Inventory Control Specialist

Client of Talentmate

An Inventory Control Specialist is a pivotal role within any organization that seeks to maintain a seamless flow of products and materials. The specialist is primarily responsible for managing the inventory levels of a company, ensuring the accuracy and adequacy of stock levels, and addressing issues related to overstocking or stockouts. This role requires a keen eye for detail, strong organizational skills, and the ability to work with various inventory management systems and technologies. Inventory Control Specialists help streamline operations, reduce costs, and improve overall efficiency within the supply chain. They collaborate closely with other departments, especially procurement, logistics, and sales, to ensure optimal inventory levels are maintained. The role often involves generating reports and analyzing data to forecast inventory needs, making it ideal for individuals with strong analytical skills and a passion for data-driven decision-making.

Responsibilities

• Manage and maintain accurate records of all inventory transactions to ensure data integrity.
• Conduct regular audits of inventory levels to ensure accuracy and detailed reporting.
• Develop and implement inventory control policies and procedures for operational efficiency.
• Analyze and forecast inventory demand to avoid overstocking or stockouts.
• Collaborate with purchasing departments for timely inventory replenishment and new stock procurement.
• Monitor and report on inventory discrepancies or shortages to management for resolution.
• Coordinate with logistics teams to ensure timely delivery and receipt of inventory items.
• Utilize inventory management software to track and manage stock efficiently.
• Prepare detailed inventory reports and present findings to management for strategic planning.
• Implement best practices for inventory storage and handling to minimize damages or losses.
• Maintain strong relationships with vendors and suppliers for effective communication.
• Train and mentor junior staff or team members in inventory management techniques.

Requirements

• Bachelor s degree in business, logistics, supply chain management, or a related field.
• Proven experience in inventory control, supply chain management, or a similar role.
• Strong analytical skills with the ability to interpret complex data and information.
• Proficiency in inventory management software and strong computer skills.
• Excellent organizational and time-management skills with attention to detail.
• Outstanding communication skills for effective collaboration and negotiation.
• Ability to work independently and as part of a team under tight deadlines.