Managing the company's inventory is not an easy task. There are various steps in the process, and you need to be meticulous in checking. You also need to ensure that the inventory is well-stocked and the procurement of any item is on time. Given the volume of the activities in inventory management, different people need to handle different aspects. This will also promote checks and balances, as well as accountability. One such role is that of the inventory control analyst.
Inventory Control Analysts manage the incoming and outgoing items in the inventory. They check the updated inventory record to ensure that there are enough stocks for the day or until the next delivery. They also create reports related to inventory management and control. Inventory control analysts also handle the analysis in these reports to help identify ways to create more efficient processes.
If you like working in procurement and are interested in inventory management, you might consider this role. You need to be observant and have a keen eye to flourish in this role.
There is more than meets the eye when it comes to being an inventory control analyst. For example, did you know that they make an average of $24.12 an hour? That's $50,171 a year!
Between 2018 and 2028, the career is expected to grow 26% and produce 28,100 job opportunities across the U.S.
There are certain skills that many inventory control analysts have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed writing skills, analytical skills and interpersonal skills.
When it comes to the most important skills required to be an inventory control analyst, we found that a lot of resumes listed 9.5% of inventory control analysts included logistics, while 8.7% of resumes included inventory levels, and 6.7% of resumes included inventory control. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.
When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the inventory control analyst job title. But what industry to start with? Most inventory control analysts actually find jobs in the manufacturing and retail industries.
If you're interested in becoming an inventory control analyst, one of the first things to consider is how much education you need. We've determined that 46.0% of inventory control analysts have a bachelor's degree. In terms of higher education levels, we found that 13.9% of inventory control analysts have master's degrees. Even though most inventory control analysts have a college degree, it's possible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become an inventory control analyst. When we researched the most common majors for an inventory control analyst, we found that they most commonly earn bachelor's degree degrees or associate degree degrees. Other degrees that we often see on inventory control analyst resumes include master's degree degrees or high school diploma degrees.
You may find that experience in other jobs will help you become an inventory control analyst. In fact, many inventory control analyst jobs require experience in a role such as customer service representative. Meanwhile, many inventory control analysts also have previous career experience in roles such as administrative assistant or buyer.