Inventory managers are in charge of leading their teams through the supply chain process, responding to supply and demand from businesses and customers alike, and handling everything regarding the import, documentation, and reporting of products. Designing inventory tracking systems and supervising the movement of these is also a part of their duties, along with reporting the status of these processes at their various stages. Companies request supplies, and these are recorded and provided under the watch of inventory managers for the smooth running of businesses.
The following information will help you devise ways to frame your resume according to the skills and qualifications expected of an inventory manager. Let’s start by having a look at the three formats for structuring the resume:
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Job Duties of inventory managers
The role of an inventory manager is done in collaboration with other departments and undertakes the job of supervising the activities regarding supplies stationed at warehouses. It takes analytical skills to foresee the necessary restocking of inventory and logical planning to carry out tasks safely and efficiently.
Beneath are the key responsibilities of an inventory manager:
Monitoring inventory to track stocks accurately and record deliveries and shipments.
Ordering additional inventory when stocks are low to anticipate shortages.
Maintaining relationships with suppliers and addressing their concerns with supply and delivery.
Preparing inventories for supplies to customers.
Overseeing the inventory team or the team of warehouse employees.
Hiring and training warehouse staff and inventory clerks, creating rosters and delegating their tasks.
Managing schedules of employees and delivery of shipments.
Inventory Manager Median Salaries
According to PayScale, an American compensation software and data company, the average salary of inventory managers is $55,499 per year. Salary may vary depending on experience.
Top Skills for Inventory Managers
After understanding the responsibilities of inventory managers, the following information lists essential skills needed to properly play the role.
Here are the skills required:
- Adept at computer programs: You should know programs such as MS Office and Outlook, as MS Word and MS Excel assist in keeping records of stock and inventories, while Outlook (or Gmail) help you stay in touch with customers and distributors. Specially designed software will also come into play, so having an open disposition to learn more about computers is an excellent indication that this is the job for you.
- Proficient in IMS: Maintaining accurate inventory records manually is a tedious task, if not impossible; that is why becoming adept at Inventory Management Systems (IMS) is an excellent solution. IMS can store information about raw materials, prepared goods, and goods ready for shipping. With IMS, you will also save time and increase your work rate, not to mention that it shows you are up-to-date with advancing technology.
- Production and inventory management: A good part of running an inventory is planning, and knowing how to handle variations and keep these under control can decide the productivity of a warehouse; thus, focusing on the development of these skills while keeping an eye out for areas in need of improvement is within the duties of an inventory manager.
- SOP Instigator: Understanding SOP, or Standard Operating Procedures, will not only help you manage team operations well but guide you on how team members should complete tasks efficiently and promptly, be it through step-by-step instructions or a drawn flowchart.
- Excellent math and reasoning skills: Inventory managers are responsible for any mishaps with inventory; thus, scrutinizing product stocks to prevent over-ordering and under-ordering can make or break a company’s budget. This is why creating electronic spreadsheets and recording accurate numbers and calculations is so important. Recognizing and correcting minor errors with supply chains can save your company money.
- Coherent leader: As an inventory manager, you are looked to by warehouse and inventory staff for your leadership. You should motivate the team, sustain high morale, settle disputes, and resolve problems while doing your best to achieve deadlines.
Educational Requirements for Inventory Managers
DegreeInventory managers should have at least an associate or bachelor’s degree in Business Administration or Inventory Operation Management. Students attain the necessary technical skills to understand the modern business world. Many universities offer Business Administration for graduates and undergraduates, such as the University of California at Berkeley (HAAS), Emory Goizueta Business School, Bentley University and Endicott College.
Learning the ins and outs of inventory-related work such as scheduling, delivery handling, budget management, streamlining workflow, storage procedures, supply chain processes, and business processes sets you on the right path to becoming the best inventory manager you can be.
In addition to the certifications mentioned earlier, job experiences that closely prepare you for the role of inventory manager are warehouse management, parts consultant, and positions in a service department or retail store.
CertificateEvery management-related certification completed and listed in your resume bumps up your chances of being selected by your employers, according to so here we provide you with a few options on where to get certified:
- Universities and colleges: Many colleges and schools offer certification for Supply Chain Management. For example, Harper College and Rutgers Business School offer 12-credit-hour certificate programs designed to focus on planning, MRP and ERP processes, inventory management, and materials management. Rutgers Business School offers full undergraduate, master’s, and Ph.D. programs and a short three-day virtual program. Among the information you will study for the latter includes supply chain management, sourcing and procurement, and “organizational alignment.”
- Industry-specific certification: Obtaining additional certifications communicates to your employer that you have an interest in mastering more areas in your field, thus becoming certified in CPSM, CPIM, CSSBB or CSCP can increase your chances of winning the position of inventory manager.
Industry-specific Certifications can be obtained from several institutions, such as the Georgia Tech Professional Education, the Institute of Supply Chain Management, and the Massachusetts Institute of Technology through its MITx MicroMasters Credential in Supply Chain Management.
- Member associations: According to PayScale, the top company choices to be certified in Planning and Inventory Management (CPIM) are The Boeing Company, General Electric Co., UTC Aerospace Systems, Cummins Inc., and Johnson & Johnson, due to some of their employees earning up to $155k a year. Other popular, job-landing certifications are Certified Supply Chain Professional (CSCP) offered by The Association for Supply Chain Management (ASCM), and Certified Professional in Supply Management (CPSM) from the Institute for Supply Management (ISM).
- Nonprofit organizations: International Society of Logistics (SOLE) gives you the option of enrolling in the Demonstrated Logistician (DL) Program, the Certified Professional Logistician (CPL) Program, and the Certified Master Logistician (CML) Program. Other nonprofit organizations that offer SCM are Old Dominion University (ODU) in Norfolk, VA, The University of Maryland Global Campus (UMGC), and The University of Nebraska Omaha.
Inventory Manager Resume-Writing Tips
Keeping your recruiters or potential employers engaged can be tricky, but it doesn’t have to be, nor will it be if your credentials and experiences are presented in the right light. Tailoring your life experiences can be exciting and tedious, so take a look at our tips on what to focus on and how to present the inventory manager within you through your resume.
- Be precise: According to most recruiter surveys, only five to seven seconds are spent reviewing a curriculum vitae. Therefore, it is necessary to present experiences, qualifications, and skills that are most relevant to the job position you are applying for. Being precise and transparent with your content could earn you a second look from your reader; the key is to avoid long sentences or paragraphs and favor using bullet points to highlight the information instead.
- Work experience: While writing work experience, clearly mention the company name, date of starting and ending, and your role. Use bullet points to add descriptions of your achievements and responsibilities while performing your function; a handy tip is procuring action words like organized, prevented, and eliminated.
- Summary statements: The summary statement lives at the top of your resume, consisting of only two to three sentences. Here you should state how you would bring value to the employer and what your professional focus is.
- Attention to education: When you mention your education in your resume, always mention the college or school name and mention the course relevant to the job you are applying for. Adopt a chronological pattern to write education, as it reflects how systematic you are; avoid listing your degrees randomly.
What makes a good inventory manager?
Having a strong sense of responsibility to notify and keep track of all the needs companies and customers have regarding products and shipments are decisive factors that impact an inventory manager’s profile. Good inventory managers must also be fast and analytical leaders, solving logistics and forecasting inventory needs and promptly instructing their workers safely and accordingly.
What are the career prospects?
inventory managers are part of the Supply Chain profession, and while the industry is multiplying, employers are confirming the shortage of employees. The main reason for this is the rapid growth and fewer human resources. So, if you are experienced and qualified, then you may reach great heights in your career. You can expect a stable job with many opportunities waiting for you. And it is not that difficult to get promoted within the industry if you are dedicated and hardworking.