You will also analyse and interpret Raw Material and Finished Goods data in order to set stock levels, EBQ and lead times Manage a small team Identify and analyse slow-moving or redundant stocks Ensure that unique raw materials are made visible to the sales team Identify and analyse Stock Adjustment transactions and investigate root cause of adjustment Facilitate the weekly & monthly site cross functional meetings of WIP management and Inventory management for Raw material and Finished Goods Developing inventory strategies on existing items, new products, new customers and product phase-outs Support the day-today stock and raw material planning Working closely with manufacturing and warehouse teams. You will work closely with the purchasing and commercial teams challenging minimum order quantities and lead times to ensure the correct stock levels are held and replenished timely to prevent write off wastage and support the implementation and evolution of the S&OP process. Inventory managers generally receive typical benefits like health and life insurance, paid vacations, bonuses and a pension plan.This is an excellent opportunity for an Inventory Manager to join a leading food manufacturing client.
Strategic position with focus on project execution. 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. Join a global berry brand in newly created role leading the distribution and supply chain function. 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. Job description Drive store results by helping to ensure departments achieve shrink and unit variance goals Assist the inventory manager in ensuring inventory. 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. But their goal isn’t to make you feel like you’re the star in Rockwell’s Somebody’s Watching Me video. Operations managers monitor every process and procedure, which might sound a little overbearing. The inventory manager keeps track of the inventory. A core part of the operations manager job description is to keep an eye on essentially everything. 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. Key Responsibilities Devise ways to optimize inventory control procedures Inspect the levels of business supplies and raw material to identify shortages. 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 CONTROL MANAGER ESSENTIAL DUTIES AND RESPONSIBILITIES Develop business relationships with suppliers/vendors and customers. Inventory managers also take care of inventory costs and stock usage rates.