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Become An Inventory Manager

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Working As An Inventory Manager

  • Getting Information
  • Making Decisions and Solving Problems
  • Interacting With Computers
  • Communicating with Supervisors, Peers, or Subordinates
  • Developing and Building Teams
  • Deal with People

  • Mostly Sitting

  • Make Decisions

  • $83,770

    Average Salary

What Does An Inventory Manager Do At IMI Precision Engineering

* Maintains effective inventory control/system parameters to meet the financial needs of the company, drive inventory recommendations, and established service level agreements
* Identifies causes of inventory issues and works with Operations to develop and implement process improvements
* Devise ways to optimize the inventory control process/procedures
* Prepares and maintains inventory records; cycle counts, safety stock adjustments, and escalates any issues to management
* Analysis of internal trends to identify areas for improvement using inventory principles such as Inventory Quality Ratio or other APICS methods
* Analysis of data to anticipate future needs
* Supports the compiling of reports to senior management
* Daily/weekly inventory reconciliations
* Attends daily production meetings to ensure accuracy is met to support customer demand
* Collaborates with Supply Chain and Production Managers to ensure business goals are met
* Monitors inventory levels and daily movement using ERP and any manual inventory management systems for all work in progress (WIP)
* Controls, monitors and evaluates the material kitting process for internal work orders, ensuring shortages or line-stop issues are immediately addressed and resolved through operations
* Directs the daily activities of material handlers and shipping & receiving personnel
* Responsible for developing and mentoring team members ensuring adequate training and support is provided; cross training of supervised functions to ensure business continuity
* Implements/adjusts cycle counting, pull strategies and other material handling systems to ensure inventory accuracy and accountability
* Maintains communications with internal customers/departments to coordinate inventory management activities
* Develops and communicates key performance indicators to measure the effectiveness of inventory management operations
* Develops and communicates inventory management policies, practices and procedures
* Directs and manages compliance with corporate governance as it relates to inventory management.
* Maintains current knowledge of the latest inventory management and material handling tools, technology and procedures
* Performs responsibilities in-line with company goals and objectives, embracing continuous improvement, 5S, and other lean concepts to drive and improve the efficiency and effectiveness of the distribution function.
* Other related duties as assigned

What Does An Inventory Manager Do At Accenture

* Identifies, assesses and solves complex business problems for area of responsibility, where analysis of situations or data requires an in-depth evaluation of variable factors.
* Closely follows the strategic direction set by senior management when establishing near term goals.
* Interacts with senior management at a client and/or within Accenture on matters where they may need to gain acceptance on an alternate approach.
* Has some latitude in decision-making.
* Acts independently to determine methods and procedures on new assignments.
* Decisions have a major day to day impact on area of responsibility.
* Manages large - medium sized teams and/or work efforts (if in an individual contributor role) at a client or within Accenture

What Does An Inventory Manager Do At Covanta

* Become expert ALM user
* Provide clearinghouse guidance for continued ALM development and enhancements working with IT
* Manage ALM inventory module requirements per CVA standards and implement inventory optimization steps
* Oversee/ approve inventory identification codes, setting and changing min/max levels and seek to decrease overall inventory by multiple user consolidation
* Support/ initiate ALM development and best use
* Provide training and assistance to other users on proper and best use of ALM
* Participate in the development, posting and utilization of best practices, lessons learned and work efficiency improvement companywide
* Work related projects as assigned

What Does An Inventory Manager Do At Spartan Race

* Coordinate all travel routes for trailers.
* Track what inventory we have in each trailer.
* Plan travel schedule of trailers and their inventory.
* Work with production and procurement to determine inventory needs for the trailers.
* Ensure on time delivery of all inventory to races.
* Handle logistical issues quickly and efficiently.
* Propose cost saving methods.
* This description reflects management s assignment of essential functions, it does not restrict other tasks that may be assigned

What Does An Inventory Manager Do At Home Depot

* ACCOUNTABILITIES** -
* Leads a group of analyst/sr. analyst as well as cross functional projects.
* Oversee development of project plans, timelines,and coordination of teams across each operational area.
* Ensure on time delivery of specific goals and requirements for inventory mangement projects
* Identifies key projects that are linked to the IPR goals and objectives
* Provide ad-hoc business analysis and reporting as required through supervision of analyst/sr. analyst.
* Develop Metrics and reporting to support business needs
* Analyze, identify and implement opportuntites and corporate inititiaves for improvement that have measurable dollar impact each year
* Provides leadership, guidance and coaching of analyst/sr. analyst
* NATURE AND SCOPE** - Sr.
* Manager/Director
* Inventory Solutions Accountable for direct supervision of the work activities of others.
* In addition to personnel issues -- including selection, termination, performance appraisal and professional development of subordinates

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Inventory Manager Demographics

Gender

Male

67.3%

Female

30.9%

Unknown

1.7%
Ethnicity

White

62.0%

Hispanic or Latino

15.4%

Black or African American

11.5%

Asian

7.5%

Unknown

3.7%
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Foreign Languages Spoken

Spanish

56.3%

French

7.2%

German

4.6%

Portuguese

4.1%

Korean

3.8%

Russian

2.6%

Italian

2.6%

Chinese

2.6%

Arabic

2.6%

Mandarin

2.3%

Japanese

2.3%

Carrier

1.8%

Armenian

1.3%

Hindi

1.0%

Cantonese

1.0%

Hebrew

1.0%

Urdu

1.0%

Vietnamese

0.8%

Polish

0.8%

Turkish

0.5%
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Inventory Manager Education

Schools

University of Phoenix

22.5%

Strayer University

6.0%

Liberty University

5.8%

Pennsylvania State University

5.4%

Kaplan University

4.9%

University of Houston

4.4%

Southern New Hampshire University

4.4%

Michigan State University

4.4%

Ashford University

4.2%

Arizona State University

4.2%

University of Georgia

3.7%

University of Memphis

3.7%

Utah State University

3.5%

Central Michigan University

3.5%

Auburn University

3.3%

West Virginia University

3.3%

Northeastern University

3.3%

University of Iowa

3.2%

University of North Texas

3.2%

University of Maryland - University College

3.2%
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Majors

Business

39.8%

Accounting

7.5%

Management

5.8%

Marketing

4.6%

Finance

4.6%

Supply Chain Management

4.0%

Psychology

4.0%

Criminal Justice

3.6%

General Studies

2.9%

Communication

2.7%

Computer Science

2.5%

English

2.4%

Computer Information Systems

2.2%

Liberal Arts

2.1%

Education

2.0%

Political Science

1.9%

Graphic Design

1.9%

Economics

1.8%

History

1.8%

General Education, Specific Areas

1.7%
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Degrees

Bachelors

42.4%

Other

27.0%

Masters

12.5%

Associate

11.8%

Certificate

4.0%

Diploma

1.2%

Doctorate

0.7%

License

0.4%
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Real Inventory Manager Salaries

Job Title Company Location Start Date Salary
Inventory Manager Kuperman Bros Diamonds USA Inc. New York, NY Aug 26, 2016 $166,000 -
$180,000
Senior Inventory Manager Baker & McKenzie LLP Chicago, IL Aug 15, 2016 $165,000
Senior Flights Inventory Manager Tripadvisor LLC Newton, MA Aug 20, 2014 $136,000
Sourcing and Inventory Manager General Supply & Services, Inc.-Gexpro Duluth, GA Sep 04, 2012 $134,600
Sourcing and Inventory Manager General Supply & Services, Inc.-Gexpro Duluth, GA Aug 31, 2012 $134,600
Sourcing and Inventory Manager General Supply & Services, Inc.-Gexpro Duluth, GA Jan 07, 2013 $134,600
Manager, Inventory Development Dealer Dot Com, Inc. Burlington, VT Mar 28, 2014 $113,500
Manager Fixed Assets/Inventory Accounting Core-Mark International South San Francisco, CA Aug 13, 2016 $103,106 -
$145,000
Manager of Inventory Property Accounting Core-Mark International South San Francisco, CA Aug 12, 2013 $102,000 -
$117,000
Manager-Fixed Assets/Inventory Accounting Core-Mark International South San Francisco, CA Mar 30, 2016 $101,421
Inventory Manager Service Engineer Abbott Laboratories Parkersburg, IL Aug 24, 2015 $99,000
Forecasting and Inventory Management Manager The Great Atlantic & Pacific Tea Company, Inc. Montvale, NJ Jan 27, 2014 $95,000
Manager Inventory Baker Hughes Incorporated Houston, TX Mar 10, 2015 $94,022
Inventory Manager II Amazon Corporate LLC Seattle, WA Nov 15, 2010 $93,000
Inventory Manager Sears Holdings Management Corporation Hoffman Estates, IL May 15, 2010 $91,000
Sourcing and Inventory Manager General Supply & Services, Inc.-Gexpro Irving, TX Oct 15, 2011 $90,000 -
$120,000
Manager, Inventory Analytics Medical Depot, Inc. Port Washington, NY Jul 28, 2016 $89,003 -
$100,000
Manager, Inventory Analytics Medical Depot, Inc. Port Washington, NY Aug 15, 2016 $89,003 -
$100,000
Manager, Inventory Analytics Medical Depot, Inc. Port Washington, NY Apr 08, 2016 $89,003 -
$100,000
Manager Inventory Baker Hughes Incorporated Houston, TX Apr 17, 2013 $87,000
Manager Inventory Baker Hughes Incorporated Houston, TX May 30, 2014 $85,422
Inventory Manager Baker Hughes Incorporated Houston, TX Jan 10, 2015 $85,422
Manager of Inventory Deployment and Alignment Ferguson Enterprises, Inc. Newport News, VA Apr 27, 2011 $78,936
Forest Inventory Manager Weyerhaeuser Company Vanceboro, NC Jun 15, 2015 $78,289 -
$88,289
Inventory Manager Opera Mediaworks, Inc. New York, NY Aug 24, 2015 $75,000 -
$92,000
Inventory Manager Rand Diversified Companies LLC Edison, NJ Oct 01, 2011 $75,000
Global Cost & Inventory Manager Graftech International Holdings Inc. Emporium, PA Nov 07, 2012 $71,510

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Top Skills for An Inventory Manager

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  1. Inventory Levels
  2. Customer Service
  3. Procedures
You can check out examples of real life uses of top skills on resumes here:
  • Supported and serviced all SE Florida and Carolina hospitals; verified adequate inventory levels and resolved issues.
  • Planned inventory control levels that satisfied customer service levels for product availability and minimized production, transportation and warehousing costs.
  • Reviewed the effectiveness on in-place procedures and continually searched for improved methods for evolving continuity of quality and improving productivity.
  • Provided up-to-date product availability/delivery status to customer service department and production/operations management team.
  • Inventory control and loss prevention, including regional reconciliation reports totaling millions of dollars in automobiles.

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Top 10 Best States for Inventory Managers

  1. New Jersey
  2. California
  3. District of Columbia
  4. Virginia
  5. Texas
  6. North Carolina
  7. Delaware
  8. Rhode Island
  9. Colorado
  10. Alabama
  • (279 jobs)
  • (1,156 jobs)
  • (58 jobs)
  • (269 jobs)
  • (724 jobs)
  • (286 jobs)
  • (23 jobs)
  • (30 jobs)
  • (147 jobs)
  • (118 jobs)

Top Inventory Manager Employers

Jobs From Top Inventory Manager Employers

Inventory Manager Videos

A Day in the Life of an E-Commerce Manager

Modernizing Inventory Management

What Is Inventory Management? - Whiteboard Wednesday

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