Inventory control analysts oversee inventory-related issues for their organization. Their responsibilities include writing reports, discovering and analyzing discrepancies in the inventory and sales data, and improving the inventory control systems in place. One of the most important aspects of the job is keeping a complete paper trail of all the transactions that take place, including maintaining an up-to-date count of all inventories in the warehouse at all times. The work day for an inventory control analyst may consist of writing reports and analyzing data in the office, counting inventory in the warehouse, participating in meetings, and completing other tasks. Work hours may vary depending on the needs of the employer.
The majority of career opportunities in this field require at least a bachelor’s degree in a relevant field, and many require an extensive background in accounting or related areas. Inventory control analysts generally work in both an office and warehouse setting, and they may be required to travel to branches of the organization they work for. They must be able to use basic computer software such as the Microsoft Office suite, perform relevant mathematical tasks, and analyze large pools of data accurately and efficiently. Inventory control analysts must be strong communicators, writers, and be able to keep focused and organized.
Inventory Control Analyst Tasks
Analyze transactions, margins, returns, and other financial data to inform decision makers.
Develop price and delivery strategies.
Assess production and inventory capacity to maximize operations and minimize cost.
Determine sales performance and inventory status, create reports, and recommending process changes.