What are the role and responsibilities of inventory controller?

Prepare and submit inventory control reports to Supervisor. Respond to enquiries regarding products and inventories. Perform inventory control to ensure optimal inventory levels. Provide direction and assistance to colleagues as needed. Maintain inventory reports according to standard documentation and archiving procedures. Count and record merchandises received according to store policies. Perform clerical tasks including answering calls, taking messages, operating printers, and typing letters. Ensure that merchandises received are in accordance with purchase order specifications. Oversee merchandise returns to vendors. Utilize word processing applications and spreadsheets for inventory control documentation.

Inventory control is a component of business operations that ensures an appropriate amount of supply without excess. Inventory control is often a component of logistics, supply chain, or production management and may be overseen by these managers. However, positions as inventory specialists and clerks are available with a range of organizations, from factories to hospitals.

Inventory control specialists typically work in a warehouse. They collect data using a computerized system, which allows them to track various aspects of inventory. This data is used to calculate products and parts orders, to ensure that the proper amount of inventory is distributed at the right time. Additionally, specialists may track defective pieces of inventory, rates of return, rates of purchase, and rates of accuracy, in order to maintain and improve quality control.  Inventory control specialists are also responsible for responding to sales inquiries, filing reports, managing employees, and providing creative solutions to discrepancies.

Job role

Monitoring and maintaining current inventory levels, ensuring quantities that appear in the system are accurate for planning of purchase, promotions and marketing activities.

 

Duties and responsibilities

1. Monitoring and maintaining current inventory levels, ensuring quantities that appear in the system are accurate for planning of purchase, promotions and marketing activities.

2. Ensuring adequate inventory of product in accord with inventory cycle.

3. Coordinates and manages daily physical cycle counts and reconciles if actual counts reports.

4. Preparation of monthly consignment sales report to be submitted to supplier.

5. Preparation of daily inventory sheets in all location every end of month.

 

 

Here some of the basic tasks of an Inventory Controller 

* Controlling the product's inputs & outputs  from warehouses 

* Tracking & updating stocks both on sheets & computerized system 

* Avoiding product's shortage  

* In time triggering the product's purchasing process 

* Verifying periodically the matching between physical quantities in stocks with those indicated in the soft solution 

and undertaking the necessary corrective measures in case of discrepancies

* Reporting as much as fixed in the related procedures 

agree with above answers

 

1. Keep and update database.

2. Monitoring and evaluating the product incoming and going.

3. Provide quality report to the responsible authority.

 

Agreed with colleagues answers

In these days of lean management started by the Japanese concept of JUST IN TIME MANAGEMENT the role of the inventory manager is to provide just enough so that the production process is not hampered but too much capital is not used up by purchasing stock .

Four primary responsibilities of inventory managers and explain what each requires.1. Evaluate SuppliersInventory managers have the important responsibility of finding a supplier who will provide your company with the goods needed to operate and be profitable. Part of that role means maintaining a good working relationship with suppliers by communicating and dealing with concerns or problems, such as a delay in an order being processed. In addition, an inventory manager needs to be aware of other available suppliers in the area who may be willing to provide your business with materials at a better cost.2. Prepare DocumentationInventory managers are responsible for managing inventory documentation. They must accurately record the quality, quantity, type, style, and any other characteristics of the inventory so your company has a clear understanding of what is and isn’t available. These documents also help your company avoid shrinkage due to loss or theft because the inventory manager always has a running tally. The documentation prepared by the inventory manager can also be valuable information for marketing purposes and when determining strategies to effectively move inventory.3. Purchase New InventorySome organizations may have a separate purchasing department that negotiates and signs contracts with suppliers. However, in smaller companies, that responsibility may fall to the inventory manager in addition to his or her role in managing the ongoing relationship with suppliers. The inventory manager must have a constant knowledge of what inventory is left and what is running low. In the event inventory is low, he or she must mange ordering more from the appropriate supplier and negotiate pricing and a timeline for delivery. Additionally, a good inventory manager will know when he or she has too much inventory and will know the correct steps for addressing that particular issue.4. Track InventoryThis is an obvious responsibility, but it’s an important one to acknowledge considering how integral knowledge of your inventory flow impacts all three of the duties mentioned above. Overall, the inventory manager is responsible for ensuring your organization has the right amount of stock to meet customer needs and also to avoid overstocking items; which ties up cash and creates storage issues. An inventory management solution will make an inventory manager’s life much easier. Inventory management software is an automated approach that provides the ability to accurately and quickly track inventory.

Maintain record and inventory lists, review paperwork and reports, check product codes, process shipping orders, and provide costumer service under the supervision of your manager.

1. Evaluate Suppliers, Prepare all arrangements to work,Track Inventory,

 

Inventory control specialists typically work in a warehouse. They collect data using a computerized system, which allows them to track various aspects of inventory. This data is used to calculate products and parts orders, to ensure that the proper amount of inventory is distributed at the right time. Additionally, specialists may track defective pieces of inventory, rates of return, rates of purchase, and rates of accuracy, in order to maintain and improve Quality control.   Inventory control specialists are also responsible for responding to sales inquiries, filing reports, managing employees, and providing creative solutions to discrepancies.