Inventory Specialist JD

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 organization

Duties and Responsibilities

• Coordinating inventory requirements and procurement details with vendors and customers.

• Making inventory budgets and maintaining the stock ratio of the organization.

• Supervising the inventory cycle counting.

• Accounting and Reporting of inventory surplus, product returns, and any damages.

• Evaluating the cost movement of company 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

• Knowledge of using barcode equipment.

• Knowledge of operating a PC and working on inventory software and programs.

• Should possess strong calculative and analytical skill sets.

• Ability and effectiveness to manage time to meet required deadlines.

• Good 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.

• Post Graduate degree in supply chain, retail, operations, inventory management or any related field, with a minimum 2 years experience in stock management