3/20/2023 0 Comments Inventory manager job dutiesIn addition, the Inventory Supervisor conducts store audits and compliance reviews as needed or requested. He/she also trains store/district associates on store operations, inventory prep and count procedures. Inventory managers generally receive typical benefits like health and life insurance, paid vacations, bonuses and a pension plan.The Regional Inventory Supervisor oversees the execution and quality of the physical inventory process for the company, including responsibility for ensuring proper cutoffs and quality of inventory counts to obtain an accurate inventory. Inventory managers having two to three years of experience can earn from $45,000 to $52,000 annually, and with the experience of more than ten years one can earn from $65,000 to $100,000 annually. As per surveys, the average salary of an inventory manager is about $50,000 annually. Inventory managers who work for the large organizations in big cities earn much more money than those who work for small establishments in the small cities. The salary of an inventory manager primarily depends on factors like educational qualifications, years of practical experience, type of organization and location. Almost all inventory managers have normal office working hours but they have to work for extra hours mainly during special sales and holiday shopping seasons. Inventory managers work in offices and they usually have their offices located in or near the stockroom. Bureau of Labor Statistics ( BLS) there could be fewer positions available in future due to decline in manufacturing employment. With the required skills and progressive management experience an Inventory Manager can advance to senior management positions. He plans, organizes, directs and manages the entire inventory in a logical and user friendly way. The inventory manager keeps track of the inventory. Job Prospects, Employment Outlook and Career Development Effective skills in communication, negotiation, managing large amounts of data, decision making, good management, and skills to tackle emergencies are some of the qualities which can help you shine as an inventory manager. Inventory managers can get the job in a variety of establishments such as manufacturing units, retail outlets, restaurants, grocery stores, hotels and food stores. Nowadays as computers have greatly simplified many retail functions, inventory managers learn word processing, spreadsheets, database management and retail ordering applications. Candidates can also engage in diploma or part-time courses and get the required exposure for inventory management. Some businesses even employ undergraduates for this position. Above all experience in Inventory Control is highly appreciated. A certificate in Inventory and Production Management ( CIPM) is a big plus. Education and Training RequirementsĪ bachelor’s or master’s degree in accounting, book keeping, inventory management, or any relevant field from a reputed institute can help you get the best jobs as inventory manager in the market. It is also the the job of an inventory manager to check the standards and the situation of the storehouse where stock is kept. It is also the duty of the inventory manager to protect the inventory from loss, theft and also from damage if there is too much perishable stock purchased as inventory, which may get wasted resulting in financial losses. Inventory managers also take care of inventory costs and stock usage rates.
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