What is an Inventory Controller?

Summary

Inventory Controllers are responsible for managing and maintaining accurate records of a company’s product stock or tangible inventory. The main role of an inventory controller is to monitor stock levels to make sure that there is an adequate amount of product to meet business demands without overstocking, which can lead to wastage and increased costs. You will find inventory controllers in many industries, as they are critical to supply chain management. These industries include: wholesaling, retail, manufacturing and logistics. Successful Inventory Controllers are known to harness impressive organisation skills and are detail oriented.

Types of Inventory Controllers

The role of an Inventory Controller largely depends on the type of industry they work in and the services required by the business.

Inventory Control in Manufacturing – These controllers are responsible for managing the inventory levels of raw materials, and finished products in manufacturing facilities. An important role for these workers is waste management, they need to ensure that production lines have access to the right amount of material without overstocking.
Inventory Control in Warehousing – These controllers are required to oversee and manage the inventory levels at large storage facilities by keeping track of incoming and outgoing goods. They need to make sure that product levels align with the number of orders.
Inventory Control for E-Commerce – Online shopping is increasing in popularity, therefore the need for E-commerce Inventory Controllers is growing. They manage inventory for online businesses, by ensuring that the products listed on business websites are in stock and that customer orders can be fulfilled in a timely manner.
Inventory Control for Retail – These workers focus on the levels of stock available in retail environments such as; in retail stores or warehouses. They are responsible for managing the number of products on the shelf or in order fulfilment, while minimising product waste and excess.

Tasks Required

Inventory Controllers have several key responsibilities, which includes:

Liaising with suppliers for order management.
Monitoring inventory levels by conducting physical inventory checks and by using inventory management software to discover any discrepancies of loss of stock.
Creating inventory reports by using order insights to identify any spikes in customer consumption or stock requirements to predict future demand.
Work with other departments such as sales, logistics, and procurement to reduce discrepancies and waste.

How to Get a Job as an Inventory Controller in Australia

Get some experience: Gaining experience working in warehousing, logistics, or retail can be a great start.
Obtain any certifications: Depending on the position, an inventory controller may be expected to have certain certifications. For instance, a diploma or degree in logistics or supply chain management.
Develop Key Skills: Learn how to use inventory management software, such as SAP or Oracle. Being familiar with Microsoft Excel may also be necessary.
Search for Jobs: Consider reaching out to staffing and employment agencies that specialise in manufacturing, production, and technical roles.
Prepare a Strong Resume: Tailor your resume to the specific role you’re applying for.

5 Frequently Asked Questions (FAQ)

What qualifications do I need to become an Inventory Controller?
- Some businesses do not require any qualifications and will provide all the necessary training, However this depends on the industry. An inventory controller may be expected to have a certificate, diploma or degree in logistics or supply chain management.
What skills are important for an Inventory Controller?
- Key skills include attention to detail, knowledge of inventory control software, strong analytical abilities, and great organisational skills.
Is experience necessary for an Inventory Controller role?
- Yes, experience in related fields such as warehousing, logistics, or supply chain management is typically required.
What is the job outlook for Inventory Controllers in Australia?
- The job outlook for Inventory Controllers is positive, particularly in industries such as retail, manufacturing, and e-commerce, where efficient inventory management is incredibly important.

*This is to be used as a guide only and is not a representation of the roles we currently have available.

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