Stock Controller Duties and Responsibilities
- Ensure Stock Availability. The primary responsibility of stock controllers is maintaining optimal levels of stock at all times.
- Handle Purchases and Transfers. ...
- Organize Storage. ...
- Record Inventory. ...
- Undertake Audits. ...
What are the duties and responsibilities of a stock controller?
Stock controllers perform various functions, including the tasks, duties, and responsibilities shown in the job description example below: Maintain accurate record of inventory and stock management systems according to set standards. Develop inventory control models that promote lower cost of sales, shorter lead times, and reduced stock levels.
What are the responsibilities of a stock clerk?
Use the following example entries to get started on your own stock clerk job description:
- Manage the inventory on a daily basis, making accurate and precise records of all added or removed items
- Complete monthly inventory, keeping a master list of all products in stock
- Follow instructions carefully for retrieving specific items from the stockroom
What does a stock controller do?
What Does a Stock Controller Do? Stock controllers generally oversee the management, purchase, and replenishment of goods in a sales establishment to ensure maintenance of stock levels. Their job description involves maintaining accurate record of inventory and stock management systems according to set standards.
What are the duties and responsibilities of a controller?
Controller duties and responsibilities. The following are common duties and responsibilities of a Controller: Assist management with important financial decisions; Prepare financial documents such as business reports, financial forecasts and statements to understand the financial state of business
What are the skills of a stock controller?
Stock Controller skills and qualificationsThorough attention to detail.Customer service skills.Organisation and time management skills.Ability to perform well under pressure.Familiarity with inventory management systems.Ability to work well with suppliers, customers and other team members.Active listening skills.More items...
How can I be a good stock controller?
Stock Controller Requirements: Proficiency in inventory management software, such as Zoho Inventory and Katana. In-depth knowledge of inventory management principles and best practices. Extensive experience in supply chain data analysis. Great analytical and problem-solving skills.
What are the job requirements of a controller?
Controllers must have solid communication, technology, analytical and management skills. Candidates should possess knowledge of all aspects of generally accepted accounting principles (GAAP).
How much does a stock controller make?
Stock Controller SalariesJob TitleSalaryIKEA Stock Controller salaries - 1 salaries reported$26/hrThe Home Depot Stock Controller salaries - 1 salaries reported$9/hrBIRD bakery Stock Controller salaries - 1 salaries reported$14/hrJoe V's Smart Shop Stock Controller salaries - 1 salaries reported$22/hr16 more rows
What is the 80/20 rule in inventory?
The 80/20 rule states that 80% of results come from 20% of efforts, customers or another unit of measurement. When applied to inventory, the rule suggests that companies earn roughly 80% of their profits from 20% of their products.
How do you interview a stock controller?
Interview Questions for Stock Controllers:Which steps do you recommend to streamline storage operations? ... What inventory management software do you use and why would you recommend it? ... Can you tell me what data you analyze to ensure the availability of stock? ... What is your approach to performing inventory audits?More items...
Who reports to a controller?
In a large company setting, controllers supervise people like accountants, payroll managers, tax managers, and financial managers. They typically report to the CFO (Chief Financial Officer). The CFO may distribute some of the financial management responsibilities between a controller and a treasurer.
Is a controller an executive position?
A controller is a company executive that is responsible for all the organization's accounting activities. They typically report to the company's CFO if there is one. In a larger organization, a controller will oversee payroll processing and financial reporting, and they might help the CFO to prepare operating budgets.
Is controller a good job?
Yes, a controller is a good job. A controller has managerial duties such as overseeing the financial operations of companies and handling tasks like creating budgets, managing investment decisions, assessing risk factors, and creating financial reports.
How much does a stock controller earn in Australia?
Find out what the average Stock Control salary is The average stock control salary in Australia is $57,500 per year or $29.49 per hour. Entry-level positions start at $53,825 per year, while most experienced workers make up to $63,038 per year.
What is a stock taker job?
A Stocker, or Stock Clerk, is responsible for making sure that consumers have access to the merchandise they are looking for by organizing product displays and storage. Their duties include counting inventory, adding price tags to items and putting products on shelves according to an organized system.
How much does inventory controller earn in South Africa?
The average inventory controller salary in South Africa is R 300 000 per year or R 154 per hour. Entry-level positions start at R 192 000 per year, while most experienced workers make up to R 3 207 000 per year.
What does a Stock Controller do?
A Stock Controller’s responsibilities include processing orders, checking that stock levels are consistent, and ordering new products if needed. Th...
What are the duties and responsibilities of a Stock Controller?
Stock Controllers are in charge of making sure that the right amount and type of inventory is always available. They must have a good understanding...
What makes a good Stock Controller?
A good Stock Controller will be knowledgeable about supply chain procedures, have working knowledge of inventory management software, audits, and a...
Who does a Stock Controller work with?
The Stocker Controller negotiates with suppliers to ensure the most profitable deals. They are also the link between warehouse staff and other inte...
Stock Controller Job Description Template
We are looking for a highly capable stock controller to manage our stock inventory. You will be analyzing supply chain data to ensure stock availability, placing purchase orders and transferring stock, and maintaining purchase and pricing reports.
Stock Controller Responsibilities
Coordinating stock control operations with warehouse staff, as well as the sales and finance departments.
Stock Controller Requirements
Bachelor's degree in logistics, business administration, or a related field preferred.
What is the role of stock controller in a store?
Customer Service Skills: Stock controllers often interact with clients in a store to assist them with finding an item
What is a stock controller?
Stock controllers generally oversee the management, purchase, and replenishment of goods in a sales establishment to ensure maintenance of stock levels. Their job description involves maintaining accurate record of inventory and stock management systems according to set standards. They ensure the regulation of in-stock level complies ...
What is the job of a warehouse manager?
Supervise the maintenance of a warehouse/storeroom and ensure proper arrangement of stock
What education do you need to be a stock controller?
The stock controller job requires at least a high school diploma or equivalent to access. Some of the qualities required to succeed on the job include customer service, communication, and math skills.
Why do supply chain managers carry out assessment?
They carry out assessment of supply chain to identify risks and develop solutions useful in minimizing losses.
Why do economists analyze pricing structures?
They usually carry out analysis of pricing structures to gain insight regarding competitive prices, and also to make necessary adjustments in order to benefit from current pricing.
What are the responsibilities of a supply and demand forecaster?
Responsibilities. Forecast both supply and demand that helps prevent running OOS and overstocking. Enter purchase details (invoices, vendor details, pricing) into the internal databases. Place orders that help replenish stock items as and when required.
What skills do you need to be a supply chain manager?
You should have extensive know-how with the latest supply chain procedures and have robust communication skills that will help you interact with internal teams, clients, and vendors. Last but not least, you will be increasing effectiveness and profitability by maintaining optimal stock levels of the best products at all times.
Can you customize a job description?
You can also customize this job description according to your hiring requirements.
What does a Stock Controller do?
A Stock Controller is usually responsible for making sure that stock levels are consistent, ordering new stock if necessary and processing orders. Stock Controllers also record and maintain inventory lists, check product codes, review reports and paperwork and provide customer service. They support their Managers by helping with administrative tasks, looking for solutions to issues in inventory and identifying discrepancies. They also update stock information and computer systems.
How much does a stock controller make?
According to Indeed Salaries, the average salary for a Stock Controller is £26,615 per year. Actual salary varies depending on several factors, including the company, its geographical location, the industry in which it operates and the Stock Controller’s experience.
How many years of experience do you need to be a stock controller?
Many employers look for Stock Controllers with previous experience in stock management or a related field. Some companies prefer candidates who have one to five years of experience working as a Stock Controller Assistant or experience working in a stockroom or in other inventory positions. For senior Stock Controller positions, candidates must have at least six years of experience in stock management.
What to look for in a stock management job?
Look for proof of past performance, such as achieving a specific percentage of inventory accuracy. You must also look for skills relevant to the position, such as basic IT skills. Candidates with several years of experience in stock management would be ideal for the job.
How long does it take to train a stock controller?
The length of the training varies depending on the company’s size and the industry in which it operates. However, it usually takes around three months. Relevant training may include marking inventory, counting stocks, unpacking merchandise and performing record keeping. Because many companies are now using computerised and automated systems, training and retraining may take a bit longer.
Who do stock controllers report to?
In large companies, a team of Stock Controllers may report to an Inventory Manager, Finance Manager or Operations Manager. In small organisations, Stock Controllers may report directly to the COO or CEO.
Do you need a degree to become a stock controller?
Entry-level Stock Controller positions don’t require any formal education, but employers could be on the lookout for candidates who have strong communication and numeracy skills, so having some GCSEs in maths and English is important. Some employers prefer candidates with diplomas in a retail business, while others prefer candidates who have completed an apprenticeship scheme.