I have extensive experience with various inventory management systems, including SAP, Oracle, and QuickBooks. My proficiency includes tracking inventory levels, managing stock movements, and generating reports to optimize stock levels. I've successfully implemented inventory control measures that reduced discrepancies by 20% and improved overall efficiency.

When faced with inventory discrepancies, I first conduct a thorough investigation to identify the root cause, whether it's human error, system glitches, or process inefficiencies. I then develop corrective actions, such as retraining staff, updating software, or revising procedures, to prevent future occurrences. My approach ensures accuracy and accountability in inventory management.

To minimize inventory costs, I employ several strategies, including just-in-time inventory, bulk purchasing for discounts, and regular inventory audits. I also leverage data analytics to forecast demand accurately, ensuring we maintain optimal stock levels without overstocking. These practices have significantly reduced holding costs and improved cash flow.

Ensuring compliance involves staying updated with relevant regulations and standards. I conduct regular audits and training sessions to ensure all team members understand and adhere to these requirements. Additionally, I maintain detailed records and documentation to demonstrate compliance, which has been crucial in passing regulatory inspections.

In my previous role, I identified a bottleneck in the receiving process that was causing delays. I redesigned the workflow, introduced a new tracking system, and trained the team on the updated procedures. This initiative reduced processing time by 30% and improved inventory accuracy, leading to better customer satisfaction and operational efficiency.