Inventory Control Specialist

Inventory Control Specialist

The inventory control specialist maintains the perpetual master inventory listings of all property, coordinates the annual inventories of all property and equipment, and warehouses or disposes of surplus property owned by an agency.

Low-end Salary: 
$63,547/yr
Median Salary: 
$75,896/yr
High-end Salary: 
$90,247/yr
Education: 

Most employers desire their inventory control specialists have a bachelor’s degree in a field such as mathematics, business, or engineering.

Math Required: 

College Algebra Trigonometry Calculus I, II, III Ordinary Differential Equations Linear Algebra Linear Programming

When Math Is Used: 

Inventory Control Specialists monitor, order, and store all parts and inventory, including monitoring the intake of parts to maintain all equipment used, providing computer records of inventory, and verifying parts requests and job procedures. Some of their duties include the following:

  • Maintain a computerized inventory system
  • Determine purchase requirements, including coordinating bid specifications, soliciting bids, analyzing proposed bids, and recommending the award of bids
  • Reviews and processes requisitions
  • Establishes and maintains positive and equitable relationships with vendors and outside services
     
Potential Employers: 

Inventory control specialists are employed in manufacturing industries, those who create transportation equipment and computer and electronic product, and merchandising industries, such as Costco and Wal-Mart.

Facts: 

According to Wall Street Journal article, Troubled Dealership, Amazing Auto Deals, car dealers always say it's a great time to buy a new car. Right now, they might actually be right. Chrysler and General Motors said they were closing nearly 2,000 dealerships across the country as part of their restructuring plans. And that, of course, means a lot of inventory must be sold quickly. This hits an industry already struggling with a collapse in sales. It's the biggest buyer's market in living memory.

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Quote Of The Day

"We use mathematics in most of our work—generally not the high-level material we had to master for the actuarial exams, but it has to be combined with problem-solving skills, people skills, and common sense. This is what makes the work challenging."

— Regina M. Berens

Consulting Actuary
Muetterties, Bennett and Associates

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30
Jul
Launch!

I talk to a lot of people who think that math is just a string of formulas, equations, and rules that someone just made up.   They think that if you want to be good at math, you should memorize all the formulas and follow all the rules, just the way the teacher tells you, and then you get an “A.”   Boring!  No wonder so many people ask, “When will I ever use this math?”

Luckily math is not just about memorizing formulas and rules....

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