What does an Inventory Specialist do?
An Inventory Specialist enables an organization to function optimally by ensuring that all necessary materials for production are in stock when needed. If stock is low, the Inventory Specialist should be proactive, and take the necessary steps to ensure that projects in the workflow remain in progress. It is the Inventory Specialist’s responsibility to keep track of incoming and outgoing products, and to prevent a shortage of supply that could disrupt a company’s processes. They are also often responsible for compiling data in an organized way, scheduling deliveries, and rotating stock as necessary.
Inventory Specialist skills and qualifications
A successful Inventory Specialist candidate will have skills and qualifications essential to managing the inventory of any type of establishment. Some common skills and qualifications that make a strong candidate include:
- Exceptional organizational skills
- Strong computer skills
- Excellent time management skills
- Good communication skills, both written and verbal
- Attention to detail
- Excellent problem-solving skills
- Strong decision-making skills
- Excellent financial skills (e.g. budgeting, calculating, accounting)
Inventory Specialist experience requirements
A successful Inventory Specialist will often have previous experience on the floor of a retail store or warehouse. Experience with responsibilities such as stocking shelves and supplying management with inventory reports are considered an asset to the Inventory Specialist position. A candidate may also have experience in Project Management or Production Management.
Inventory Specialist education and training requirements
There are no specific education or training requirements for most Inventory Specialist positions. However, candidates are generally expected to have at least a secondary school diploma. Completion of specialized training courses in management, inventory management, or computer software is considered a strong asset in a candidate. Candidates with a bachelor’s degree in business administration or management can be considered as exceptional candidates for the position.
Inventory Specialist salary expectations
According to Indeed Salaries, the average Inventory Specialist salary is $18.47 per hour. This will vary based on factors like geographic location, industry, and level of experience.
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