Inventory Control Specialist

6 days ago

Fort Mill, United States Eastern Wholesale Fence LLC Full time
Title: Inventory Control Specialist

Department (s): Manufacturing

Reports to: Corporate Inventory Control Manager

Summary:

This position will be responsible for maintaining inventory accuracy through the implementation of a robust cycle count system and yearly physical inventory. Detailed tracking and analysis of adjustments to inventory, scrap recording and salvage, as well as interdepartmental collaboration for monitoring job order completions and purchase order receipts and its effects on inventory levels. Recommendation of continuous improvement activities that will prevent inventory stock outs. Collaborate with corporate inventory control, warehousing, and manufacturing to ensure compliance with company processes and initiatives. Coordinate with purchasing and procurement departments to ensure timely and adequate stock replenishment. Analyze inventory data to identify trends, forecast demand, and recommend adjustments to inventory levels or stock replenishment strategies.

Essential job functions:
  • Oversee all aspects of inventory control, including receiving, cycle counting, and maintaining accurate inventory records.
  • Develop and implement inventory control procedures and processes to ensure accuracy, efficiency, and compliance.
  • Monitor inventory levels and track stock movements to maintain optimal inventory levels and prevent overstocking or stockouts.
  • Conduct regular physical inventory counts to reconcile physical stock with system records and identify discrepancies.
  • Coordinate with purchasing and procurement departments to ensure timely and adequate stock replenishment.
  • Resolves discrepancies in receiving by identifying damaged items and shortages and quantity of materials; placing materials in inventory, conferring with various entities to adjust; correcting the shortages and obtaining credits.
  • Analyze inventory data to identify trends, forecast demand, and recommend adjustments to inventory levels or stock replenishment strategies.
  • Collaborate with warehouse personnel to optimize inventory layout, storage, and retrieval processes.
  • Conduct regular audits to ensure inventory accuracy, identify discrepancies, and implement corrective actions.
  • Maintain accurate and up-to-date inventory records, including item descriptions, quantities, locations, and stock movements.
  • Generate regular reports on inventory performance, stock levels, and key metrics for management review.
  • Liaise with cross-functional teams, including sales, finance, and production, to ensure alignment of inventory needs with business requirements.
  • Able to research and troubleshoot both physically and systematically all inventory goods.
  • Develop and implement inventory control procedures to improve accuracy and efficiency.
  • Perform counts, both planned and prioritized, to ensure all inventory is accounted for and reported according to company policy.
  • Work with manufacturing departments for BOM verification, correction, and timely entry.
  • Investigate and correct discrepancies in reported quantities and locations of warehouse inventory.
  • Log exceptions for review and corrective action with Management team
  • Analyze inventory data to identify trends and areas for improvement.
  • Entering and expediting transfers of inventory between facilities
  • Track and report on supply chain waste, analyze data, and coordinate reduction efforts
  • Work closely with the Operation Managers and General Manager to manage in stock levels, and to identify slow moving and/or obsolete inventory
  • Works closely with purchasing to minimize raw material stock outs.
  • Special projects as assigned.
  • Other duties as requested.
Requirements

Minimum requirements:
  • Bachelor's degree in supply chain management, logistics, or a related field is preferred.
  • 3+ years of experience in inventory control or a related field
  • Strong analytical skills and attention to detail
  • Knowledge of inventory control principles and best practices.
  • Ability to develop and implement inventory control procedures.
  • Excellent communication and interpersonal skills
  • Experience with inventory management software
  • Proven leadership skills and the ability to train and mentor others.
  • Previous experience using or implementing an ERP/MRP system required.
  • Previous experience working in a high paced manufacturing environment required.
  • Must possess good time-management and effective decision-making skills with an ability to work independently in a fast-paced manufacturing environment
  • Excellent organizational and time management skills to handle multiple tasks and meet deadlines.
  • Strong attention to detail and accuracy in data entry and record keeping.
  • Proficient in using inventory management software and tools.
  • Analytical mindset to interpret inventory data, identify patterns, and make data-driven decisions.
  • Ability to work collaboratively and communicate effectively with cross-functional teams.
  • Strong problem-solving and decision-making skills to resolve inventory-related issues.
  • Knowledge of inventory control principles, procedures, and best practices.
  • Familiarity with supply chain management concepts and practices.
  • Understanding of warehouse operations and inventory handling processes.
  • Ability to adapt to changing priorities and work under pressure in a fast-paced environment.
Physical demands & work environment:
  • Office and Outside Work Environment


Disclaimer:

The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified. All personnel may be required to perform duties outside of their normal responsibilities from time to time, as needed.

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