Position Summary:
The Inventory Control Specialist is responsible for monitoring, maintaining, and improving inventory accuracy across warehouses or production areas. This role ensures that physical inventory aligns with ERP system records, supports cycle counting processes, investigates variances, and helps drive inventory health improvements. The specialist works closely with planning, procurement, warehouse, and production teams to ensure optimal stock levels and material availability.
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Key Responsibilities:
- Perform daily, weekly, and monthly cycle counts and reconcile discrepancies between physical inventory and system records.
- Investigate and resolve inventory variances; implement corrective actions to prevent recurrence.
- Maintain accurate inventory data in the ERP system, including transactions, adjustments, and transfers.
- Monitor inventory levels and report potential stockouts, overstock, or obsolescence risks.
- Collaborate with the warehouse and receiving teams to ensure proper labeling, bin location assignments, and FIFO practices.
- Support physical inventory audits and year-end counts; prepare necessary documentation and reports.
- Identify and implement process improvements to enhance inventory accuracy and efficiency.
- Work with planners and buyers to ensure alignment between system demand and actual material availability.
- Track and report inventory metrics such as accuracy %, turns, cycle count compliance, and days on hand.
- Ensure compliance with company procedures and industry standards related to inventory handling and control.
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Qualifications:
- High school diploma or GED required; associate’s or bachelor’s degree in Supply Chain, Business, or related field preferred.
- 2+ years of experience in inventory control or warehouse operations in a manufacturing or distribution environment.
- Experience with ERP systems (SAP, Oracle, JD Edwards, NetSuite, D365, or similar).
- Strong attention to detail and problem-solving abilities.
- Proficient with Microsoft Excel and inventory reporting tools.
- Knowledge of inventory control practices, cycle counting, and root cause analysis.
- Forklift certification may be required depending on the role.
- Ability to work independently and cross-functionally in a fast-paced environment.
Performance Metrics (KPIs):
- Inventory Accuracy (%)
- Cycle Count Completion Rate (%)
- Inventory Adjustments ($ or qty)
- Root Cause Resolutions Implemented
- Stockout and Overages Frequency
- ERP Transaction Accuracy
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