An inventory manager controls the inventory of materials or goods for a company. This includes keeping accurate account of all inventory on hand, as well as ordering additional inventory to meet the needs of the business. The inventory manager decides whether a product needs to have additional stock in the warehouse or if it can be ordered on an as-needed basis. The inventory manager is also responsible for hiring and managing inventory clerks to assist them.
The position of inventory manager can be physically and mentally demanding. They can be expected to stand for long periods of time, as well as bend and twist to locate and count inventory on hand. Depending on the type of business, inventory may be located in a hot warehouse or in an air-conditioned building.
Generally, a bachelor's degree in mathematics or inventory management is required in this position. This may sometimes be substituted with five years of work history in the same field. It may be helpful to work as an inventory clerk to gain the experience necessary to succeed as an inventory manager. A high level of organizational skills is important to succeed in this position. Excellent communication skills are necessary; knowledge of a computerized inventory tracking system is also helpful.
Inventory 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.