Product Management Specialist Job

[1] (1) Research market trends including hot nail and cosmetic items, and predict and analyze the pattern of consumers' purchasing favorite based on the previous years' data; and (2) based on the market research and determination of requirements such as supplier qualifications, appraisals, source selection, buying practices, value analysis, inventory control concepts and techniques, strategies for effective integration with basic finance, marketing, manufacturing objectives, material requirements planning, distribution requirements, and classical reorder point inventory including the pattern analysis, decide the optimal level of inventory for full line of nail enhancements, nail arts, eyelashes, toenails, nail glues & removals, serums, implements, natural nail cares, files, hair styling tools and small appliances by utilizing periodic inventory systems and material requirements planning software;

[2] Analyze monthly, quarterly, and yearly sales data considering seasonal variation in specific items and compare the data with each items' proposed optimal inventory level in order to determine products replacement with emphasis on order quantities, inventory cost, forecasting, perpetual inventory systems, periodic inventory systems and material requirements using the statistical methods used to generate business forecasts, specifically applications used to forecast sales, production, inventory, macroeconomic issues such as interest rates and exchange rates, and other aspects of both short- and long-term business planning - the statistical methods including but not limited to data considerations, model selection, moving averages and exponential smoothing, regression analysis, time-series decomposition, Box-Jenkins (ARIMA) models, optimal forecast combination, and forecast implementation and use of Excel-based statistical analysis and forecasting tools;

[3] Maintain inventory control operational standards by insuring accurate system inventory data in our internal ERP (Enterprise Resource Planning) system and external EDI (Electronic Data Interchange) systems; provide a business context as to how inventory fits in our overall enterprise structure; and use of inventory control platforms such as Oracle Inventory to perform many of the processing and inquiry transactions such as receiving, moving, replenishing inventory items, and generating count tags for physical inventories;

[4] Based on the analytical and managerial methods necessary for the development and control of an integrated logistics system, propose the physical supply and distribution function of our products in business management, including channel selection, transportation, and materials management; provide reengineering in supply management; and mass customization, use models and instruments in purchasing management to predict efficiency for areas of buying supplies, logistics, contracts, stock and inventory control;

[5] Develop, direct and/or advise production improvement projects by participating in a task force team (TFT) to determine the requirement of new or modified programs, procedures and processes that support the product operation functions;

[6] Interpret reports to provide analytics for internal management in order to accomplish loss prevention, expense reduction and improved production planning; AND

[7] Maintain awareness of other companies in nail products and cosmetics industries in order to evaluate their inventory support methodologies, control and reporting mechanisms for possible application to our company.

Send ltt/res to HR, Ivy Enterprises Inc. 25 Harbor Park Dr. Port Washington, NY 11050

Salary: $75,733/yr

Requirement: At least bachelor’s degree in Business Administration, Management or a related field of studies