INVENTORY MANAGER JOB DESCRIPTIONS SOFTWARE

Now you know more about the role of an inventory control manager and their responsibilities. It can prepare you for becoming an inventory control manager and give you valuable experience in inventory management.

You may not be ready to make the leap to become an inventory control manager or maybe there's only an assistant manager position open. They manage inventory, conduct inventory counts, and help with audits. Their job functions are essentially the same, but at a lower level. They also need to make decisions to lower shipping costs and increase profit.Īn assistant inventory manager is a junior leader who reports to the inventory control manager. They need to ensure it gets to the final destination on time and intact. An inventory control manager's job doesn't end when the product leaves the warehouse. As such, inventory managers must ensure their employees are properly trained and working as a team. A manager is a manager, regardless of their other functions. Done correctly, they can optimize the amount of product kept on hand and keep costs low. Using the data gathered from inventory counting and sales, a manager needs to predict future trends.

INVENTORY MANAGER JOB DESCRIPTIONS SOFTWARE

This can be done through inventory management or ERP software (see benefits of ERP). Inventory control managers must perform audits regularly to uncover any problems. Inventory numbers need to be accurate, or they can damage a business' bottom line. This is true whether it's physical inventory counting, inventory cycle count, or data from perpetual inventory management software or an order management system. Inventory managers are responsible for ensuring inventory counts are done correctly. This is because the majority of their responsibilities are regarding inventory. Inventory control managers may also be called inventory supervisors. This also includes paying attention to detail when using the inventory turnover formula and inventory days formula. A manager with an eye for detail can avoid most mistakes and save the company money. An efficient warehouse typically has each product organized by the SKU number and product characteristics. It's highly important for an inventory control manager to maintain order and optimize processes. A disorganized warehouse is more of a liability than an asset. A good inventory control manager makes informed, data-driven decisions to help the business grow. It is used to calculate reorder point (use our reorder point formula), lead time ( what is lead time?), economic order quantity, and more. Inventory control managers need to be able to quickly and efficiently find solutions. There are many issues that may arise like inventory shrinkage, dead stock (see dead stock meaning), or missing product. They need to be able to lead by example, resolve conflict, and take decisive action. Inventory control managers are in charge of a number of employees who work with inventory. This post was originally published in 2017 and was updated July 9, 2018.5 Important Inventory Control Manager Skillsĭue to the varied nature of this role, inventory control managers must have a wide variety of skills. Visit the Job Reviews page for the latest loss prevention jobs. Knowledge of retail or distribution center operations, strong analytical and math skills, and an understanding of administrative/clerical software and inventory management software are especially helpful. Working in inventory control requires a high school diploma at minimum.

Establish trusted relationships with suppliers to ensure quality service and cost-effective deals.

Train other employees in asset inventory management.

Perform process and system testing and track performance by area to locate and solve problems in data integrity, productivity, and efficiency.

Check date-sensitive products for expiration and facilitate removal or transfer of product as needed.

Coordinate with customer service and logistics departments.

File claims when defective products are discovered.Place and receive orders in a timely and accurate manner.Monitor delivery schedule and customer orders.Lead others in safe work practices, especially when in a distribution center environment.Manage cycle counts of product inventories on a regular basis.Assess inventory output on a daily, weekly, or monthly basis to identify trends in productivity.Investigate and correct discrepancies in reported quantities and locations of all inventory.Maintain adequate inventory levels to meet customer demand.Perform counts and ensure all inventory is accounted for and reported according to company policy.If you work in inventory control, however, your job description likely includes some combination of the following responsibilities:

Inventory manager job descriptions