Inventory Control Specialist 10J26

The Inventory Control Specialist is a pivotal role within the supply chain process, responsible for overseeing and managing the inventory of goods. This position involves ensuring accurate record-keeping, monitoring stock levels, and coordinating with procurement and warehouse teams to maintain optimal inventory levels. The Inventory Control Specialist ensures that the process runs smoothly, from handling invoices and purchase orders to preparing inventory reports. This role demands meticulous attention to detail, strong analytical skills, and proficiency in inventory management software. By maintaining efficient inventory systems, the Inventory Control Specialist helps prevent the overstocking or understocking of products, ensuring that customers receive their orders on time and that the company minimizes excess costs.

Responsibilities

• Oversee and manage inventory levels to ensure an optimal balance of stock.
• Develop and implement inventory control processes and best practices.
• Coordinate with the procurement team to maintain supply chain efficiency.
• Monitor stock status and analyze usage patterns to forecast demand accurately.
• Conduct regular audits to ensure accuracy in inventory records and data entry.
• Prepare detailed inventory reports for management review and decision-making.
• Collaborate with warehouse staff to improve stock storage and management.
• Ensure timely and accurate processing of purchase orders and invoices.
• Resolve issues related to inventory discrepancies and variances promptly.
• Implement loss prevention strategies to minimize shrinkage and waste.
• Ensure compliance with regulations governing inventory management procedures.
• Assist in developing training programs for staff on inventory management systems.

Requirements

• Bachelor's degree in Supply Chain Management, Logistics, or related field.
• Minimum of 3 years of experience in inventory control or related role.
• Strong proficiency in inventory management software and MS Office Suite.
• Excellent analytical, organizational, and problem-solving skills required.
• Ability to manage multiple tasks and priorities in a fast-paced environment.
• Attention to detail and a commitment to data accuracy and integrity.
• Strong communication skills to liaise effectively with various departments.