Stock Controller responsibilities include:
- Forecasting supply and demand to prevent overstocking and running out-of-stock (OOS)
- Submitting purchase details (vendors information, invoices and pricing) to internal databases
- Placing orders to replenish merchandise as needed
Full Answer
What is control stock?
Updated Sep 24, 2018. Control stock refers to equity shares owned by major shareholders of a publicly traded corporation. These shareholders will have either a majority of the shares outstanding or a portion of the shares that is significant enough to allow them to exert a controlling influence on the decisions made by the firm.
When to use a stock controller job description template?
Use this Stock Controller job description template when hiring employees for Warehouse or Logistics departments. Feel free to customize this template to your company’s needs. We are looking for a Stock Controller to manage our inventory and purchase merchandise based on our company’s needs.
How do I become a stock controller?
Education and Training: To become a stock controller, you require at least a high school diploma or equivalent. Knowledge of spreadsheet programs and computer applications such as Microsoft Excel and Microsoft Word is also necessary for the job position.
What is a financial controller?
What Is a Financial Controller? Role & Responsibilities | NetSuite What Is a Financial Controller? Role & Responsibilities Financial controllers are a varied group of accounting professionals.
What is the role of a stock controller?
A Stock Controller is responsible for ensuring that the company's stock levels meet business needs. They do this by overseeing purchases and pricing reports, replenishing levels when necessary, and monitoring shipments or internal transfers between departments within one business enterprise.
How much does a stock controller earn?
Stock Controller SalariesJob TitleSalaryThe Home Depot Stock Controller salaries - 1 salaries reported$9/hrBIRD bakery Stock Controller salaries - 1 salaries reported$13/hrJoe V's Smart Shop Stock Controller salaries - 1 salaries reported$21/hrCoca-Cola Sabco Stock Controller salaries - 1 salaries reported$7,658/mo16 more rows
What do you need to be a stock controller?
Stock Controller Requirements: Bachelor's degree in logistics, business administration, or a related field preferred. A minimum of two years' experience as a stock controller in a similar industry. Proficiency in inventory management software, such as Zoho Inventory and Katana.
What job position is a controller?
A controller oversees an organization's daily accounting operations, including the accounting, payroll, accounts payable and accounts receivable departments. The controller also helps guide a company's strategic financial decisions, and is therefore integral to the financial health of the firm.
How much do stock controllers earn in South Africa?
R 192 000 per yearThe average stock controller salary in South Africa is R 192 000 per year or R 98.46 per hour. Entry-level positions start at R 156 000 per year, while most experienced workers make up to R 466 800 per year.
What does a stock controller do in South Africa?
Stock controllers work in an operations department and are in charge of all incoming goods. They manage processing all purchasing orders, receiving deliveries, and ensuring everything is accounted for in those deliveries.
What is a junior stock controller?
The Stock Controller is responsible for weekly stock count and monthly reconciliation of all stock in the warehouse for all branches Nationally. The successful candidate must be detail orintated and have a passion for administration and stock.
How much does a stock controller earn UK?
The average stock controller salary in the United Kingdom is £23,336 per year or £11.97 per hour. Entry level positions start at £21,449 per year while most experienced workers make up to £28,901 per year.
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.
Can you be a controller without a CPA?
It's possible for the CFO to also act as Controller (or vice versa) based on the organization's size. A Controller is not required to have a CPA license, although some companies might require it.
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.
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...
What are the methods of stock control?
To optimize stock control, there are several methods to choose from, including the following: economic order quantity (EOQ), vendor-managed invento...
Why is stock control important?
Stock control is a key part of inventory management that helps to maximize and regulate stock levels to meet customer demand while keeping warehous...
What are stock control systems?
Stock control systems are designed to help ecommerce businesses automatically track stock levels in real time, especially across multiple warehouse...
What is the golden rule of stock control?
Ecommerce businesses should always strive to keep maximum inventory of the best-sellers and reduce the volume of slow-selling stock. Historical ord...
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 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.
What is stock control?
Stock control, also known as inventory control, is the process of optimizing stock levels in a warehouse (s) to stabilize inventory storage costs while maintaining enough stock to meet customer demand. If done right, proper stock control can optimize logistics costs while ensuring you have just enough stock stored at all times.
How does stock control help logistics?
If done right, proper stock control can optimize logistics costs while ensuring you have just enough stock stored at all times. In order to control stock, you will need access to tools and data to make better predictions on supply and demand.
Why is it important to store inventory across locations?
You can easily visualize where your customers are, and compare your current and ideal distribution to optimize product allocation: Another benefit of storing inventory across locations is that it allows you to have backup stock in case of emergency ( e.g., unexpected warehouse closure due to bad weather).
What is JIT inventory?
Just-in-time (JIT) The JIT inventory method refers to ordering as much stock required to meet customer demand, but it also requires the ability to order quickly soon after to meet the next batch of orders.
What happens if you don't order enough stock?
But not ordering enough stock can cause items to be out of stock, can lead to backorders, and cause a decline in customer satisfaction. Obviously, each scenario is less than ideal.
Is it better to fill a warehouse with stock?
It can be tempting to fill a warehouse with as much stock as there is space to ensure you meet customer demand. But it goes without saying that taking the easy route is not always the most efficient and cost-effective. Having an optimal amount of stock on hand can be challenging, especially if you have a lot to keep track of.
Can you track inventory levels?
Though tracking inventory levels can be done using a manual system or spreadsheets, there are several inventory apps and other types of tools available that are worth the investment. These tools are designed specifically to help you track stock in real time while saving you time and reducing human error.
Stock Controller duties and responsibilities
Stock Controllers work indoors, usually in a warehouse or factory environments. However, they may be required to receive shipments on a loading dock. Stock Controllers typically work regular business hours, but they may sometimes need to work late nights or early mornings. Their day-to-day duties and responsibilities include:
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.
Stock Controller skills and qualifications
A Stock Controller needs a range of skills and qualifications to perform their duties effectively. These skills and qualifications include:
Stock Controller experience requirements
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.
Stock Controller education and training requirements
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.
Stock Controller salary expectations
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.
Job description samples for similar positions
If a Stock Controller is not quite what you’re looking for, here are other job description samples that may fit your needs:
What is control stock?
Control stock refers to equity shares owned by major shareholders of a publicly traded company.
How does stock control work?
How Control Stock Works. Stock control, also known as inventory control, manages how much product a company has on hand . However, stock control also manages how much stock a certain shareholder or group of shareholders own. Shareholders who control a majority of a company's shares effectively have enough voting power to dictate the firm's decisions.
Why is control stock beneficial?
Benefits of Control Stock. Many investors would like to be able to make crucial decisions for a company. One method of being able to have such control is by owning control stock. This requires money to be available to purchase such stock. A rather beneficial reason to have control stock is being paid.
Is it better to own a lot of stock or pay dividends?
It is even better for the investor if the company offers dividends with its stock. Owning a lot of stock that pays dividends can increase the income of the investor immensely. The dividends can be used however the owner wants, but it is another source of income to throw around or even reinvest.
Stock Controller Job Summary
We are looking for an experienced and professional stock controller to join our organization. The stock controller will be responsible for maintaining the supply and demand of inventory, and ensuring that there are adequate stocks available.
Stock Controller Requirements and Qualifications
High school degree or equivalent; Bachelor's degree in business or related field a plus
What Is a Financial Controller?
A financial controller is a senior-level manager who oversees a business's day-to-day financial operations. Sometimes called the “company historian,” financial controllers run the accounting function and are responsible for the company’s books and records.
Key Takeaways
Financial controllers are senior managers who oversee a business’s day-to-day financial operations.
Understanding Financial Controllers
In the simplest terms, financial controllers are senior managers charged with producing accurate books and records for a company. To do this, they must understand the operations of the business and the underlying relationships between inputs, outputs and the processes that support them.
Why Are Financial Controllers Important?
Financial controllership is a highly technical role; practitioners need to be both experts in all matters of accounting and compliance and relatable leaders who makes the entire organization want to follow policies and procedures.
What Is the Difference Between a CFO and a Controller?
An organization’s size influences the roles of a financial controller and a CFO. In smaller organizations with both a CEO and financial controller, these leaders share responsibility for all facets of the company’s financial processes.
What Is the Difference Between a Financial Controller and a Comptroller?
Financial controller and comptroller positions have similar responsibilities, with both taking ownership of an organization’s books and records and supervising the accounting team that generates them.
When Does a Company Need a Controller?
As a small business grows, its owner may start to spend too much time working on the accounting books rather than conducting business. Often, there is a bookkeeper or accountant already on board or on contract, but that person eventually becomes unable to support all the financial data needs of the business owner and outside stakeholders.