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What does an inventory auditor do?

Updated January 8, 2025
7 min read
What does an inventory auditor do

Inventory auditors are responsible for creating and monitoring inventory reports as well as recording various products and stocks. Often, Inventory Auditor works full-time hours inside a warehouse and delivery company, business establishment, Malls, and other management company. The job also includes traveling to different locations and work with multiple industries. Counts the item stock's quantity and compares the inventory record to physical inventory to ensure that the number matches with the supply amount and there is no missing product.

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Inventory auditor responsibilities

Here are examples of responsibilities from real inventory auditor resumes:

  • Manage the collection, analysis and verification of managerial payroll information to detect fraud and/or unethical practices.
  • Process price adjustments, correct inventory in the AS400 system.
  • Perform research in WMS, and report problem and perform final confirmation of correction.
  • Perform daily warehouse audits using AS400 verifying product quantity, location, and shipping information.
  • Travel to different stores and take account of store's inventory using a microcomputer and a RF scanner.
  • Inventory merchandise with the use of the RF system, audit trailers, investigate and communicate discrepancies and cycle count merchandise.
  • Maintain inventory integrity by researching and resolving inventory variances through system transactions in WMS.
  • Perform audits on hospitals participating in Medicaid program to ensure the hospitals are reimburse properly for services render to Medicaid beneficiaries.
  • Reduce transaction time and improve Sarbanes-Oxley compliance by developing and implementing new, improve processes for identifying and eliminating obsolete inventory.
  • Scan UPC information and assure accurate counts and product placement.
  • Perform physical counts, stock on hand counts, replenishment data, shelf price audits and UPC and SKU cross references.
  • Provide quality inventory services to companies contract by RGIS, and perform related work as required

Inventory auditor skills and personality traits

We calculated that 22% of Inventory Auditors are proficient in Customer Service, Basic Math, and Sales Floor. They’re also known for soft skills such as Organizational skills, Detail oriented, and Customer-service skills.

We break down the percentage of Inventory Auditors that have these skills listed on their resume here:

  • Customer Service, 22%

    Employed as Customer Service Representative * Orchestrated customer transactions * Reconciled cash drawer daily.

  • Basic Math, 20%

    Used basic math and operated a 10-key machine for data entry.

  • Sales Floor, 7%

    Use a hand held computer scanner to manually scan inventory on the sales floors and stock rooms for various retailers.

  • Inventory Audits, 7%

    Conducted physical wholesale inventory audits and book audits, which ensured sufficient collateral secured Chrysler Financial's security interests.

  • Computer Data, 6%

    Reconciled computer data by analyzing physical counts and various reports.

  • Organizational Effectiveness, 6%

    Explore and suggest new approaches that can impact quality and/or quantity of job performance and organizational effectiveness, innovative.

Common skills that an inventory auditor uses to do their job include "customer service," "basic math," and "sales floor." You can find details on the most important inventory auditor responsibilities below.

Organizational skills. The most essential soft skill for an inventory auditor to carry out their responsibilities is organizational skills. This skill is important for the role because "strong organizational skills are important for accountants and auditors, who often work with a range of financial documents for a variety of clients." Additionally, an inventory auditor resume shows how their duties depend on organizational skills: "explore and suggest new approaches that can impact quality and/or quantity of job performance and organizational effectiveness, innovative. "

Detail oriented. Another essential skill to perform inventory auditor duties is detail oriented. Inventory auditors responsibilities require that "accountants and auditors must pay attention to detail when compiling and examining documents." Inventory auditors also use detail oriented in their role according to a real resume snippet: "completed detailed audit reports to inform clients of cycle counts, along with theft issues and other irregularities. "

Communication skills. For certain inventory auditor responsibilities to be completed, the job requires competence in "communication skills." The day-to-day duties of an inventory auditor rely on this skill, as "accountants and auditors must be able to listen to and discuss facts and concerns from clients, managers, and other stakeholders." For example, this snippet was taken directly from a resume about how this skill applies to what inventory auditors do: "team leader for counting backroom stock of major retail store communication with store management and personnel 4 years of customer service. "

Math skills. A commonly-found skill in inventory auditor job descriptions, "math skills" is essential to what inventory auditors do. Inventory auditor responsibilities rely on this skill because "accountants and auditors must be able to analyze, compare, and interpret facts and figures." You can also see how inventory auditor duties rely on math skills in this resume example: "job requires knowledge of how to use a data computer, calculator with added functions, and basic mathematics. "

All inventory auditor skills

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Compare different inventory auditors

Inventory auditor vs. Audit specialist

An audit specialist is responsible for evaluating the reports by a professional auditor that will assist in improving the growth of the organization to achieve its goals and objectives. Audit specialists aid in the development of the company by using a systematic approach to reach the goals set by the company. Primary responsibilities include operating complex and difficult audit projects and conducting audits of control, financial, and other operating records. Also, they develop, implement distinct audit strategies, programs, and procedures for intricate assignments.

If we compare the average inventory auditor annual salary with that of an audit specialist, we find that audit specialists typically earn a $24,625 higher salary than inventory auditors make annually.Even though inventory auditors and audit specialists are distinct careers, a few of the skills required for both jobs are similar. For example, both careers require customer service, audit results, and audit findings in the day-to-day roles and responsibilities.

These skill sets are where the common ground ends though. The responsibilities of an inventory auditor are more likely to require skills like "basic math," "sales floor," "inventory audits," and "computer data." On the other hand, a job as an audit specialist requires skills like "audit reports," "patients," "internal audit," and "process improvement." As you can see, what employees do in each career varies considerably.

Audit specialists really shine in the professional industry with an average salary of $72,330. Comparatively, inventory auditors tend to make the most money in the technology industry with an average salary of $38,554.On average, audit specialists reach higher levels of education than inventory auditors. Audit specialists are 5.3% more likely to earn a Master's Degree and 0.6% more likely to graduate with a Doctoral Degree.

Inventory auditor vs. Audit internship

An audit intern is responsible for assisting the finance department in processing financial reports, analyzing account statements, releasing invoices, and conducting tax audits. Audit interns shadow tenured staff on the operation procedures to familiarize themselves with work processes. They are also tasked to do administrative and clerical duties under the supervision of a direct supervisor, such as writing reports, ensuring the accuracy of financial statements, responding to clients' inquiries and concerns, and escalating high-level complaints to the supervisor for immediate resolution.

On average, audit interns earn a $14,647 higher salary than inventory auditors a year.

In addition to the difference in salary, there are some other key differences worth noting. For example, inventory auditor responsibilities are more likely to require skills like "customer service," "basic math," "sales floor," and "inventory audits." Meanwhile, an audit internship has duties that require skills in areas such as "audit procedures," "risk assessments," "cpa," and "gaap." These differences highlight just how different the day-to-day in each role looks.

Audit interns earn a higher average salary than inventory auditors. But audit interns earn the highest pay in the professional industry, with an average salary of $58,466. Additionally, inventory auditors earn the highest salaries in the technology with average pay of $38,554 annually.audit interns earn higher levels of education than inventory auditors in general. They're 12.8% more likely to graduate with a Master's Degree and 0.6% more likely to earn a Doctoral Degree.

Inventory auditor vs. Auditor supervisor

An auditor supervisor is a financial professional who manages a staff of audit professionals and controls consulting engagements that evaluate the management and operating practices of a corporate. This supervisor is required to supervise audit planning and fieldwork as well as communicates findings and recommendations to senior management. To ensure that audit staff follows the department's methodology, the supervisor must supervise the audit staff and review their automated audit work papers. The supervisor must also ensure that reviews are following the standards of the corporate audit department and the Institute of Internal Auditors (IIA).

On average scale, auditor supervisors bring in higher salaries than inventory auditors. In fact, they earn a $50,210 higher salary per year.By looking over several inventory auditors and auditor supervisors resumes, we found that both roles require similar skills in their day-to-day duties, such as "audit results," "audit findings," and "corrective action." But beyond that, the careers look very different.

The required skills of the two careers differ considerably. For example, inventory auditors are more likely to have skills like "customer service," "basic math," "sales floor," and "inventory audits." But a auditor supervisor is more likely to have skills like "audit reports," "cpa," "excellent interpersonal," and "internal audit."

Auditor supervisors make a very good living in the finance industry with an average annual salary of $86,925. On the other hand, inventory auditors are paid the highest salary in the technology industry, with average annual pay of $38,554.When it comes to education, auditor supervisors tend to earn higher degree levels compared to inventory auditors. In fact, they're 6.1% more likely to earn a Master's Degree, and 0.1% more likely to graduate with a Doctoral Degree.

Inventory auditor vs. Auditor/quality

A quality auditor is responsible for inspecting the company's services and products, ensuring its adherence to business requirements and internal regulations. Quality auditors analyze the efficiency of operational functions and production processes to maintain high-quality deliverables with the utmost consideration for the safety and security of the production staff. They run quality checks for the outputs, create findings reports, and strategize methodologies to enhance stability by utilizing standard testing parameters. A quality auditor must have excellent communication and organizational skills, as they may also recommend opportunities to generate more resources and increase revenues.

Auditors/quality tend to earn a higher pay than inventory auditors by an average of $1,646 per year.While their salaries may vary, inventory auditors and auditors/quality both use similar skills to perform their duties. Resumes from both professions include skills like "customer service," "basic math," and "audit results. "

Even though a few skill sets overlap between inventory auditors and auditors/quality, there are some differences that are important to note. For one, an inventory auditor might have more use for skills like "sales floor," "inventory audits," "computer data," and "organizational effectiveness." Meanwhile, some responsibilities of auditors/quality require skills like "excellent interpersonal," "excellent organizational," "medicaid," and "quality standards. "

Auditors/quality enjoy the best pay in the retail industry, with an average salary of $40,479. For comparison, inventory auditors earn the highest salary in the technology industry.auditors/quality reach similar levels of education compared to inventory auditors, in general. The difference is that they're 2.0% more likely to earn a Master's Degree, and 0.1% more likely to graduate with a Doctoral Degree.

Types of inventory auditor

Updated January 8, 2025

Zippia Research Team
Zippia Team

Editorial Staff

The Zippia Research Team has spent countless hours reviewing resumes, job postings, and government data to determine what goes into getting a job in each phase of life. Professional writers and data scientists comprise the Zippia Research Team.

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