Financial and Purchasing Management Careers | Inventory Control Manager

Inventory Control Manager

Career Area: Business Management and Operations

Occupation Group: Logistics and Supply Chain Managers

Salary

Percentile wages tell how much a certain percentage of an overall population in a geographic area or within a given industry or field makes. The percentile wage estimate is the value of a wage below which a certain percent of workers fall.

An example would be the 25th percentile, 25 percent of workers employed in that occupation earn less and 75 percent earn more than the estimated wage value. At the 75th percentile, 75 percent of workers employed in that occupation earn less and 25 percent earn more than the estimated wage value.

A typical Inventory Control Manager earns the following wages (national and state):

State

The average salary in North Carolina for those pursuing this career is $65,575

*The salaries depicted here are representative of the range of salaries posted in job listings over the past year. Living wage in North Carolina is $30,000.

National

The average salary in the United States for those pursuing this career is $62,140

*The salaries depicted here are representative of the range of salaries posted in job listings over the past year. Living wage in North Carolina is $30,000.

What Does a Professional in this Career Do?

Manages inventory systems and warehousing. Works with supply chain managers to plan and maintain inventory at optimal levels and resolves issues and discrepancies related to inventory. Supervises warehouse employees and manages warehouse scheduling.

Employment Trends

The job demand and job growth statistics shown here were derived from job posts over the past year. Expected job growth projections are extrapolated from year-over-year job post listing history.

Job demand and job growth is expected at the following rates:

LocationGrowth
North Carolina103+10.7%
Nationwide2443+6.8%

Skills

A professional in this position typically utilizes the following skills in the course of everyday work in this exciting and challenging field:

Baseline Skills

The following are baseline skills every Inventory Control Manager is expected to have in order to experience success in this field:

  • Communication Skills: The ability to convey information to another effectively and efficiently.
  • Microsoft Excel: Microsoft Excel is a spreadsheet developed by Microsoft for Windows, macOS, Android and iOS. It features calculation, graphing tools, pivot tables, and a macro programming language called Visual Basic for Applications.
  • Planning: Working experience with the process of thinking about and organizing the activities required to achieve desired goals.
  • Problem Solving: Problem solving consists of using generic or ad hoc methods, in an orderly manner, for finding solutions to problems.
  • Detail-Oriented: A detail oriented person is someone who pays attention to the details and can make a conscious effort to understand causes instead of just the effects, and that does this in a second nature type of way.

Specialized Skills

These skills are specific to working in this career:

  • Inventory Management: Inventory managementis a discipline primarily about specifying the shape and placement of stocked goods.
  • Inventory Control: Inventory control or stock control can be broadly defined as the activity of checking a shops stock.
  • Inventory Maintenance: Inventory (American English) or stock (British English) is the goods and materials that a business holds for the ultimate goals to have a purpose of resale (or repair).
  • Logistics: Logistics is generally the detailed organization and implementation of a complex operation.
  • Supply Chain Management: In commerce, supply chain management (SCM), the management of the flow of goods and services, involves the movement and storage of raw materials, of work-in-process inventory, and of finished goods from point of origin to point of consumption.

Distinguishing Skills

Any Inventory Control Manager that possesses the following skills will stand out against the competition:

  • Inventory System: Inventory control or stock control can be broadly defined as the activity of checking a shops stock.
  • Inventory Planning: The process of determining the optimal quantity and timing of inventory for the purpose of aligning it with sales and production capacity.
  • Supply Chain Improvement: Working experience making processes of supply chains more cost-efficient or better for an organization.
  • Material Flow Management: Material flow management (MFM) is a method of efficiently managing materials.
  • Inventory Optimization: Inventory optimization is a method of balancing capital investment constraints or objectives and service-level goals over a large assortment of stock-keeping units (SKUs) while taking demand and supply volatility into account.

Salary Boosting Skills

A professional who wishes to excel in this career path may consider developing the following highly valued skills:

  • Logistics Strategies: Logistics strategy is the set of guiding principles, driving forces and ingrained attitudes that help to coordinate goals, plans and policies between partners across a given supply chain.

Experience

This position typically requires the following level of experience. The numbers presented in the pie charts below were derived from actual job posts over the past year. Not all job postings list experience requirements.

Experience Required%
0 to 2 years15%
3 to 5 years69%
6 to 8 years10%

Many of the programs offered through NC State are designed for working professionals who need additional credentials to enhance existing work experience.

Students who do not have the expected level of experience may wish to look into internship and employment opportunities.

Common Job Titles

It is possible to find work in this field in positions commonly listed as the following job titles:

  • Inventory Control Manager
  • Supply Chain Manager
  • Logistics Manager
  • Manager, Inventory Control
  • Clinical Supply Chain Manager Cam

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