Description
Analyze inventory levels, demand, and stock flows to optimize availability, cost, and accuracy. Develop forecasts and stocking policies, maintain ERP/WMS data integrity, and coordinate replenishment, cycle counts, and KPI reporting.
- • Perform data mining and modeling to forecast demand and simulate scenarios.
- • Monitor multi-site inventory balances and in-transit stock using system dashboards.
- • Identify opportunities to reduce inventory without impacting service levels.
- • Monitor industry practices and trends in inventory planning and control.
- • Enter and audit inventory data in ERP/WMS and related databases.
- • Maintain accurate item master data, units of measure, and inventory parameters.
- • Determine stocking policies, min/max levels, reorder points, and safety stock.
- • Develop and maintain demand forecasts and replenishment models.
- • Contact suppliers to confirm lead times, MOQs, and material availability.
- • Coordinate replenishment schedules with purchasing and suppliers.
- • Communicate with warehouses and operations to resolve inventory discrepancies.
- • Track stock movement from receipt through put-away, transfers, and shipment.
- • Write or revise standard operating procedures for inventory control processes.
- • Review receiving, storage, and cycle-count procedures for efficiency and accuracy.
- • Recommend improvements to forecasting, replenishment, and inventory accuracy.
- • Analyze drivers of backorders, stockouts, and excess or obsolete stock.
- • Prepare reports on KPIs such as inventory turns, days of supply, and accuracy.
- • Manage systems to ensure item cost, valuation, and lot/serial controls are correct.
- • Monitor inventory transactions to assess integrity and investigate variances.
- • Maintain databases and dashboards of inventory information and performance.
- • Ensure inventory records comply with corporate and audit requirements.
- • Build cost and benefit models for stocking strategies and order quantities.
- • Partner with supply chain and finance to optimize service levels and carrying cost.
- • Compute and publish metrics such as fill rate, cycle count accuracy, and shrink.
- • Interpret data on demand variability, lead times, and supplier performance.
- • Apply analytic tools (ABC/XYZ, EOQ, safety stock) to optimize inventory.
- • Rebalance inventory across locations to meet demand and lower transfer costs.
- • Adjust forecasts and reorder parameters in real time based on demand signals.
- • Manage disposition plans for excess, slow-moving, or obsolete inventory.
- • Evaluate storage and packaging requirements to protect product and space.
- • Support S&OP and MRP processes with accurate data and insights.
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Supply Chain & Transportation
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Tasks & skills:
O*NET occupational data (work activities, skills, knowledge).
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This site includes information from O*NET by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA), used under the CC BY 4.0 license. Career Clutch has modified some of this information for student readability. USDOL/ETA has not approved, endorsed, or tested these modifications. O*NET® is a trademark of USDOL/ETA.
Last reviewed: Jan 2026
