Department:
Supply Chain & Logistics
Reports To:
Inventory Manager or Supply Chain Manager
Employment Status:
Typically, full-time, though part-time and contract positions may be available depending on organizational needs.
Compensation:
Compensation varies based on experience, region, and the company’s size. Typically, an inventory controller might receive a base salary, potential bonuses, and, in some organizations, benefit packages.
Position Overview
An Inventory Controller plays a crucial role in managing and overseeing an organization’s stock, ensuring that optimal levels are maintained and that the flow of goods remains efficient and cost-effective. This role requires meticulous attention to detail, a firm grasp of logistics, and a deep understanding of demand and supply principles.
Key Responsibilities
- Stock Management: Monitor inventory levels within the warehouse or storage facility, ensuring stock levels align with demand forecasts.
- Reporting: Regularly generate and analyze inventory reports, highlighting any discrepancies or inefficiencies and making recommendations for improvement.
- Ordering and Purchasing: Coordinate with procurement teams to ensure timely and cost-effective stock replenishment.
- Quality Control: Conduct regular audits and inventory inspections to ensure product quality and accurate record-keeping.
- Loss Prevention: Implement security measures and procedures to prevent theft, damage, or potential losses.
- Collaboration: Work closely with sales, procurement, and warehousing teams to ensure seamless operations and meet organizational objectives.
- Technology Utilization: Operate and maintain inventory management software or systems, ensuring accurate data entry and reporting.
Qualifications
- A minimum of a bachelor’s degree in supply chain management, logistics, business administration, or a related field.
- Previous experience in inventory management or a related role is typically preferred.
- Strong analytical and problem-solving skills.
- Proficiency in inventory management software or related IT systems.
- Exceptional organizational and multitasking abilities.
- Strong communication skills, both written and verbal.
Benefits
- Health Benefits: Medical, dental, and vision insurance coverage.
- Retirement Plans: Potential for 401(k) or similar retirement savings options with company matching.
- Professional Development: Opportunities for training, courses, and certifications to advance career prospects.
- Employee Discounts: Discounts on company products or services, if applicable.
- Paid Time Off: Includes holidays, sick days, and vacation days.
- Bonus Structures: Performance-based bonuses or profit-sharing in specific organizations.
With a central role in any organization’s supply chain, an Inventory Controller ensures that business operations run smoothly and efficiently, maximizing profitability and meeting customer demands.