Inventory Control Specialist

Description

An Inventory Control Specialist plays a pivotal role in the seamless operation of supply chain management by ensuring accurate record-keeping and optimization of inventory levels. The individual is responsible for the efficient tracking and management of inventory, thereby ensuring the organization maintains the right balance of stock. By coordinating with various departments, this role helps to minimize overstock and shortages while maintaining the integrity of the inventory records. The specialist implements strategic measures to streamline processes, reduce costs, and improve both efficiency and productivity. Ideally, they possess a deep understanding of inventory management software and supply chain operations. They must be detail-oriented, analytical, and possess excellent problem-solving skills to anticipate challenges and ensure the smooth flow of inventory. As a key player in the logistics team, the inventory control specialist often works under pressure to meet the demanding needs of a dynamic market environment. They demonstrate a high degree of accuracy and reliability, overseeing inventory audits, developing procedures, and producing insightful reports to guide management decisions.

Responsibilities

• Monitor inventory levels regularly to ensure optimal stock availability.
• Conduct regular audits to ensure accuracy in inventory records.
• Develop and implement efficient inventory management procedures.
• Collaborate with purchasing, sales, and logistics departments for optimal operations.
• Use inventory management software for maintaining precise records.
• Identify discrepancies between physical counts and computer records.
• Forecast inventory needs and plan for future demand accurately.
• Conduct root cause analysis to resolve discrepancies in inventory.
• Ensure compliance with company policies and regulatory requirements.
• Generate detailed inventory reports for management review and analysis.
• Coordinate product returns and communicate with vendors effectively.
• Manage obsolete inventory and minimize waste effectively.

Requirements

• Bachelor’s degree in business, supply chain management, or related field preferred.
• Proven experience as an inventory control specialist or similar role.
• Proficiency in using inventory management and ERP software systems.
• Strong analytical and mathematical skills for accurate data analysis.
• Excellent organizational skills with attention to detail and accuracy.
• Ability to work well under pressure and meet tight deadlines.
• Excellent communication skills to liaise with different departments effectively.

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