The main responsibility of an inventory manager is to organize stock items and parts. The job of an inventory manager is challenging and highly interesting; if you have record keeping skills you will no doubt succeed in the field of Inventory manager. Before we go through the educational requirements and salaries for Inventory manager let is first discuss the basic job description of an inventory manager.
What is an Inventory manager?
Inventory managers are found in a variety of establishments such as:
- Food stores
- Retail stores
- Restaurants
- Hotels and many more
At all these areas the inventory manager has the basic responsibility of keeping and protecting inventory damage, theft and loss. Mismanagement by inventory manager can cause costs and financial loss for companies.
Duties of an Inventory Manager
Inventory managers have duties such as:
- Ensure inventory of stock
- Placing orders with the suppliers
- For inventory managers who work for food stores have to monitor the conditions and standards of food stock
- Responsible to ensure there is enough stock available for the costumers
Now, having understood the basic facts about inventory manager, let us take a closer look at the educational requirements and skills needed to be a successful inventory manager.
Work Condition of an Inventory Manager
There are a large number of different types of inventory managers. Most inventory managers have normal working hours, office hours usually are provided for the inventory managers, there will be times when overtime is needed to finish inventories.
Inventory managers work in offices and usually have to deal with phone calls and keeping record on the computer. Lots of companies use inventory software to keep track of their stock and finance. Depending on the type of designation, tasks and duties of inventory manager vary significantly.
Educational Requirements of an Inventory Manager
- High school graduate
- Bachelors or master’s degree in accounting
- Degree in business management
- Bachelor’s degree in courses such as economics and business administration are very helpful educational backgrounds to be hired as inventory
Some companies recruit undergraduates where they provide the training and courses needed to become inventory managers.
Other useful skills:
- Communication and interpersonal skills
- Negotiation skills
- Organizational skills
- Ability to tackle emergencies
- Wok experience is appreciated
- Computer knowledge
- Critical thinking
- Active listening, speaking and reading comprehensive
- People management
- Material resources management, judgment and decision making
- Coaching and social awareness
Occupation and Progress of an Inventory Manager
Inventory managers plan, organize, direct and manage as well as evaluate department’s responsibility for inventory and implement inventory management policies. Inventory managers can develop into advanced to senior management positions through progressive responsible and progressive management experience.
The abilities and skills given above are very important to the role of inventory manager; oral expression and comprehension, speech clarity and recognition and inductive as well as deductive reasoning and problem resolution are also very important character that can bring an inventory manager to the next progressive level of his or her career.