Inventory Specialist Job Description

An Inventory Control Specialist Position in Little Rock

An Inventory Control Specialist is an individual who oversees the ordering, storing, receiving and distributing of an organization's products and supplies. Their main duties include controlling the flow of supplies and equipment, tracking and analyzing inventory maintenance and developing protocols for loss mitigation. A national audit company is looking for local individuals to staff their technology-based inventory team.

Excellent opportunity for ambitious college students and seasoned professionals who live in the Little Rock area. Inventory specialists work in retail stores to manage and maintainventory. They will make sure a company's shipment is accurate.

The inventory specialists make sure there is enough room in the warehouse for new product shipments. When inventories start to run low, the Inventory Specialist will place orders to replenish and make sure they never run out of essential inventory items. They use management software systems and technologies to keep their inventory records current.

A high school degree is required to work as an Inventory Specialist. Some candidates have an associate or bachelor's degree inventory management. Students can start training in their educational program or work inventory.

Students who are working toward a certification will receive additional training. Inventory Specialists have experience in warehouses. Candidates may have been Inventory Stocker or Selector.

Inventory Control Specialist Positions

An inventory control specialist is a person who is in charge of inventory in a company. Inventory storage, inflow and outflow, goods shortage and excess of inventory are some of the important tasks. Entry level inventory control specialist can make up to $30,000 a year.

You can get around $35,000 if you have the experience for 5 years. You can easily demand more than $50,000 with over 10 years of experience. The inventory control specialist can be promoted to the position of materials manager.

The materials manager position is a good one to get. You can easily get $70,000 if you are a hard working professional. You can get the position of materials manager if you have good work performance.

The Salary of Inventory Control Specialists

The inventory control specialist will receive and sign the shipment of products. They can interact with vendors to make sure shipments are on time and that they pay for their products. Inventory control specialists are responsible for ensuring that the company's inventory remains sufficient.

They may place orders when products are low and send back items that the company does not need. Inventory control specialists often work with other departments to find what is needed. Most employers only require a high school degree or equivalent work experience to become an inventory control specialist.

Some people can enter the field without prior work experience if they have the right skills. Most inventory control specialists get training on the job for several weeks or months under the supervision of a more experienced coworker. Inventory control specialists earn a median annual wage of $27,600, which is listed as material recording clerks by the BLS.

Wasp: A Leading Software and Hardware Company for Inventory Management

The desire to provide easy, straightforward, and error-free tracking solutions for the small and medium-sized business was the beginning of the desire of the company. Most tracking solutions were designed for enterprise-level companies, forcing most small businesses to manually track business critical items. The company expanded its client base as its solutions evolved, while maintaining a stronghold in the broad market. Since 1994, the brand of Wasp has been a leader in software and hardware solutions for inventory management and asset tracking applications, with hundreds of thousands of customers around the world using the brand.

Inventory Management

Inventory management specialists count inventory to determine which items have low or excess stock, and they compare previous counts with computer software to analyze changes. They inspect products and stock levels to see if there are problems with theft and damage. They use historical data and sales reports to forecast inventory needs.

They recommend buying stock from vendors, reducing prices to get rid of excess products, and decreasing losses from damaged and stolen inventory. They write reports on current inventory levels when they perform their regular counts, and also alert management about the causes of stock losses. They also create reports to document replenishments and actions taken to clear out unneeded inventory.

The Inventory Specialist Position in a Warehouse Environment

The inventory specialist is primarily responsible for keeping and maintaining the stock levels of inventory items. The inventory specialist is responsible for maintaining the integrity of the inventory, doing spot checks, and making sure that all purchase orders have been received on time. The inventory specialists are responsible for reconciling the weekly inventory reports and ensuring that the negative balances are corrected.

They make sure that the warehouse is clean and safe. They use the computer to account for returns, issues, receipts, and other items. They input the vital data on the various materials that have been handled and ensure that they strictly adhere to the accounting procedures and other inventory rules and regulations.

The Pay of Inventory Specialists

Inventory Specialists work at a variety of organizations to keep track of inventory input and output, maintain records, and monitor inventory transportation. Since the focus of an Inventory Specialist is always homed in one department of the company, their work must be highly detailed and consistently precise. Inventory Specialists must keep a close eye on their company's inventory expenditures and create budgets to do so.

The Bureau of Labor Statistics says the median annual salary for Logisticians is $74,260. The lowest-paid Inventory Specialists make $43,830 per year, while the highest-paid make a median income of $116,960. The District of Columbia, Maryland Alabama have the highest median salary for inventory specialists.