Lou-Rich is seeking a highly organized and strategic Materials Manager to oversee the planning, procurement, inventory, and distribution of materials required for our manufacturing operations. The ideal candidate will lead a team responsible for ensuring material availability, managing supplier relationships, and optimizing inventory levels to support production goals and customer satisfaction.

Innovance, Inc.

Innovance is the holding company for a family of four, 100% employee-owned, Minnesota-based manufacturing companies (Lou-Rich, ALMCO, Panels Plus, Mass Finishing, Jorgensen). Our mission is to lead, nurture, and grow a team of industrial manufacturing companies committed to making our OEM customers' products better.

About Lou-Rich

Lou-Rich is a fully integrated contract manufacturer specializing in complex projects. We provide precision machining, metal fabrication, assembly, and sourcing solutions to a variety of industries, including some of North America's largest OEMs. Companies of all sizes, from Fortune 500 companies to small, fast-growing operations trust Lou-Rich with their most vital and complex manufacturing projects.

Position Description:

The Materials Manager is responsible for overseeing the end-to-end supply chain operations including procurement, production planning, inventory control, shipping, and receiving. This role ensures that materials and products are available when needed, cost-effective sourcing strategies are in place, and inventory accuracy is maintained. The manager will lead process improvement initiatives, supplier management, and performance reporting across all supply chain functions.

Key Responsibilities:

Procurement and Supplier Management:

· Oversee the entire purchasing process including sourcing, negotiations, and supplier selection.

· Develop and implement sourcing strategies that reduce cost and manage risk.

· Build and maintain strong supplier relationships and monitor performance.

Inventory and Materials Management:

· Direct and maintain accurate inventory control systems and ensure perpetual inventory accuracy.

· Manage storage of purchased parts and finished goods, optimizing space and accessibility.

· Monitor and maintain inventory levels to ensure timely fulfillment of customer orders.

· Identify and manage obsolete or damaged inventory and coordinate appropriate write-offs.

Production Planning and Scheduling:

· Direct production planning and scheduling activities based on ERP data.

· Ensure materials and components are available to meet production schedules and customer timelines.

Shipping and Receiving:

· Oversee all shipping and receiving operations to ensure timely and accurate order fulfillment.

· Identify opportunities to reduce transportation costs and optimize logistics operations.

Cycle Counting and Auditing:

· Establish and monitor procedures for regular cycle counts and physical inventory audits.

· Investigate discrepancies and implement corrective actions.

Performance Management and Continuous Improvement:

· Track, report, and analyze key performance indicators (KPIs) related to procurement, inventory, and logistics.

· Lead process improvement initiatives to increase efficiency and effectiveness in supply chain operations.

General Responsibilities:

· Ensure compliance with internal controls and regulatory standards.

· Perform other related duties as assigned.

Other Duties:

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.