Inventory managers monitor available supplies, materials, and products in order to ensure that customers and employees have access to the materials they need. Inventory managers may work for large corporations that sell products to the general public or for smaller businesses that store required goods for service technicians. For example, an inventory manager may monitor the aisles in a grocery store to make sure that shelves are stocked for customers. Another inventory manager may maintain a set number of automotive parts for a group of repair shops.
Pre-Delivery Inspection - Verify and keep records on outgoing shipments. Compare information, counts, and weights to verify information against bills of lading, invoices, orders, or other records. Examine contents and compare with records, such as manifests, invoices, or orders, to verify accuracy of outgoing shipment.
Shipment Preparation - Following pre-delivery inspection, the finished goods shall be prepared for shipment. Determine shipping method for materials, using knowledge of shipping procedures, routes, and rates. Coordinate and oversee affixing shipping labels on packed cartons or stencils identifying shipping information on cartons, using stenciling equipment.
Packaging – Coordinate and oversee the assembling of wooden or cardboard containers. Responsible for the appropriate selection of containers to be used. Inserting items into containers, using spacers, fillers, and protective padding to ensure that product can be safely shipped without enduring damage during shipment.
Shipping Supplies Management - Maintain the inventory of shipping materials and supplies.
Requisition and store shipping materials and supplies to maintain inventory of stock.
Material Handling - May operate tier-lift truck or use hand truck to move, convey, or hoist shipments from shipping-and-receiving platform to storage or work area.
Document Preparation - Prepare documents, such as work orders, bills of lading, and shipping orders to route materials. Record shipment data, such as weight, charges, space availability, and damages and discrepancies, for reporting, accounting, and recordkeeping purposes.
Work Order Closure – Responsible for reviewing each applicable work order to ensure that they have been fully closed. Product shipment should not occur unless the applicable work orders have been closed. When work orders are identified unclosed, the Logistics Supervisor is responsible for coordinating the corrective action with the Production Planner.
Shipping Carrier Coordination - Contact carrier representative to make arrangements and to issue instructions for shipping and delivery of materials.
Skills required
Must have excellent organizational skills and able to work under deadline pressure
Must understand general shipping policies and regulations regarding freight and be familiar with rates and routes so that they can determine shipping methods.
Must have excellent organizational skills and be able to work under deadline pressure.
Must understand general shipping policies and regulations regarding freight and be familiar with rates and routes so that they can determine shipping methods.
Good problem solving skills, ability to read /comprehend sales, manufacturing orders and Bill of Materials.
Knowledge of raw materials, production processes, quality control, costs, and other techniques for maximizing the effective manufacture and handling of raw materials and finished goods.
Knowledge of administrative and clerical procedures and systems such as MS Suites word processing, managing files and records, designing forms, and other office procedures and terminology.
Excellent interpersonal communication skills and an ability to work in challenging environments with a myriad of personalities.
Experienced in the supervision of inventory, shipping & receiving Fork truck operation certified.
EMPLOYMENT OPPORTUNITIES
There is plenty of good news regarding employment in the fascinating and diverse field of Inventory Management.
Logistics alone accounts for more than 9.5% of U.S. Gross Domestic Product, Over$1.3 trillionis spent on transportation, inventory, and related logistics activities.
Add in the vast sums of money spent on Inventory management and manufacturing and you’re looking at a field with tremendous impact on the success of organizations, domestically and globally.
With Inventory Management spending growing faster than the overall economy and company executives recognizing the importance of SCM, an attractive job market exists.
You will find Inventory Management career opportunities in a variety of organizations.
Potential employersrange from traditional manufacturers and retailers to Inventory specialists like consulting firms and transportation service providers.
Another Inventory employment option is the $110 billion third party logistics (3PL) industry “Working for a 3PL gives me extensive growth opportunities and broad exposure to various companies and facilities,”
Finally, Inventory positions are never boring and allow you to perform an extensive range of duties.
Earnings
The U.S. Bureau of Labor Statistics categorizes inventory managers among varying types of purchasing managers, buyers, and purchasing agents. The Bureau predicts that the employment of such managers, buyers, and agents could grow by as much as seven percent between 2010 and 2020. The median annual salary earned by purchasing managers was $100,170 in May 2012, per the BLS.
Recruiting Companies
G5 Resources Pvt Ltd
Ingenuity INC
LANDMARK Group
Interactive Manpower Solutions
Pantaloons Fashion And Retail Ltd
Male Square Retails Pvt. Ltd
How do I get there?
Option 1:
Many employers require a degree, and study of marketing, business or finance may give you an advantage. Other employers will take you with strong numerical skills and experience in Inventory Management especially if you’ve gained an understanding and interest in stock control levels.
Life Sciences are helpful in improving the quality and standard of Life. A degree in a Life Sciences subject will prepare you for a career in research and development.
Given the nature and diversity of the discipline, business and economics provides a solid background for management, finance, public policy and international business relations.
Engineering is a profession where creativity and ingenuity knows no bounds. If you are looking for challenging opportunities then, engineering is the most ideal profession to opt for.
Navigating an evolving legal system, advances in technology, vast bodies of case law and the demands of profession creates an intellectual environment for the legal professional.
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