An inventory manager controls the inventory of materials or goods for a company. This includes keeping accurate account of all inventory on hand, as well as ordering additional inventory to meet the needs of the business. The inventory manager decides whether a product needs to have additional stock in the warehouse or if it can be ordered on an as-needed basis. The inventory manager is also responsible for hiring and managing inventory clerks to assist them.The position of inventory manager can be physically and mentally demanding. They can be expected to stand for long periods of time, as well as bend and twist to locate and count inventory on hand. Depending on the type of business, inventory may be located in a hot warehouse or in an air-conditioned building.Generally, a bachelor's degree in mathematics or inventory management is required in this position. This may sometimes be substituted with five years of work history in the same field. It may be helpful to work as an inventory clerk to gain the experience necessary to succeed as an inventory manager. A high level of organizational skills is important to succeed in this position. Excellent communication skills are necessary; knowledge of a computerized inventory tracking system is also helpful.

The job role of an Inventory Manager in Australia is expected to witness strong growth in the market. According to a 10-year analysis, employment opportunities for this position are projected to increase steadily. As per the latest data points available with Google, the demand for Inventory Managers is predicted to surge in the coming years. The role of an Inventory Manager is vital in various industries, including retail, manufacturing, and logistics, which will contribute to the rise in job opportunities. Overall, the future looks promising for individuals aspiring to pursue a career as an Inventory Manager in Australia.

How to Learn

As an Inventory Manager with 6-9 years of experience in Australia, your main responsibilities include:<ul><li> Oversee inventory levels and ensure accuracy through regular audits and cycle counts, minimizing stock discrepancies.</li><li> Develop and implement inventory management strategies to optimize stock levels, reduce holding costs, and improve operational efficiency.</li><li> Collaborate with cross-functional teams to forecast demand, plan procurement, and monitor product life cycles for timely replenishment and obsolescence management.</li><li> Analyze data, generate reports, and provide insights on inventory performance, identifying trends, and proposing strategies for inventory optimization and cost reduction.</li></ul>

Roles & Responsibilities

Average take home Salary for a Inventory Manager in Australia is around AU$85295 per year

Salary Breakup

An inventory manager oversees the inventory of goods or materials for a business. This involves keeping a precise record of all inventory in the warehouse and also the need to order additional inventory to meet the demands of the company. The inventory manager determines if the product requires more inventory in the warehouse, or if it is able to be purchased on an as-needed basis. In addition, the inventory supervisor is also accountable for bringing in and directing inventory clerks to help them.

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Inventory Manager

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