Inventory Management & Control
The Inventory Management & Control function is responsible for the efficient storage and monitoring of inventory in company warehouses and storage facilities. Through communications with the Forecasting and Purchasing or Procurement groups, they set levels at which to purchase additional volumes of each item (and notify the appropriate parties when those levels are reached, usually in an automated manner). They also control the quality of storage methods and ensure that incoming and outgoing items meet the necessary standards. This is especially important in industries with tight regulation, such as food production and processing, chemicals and oil and gas.