An Inventory Specialist is responsible for managing and overseeing the inventory of goods or materials within an organization. Their primary task is to ensure that stock levels are maintained at the right balance — not too much, to avoid overstocking costs, and not too little, to prevent stockouts. Inventory specialists play a critical role in the supply chain by ensuring that products are available when needed while optimizing storage and inventory management costs.

Key Responsibilities:

1. Inventory Management: Ensuring that inventory is tracked accurately and is maintained at optimal levels to meet business needs. This includes overseeing the receipt, storage, and movement of goods in warehouses or stores.

2. Stock Monitoring and Replenishment: Regularly monitoring inventory levels and tracking product turnover to determine when replenishment is necessary. Inventory specialists help set reorder points and ensure that items are restocked in a timely manner.

3. Inventory Audits: Performing physical counts of inventory to ensure that the recorded inventory matches the actual stock on hand. This often involves conducting cycle counts or full physical inventories and resolving any discrepancies.