Job Description Template – Inventory Control Specialist

Use this Inventory Control Specialist job description template to engage and recruit skilled professionals for your company effectively.

Job Summary

We are seeking a meticulous and organized Inventory Control Specialist to oversee and manage our inventory levels. The Inventory Control Specialist will be responsible for ensuring accurate inventory records, maintaining optimal stock levels, and preventing discrepancies. The ideal candidate should have strong analytical skills, experience with inventory management systems, and a proactive approach to inventory optimization.

Responsibilities:

Inventory Management: Monitor and maintain accurate inventory records across all storage locations, ensuring consistency between physical and system records.
Stock Optimization: Analyze inventory levels and usage patterns to recommend adjustments in stock levels, reorder points, and safety stock.
Cycle Counting: Conduct regular cycle counts and physical inventories to ensure accuracy and reconcile discrepancies.
Loss Prevention: Identify and investigate inventory discrepancies, losses, and shrinkage, implementing corrective actions to prevent future occurrences.
Vendor Coordination: Collaborate with suppliers to manage lead times, order quantities, and delivery schedules, ensuring timely replenishment of inventory.
Reporting: Prepare and present inventory reports, including stock status, turnover rates, and inventory accuracy metrics to management.
Process Improvement: Develop and implement inventory control procedures and best practices to enhance efficiency and accuracy in inventory management.
Compliance: Ensure compliance with company policies and regulations regarding inventory management and reporting.
Technology Utilization: Utilize inventory management software and tools to track and manage inventory levels, transactions, and movements.
Team Collaboration: Work closely with procurement, warehousing, and production teams to align inventory control processes with overall business operations.

Qualifications:

Bachelor’s degree in Supply Chain Management, Logistics, Business Administration, or a related field.
Proven experience as an Inventory Control Specialist or in a similar inventory management role.
Strong knowledge of inventory management principles, practices, and procedures.
Proficiency in inventory management software (e.g., SAP, Oracle, or similar).
Excellent analytical and problem-solving skills.
Strong attention to detail and accuracy in data management.
Effective communication and interpersonal skills.
Ability to work independently and as part of a team.
Familiarity with loss prevention and inventory audit techniques.
Ability to manage multiple priorities in a fast-paced environment.

Questions for Inventory Control Specialist Interviews:

Can you describe a time when you identified and resolved a significant inventory discrepancy?
How do you determine optimal stock levels for different types of inventory?
What steps do you take to ensure the accuracy of inventory records?
How have you used inventory management software to improve inventory control processes?
Can you share an example of how you implemented a process improvement that reduced inventory costs?