Inventory Control Manager job description
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What does a Inventory Control Manager do?
The Inventory Control Manager is essential in maintaining an accurate inventory system, ensuring stock levels meet organizational demands. This role plays a critical part in optimizing operational efficiency and controlling costs by minimizing excess inventory and shortages.
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What are the Key Responsibilities of Inventory Control Manager
- Develop and implement effective inventory management procedures.
- Monitor stock levels and perform regular audits to ensure accuracy.
- Establish and maintain relationships with suppliers and vendors.
- Analyze inventory data to forecast future inventory needs.
- Coordinate with procurement, sales, and logistics teams.
- Investigate and rectify inventory discrepancies.
- Ensure compliance with inventory control policies and procedures.
- Implement technology and systems to improve inventory management.
- Train and supervise inventory control staff.
What are the Skills and Requirements for a Inventory Control Manager?
- Strong analytical and problem-solving skills.
- Proficiency in inventory management software and tools (e.g., SAP, Oracle).
- Excellent communication and leadership abilities.
- Attention to detail and organizational skills.
- Ability to work effectively with cross-functional teams.
What are the KPIs to track for Inventory Control Manager?
The Inventory Control Manager's performance is evaluated based on accuracy in inventory records, successful forecast alignment with inventory needs, and improving inventory turnover rates.
Inventory Accuracy
Maintain high accuracy levels in inventory records.
Inventory Turnover
Achieve target inventory turnover rates.
Cost Efficiency
Minimize costs through effective inventory management practices.
Reports to
Operations Director
Collaborates with
Procurement, Logistics, and Sales Teams
Leads
Inventory Staff
Are any specific tools or software required for the Inventory Control Manager role?
- SAP
- Oracle
- Microsoft Excel
- Inventory Management Systems
What is the qualification of Inventory Control Manager?
Bachelor's degree in Supply Chain Management, Business Administration, or a related field, with 3-5 years of experience in inventory management.
