Inventory Control Specialist

Inventory Control Specialist
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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: 
$55,011/yr
Median Salary: 
$78,410/yr
High-end Salary: 
$104,183/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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Salary figures from
the current US Bureau of Labor of Statistics website and represent the
90th percentile.

The most common question students ask math teachers at every level is “When will I use math?” WeUseMath.org is a non-profit website that helps to answer this question. This website describes the importance of mathematics and many rewarding career opportunities available to students who study mathematics.


 

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