Senior inventory manager salary
In businesses with high growth and opportunities we have seen Inventory Managers progress to Supply Chain Manager, Logistics Manager, S&OP Manager positions to further their development and career opportunities. Financial acumen and able to make key decisions around holding stock vs cash flowĬareer prospects can vary considerably depending on the industry and size of the business that you work within.Communication with key stakeholders around the S&OP team and understanding how business decisions impact inventories.
Others may have come through a more structured route from Inventory Administrator to Inventory Controller then stepping up into an Inventory Manager position. You may have worked your way up through a business, industry from stores or logistics coordinator roles and taken on the opportunity to move into an inventory role. The pathways to becoming an Inventory Manager vary considerably, with no set path as such. The roles can vary depending on the nature of your business with a manufacturing business having raw materials and finished goods to manage versus an import and distribution business working solely with finished products. The impacts of COVID-19 and shipping challenges have certainly shown the importance of good planning and managing inventories effectively to ensure you have the right balance of stock on hand to supply your customers while not having too much stock tied up which limits cash flow.Īn Inventory Manager will most likely be a senior stakeholder in your supply chain and is responsible for ensuring the accuracy of inventory systems to maintain optimum stock levels to meet sales demand.
If we lost that stock and needed to make adjustments, we had effectively lost our customers money. When I first worked in logistics and 3PL, I was taught to look at inventory like we were a bank looking after our customers money. Managing inventory in a supply chain is an absolutely critical part of ensuring the success of a business. In our thirteenth instalment, the role of Inventory Manager is in the spotlight.
SENIOR INVENTORY MANAGER SALARY SERIES
Hunter Campbell’s supply chain salary & employment forecast series profiles roles within the Supply Chain job family, including jobs in demand, wages, and employment prospects.