1/20/2024 0 Comments Inventory controllerThis could lead them to discover that a production company has acquired the supplier's competitor and given it priority. If deliveries become erratic or disrupted, the stock controller may decide to investigate the supply chain to identify the problem. These investigations can help stock controllers better anticipate problems and find solutions or alternatives.įor instance, they might primarily work with a particular supplier to acquire goods. They might therefore periodically check how these are operating, either regularly or because of issues they've noticed. Stock controllers have an awareness of the supply chains that provide them with the goods they order. Related: What is a supply and demand curve and how is it useful? Investigating supply chains Using this information, they can order extra stock in advance to allow the company to take advantage of the increased demand. They might also use data to determine how much higher demand becomes during these times. They often do this by gathering information and data over time to observe patterns which are often seasonal, and once the stock controller identifies them, they can start to proactively anticipate them.įor example, a stock controller might observe that demand for certain products increases greatly in the last two months of the year due to Christmas holidays. Being able to do this can make them much more effective and able to anticipate rapid changes in supply and demand. Forecasting supply and demandĪ good stock controller knows when it's going to be necessary to order more stock in advance. They can also use inventory management systems and technological solutions to manage stock accurately. A stock controller might work with other people like warehouse workers to achieve this, especially in larger facilities. This involves regular inspections of stock levels and then ordering new stock when they deem it necessary. They base this on the demands from retailers or others who have access to the stock, in addition to their own assessments regarding supply and demand. One of the primary responsibilities of a stock controller is ensuring that current inventory levels are sufficient. Some of the common stock controller responsibilities are as follows: Maintaining stock levels Understanding what stock controllers do can help you determine whether this is the right career choice for you. Related: 12 warehouse job titles (With primary duties and salaries) What does a stock controller do? They can also manage warehouses and other storage facilities using inventory management systems. This involves inspecting existing amounts of stock and ordering new stock when current inventory levels start to diminish. View more jobs on Indeed View more What is a stock controller?Ī stock controller is responsible for ensuring that retailers, warehouses, restaurants and other such places have the necessary amounts of stock.
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