Inventory Control Specialist 11D25

An Inventory Control Specialist plays a crucial role in the smooth operation of any business, particularly those that deal in physical goods or products. The specialist is responsible for managing, monitoring, and optimizing the inventory levels of the company. This ensures that the company has the right amount of stock on hand to meet customer demand without overstocking, which can lead to increased costs. They must be highly organized, detail-oriented, and analytical, with strong problem-solving skills to anticipate the needs of the company. The role may involve coordinating with other departments such as sales, purchasing, and logistics to ensure that incoming and outgoing shipments reconcile with inventory data. By maintaining accurate inventory records, the Inventory Control Specialist ensures smooth operations and can significantly impact the bottom line by minimizing waste and maximizing efficiency.

Responsibilities

• Manage and oversee the organization's inventory levels to ensure optimal stock levels.
• Conduct regular physical inventory checks and audits to ensure accuracy of records.
• Develop and implement inventory control procedures and best practices.
• Coordinate with purchasing to ensure inventory levels align with business needs.
• Analyze data to anticipate inventory needs and preempt potential issues.
• Manage discrepancies in inventory data and resolve issues in a timely manner.
• Collaborate with the logistics team to ensure timely and accurate delivery of goods.
• Ensure compliance with all regulatory requirements related to inventory storage.
• Optimize inventory processes using inventory management software and tools.
• Prepare detailed reports for management, detailing inventory activities and status.
• Train and support team members on inventory procedures and best practices.
• Monitor and manage aging stock, identifying slow-moving items for action.

Requirements

• Bachelor’s degree in Supply Chain Management, Business, or a related field.
• Proven experience as an inventory control specialist or a similar role.
• Strong analytical skills and attention to detail are essential for accuracy.
• Proficiency with inventory management software and Microsoft Office Suite.
• Excellent organizational and problem-solving skills for efficient workflow management.
• Strong communication skills for liaising across various departments and levels.
• Ability to work independently and as part of a team to achieve goals.