Inventory Control Specialist in Iowa Career Overview

As an Inventory Control Specialist, you play a vital role in managing the efficient flow of goods and materials within a company. Your primary responsibility involves overseeing inventory levels, ensuring that products are stocked appropriately to meet demand while minimizing excess stock.

Key aspects of your role include:

  • Monitoring Stock Levels: You regularly assess inventory quantities and track stock fluctuations to prevent shortages or overstock situations.

  • Implementing Inventory Systems: Utilizing specialized software and systems, you manage inventory records and streamline processes to enhance accuracy and efficiency.

  • Conducting Audits: You perform periodic inventory audits, reconciling discrepancies between physical counts and recorded data to maintain inventory integrity.

  • Coordinating with Suppliers and Departments: Communicating with suppliers, logistics, and various departments is essential to ensure timely replenishment of stock and address any inventory-related issues.

  • Analyzing Inventory Data: You analyze trends and data to forecast inventory needs, aiding in effective decision-making to optimize stock turnover rates.

In this role, your contributions are significant in minimizing costs, improving operational efficiency, and enhancing customer satisfaction. By maintaining a balance between supply and demand, you help organizations operate smoothly while meeting their business objectives.

Inventory Control Specialist Salary in Iowa

Annual Median: $43,510
Hourly Median: $20.92

Data sourced from Career One Stop, provided by the BLS Occupational Employment and Wage Statistics wage estimates.

Required Education To Become an Inventory Control Specialist in Iowa

To become an Inventory Control Specialist in Iowa, you are typically expected to have a relevant educational background. Below are the specific college degree programs that can provide you with the necessary qualifications:

  • Business Administration and Management: This program offers a broad understanding of business principles, including organizational management, marketing, and financial analysis, which are essential for inventory management.

  • Business Operations Support and Secretarial Services: This degree focuses on the operational aspects of business, preparing you for tasks such as data entry, record keeping, and administrative support, which are vital in inventory control.

  • Logistics: A degree in logistics equips you with specialized knowledge related to supply chain management, transportation, and distribution—key areas in inventory control.

  • Retail Management: This program provides insights into retail operations, merchandising, and customer service, allowing you to effectively manage inventory in retail settings.

  • Small Business Administration and Management: This degree covers essential business management topics, enabling you to understand how to effectively manage inventory in small business environments, including procurement and stock management.

In addition to these degree programs, pursuing internships or certifications related to inventory management can further enhance your qualifications in this field.

Best Schools to become a Inventory Control Specialist in Iowa 2024

University of Phoenix-Arizona

Phoenix, AZ

In-State Tuition:$9,552
Out-of-State Tuition:$9,552
Admission Rate:N/A
Graduation Rate:18%
Total Enrollment:88,891

Southern New Hampshire University

Manchester, NH

In-State Tuition:$15,000
Out-of-State Tuition:$15,000
Admission Rate:96%
Graduation Rate:41%
Total Enrollment:164,091

Western Governors University

Salt Lake City, UT

In-State Tuition:$7,404
Out-of-State Tuition:$7,404
Admission Rate:N/A
Graduation Rate:49%
Total Enrollment:156,935

Colorado Technical University-Colorado Springs

Colorado Springs, CO

In-State Tuition:$12,036
Out-of-State Tuition:$12,036
Admission Rate:N/A
Graduation Rate:20%
Total Enrollment:24,808

Grand Canyon University

Phoenix, AZ

In-State Tuition:$16,407
Out-of-State Tuition:$16,407
Admission Rate:78%
Graduation Rate:45%
Total Enrollment:101,816

Liberty University

Lynchburg, VA

In-State Tuition:$15,467
Out-of-State Tuition:$15,467
Admission Rate:99%
Graduation Rate:66%
Total Enrollment:96,709
Inventory Control Specialist Job Description:
  • Verify and maintain records on incoming and outgoing shipments involving inventory.
  • Duties include verifying and recording incoming merchandise or material and arranging for the transportation of products.
  • May prepare items for shipment.

Inventory Control Specialist Required Skills and Competencies in Iowa

  • Attention to Detail: Maintain accuracy in inventory counts and data entry to prevent stock discrepancies.

  • Analytical Skills: Analyze inventory data and trends to make informed decisions on stock levels and ordering.

  • Organizational Skills: Effectively structure and manage inventory systems, ensuring efficient retrieval and storage of items.

  • Technical Proficiency: Use inventory management software and related technologies; understanding ERP systems enhances efficiency.

  • Communication Skills: Collaborate with team members, suppliers, and other departments; articulate inventory needs clearly and effectively.

  • Problem-Solving Abilities: Identify issues within the inventory management process and develop effective solutions to minimize disruptions.

  • Mathematical Skills: Utilize mathematical skills for calculating stock levels, reorder points, and handling discrepancies with precision.

  • Time Management: Prioritize tasks, meet deadlines, and manage multiple responsibilities effectively within a fast-paced environment.

  • Knowledge of Supply Chain Management: Understand the broader context of inventory within supply chain processes to optimize efficiency.

  • Adaptability: Adjust to changes in inventory systems and practices, remaining flexible to evolving business needs and market conditions.

  • Negotiation Skills: Engage with suppliers to discuss pricing, delivery schedules, and terms, ensuring favorable conditions for procurement.

  • Customer Service Orientation: Respond to internal and external inquiries related to inventory promptly and professionally, ensuring satisfaction and support.

Job Duties for Inventory Control Specialists

  • Examine shipment contents and compare with records, such as manifests, invoices, or orders, to verify accuracy.

  • Prepare documents, such as work orders, bills of lading, or shipping orders, to route materials.

  • Requisition and store shipping materials and supplies to maintain inventory of stock.

Technologies and Skills Used by Inventory Control Specialists

Enterprise resource planning ERP software

  • Oracle JD Edwards EnterpriseOne
  • SAP software

Materials requirements planning logistics and supply chain software

  • Warehouse management system WMS
  • WindowBook Postal Package Partner

Presentation software

  • Microsoft PowerPoint

Basic Skills

  • Listening to others, not interrupting, and asking good questions
  • Talking to others

Problem Solving

  • Noticing a problem and figuring out the best way to solve it

Job Market and Opportunities for Inventory Control Specialist in Iowa

  • The demand for Inventory Control Specialists in Iowa has been steadily increasing, driven by the growth of the manufacturing, retail, and logistics sectors. Companies are looking for professionals to help manage their inventory effectively, avoid stockouts, and reduce excess stock.

  • The growth potential for this career remains strong in Iowa. As businesses expand and adapt to evolving supply chain dynamics, the need for skilled inventory management will continue to rise. Many organizations are investing in technology and systems that require knowledgeable specialists to optimize their inventory processes.

  • Geographical hotspots for inventory control opportunities in Iowa include major urban centers such as:

    • Des Moines: As the capital and one of the largest cities in Iowa, Des Moines hosts a range of companies across various industries, creating numerous job openings for inventory control specialists.

    • Cedar Rapids: Known for its robust manufacturing sector, Cedar Rapids offers many opportunities in inventory management as businesses seek to streamline their supply chain and inventory processes.

    • Davenport: This city experiences growth in logistics and distribution industries, making it a viable location for inventory control roles.

    • Sioux City: With its strategic location for shipping and distribution, Sioux City is becoming an increasingly important area for professionals in inventory management.

  • Smaller cities and rural areas may also present opportunities, especially as local businesses increasingly recognize the importance of effective inventory control in maintaining competitive advantage.

  • Job openings may also arise from employees retiring or transitioning to new roles, creating a continual flow of opportunities for new entrants into the field.

  • Additionally, networking within professional organizations and community job fairs in Iowa can provide invaluable leads and connection opportunities in the inventory control sector.

  • Overall, the job market for Inventory Control Specialists in Iowa is vibrant and expanding, presenting ample opportunities for both new graduates and those experienced in the field.

Additional Resources To Help You Become an Inventory Control Specialist in Iowa

  • Association for Supply Chain Management (ASCM)
    A leading organization in supply chain education and certification. Find resources on inventory management and other supply chain aspects.
    Website

  • American Production and Inventory Management (APICS)
    APICS provides certifications, training, and research materials that can enhance your knowledge and skills in inventory management.
    Website

  • Inventory Operations by APICS
    This publication offers insights into best practices in inventory operations management. It provides valuable guidance for inventory control specialists.
    More Information

  • Council of Supply Chain Management Professionals (CSCMP)
    This organization offers resources, education, and networking opportunities tailored for supply chain and inventory management professionals.
    Website

  • Institute for Supply Management (ISM)
    ISM provides research reports, educational resources, and advocacy for supply management professionals. It’s a good source for trends in inventory control.
    Website

  • Lean Enterprise Institute
    This organization focuses on lean practices which include managing inventory efficiently. Their resources can help improve your inventory management techniques.
    Website

  • National Institute of Standards and Technology (NIST)
    NIST provides guidelines and best practices that can assist you in understanding inventory measurement and standards.
    Website

  • Supply Chain Management Institute
    This organization offers resources and training specifically designed for supply chain and inventory management professionals.
    Website

  • Books on Inventory Management
    Consider reading "Inventory Management Principles, Concepts and Techniques" by John W. Toomey and "Inventory Management: Principles, Concepts, and Techniques" by Dale F. S. Rosen for in-depth understanding and practical strategies.

  • Online Courses on Inventory Management
    Platforms such as Coursera, LinkedIn Learning, and edX offer a variety of courses focused on inventory management principles and software applications. Check links directly on their websites to find relevant courses.

These resources will aid in enhancing your knowledge, skills, and networking opportunities as you pursue a career as an Inventory Control Specialist in Iowa.

Frequently Asked Questions (FAQs) About Inventory Control Specialist in Iowa

  • What does an Inventory Control Specialist do?
    An Inventory Control Specialist is responsible for managing and overseeing a company's inventory levels. This includes tracking stock quantities, managing purchase orders, conducting regular inventory audits, and analyzing inventory data to ensure that the right products are available at the right time.

  • What qualifications do I need to become an Inventory Control Specialist?
    Typically, a high school diploma or equivalent is required. However, many employers prefer candidates with an associate’s or bachelor’s degree in supply chain management, business administration, or a related field. Additionally, experience with inventory management software and strong analytical and organizational skills are important.

  • What skills are essential for success in this role?
    Key skills include attention to detail, strong mathematical abilities, proficiency in inventory management software, excellent communication skills, and problem-solving capabilities. Familiarity with data analysis and understanding supply chain logistics can also be beneficial.

  • Is certification necessary for an Inventory Control Specialist?
    While certification is not always required, acquiring certifications such as Certified in Production and Inventory Management (CPIM) or Certified Supply Chain Professional (CSCP) can enhance your qualifications and increase job prospects.

  • What is the typical salary for an Inventory Control Specialist in Iowa?
    Salaries can vary based on experience and the specific industry but generally range from $35,000 to $60,000 annually. Factors such as the size of the company and the complexity of the inventory system can also influence compensation.

  • What job outlook can I expect for this career in Iowa?
    The job outlook for Inventory Control Specialists is positive, as businesses increasingly rely on skilled professionals to manage their inventory effectively. This trend is expected to grow in various industries, including retail, manufacturing, and distribution.

  • What industries employ Inventory Control Specialists?
    Inventory Control Specialists are needed in a variety of sectors, including retail, manufacturing, warehousing, and logistics. Essential goods, consumer products, and e-commerce companies particularly value these roles.

  • What are the opportunities for advancement in this career?
    With experience, Inventory Control Specialists can advance to positions such as Inventory Manager, Supply Chain Analyst, or Logistics Manager. Developing expertise in technology and data analytics can further enhance advancement opportunities.

  • Do I need experience to get hired?
    Entry-level positions may require minimal experience, such as internships or part-time roles in similar fields. However, having prior experience in inventory management, logistics, or a related area can improve your chances of landing a job.

  • What are some common challenges faced by Inventory Control Specialists?
    Challenges can include managing stock discrepancies, ensuring timely inventory replenishment, dealing with seasonal variations in demand, and maintaining accurate records in fast-paced environments.

  • What software tools should I be familiar with?
    Familiarity with inventory management software such as SAP, Oracle, Microsoft Dynamics, and specialized inventory tracking systems is advantageous. Basic proficiency in Excel for data management and reporting is also valuable.