I have extensive experience with various inventory management systems, including SAP and Oracle. In my previous role, I was responsible for updating and maintaining inventory records, which involved using these systems to track stock levels, manage orders, and generate reports. This experience has equipped me with the skills to efficiently handle inventory data and ensure accuracy in inventory tracking.

I prioritize tasks based on urgency and impact on operations. For instance, I ensure that replenishing critical stock items is always a top priority to avoid disruptions. Additionally, I regularly review inventory levels and sales trends to anticipate needs and adjust priorities accordingly. This proactive approach helps maintain optimal inventory levels and supports smooth business operations.

To prevent inventory shrinkage, I implement robust tracking and auditing processes. This includes regular cycle counts, which help identify discrepancies early. I also emphasize staff training on proper handling and recording of inventory. Furthermore, I utilize technology like RFID tags to enhance tracking accuracy and reduce the likelihood of theft or misplacement.

When discrepancies arise, I first conduct a thorough investigation to identify the root cause, whether it's a data entry error, theft, or damage. I then adjust the inventory records accordingly and implement corrective measures to prevent future occurrences. This might involve improving data entry protocols or enhancing security measures.

In a previous role, I noticed that our inventory turnover was slow due to inefficient stock rotation. I introduced a first-in, first-out (FIFO) system and implemented better labeling and storage practices. This not only reduced waste but also improved our inventory turnover rate by 20%, demonstrating my ability to identify and implement process improvements.