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The major responsibility of an Inventory Controller is to ensure that only ample supply of stocks is being maintained at the warehouse at any given time, (the right quantity, right quality, at the right cost) so as to minimize expenditures and wastage, also get away of excessive purchases, thus, in effect, maximizing company's money and worth .
Being an Inventory Controller, the foremost thing is to make sure to have availability of Stocks as per Business need at any given point of time. handling of various available operating markets Stores in terms of Stock Allocation, replenishment. Consolidating & making Price Revision of Slow Sellers to ensure timely liquidation of Aged Stocks. Assisting Senior Merch & Merch in terms of giving various Reports & make a strategic solution for any given problem. Own Bought buying in terms of Product Selection from the Local Supplier, replenishment, Invoice Processing & making necessary arrangements of Supplier payment within the given time frame.
Ensures adequate inventory of materials and products in accordance with inventory cycles and organizational philosophy.
Conducts daily inventory analysis to solve inventory problems.
identifying discrepancies, and coming up solutions to problems
Develops and implements inventory control procedures.
Coordinates and manages daily physical cycle counts.
Trains and manages an inventory team.
check product codes,
Inventory Controller may track defective pieces of inventory, rates of return, rates of purchase, and rates of accuracy.
