Key Responsibilities:
Inventory Control: Monitor stock levels, conduct physical counts, manage discrepancies, and maintain inventory accuracy.
Forecasting & Procurement: Analyze sales data to forecast demand, determine reorder points, and place purchase orders with suppliers.
Supplier Management: Evaluate suppliers, negotiate pricing, and manage relationships for timely deliveries.
System Management: Develop and implement inventory tracking systems (WMS, ERP).
Team Leadership: Supervise warehouse staff, coordinate schedules, and ensure adherence to protocols.
Reporting: Prepare detailed reports on inventory transactions, shrinkage, and key performance indicators (KPIs) for management.
Coordination: Collaborate with sales, logistics, and production to streamline processes.
Essential Skills & Qualifications:
Skills:
Analytical thinking, problem-solving, multitasking, strong communication, leadership, and organizational skills.
Technical Skills:
Proficiency with inventory management software, math skills, computer proficiency, potential forklift certification.
Education/Experience:
Bachelor's degree (often in related fields), relevant experience in inventory or warehouse management.
Goals:
Maintain ideal stock levels (avoiding stockouts & overstock).
Reduce operational, storage, and carrying costs.
Improve order accuracy and customer satisfaction.
Minimize inventory shrinkage (loss from damage, theft, or errors).
Inventory Manager Duties and Responsibilities Explained — The primary architect of a company's stock ecosystem is the inventory manager, who choreographs the procurement,