best practices in planning and organizing work to address important tasks.
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Level 2 Behaviors
(Light Experience)
Discusses the positive and negative outcomes of planning and organization in the workplace.
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Level 3 Behaviors
(Moderate Experience)
Helps set up new practices to anticipate and address the needs of planning and organization initiatives.
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Level 4 Behaviors
(Extensive Experience)
Facilitates the adoption of advanced tools to streamline the process of planning and organization.
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Level 5 Behaviors
(Mastery)
Develops best practices in planning and organizing activities to improve organizational efficiency.
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2 Core Competencies – Coordination
Proficiency Level -3
Skill definition-Ability to plan, execute, and adjust job duties to achieve business goals.
Level 1 Behaviors
(General Familiarity)
Illustrates the abilities and competencies necessary for coordination.
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Level 2 Behaviors
(Light Experience)
Plans work schedules for a simple project.
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Level 3 Behaviors
(Moderate Experience)
Creates contingency plans to mitigate emergencies and prepare for most circumstances.
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Level 4 Behaviors
(Extensive Experience)
Develops working processes and detailed planning for a brand new project.
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Level 5 Behaviors
(Mastery)
Establishes measures to assess progress against the plan.
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3 Vendor Managed Inventory Manager - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Vendor Managed Inventory Manager
Proficiency Level - 4
5 Competency for - Vendor Managed Inventory Manager
Proficiency Level - 5

Summary of Vendor Managed Inventory Manager skills and competencies

There are 2 hard skills for Vendor Managed Inventory Manager, Distribution Requirements Planning, Manufacturing Operations.
10 general skills for Vendor Managed Inventory Manager, Preventative Maintenance, Enterprise Resource Planning (ERP), Distribution Management, etc.
7 soft skills for Vendor Managed Inventory Manager, Planning and Organizing, Coordination, Project Management, etc.
While the list totals 19 distinct skills, it's important to note that not all are required to be mastered to the same degree. Some skills may only need a basic understanding, whereas others demand a higher level of expertise.
For instance, as a Vendor Managed Inventory Manager, he or she needs to be skilled in Planning and Organizing, be skilled in Coordination, and be skilled in Project Management.

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