The purpose of this position is to be the subject matter expert (SME) on warehouse physical and system inventory activity by interacting on the operations floor and reviewing cycle counts, troubleshooting inventory issues, managing product recalls, and verifying physical balances on hand to the Dallas Warehouse Management System (WMS) perpetual inventory records.
 
The impact this position has on Publix is to ensure inventory accuracy, segregation of duties in the counting, verifying, and recording of inventory adjustments and following processes and procedures as prescribed by Internal Audit. Sarbanes-Oxley (SOX) stresses that account reconciliation needs to include frequent inventory counts and reviews of inventory valuation methods.

Inventory has a significant impact on both the balance sheet and the income statement. Effective internal controls keep track of inventory and ensure that its proper value is reflected on Publix’s financial statements. Publix warehouse weekly inventories range from a low of $4.1 million dollars (Jacksonville Produce) to a high of $154.3 million dollars (Orlando Pharmacy). On average we store about 1.2 million cases in our warehouses, with a low of 289,000 cases (Jacksonville Produce) to a high of 7.8 million cases (Lakeland Low Velocity (LV)).  Our average inventory in cases is about 32.6 million cases in all warehouses and about $730 million dollars’ worth of merchandise.

The responsibilities listed on this position analysis are not intended to be all-inclusive and additional responsibilities may be assigned as needed