Inventory Control Manager Salary
Job Description for Inventory Control Manager
Inventory control managers oversee inventory levels to ensure that they are neither too high nor too low. They are also responsible for replenishing spent inventory, arranging for the return or disposal, and preventing shrinkage as necessary. Inventory control managers are often found in fields such as retail stores and distribution centers, food service, and manufacturing. Inventory control managers may also be employed by inventory management services, which are hired as contractors by businesses to conduct external audits on store or warehouse inventories; in this role, inventory control managers may coordinate inventory-taking teams.Read More...
Inventory control managers must possess strong organizational skills, as success in this position demands careful accounting of potentially large amounts of inventory and keeping updated records so that accurate counts may be made. In situations in which the inventory control manager oversees teams of auditors, the manager must be able to communicate effectively and make quick decisions when discrepancies arise. Inventory control managers must also have a grasp on computer operations, as most modern inventory-keeping tools are computerized devices. Inventory control managers often work in a retail or warehouse setting, so they are generally mobile for most of the day and may need to be able to lift heavy items.
Individuals with relevant experience, especially with inventory control background in a retail or warehouse environment, generally need an associate's degree. However, a bachelor's degree in business or management greatly may enhance job prospects. Prospective applicants may also consider pursing an inventory management certification program.
Inventory Control Manager Tasks
- Maintain accurate inventory counts throughout.
- Act as a liaison between departments and buyers and determine obsolete stock while optimizing inventory turnover.
- Implement and execute an inventory replenishment system ensuring proper levels of stock.
Common Career Paths for Inventory Control Manager
Though not the most common occurrence, Inventory Control Managers sometimes become Supply Chain Managers, where the average income is $82K per year. Many Inventory Control Managers advance into roles as Warehouse Managers or Inventory Managers, but the median salaries are $6K lower and $6K lower, respectively.
Inventory Control Manager Job Listings
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Popular Skills for Inventory Control Manager
Overall, survey participants reported applying a fair number of skills to their work. Most notably, skills in Data Analysis, People Management, Purchasing, and Operations Management are correlated to pay that is above average. At the other end of the pay range are skills like Inventory Control. Those familiar with Inventory Control also tend to know Microsoft Excel.
Pay by Experience Level for Inventory Control Manager
Median of all compensation (including tips, bonus, and overtime) by years of experience.
More years of relevant experience do not necessarily translate to higher paychecks. Those in the early stages of their career can expect to make around $41K; however, individuals with five to 10 years of experience bring in $53K on average — a distinctly larger sum. After working for 10 to 20 years, Inventory Control Managers make a median salary of $55K. Inventory Control Managers with more than 20 years of experience report incomes that are no higher than those with 10 to 20 years on the job.
Pay Difference by Location
For Inventory Control Managers, Cincinnati provides a pay rate that is 43 percent greater than the national average. Inventory Control Managers can also look forward to large paychecks in cities like New York (+42 percent), Memphis (+41 percent), Dallas (+23 percent), and Kansas City (+23 percent). In Houston, salaries are 12 percent below the national average and represent the lowest-paying market. Employers in St. Louis and Denver also lean toward paying below-median salaries (11 percent lower and 4 percent lower, respectively).