Inventory Manager Job Description: Top Duties and Qualifications

An Inventory Manager, or Stock Control Manager, monitors, organises and replenishes a company’s products and supplies. Their primary duties include monitoring inventory levels, ordering new stock as needed and checking shipments and deliveries.

 

Build a Job Description

Inventory Manager duties and responsibilities

The duties of an Inventory Manager incorporates many different aspects, such as management, analysis, forecasting and reporting. The range and scope of their responsibilities differs depending on the type and size of the company, generally their tasks include:

  • Designing and implementing an inventory tracking system to accurately monitor stock levels
  • Sourcing suppliers and fostering good relationships with them
  • Preparing and documenting daily deliveries and shipments 
  • Preparing reports and advising management on strategies to reduce cost and improve procedures
  • Maintaining an accurate inventory database that includes detailed information on available stock
  • Purchasing new stock and negotiating favourable contracts with suppliers
  • Working closely with sales, purchasing and other relevant departments to organise the efficient flow of inventory
  • Ensuring that inventory and warehouse staff follow relevant health and safety regulations

 

Build a Job Description

Inventory Manager Job Description Examples:

 

Example 1

Recognised as a market leader within our sector, we are a well-established and very successful business, which continues to grow, and are now looking to recruit an Inventory Stock Manager to join our team on a permanent basis. The post holder will report to the Head of Operations. The role will be based in Peterlee, and is full time. We are looking for the candidate to work Monday to Friday between the hours of 8am and 6pm (with some flexibility as the role requires). As an inventory Manager you will be responsible for maintaining the stock audit process by initiating, coordinating and enforcing operational policies and procedures, supporting effective stock management. Role & * Manage all aspects of stock from receipt through to point of dispatch. * Monitor and report all stock discrepancies. * Manage a perpetual inventory process. * Conduct full stock audits on a continuous basis * Oversee all returns and shortage claims and carry our customer discrepancy investigations * Continuous monitoring and utilisation of warehouse space * Responsible to produce and monitor weekly reports for the warehouse * Monitor workflow and productivity * Motivate, organize and encourage teamwork within the workforce to ensure productivity targets are met or exceeded. * Organise the recruitment and training of staff as well as monitoring staff performance and progress * Promote a continuous improvement culture in the business through lean practices What we are looking for: * Experience within inventory management, inventory control and materials management. * Calm under pressure and used to working in a fast-paced environment. * Excellent IT skills - specifically MS Excel with ability to report and use analytical tools. * An ability to lead and motivate a team in a fast growing, dynamic and non-corporate environment In return we offer: * Competitive salary * 28 days holiday (inclusive of bank holidays) rising to 31 days * Employee Benefits Scheme * Free parking * Staff discount * Employee Assistance Programme * Pension Job Types: Full-time, Permanent COVID-19 considerations: To keep our employees as safe as possible, we have implemented staggered shift patterns and breaks, provided hand sanitisers on site, screens where needed to separate areas, face masks to be worn and full risk assessments of all roles. Work remotely: * No

Example 2

Logistics done differently. Are you currently working as an Inventory Supervisor in a fast-paced environment? Are you looking for your next opportunity to progress in your career? We are looking for an Inventory supervisor to join our team at our Amazon site in Daventry on a full-time permanent basis. Working a 4 on 4 off shift pattern, [website] Pay, benefits and more: We’re looking to offer a salary of up to £24,150 per annum, as well as access to a variety of high street discounts, a cycle to work scheme, a workplace pension, and many other perks. What you’ll do on a typical day: Managing site inventory, achieving and exceed KPI targets expectations Manage shift performance and productivity to ensure quality and compliance Responsible for day to day running of the shift Manage and deliver team member performance and reviews, development and/or succession planning. Work collaboratively with internal departments What you need to succeed at XPO: An ability to use Microsoft tools such as Excel, Word, and power point Knowledge of inventory processes and procedures Experience of managing a team and within a similar role Excellent communication skills. Both verbal and written Be part of something big. XPO is a leading provider of cutting-edge supply chain solutions to the most successful companies in the world. We help our customers manage their goods most efficiently using our technology and services. Our greatest strength is our global team – energetic, innovative people of all experience levels and talents who make XPO a great place to work. The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not intended to be construed as an exhaustive list of all , duties, and skills required of personnel so classified. All employees may be required to perform duties outside of their normal from time to time, as needed.

Example 3

MORE ABOUT THIS JOB: OUR Impact The Inventory Management Engineering team is focused on driving down the firm’s financing cost, in order to maximize our adjusted P&L, through the creation of a brand new software stack. Written in Java, our software platform leverages Kafka for event sequencing and operational research algorithms for optimization in order to manage billions of dollars’ worth of the firm’s cash and securities inventory. This role represents a true opportunity to make a large impact to our business by developing the next generation of efficient & scalable inventory management software, which aims to track the firm’s inventory in real time and automatically optimize the placement of these assets in order to maximize the firm’s efficiency. In addition, we are developing tools to provide better visibility and control over intra-day liquidity and funding capacity by working closely with our trading desk. Responsibilities AND Qualifications: WHY Inventory Management? As part of our team, you will participate in the creation of a brand new software platform with a very direct impact on our business. Members of our team: Create highly scalable systems; develop user-facing web applications and analytics. Design and development process working closely with traders and other user groups. Investigate available technologies, and build proof-of-concepts. Mentor junior developers on the team globally. Basic Qualifications Bachelor’s or Master’s degree in Computer Science or related field. Strong programming experience in Java, Python, C, C++ or equivalent language Knowledge of object-oriented design, data structures, algorithms. Preferred Qualifications Experience with messaging technologies like Apache Kafka and analytics engines such as Apache Spark. High performance & throughput server side programming. SQL and NoSQL Database experience, knowledge of temporal databases would be beneficial. Knowledge of mathematical optimization. ABOUT Goldman SACHS: ABOUT Goldman SACHS At Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 1869, we are a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices around the world. We believe who you are makes you better at what you do. We're committed to fostering and advancing diversity and inclusion in our own workplace and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally, from our training and development opportunities and firmwide networks to benefits, wellness and personal finance offerings and mindfulness programs. Learn more about our culture, benefits, and people at [website] We’re committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: [website] © The Goldman Sachs Group, Inc., 2021. All rights reserved. Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Identity

Example 4

Pharmacy Inventory Manager - Band 5 Band 5: £24,907 - £30,615 37.5 hours per week with requirement to work towards departments 7 day working plan. North Bristol NHS Trust Pharmacy Department have an exciting opportunity for an Inventory Manager with 3/5 years proven inventory management skills in either Public or Private sector Are you able to: -(please review Job Description/Person specification for full list of requirements and qualifications for this post)
  • Manage and lead operational changes
  • Process map ways of working more efficiently to produce savings in relation to inventory control.
  • Undertake regular process mapping and work flow analysis to support the value chain
  • Regularly monitor all relevant inventory KPI data, and present trending data to multidiscipline team If so this could be the ideal position for you. The Department operates a full 7 day service 08:00 – 19:00; therefore the successful candidate would be required to work flexible/rotational hours for operational needs of service. For further details please contact: Steph Somers - Specialist Pharmacy Technician: Procurement (North Bristol Trust) 0117 41 42294
  • Example 5

    BE AN Essential PART OF Everyday LIFE Position: Inventory First Line Manager Location: Welham Green, AL10 8XF Customer: M&S Contract Type: Permanent (Full-Time) Shift pattern: Any 5 form 7, Rotational (0600-1400 / 1400-2200) Closing Date: 22/06/2021 Are you a motivated, organized individual seeking a challenging and rewarding opportunity in a fast-paced environment? Would you enjoy being part of a dedicated team that works together to create a relevant, memorable difference in the lives of our customers and employees? If you're looking for change, and you're ready to make changes … we're looking for you. At DHL our business is logistics, but people are our passion. With over 500,000 team members in 220 countries, we attract and retain great talent. We are one of the most innovative, most culturally diverse companies on the planet. We provide unmatched opportunities for personal and professional development. We really are a, “Best Place to Work.” If this sounds like a team you'd like to join … keep reading. We make promises to our customers, and we'll make promises to you too. The key in this role include; To coordinate and provide support and information on the running of a safe and efficient operation, working within clear guidelines to help achieve the operational standards and defined outcomes for your responsibility area during shift in individual approach. To support shop floor team to deliver their results following the standards Individual Management You won't find another job like the one you'll find with DHL Supply Chain. Now, here's what we need from you: Previous experience in a warehouse environment Previous experience in managing stock Good knowledge of Microsoft Excel (to an advance level) Experience with JDA advantageous What will you get in return? As a part of a growing DHL population you will receive access to a variety of our excellent benefits which could include; 25 days holiday, pension scheme, medical cover, retail discounts, flexible working, training, development and secondments opportunities and MANY MORE. What you'll need to do next? If you have a proven track record of achievement to match the requirements for this role and you are looking for your next career move, simply apply online ensuring that a full up to date CV is attached with your application. We will ensure that all our resourcing activities are fair, transparent and consistent across the UK. We want to ensure that the candidate experience is of the highest professional standard. The Company is committed to providing equality of opportunity for all employees. Furthermore we aim to ensure our workplaces are free from discrimination and that not only employees but also our potential future employees are treated fairly and with dignity and respect. We will ensure that equality of opportunity maintains a high profile in our organisation.

    What does an Inventory Manager do?

    Inventory Managers are responsible for ensuring that a company’s inventory levels are sufficient to meet the demands of customers at all times. They also guard against overstocking items, to prevent possible storage issues and free up a company’s cash for other operations. To maintain appropriate stock levels, Inventory Managers analyse data, such as sales figures and customer demand, to forecast inventory needs. An Inventory Manager also typically leads a team of Inventory Clerks or warehouse employees. 

     

    Inventory Manager skills and qualifications

    Inventory Managers interact with people throughout their working day, whether they are collaborating with theircoworkers colleagues in other departments, reporting to upper management or communicating with suppliers. Therefore they must have excellent interpersonal and communication skills. A successful Inventory Manager candidate will have various prerequisite skills and qualifications, these typically include: 

    • Strong leadership skills to effectively manage an inventory team
    • Working knowledge of inventory management software and other relevant programs
    • Excellent organisational and planning skills to ensure efficient inventory operations
    • The ability to multitask, as they often work on several tasks simultaneously
    • Strong analytical skills to accurately forecast inventory needs
    • A broad understanding of end-to-end supply chain and operations processes

     

    Inventory Manager experience requirements

    Inventory Managers often have a logistics or supply chain background. Depending on the position, candidates may need previous experience working as an Inventory Manager or a similar position. Some employers accept candidates who have some experience leading a team and managing stocks. Some companies also consider candidates who have experience in various inventory management systems. 

     

    Inventory Manager education and training requirements

    Although there are no fixed education and training requirements for this occupation, Inventory Managers often have a bachelor’s degree or higher national diploma in subjects like inventory management, supply chain management, operations or business administration. Candidates can also develop their skills and knowledge in the field by obtaining professional qualifications. The Chartered Institute of Logistics and Transport (CILT), for instance offers a range of relevant qualifications, such as a Level 2 Diploma in Warehousing and Storage or a Level 4 Certificate in Purchasing and Supply Operations.

     

    Inventory Manager salary expectations

    According to Indeed Salaries, the average salary of an Inventory Manager in the UK, is £33,864 per year. This figure varies depending on factors, including the employer, location of the job and the level of experience required of the applicant.

     

    Job description samples for similar positions

    If this job description doesn’t adequately describe the job opening you have, here are a few job description samples of similar positions to consider:

     

    Ready to Hire? Build a Job Description

    Inventory Manager job description FAQs

     

    What's the difference between an Inventory Manager and a Supply Chain Manager?

    Inventory Management is a subdivision of Supply Chain Management. Whereas an Inventory Manager controls a company’s inventory, a Supply Chain Manager oversees all stages of the movement of products along the supply chain. This may include the transformation of raw materials into finished goods and the movement of goods from distribution centres to stores and customers.

     

    What are the hours of an Inventory Manager?

    Inventory Managers typically have normal Monday to Friday, 40-hours a week. However, their work hours may be more irregular and include late nights and weekends in some work environments, such as the retail or hospitality industries.

     

    Who does an Inventory Manager report to?

    This depends on variables like the structure and size of a company as well as the industry. Those who work in large organisations may report to an Operations or Supply Chain Manager, whereas others who work in smaller environments may report to a Financial or General Manager.

    Job Description Examples

    No search results found