Inventory Manager job description
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What does a Inventory Manager do?
The Inventory Manager is responsible for overseeing the inventory systems and processes to ensure optimal stock levels and efficient supply chain operations. This role is vital in maintaining cost-effectiveness and ensuring product availability, thereby contributing to customer satisfaction and business continuity.
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What are the Key Responsibilities of Inventory Manager
- Maintain accurate inventory records and track stock levels.
- Develop strategies to optimize inventory control procedures.
- Oversee warehouse operations and storage systems.
- Coordinate with suppliers to ensure timely delivery of products.
- Analyze sales data to forecast inventory needs.
- Implement inventory management software solutions.
- Monitor stock levels and identify potential issues.
- Manage a team of inventory control specialists.
What are the Skills and Requirements for a Inventory Manager?
- Strong analytical and problem-solving skills.
- Proficiency in inventory management software (e.g., SAP, Oracle).
- Excellent organizational and time management abilities.
- Effective communication and negotiation skills.
- Attention to detail and accuracy.
What are the KPIs to track for Inventory Manager?
An Inventory Manager's performance is evaluated through improved accuracy of inventory records, reduced inventory carrying costs, effective management of stock levels, and minimization of product shortages or overstocks.
Inventory Accuracy
Ensure data accuracy and reduction of inventory discrepancies.
Cost Management
Reduce overall inventory carrying costs.
Stock Availability
Maintain optimal stock levels to prevent shortages and overstocks.
Reports to
Supply Chain Director
Collaborates with
Procurement and Sales Teams
Leads
Inventory Control Specialists, Warehouse Staff
Are any specific tools or software required for the Inventory Manager role?
- SAP
- Oracle NetSuite
- Microsoft Excel
- Barcode Scanners
What is the qualification of Inventory Manager?
Bachelor's degree in Supply Chain Management, Business Administration, or related field; 5+ years experience in inventory management.
