Inventory Manager Job Description Example
What Does an Inventory Manager Do?
An inventory manager is responsible for ordering, receiving, and keeping record of materials and products.
Their job description entails coordinating and managing a team of inventory workers to assist in the regulation of stock levels to ensure availability of required products.
Inventory managers develop strategies for the optimization of inventory control processes.
They control the movement of goods in and out of an organization’s warehouse.
They also liaise with the sales and customer relations department of an organization to ensure that client order are properly completed.
It is the duty of the manager of inventory control to place orders for the supply of products.
They usually carry out inventory control to identify required stock and ensure inventories are at optimal levels.
They also establish and maintain good working relationship with suppliers to ensure an efficient supply chain.
Inventory managers’ role also involves preparing and maintaining accurate inventory documentation which provides information on the quantity, type and quality of products available in a company’s storage facility.
They keep track of inventory flow in order to identify dead or slow moving stock.
They also optimize stock management systems to reduce risk of product theft or fraud.
As part of their work description, inventory managers oversee the recruiting and training of staff for the department.
They establish standards for safety, sales promotions, and work operations.
They are also responsible for directing, supervising, and assigning of work duties to inventory counters to ensure set objectives are achieved.
These managers, in fulfilling their role, analyze inventory data and present reports to upper management.
They proffer recommendations to company executives on appropriate policies and procedures for improved operations.
They also carry out forecast to identify and facilitate the process to meet a company’s future stock needs.
To work as a manager in charge of a company’s inventory requires a Bachelor’s degree in business administration, logistics, management, or in a related discipline.
Some of the important qualities required for success on the job include leadership, organizational, and logistical skills.
Inventory Manager Job Description Example/Template
If you are in need of a job description example for the inventory manager position, here is one; it shows the major duties, tasks, and responsibilities that usually make up the daily functions of most people who work in that role:
- Develop and implement inventory operational standards for staff compliance
- Utilize computer systems to electronically track inventory flow, scan stock, and reconcile inventory
- Maintain positive work relationships with customers and suppliers to ensure smooth business operations
- Coordinate the supply of goods to customers to ensure complete orders and timely delivery
- Address and resolve staff or client complaints/grievances to protect the reputation of a company and ensure a satisfied clientele
- Record daily deliveries and shipment to maintain information required for periodic inventory reconciliation
- Oversee the hiring, orienting, and training of inventory counters and other inventory personnel
- Assign and delegate job tasks to inventory personnel to ensure operational objectives are achieved
- Create and maintain spreadsheets for the report and analysis of data
- Provide written reports and results of data analysis to senior management
- Proffer recommendations to management on operational policies and objectives required for improved performance
- Utilize scanning terminals and fixed asset tracking software to monitor and regulate shipment from a warehouse
- Coordinate and manage daily physical cycle counts
- Review inventory to determine the need for stock replenishment
- Conduct negotiations with suppliers to reach a profitable bargain.
Requirements – Skills, Abilities, and Knowledge – for Inventory Manager Job
If you are seeking to work as a manager in charge of a company’s inventory unit, you will have to meet certain employer requirements to qualify for the position.
Here are common qualifications you need to have to be considered for the job by most firms:
- Education and Training: To become an inventory manager, you require a Bachelor’s degree in business administration, logistics, management or similar disciplines. Several years of experience in the inventory, warehouse, or logistics field is also required
- Leadership Skills: Inventory managers are adept at directing and managing the activities of inventory staff to meet set objectives
- Organizational Skills: They are well versed in coordinating inventory operations to ensure received and supplied products are accounted for
- Logistical Skills: They are able to regulate shipments from warehouse to ensure effective and timely delivery of client orders
- Pre-employment tests: Some firm’s may require that you take an assessment test before you are hired for this role to be sure that you have the necessary skills and qualities to succeed in the company. Find out about job assessment tests and what you need to do to make top scores in them.
This post provides a sample job description for the inventory manager position, which employers can apply to easily create a work description that is effective in attracting the best candidates for hiring into the position.
Job seekers too who are interested in this position will find the information they need to learn as much as they can about the work of an inventory manager from this post.
Did you find this post helpful in learning about the duties and responsibilities of inventory managers? Do share your thoughts about this article by leaving a comment in the box below. You may also share your work activities as a manager of an inventory department if you are one.