Inventory Specialist Job Description Template
The Inventory Specialist is responsible for managing and tracking inventory levels, as well as overseeing the receiving and shipping of products. They work closely with other members of the supply chain team to ensure that inventory levels are accurate and up-to-date. The Specialist also assists in developing and implementing new inventory management procedures.
Inventory Specialist Job Responsibilities
- Maintain accurate records of all inventory levels, including incoming and outgoing shipments.
- Perform regular physical counts of inventory and reconcile discrepancies.
- Investigate and resolve any variances in inventory levels.
- Monitor stock levels and reorder as necessary to maintain desired inventories.
- Coordinate with vendors, suppliers, and other relevant parties to ensure timely delivery of inventory items.
- Prepare reports on inventory levels, trends, etc. as needed or requested by management.
Objectives
- Maintain accurate inventory records
- Monitor stock levels and identify opportunities for cost savings
- Conduct regular physical inventory counts and reconcile with system records
- Investigate and resolve discrepancies between physical and system inventory
- Manage cycle counting program to ensure accuracy of perpetual inventory records
- Work with purchasing department to ensure timely delivery of goods
Inventory Specialist Job Skills & Qualifications Needed
- The skills and qualifications needed for the role of Inventory Specialist are:
- A high school diploma or equivalent is required.
- Relevant experience in inventory management, logistics, or a related field is preferred.
- Strong organizational skills and attention to detail are essential.
- Proficiency in Microsoft Office applications and warehouse management systems is preferred.
- Excellent communication, interpersonal, and problem-solving skills are required.