A Stock Controller's role entails maintaining optimal stock levels to meet business demands. They achieve this by managing purchase and pricing reports, restocking when required, and overseeing shipments or internal transfers between departments within a single business entity.
Responsibilities:
1. Forecasting: Predict supply and demand to prevent overstocking and out-of-stock situations.
2. Data Entry: Input purchase details, including vendor information, invoices, and pricing, into internal databases.
3. Order Placement: Place orders to replenish merchandise as necessary to maintain optimal stock levels.
4. Shipment Tracking: Monitor shipments and address any delays or issues that may arise.
5. Storage Oversight: Supervise the storage of products, especially fragile items, to ensure proper handling.
6. Supplier Evaluation: Evaluate suppliers' offers and negotiate profitable deals to maximize profitability.
7. Inventory Audits: Coordinate regular audits of inventory to maintain accuracy and identify any discrepancies.
8. Quality Control: Collaborate with warehouse staff and internal teams to test the quality of products upon delivery and ensure proper storage conditions.
9. Record Keeping: Maintain updated inventory records, including daily shipments, to track stock levels accurately.
10. Budget Management: Ensure that purchases align with budgetary constraints to optimize cost-effectiveness.
Requirements and Skills:
1. Experience: Proven work experience in a Stock Controller, Inventory Manager, or similar role.
2. Supply Chain Knowledge: Good understanding of supply chain procedures to effectively manage inventory.
3. Software Proficiency: Working knowledge of inventory management software such as NetSuite or TradeGecko.
4. Audit Participation: Actively participate in inventory audits to uphold inventory accuracy.
5. Organizational Skills: Excellent organization skills to manage stock levels efficiently.
6. Communication and Negotiation: Strong communication and negotiation abilities to interact effectively with vendors, clients, and internal teams.
7. Education: Bachelor's degree (BSc) in Logistics, Business Administration, or a relevant field.
In Belarus, the typical salary for an inventory control supervisor is 21,381 Br annually, which equates to an hourly rate of 10 Br.