Inventory Coordinator Job Description
Job summary 1
This position is accountable for managing assigned inventories through daily, weekly, monthly, and annual physical counts, requisitioning replenishment and seeking alternative sources and materials when necessary. Maintains communication with supported customers, monitors supply usage, and removes and disposes of obsolete products. The Inventory Coordinator organizes and leads staff in conducting periodic inventory counts, adjusting quantities and locations, and recording and reporting discrepancies to management. Under the direction of the Inventory Manager, the position is responsible for the management of all perpetual and par inventory locations as well as supplies received, stored, and issued. In all aspects, the Inventory Coordinator serves as a role model for the Service Culture Guidelines and mission of the organization.
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Job summary 2
Inventory Coordinator analyzes, reports, and processes inventory adjustments and reconciling inventory for all finished goods and component raw materials. Process failed ideas, scrap order entries, BOM (Bill of Material) creation & maintenance as needed. The primary focus of this position is to address all issues related to inventory reconciliation, master data accuracy, researching, and providing accurate corrective direction to our vendors.
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Job summary 3
This position is responsible for the daily operation of the institution stores operation, including the canteen; in the shipping, receiving, and storage of merchandise. This position performs very responsible work which contributes directly to the safe, secure, and efficient operation of the institution. The position independently performs a variety of activities within a unique work environment with an operation comparable to a large and diversified department/grocery store operation.
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Job summary 4
The Inventory Coordinator works directly with the Inventory Supervisor or Manager. They are responsible for the Inventory Controls of the Supply Chain which may include Purchase Order Approval, Part ID Creation, Aging Purchase Orders, Aging Sales Order Reservations, Cost Adjustments, and Writedowns, assembling/Disassemble Requests, Inventory Cleanup, Aging Inventory, and Vendor Management Support. The Inventory Coordinator reports directly to the Inventory Supervisor or Manager.
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Job summary 5
We are currently in search of an Inventory Coordinator to help our associates manage the inventory needed to provide kids with the books they want to read. Qualified candidates will have experience with Warehouse Management Systems, inventory processes, and shipping and receiving.
Duties & Responsibilities 5
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Job summary 6
This Inventory Coordinator position is accountable for coordinating all inventory activities for assigned dept. This may include Replenishment, Picking, Staging, Delivery, Put Away, Special Orders & Substitutions. This may include managing PAR levels, Binning, Cycle Counts, Bill Only, and Inventory Relief activities.
Duties & Responsibilities 6
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Job summary 7
We have an opening for an Inventory Coordinator. This position is responsible for ordering all equipment stock and retailed inventory for the division. This position will coordinate all physical inventory counts, adjustments, and reporting of inventory performance while ensuring compliance with the company’s established policies and procedures. This person will play a critical role in evaluating current and future inventory needs and work to implement strategies to improve availability and minimize costs by balancing customer satisfaction, inventory investment, and daily expenses.
Duties & Responsibilities 7
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Job summary 8
The Inventory Coordinator manages the inventory located in the general storeroom. Ensures that proper products are stocked and amounts are maintained on hand to satisfy customers’ needs. Monitors inventory weekly thru cycle counts and daily by site inspection to ensure proper amounts are on hand.
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Job summary 9
The Inventory Coordinator is responsible for managing and monitoring the inventory.
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Job summary 10
We are looking to fill an Inventory Coordinator position in a fast-paced and high-energy environment.
Duties & Responsibilities 10
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Frequently asked questions
What are 10 things inventory coordinators do?
An Inventory Coordinator plays a crucial role in managing a company's inventory to ensure efficient operations. Here are ten things that an Inventory Coordinator typically does:
Maintain Inventory Levels: They monitor and maintain optimal inventory levels to ensure there are sufficient goods to meet customer demand without overstocking.
Organize Inventory: They oversee the organization of inventory in the warehouse or storage area. This includes ensuring items are stored in a way that makes them easy to locate and access.
Perform Inventory Audits: They conduct regular inventory audits or counts to verify the accuracy of inventory records.
Manage Receiving: They oversee the process of receiving new inventory, making sure items are properly inspected, accounted for, and stored.
Track Shipments: They monitor incoming and outgoing shipments to ensure timely delivery and receipt of goods.
Inventory Record Keeping: They update and maintain accurate inventory records using inventory management software or systems.
Coordinate with Other Departments: They work closely with sales, purchasing, and operations teams to ensure inventory needs are met and any issues are resolved quickly.
Report Inventory Status: They prepare and present reports about inventory levels, turnovers, or shortages to management, helping inform business decisions.
Identify and Address Discrepancies: They identify discrepancies between physical inventory and inventory records, investigate the causes, and rectify the issues.
Implement Inventory Control Measures: They develop and implement inventory control procedures and best practices to prevent discrepancies and ensure efficient inventory management.
In short, an Inventory Coordinator plays a vital role in maintaining a balance of stock that matches the needs of the company's customers while preventing overstock or stockouts. Their role is pivotal in ensuring the efficient and cost-effective operation of the business.
What are inventory coordinator skills?
Inventory Coordinators need a unique blend of skills to effectively manage and organize a company's inventory. Here are some important skills that an Inventory Coordinator should have:
Organizational Skills: Inventory Coordinators must manage large amounts of inventory and keep track of various items in different locations. They need strong organizational skills to keep everything in order and ensure that inventory levels are accurately maintained.
Attention to Detail: They must be able to accurately count and record inventory, catch discrepancies, and ensure all details related to inventory management are accurately documented.
Problem-Solving Skills: When discrepancies occur between recorded inventory and physical stock, or other issues arise, Inventory Coordinators need to identify the problem and find a solution.
Communication Skills: They often work with different departments, suppliers, and team members. Effective communication is necessary to ensure everyone is on the same page regarding inventory levels and needs.
Mathematical Skills: A fundamental understanding of basic math is necessary for counting inventory, analyzing stock levels, and calculating inventory needs.
Computer Skills: They often use inventory management software or databases to track inventory. Knowledge of these systems, as well as general computer literacy, is important.
Analytical Skills: Analyzing inventory data to identify trends, forecast future needs, or pinpoint problems is a key part of this role.
Time Management Skills: Inventory Coordinators often have to balance multiple tasks and responsibilities at once, making good time management essential.
Physical Stamina: In some cases, they may need to lift heavy items or be on their feet for extended periods.
Knowledge of Inventory Management Principles: Understanding the principles of inventory management, including concepts like Just-In-Time (JIT), First In First Out (FIFO), and safety stock can be very beneficial.
By developing these skills, an Inventory Coordinator can effectively maintain accurate inventory records, ensure efficient operations, and contribute to a company's overall success.
