Description
Develops and implements plans to optimize inventory cost and customer
service goals at the plant, distribution center, and/or retail levels.
Responsible for forecasting needs, analyzing movement patterns,
product deployment,
performance reporting, and resolving accuracy discrepancies. Workswith
purchasing and logistics managers to establish optimal order
quantities, inventory targets, and turnover objectives.
Related Positions
Inventory Deployment Manager, Inventory Specialist, Materials Manager
Key Duties
·Managesinventoryqua lityand accuracyassurancepr ogram
·Defines requirements for and develops, implements, and/ or monitors
inventory management system
·Coordinates physical inventory process and cycle counts
·Monitors inventory flow through system-especially expedites and
advertised goods
· Develops stock location and order picking strategies to optimize
work flow,space utilization, and labor productivity in distribution
facilities
Required Skills
Extensive knowledge of inventory models, forecasting methods, and
inventory control procedures; database management skills;spreadsheet
analysis skills; understand DRPconcepts; problem solving capabilities;
understand logistics operations and inventory flows; understand
inventory/accountin g relationships; ability to prioritize needs.
Career Path
Individuals can prepare for inventory management positions as
inventory planners, expediters, distribution operations supervisors,
and other relevant positions. Successful managers advance to the
Director level or branch out to purchasing, supply chain management,
customer service, or logistics management opportunities.
Source:
Council of Logistics Management, "Careers in Logistics".
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