Inventory Specialist Job Description

inventory specialist job description includes a detailed overview of the key requirements, duties, responsibilities, and skills for this role.

Last update : July 14, 2023

Inventory Specialist Job Description

An Inventory Specialist is a job role that specializes in the accurate recording and reporting of inventory, inventory costing and inventory cycle counts.

Inventory Specialists are typically employed by larger organizations that experience high monthly inventory turnover, such as businesses in the retail trade, manufacturing, wholesale trade, and merchandising industries.

Successful Inventory Specialists have a combination of education and experience that qualifies them to perform inventory cycle counts, ship inventory, enter inventory transactions into accounting systems, calculate inventory costs, and order inventory.

Job Brief:

We’re looking for an Inventory Specialist who can help us keep track of our inventory and make sure that we always have the products that our customers need.

Inventory Specialist Duties:

  • Generate inventory reports with inventory quantities and dollar values for each vendor
  • Analyze operating costs and profit margins
  • Manage and oversee inventory levels by forecasting and ordering
  • Create and maintain systems, standard operating procedures, and policies that ensure the efficient and economical operation of the business
  • Maintain accurate records of inventory and inventory transactions
  • Supervise inventory activities and staff
  • Recommend inventory control policies, methods, or techniques as needed
  • Ensure adequate staffing levels
  • Direct the purchasing or purchasing supervisor

Inventory Specialist Responsibilities:

  • Maintain and accurate records of all inventories in storage area; keep accurate records of product movement and supply inventory, and report discrepancies immediately
  • Order, track, and make sure product is properly received
  • Maintain and update product records with accurate weights, measurements, and descriptions
  • Take responsibility for receiving, storing, shipping, and receiving/tracking of incoming shipments
  • Perform all receiving, storage, and shipping tasks in an efficient and professional manner
  • Provide technical support and assistance to other team members

Requirements And Skills:

  • Bachelor’s degree in accounting, economics, or related field
  • 2+ years experience in an inventory control role
  • Excellent knowledge of inventory control methods and practices
  • Excellent attention to detail
  • Ability to control inventory using automated systems
  • Experience with SAP or other ERP systems

At Company Name, we believe that diversity and inclusion are key to success. We are committed to building a team that reflects our values of equality and respect for all. We encourage applications from people of all backgrounds, religions, nationalities, genders, , , gender expressions, and ages. We are especially interested in hearing from veterans and individuals with disabilities.

Share this article :