Inventory Specialist
As an Inventory Specialist, you will measure and monitor, detect, prevent and investigate company losses, maximizing business profitability, and ensuring Company policies and procedures are followed. You will ensure each audit is performed and managed effectively and the business has a clear understanding of the results achieved. The Inventory Specialist role encompasses all store based activities and includes auditing stock, process error, inventory queries and other operational store audits as and when required to drive an efficient and accurate stock file.
As an Inventory Specialist you will:
Be responsible for ensuring that each audit is performed and controlled effectively
Plan, organise and supervise store stocktakes alongside carrying out pre audit meetings with retail operations to ensure the stocktakes are well executed
Investigate the quantity and value differences found on all audits, particularly on stocktake
Provide analysis of physical stockholding against the book quantities held on the retek merchandising system
Produce clear succinct working documentation to support the audit procedures performed and findings noted
Work closely with Retail Operations, Stock Operations, the Buyers and Merchandisers and the Loss Prevention teams
Monitor and audit all processes and procedures that affect stock accuracy
Ensure the stock file reflects accurately the stock being delivered into the store
Manage the correction of the stock file for sales dumped to a product department including identifying the SKU reference number and transferring the sale to the appropriate SKU.
Challenge the integrity of stock file adjustment requests and ensuring stocktake adjustments are fully supported with evidence
Communicate and report accurate information to the business including: stock audit results, weekly adjustments, refund reports and dump sales
Support the red-alert process and agreeing actions to address audit outcomes
Conduct follow-up audits to ensure actions take place and change occurs
A bit about you:
Proactive - able to work under own steam as well as with others in a team
Shows initiative, passion, and decisiveness, consistently producing quality results against given deadlines
Has a strong background of conducting effective meetings
Confident - professional and courteous at all times, demonstrating tact and initiative with an ability to monitor, investigate and conduct meetings with the relevant customers
Methodical - with good attention to detail
Constantly reviews equipment and procedures to keep up-to-date and ensure individual, department and company objectives are met;
Organised - able to assess, analyse, plan, and monitor a variety of tasks at once, staying ahead of the game at all times, juggling regular store compliance audits with the administrative side of the role, providing timely, concise and accurate reporting
Communication - always the key to success in this role. Professionalism, empathy, influencing, and interpersonal skills, combined with clear written/verbal communications ensures this role is eminently effective and successful
Analytically minded with strong excel skills
This guide represents a summary of the role; however, all team members are expected to be flexible in the work they undertake, which may change from time to time, according to the needs of the business.
