Inventory Manager Job Description: Top Duties and Requirements

An Inventory Manager, or Administrative Manager, is responsible for managing and overseeing the company’s corporate governance policies, security services, records management, and other administrative services. Their main duties include planning and enforcing administrative service procedures, directing and managing regulatory compliance procedures, and managing the company’s related budget.

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Inventory Manager duties and responsibilities

The Inventory Manager is a key figure in a large organizational structure. With such an important role in the hierarchy of the company, some of the duties and responsibilities expected of an Inventory Manager on a daily basis include: 

  • Evaluate, modify, or create administrative services
  • Hire, train, and manage staff across various departments
  • Develop procedures for records management
  • Plan and control budgets
  • Direct administrative services
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Inventory Manager Job Description Examples:

 

Example 1

_I’m ready. I want a challenge. I want the chance to work in a successful company who lives their corporate values. I want the opportunity to create and innovate; to build on those successes. As a Leader I want to inspire and influence, not just implement. I’m ready to make my mark._ *_ Are you ready?_* An exceptional company is founded upon exceptional people. Founded in [phone number], _All Weather Windows_ operates Customer Solution Centres across Western Canada with manufacturing plants headquartered in Edmonton, Alberta. We are currently recruiting for an *Inventory Manager* to join our *All Weather Windows leadership* team. If you embrace variety and change and are looking for a growth environment favouring the development of competencies, then come join us! Reporting directly to the Director of Manufacturing & Supply Chain, the Inventory Manager will be responsible for leading the inventory control and warehouse operations teams as well as ensuring the accuracy of our inventory levels and ERP information in our residential manufacturing facility and Customer Solution Centres. We are looking for a self-motivated team-player, who is interested in joining and contributing to a successfully growing organization. We offer a fun, yet fast paced work environment, and only those looking to create and innovate should apply. * Responsibilities will include: * * Manage and lead inventory management systems to meet organizational objectives * Plan/schedule/oversee/execute physical inventory counts and sub-inventories audits while continuously improving inventory control policies and practices * Develop and maintain the ERP system (Infor Syteline) regarding inventory * Collaborate with the purchasing team to ensure inventory levels are maintained * Mentor, coach, and support the inventory control and warehouse operations teams ensuring appropriate inventory control practices are implemented and sustained * Actively lead continuous improvement projects to address deficient inventory control processes * Manage daily activities of employees assigned to the inventory control and warehouse operations teams * Develop and implement standardized practices for materials handling, materials storage, and materials inventory * Primary Qualifications Required: * * 5 years’ experience in a leadership role in a Manufacturing Industry is preferred; however five to seven years of relevant supervisory/management experience is required * Advanced Microsoft Outlook, Word and Excel skills * Previous experience with Infor Syteline ERP system is beneficial * Experience using established problem-solving/process improvement methodology, i.e. Lean or Six Sigma Green/ Black belt certification preferred. * Demonstrated understanding of integrated supply chain and logistics concepts and theories * Knowledge of and implementation experience of electronic barcode/RFID inventory procedures * Previous experience with cycle count programs * College Diploma or Bachelor's Degree in Business, Finance, Engineering or Supply Chain Management. * If you are interested and possess the appropriate qualifications, please apply online** at * We thank all candidates for your interest. However, only candidates selected for an interview will be contacted.* Job Type: Full-time

What does an Inventory Manager do?

An Inventory Manager is responsible for corporate governance. In other words, they are responsible for developing and managing procedures to monitor financial and administrative activities within an organization. They are responsible for developing proper procedures for collecting data, providing records management, controlling budgets, and evaluating and improving administrative services within the corporation. They also ensure transparency, compliance, and accountability within the company.

Inventory Manager skills and qualifications

An Inventory Manager is responsible for the high-level management of the corporation’s administrative services. This entails overseeing various areas at once. Some skills and qualifications that are essential in a candidate for this type of position include:

  • Exceptional organizational and time-management skills
  • Strong analytical and interviewing skills
  • Outstanding digital technology and data management skills
  • Excellent leadership and team management skills
  • In-depth knowledge of finance and corporate governance

Inventory Manager experience requirements

As this is a management position, a successful candidate will have several years of experience in finance, business administration, or administrative services along with experience in a leadership position. Experience managing inventory is an asset for a potential candidate.

Inventory Manager education and training requirements

A successful candidate who is well-suited to the position will generally hold a bachelor’s degree in business administration or finance. In Quebec, candidates must also have a Chartered Administrator certification from the Ordre des administrateurs agrées du Québec. In some industries, candidates may also be required to hold certification from the Canadian Health Information Management Association (CHIMA). A candidate with a designation in Accounting, as a Chartered Accountant (CA), Chartered General Accountant (CGA), Certified Public Accountant (CPA), or Certified Management Accountant (CMA), is considered a strong asset to this position.

Inventory Manager salary expectations

According to Indeed Salaries, the average Inventory Manager pay in Canada is $22.92 per hour. This amount will vary based on geographical location, the type of industry, size of the organization, and level of experience.

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Inventory Manager job description FAQs

What is the difference between an Inventory Manager and an Inventory Controller?

An Inventory Manager is responsible for managing administrative services within an organization. They manage the budget and procedures for recording critical data. An Inventory Controller instead focuses on managing the inventory of stock once received. They are responsible for tracking the products in the warehouse, managing stock, and optimizing the layout of the warehouse.

What should you look for in an Inventory Manager resume?

Look for several years of experience in finance or business administration. Since Inventory Managers lead a team, look for past management or leadership experience, demonstrating they can manage various administrative teams within the corporation. A successful Inventory Manager candidate will have experience with the necessary software, dealing with suppliers, and placing orders regularly.

What qualities make for a good Inventory Manager?

Since Inventory Managers complete a wide variety of tasks, they should be comfortable in multi-tasking. A successful Inventory Manager candidate will be someone who is meticulous, passionate, and has a strong sense of prioritization skills. An analytical spirit, critical thinking skills, and leadership skills are also important characteristics to look out for. Other good qualities to look for include excellent communication skills, in-depth knowledge of finance, and a very good understanding of financial services offered by the company.

How to make your Inventory Manager job description stand out?

A great way to get a job description to stand out is to include relevant information job seekers want. Many job seekers will be looking for a competitive salary, so make sure to list it near to the top. Keep it short but provide adequate details, including the types of financial reporting necessary, the budgetary expectations, and the systems and policies applicants should be familiar with.

Adding in some day-to-day routines expected of the applicant would help applicants understand if they are capable of handling these tasks. A good job description will also stand out if it is written in a clear and concise manner. Consider using bullet points, breaking up long paragraphs, and including images or videos when applicable.

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