Frequency
Common in All Physical Product Businesses.
Essential once inventory value or complexity grows past what an owner or ops manager can track mentally or on spreadsheets.
Industry Zones
Daily Plan
Track stock levels and turnover rates
Perform cycle counts and full inventory audits
Forecast inventory needs to prevent stockouts or overstocking
Coordinate with Procurement and Production to align inventory with demand
Implement inventory control systems (FIFO, JIT, Kanban, etc.)
Analyze inventory data to identify inefficiencies or shrinkage
Core Requirements
Strong analytical and organizational skills
Proficiency in inventory management systems and ERP software
Understanding of warehousing, shipping, and receiving workflows
Comfortable with data-driven decision making
Bonus: Knowledge of Lean or Six Sigma inventory principles
