Delve into the fundamental qualifications, critical tasks, primary responsibilities, and essential skills that should be highlighted in a detailed Inventory Controller job description.
What does a Inventory Controller do?
An inventory controller, also known as a stock controller, is responsible for managing inventory levels for businesses in various industries. They are in charge of developing inventory management systems, maintaining stock levels, and coordinating orders and transfers. Additionally, they analyze supply chain data and generate reports on purchases and pricing.
Job Description
We are seeking a detail-oriented inventory controller to manage the inventory for our company. In this role, you will be responsible for coordinating orders and deliveries, conducting regular inventory audits and analyses, and forecasting supply and demand to ensure consistent stock levels.
To be successful as an inventory controller, you should be highly organized and have a thorough understanding of supply chain management software and practices. A top-notch inventory controller will be able to accurately predict inventory needs and possess excellent logistical skills.
Job Duties and Responsibilities
- Monitor inventory levels and restock as needed
- Develop and implement inventory control systems and practices
- Communicate and negotiate with vendors and suppliers to maintain quality stock
- Coordinate purchase orders, stock transfers, deliveries, tagging, and processing
- Forecast supply and demand to ensure adequate stock availability
- Track inbound and outbound orders to prevent overstocking and out-of-stock situations
- Analyze supply chain data and address any issues that arise
- Generate reports on purchases, pricing, supply chain analysis, and inventory management
- Conduct regular stock checks and report any issues to the supervisor
- Maintain and update records of purchase orders, pricing reports, and inventory records
Requirements and Qualifications
- High school diploma or GED
- Bachelor's degree in logistics, business administration, or a related field preferred
- At least 2 years of experience in retail, warehousing, logistics, or a similar role
- Excellent knowledge of inventory management software, such as NetSuite, Fishbowl, and Zoho Inventory
- Thorough understanding of inventory management practices, such as ABC analysis and cycle counting
- Strong analytical and logistical skills
- Excellent written and verbal communication abilities
- Exceptional collaboration and negotiation skills
- Outstanding time management and organizational abilities
Alternate Job Titles
- Inventory Control Manager
- Inventory Control Operations Manager
Inventory Controller Salary
The earning potential of a Inventory Controller can vary significantly based on factors such as geographic location, industry, professional experience, educational background, and the specific employer. On average, the annual salary for an Inventory Controller in the United States is approximately $107520.
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