INVENTORY MANAGER DUTIES SOFTWARE

This can be done through inventory management or ERP software (see benefits of ERP). Inventory control managers must perform audits regularly to uncover any problems. Inventory numbers need to be accurate, or they can damage a business' bottom line. This is true whether it's physical inventory counting, inventory cycle count, or data from perpetual inventory management software or an order management system. Inventory managers are responsible for ensuring inventory counts are done correctly. This is because the majority of their responsibilities are regarding inventory. Inventory control managers may also be called inventory supervisors.

This also includes paying attention to detail when using the inventory turnover formula and inventory days formula. A manager with an eye for detail can avoid most mistakes and save the company money. An efficient warehouse typically has each product organized by the SKU number and product characteristics. It's highly important for an inventory control manager to maintain order and optimize processes. A disorganized warehouse is more of a liability than an asset. A good inventory control manager makes informed, data-driven decisions to help the business grow. It is used to calculate reorder point (use our reorder point formula), lead time ( what is lead time?), economic order quantity, and more. Inventory control managers need to be able to quickly and efficiently find solutions. There are many issues that may arise like inventory shrinkage, dead stock (see dead stock meaning), or missing product. They need to be able to lead by example, resolve conflict, and take decisive action. Inventory control managers are in charge of a number of employees who work with inventory. 5 Important Inventory Control Manager Skillsĭue to the varied nature of this role, inventory control managers must have a wide variety of skills.

Inventory manager duties