Inventory management is very important to run a successful business. Businesses which have regular production runs depend highly on inventory. In such situations, it is very important to maintain the right level of inventory to avoid any stock out conditions.
Every business has its own accounting and record-keeping systems which are very important. Records indicate the financial position and performance of the company. Similarly, it is the duty of the inventory specialist to maintain records and ensure that the records are updated and accurate.
An inventory specialist needs to have various skills, but the two most important skills are leadership and communication skills. An inventory specialist manages a team of 6 people or even more including the inventory manager, warehouse manager, and supply chain manager.
Inventory specialist with an experience of over eight years in maintaining accurate inventory controls. Ensure the adherence to company laws and procedures regarding the purchase and shipment of the goods. Providing guidance and training to the staff and ensure accuracy of inventory and appropriate supply chain operations.
To conduct daily or weekly product counts and make sure that the products are shipped to the customers on time. Maintained the receipts of the inventory for accurate inventory reports. To update the inventory records to show the accurate position of the company. Responsible for preparing purchase orders and supporting documents to aid the process of purchase. Ensure full-time support in the warehouse.
My objectives in this role were:
- To oversee the inventory by tracking all products and supplies.
- To have a detailed knowledge of the company’s products.
- To maintain records of the store inventory and prepare inventory reports.
My roles in this job are/were:
- To oversee the company inventory in virtual and physical warehouses.
- To process and record all SKU conversions.
- To analyze any inventory discrepancies and provide solutions to improve accuracy.
- To manage the warehouse team and manage the cycle counts, physical counts, and inventory reconciliations.
- To manage, quantify and process all the returns.
- To communicate with branch managers to supply inventory to the warehouses.
- To manage warehouse transfers.
- To maintain an inventory filing system.
- To coordinate and execute purchase orders along with tracking the shipment until delivery.
My roles in this job are/were:
- To count the store products and supplies.
- To analyze sales records and compare them with the physical inventory available.
- To report inventory or faulty products to store manager.
- To ensure the organization of the stockroom.
- To enquire and place orders for new supplies.
- To make sure that no expired or outdated items are displayed for sales.
- To attend store meetings and prepare for an agenda.
- To ensure the stock is properly stored in good condition.
- To replenish the stock and make timely orders.
- To work with the store manager to plan ways to avoid any theft or mishandling of stock.
- Communication skills.
- Leadership skills.
- Team building skills.
- Understanding of business operations.
- Use of inventory software.
- Pay close attention to details.
To be provided on demand.
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