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%
$117,233
TOTAL 50%
$129,018
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)
Explains the benefits of the key elements of DRP in the distribution process.
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Level 2 Behaviors
(Light Experience)
Informs the materials department of shortages and excess supplies before distribution.
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Level 3 Behaviors
(Moderate Experience)
Performs DRP functions to meet customer demands as well as enhance outbound logistics and warehouse operations.
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Level 4 Behaviors
(Extensive Experience)
Manages replenishment process and DRP activities for each warehouse and distribution center.
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Level 5 Behaviors
(Mastery)
Monitors and makes sure that all DRP and replenishment activities comply with quality procedures and policies.
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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)
Identifies advantages and benefits of proper manufacturing operations.
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Level 2 Behaviors
(Light Experience)
Reports operations and manufacturing quality issues and trends to senior management.
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Level 3 Behaviors
(Moderate Experience)
Performs various cleaning and sterilization processes to prepare equipment for manufacturing operations.
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Level 4 Behaviors
(Extensive Experience)
Plans production meetings to create effective strategies that increase manufacturing operations performance.
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Level 5 Behaviors
(Mastery)
Introduces new advancements and technologies to improve existing 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)
Identifies specific preventative maintenance guidelines for different types of equipment and systems.
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Level 2 Behaviors
(Light Experience)
Records inspection reports and updates checklists after preventative maintenance calls.
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Level 3 Behaviors
(Moderate Experience)
Performs complex preventative maintenance to maximize the service life of the equipment and systems.
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Level 4 Behaviors
(Extensive Experience)
Reviews the preventative and predictive maintenance systems and communicates improvement areas.
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Level 5 Behaviors
(Mastery)
Forecasts and prioritizes maintenance and inspections utilizing program planning.
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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)
Explains how to use the ERP system for multiple business processes of an organization.
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Level 2 Behaviors
(Light Experience)
Maintains accuracy of customer requirements and data in ERP system.
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Level 3 Behaviors
(Moderate Experience)
Manages daily ERP operations to ensure performance reliability of the ERP systems.
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Level 4 Behaviors
(Extensive Experience)
Provides training to stakeholders to streamline and improve ERP operations.
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Level 5 Behaviors
(Mastery)
Develops ERP implementation plans to manage business complexities and increase process efficiency.
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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)
Explains the importance of planning and organization in building a good working environment.
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Level 2 Behaviors
(Light Experience)
Identifies key implications of ineffective planning and organization that affects decision-making.
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Level 3 Behaviors
(Moderate Experience)
Leverages key performance indicators to measure progress completion against performance metrics.
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Level 4 Behaviors
(Extensive Experience)
Manages the planning and sequencing of activities to create well-planned schedules and achieve goals on time.
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Level 5 Behaviors
(Mastery)
Establishes standards for planning and organization processes to align efforts with business goals.
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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)
Lists the roles and responsibilities of coordination in the workplace.
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Level 2 Behaviors
(Light Experience)
Selects and utilizes tracking tools to manage daily tasks.
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Level 3 Behaviors
(Moderate Experience)
Delegates and coordinates a team's duties to ensure no overlap between responsibilities.
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Level 4 Behaviors
(Extensive Experience)
Facilitates groups and diverse areas to work together effectively.
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Level 5 Behaviors
(Mastery)
Leads in the establishment of best practices for planning multiple activities.
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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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