Inventory Specialist Job Description
Inventory Specialist Job Profile and Description
The job of an Inventory Specialist involves administration, management and supervision. This is a specialized profile in which, an individual is required to multi-task and adjust to the workings of a dynamic environment. He/she is also liable to look into all inventory management functions while coordinating with internal as well as external sources of the enterprise.
Duties and Responsibilities
- Coordinating inventory requirements and procurement details with vendors and customers.
- Making inventory budgets and maintaining the stock ratio of the enterprise.
- Supervising the inventory cycle counting.
- Accounting and Reporting of inventory surplus, product returns, and any damages.
- Evaluating the cost movement of organization products and assessing the purchase and invoice details.
- Replenishing stock in the warehouse and filling of order forms.
- Forecasting and estimating the potential stock requirements, based on sale reports.
- Tracking the transportation and distribution of inventory.
- Maintaining and overseeing the records of all stocks and compiling evaluation reports.
- Conducting a daily audit of inventory.
Skills and Specifications
- Complete Knowledge of using barcode equipment.
- Good Knowledge of operating a PC and working on inventory software and programs.
- Should possess strong calculative and analytical skill sets.
- Skills and effectiveness to manage time to meet required deadlines.
- Excellent written and verbal communiqué expertise for networking and synchronizing work.
Education and Qualifications
- Bachelor’s degree in administration, material management, logistics, supply chain or any related field from an accredited institution is basic.
- Post Graduate degree in supply chain, retail, operations, inventory management or any related field, with a minimum 2 years of experience in stock management is essential.
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Filed in: Warehousing Job Description