Wisconsin's Public Liberal Arts College

Inventory Control Manager


Business and Economics Department

Inventory Control Manager

Job Description:    

Develops and implements plans to optimize inventory cost and customer service goals at the plant, distribution center, and/or retail, levels. Responsible for forecasting needs, analyzing movement patterns, product deployment, performance reporting, and resolving accuracy discrepancies. Works with purchasing and logistics managers to establish optimal order quantities, inventory targets, and turnover objectives.

Related Positions:  

Inventory Deployment Manager, Inventory Specialist, Materials Manager

Key Duties:

  • Manage inventory quality and accuracy assurance program
  • Create, install, and/or monitor inventory management system
  • Coordinate physical inventory process and cycle counts
  • Monitor inventory flow through system - especially expedites and advertised goods Develops stock location and order picking strategies to optimize work flow, space utilization, and labor productivity in distribution facilities

Required Skills:

Extensive knowledge of inventory models, forecasting methods, and inventory control procedures; database management skills; spreadsheet analysis skills; understand DRP concepts; problem solving capabilities; understand logistics operations and inventory flows; understand inventory/accounting relationships; ability to prioritize needs.

Salaries:

Inventory Planning Mgr. Range: $41,300 - $63,600              Midpoint: $51,700

Planning & Control Mgr. Range:           $51,400 - $78,500               Midpoint: $65,400

Career Path:

Individuals can prepare for inventory management positions as inventory planners, expediters, distribution operations supervisors, and other relevant positions. Successful managers advance to the Director level or branch out to purchasing, supply chain management, customer service, or logistics management opportunities.

Quotes:

"You have to be able to see beyond what is in front of you to avoid getting caught off guard. Without some foresight and effective forecasting, you'll either have shortages of critical SKU's or overages of the unimportant ones."

"A good inventory manager realizes that there is a real cost of carrying inventory. By managing the inventory proactively, you can have a positive impact on your organization's balance sheet.""Inventory managers work in a very dynamic environment. Even though there are many computer tools to assist you, there is still an art to managing inventory."Logistics Engineer Description:

Designs logistics processes, technology, and/or infrastructure to support the efficient and cost effective management of products from their conception on the drawing board trough production, distribution, and usable life cycle. Develops recommendations on such matters as timing of activities, location of operations, and the environmental and human factors that affect logistics performance. Works closely with customers, logistics service providers, logistics managers, and other supply chain members to develop innovative solutions to ongoing operating problems.

Related Positions:

Logistics Specialist, Industrial Engineer, Internal Consultant, Process Engineer

Key Duties:

To assess the effectiveness of current logistics and/or transportation processes, determine improvements, and coordinate institutionalized change

To Design facility layout to maximize space utilization, productivity, and safety

To Develop standard operating procedures and performance standards

To Investigate and implement new technologies and information systems

Required Skills:

Project management sldlls; knowledge of computer-based design and analysis tools - route optimization, simulation, work measurement, spreadsheet and database analysis; strong technical writing sMIs - proposal development and performance analysis; investigative nature; understand costing and pricing analysis; process oriented.

Salaries:        

Salaries for experienced logistics engineers range from $50,000 to $85,000 depending on the scope of responsibility and area of expertise. New hires with an industrial engineering or related degree start at salaries between $34,000 and $40,000.

Career Path:            

Most logistics engineering positions require a minimum of 2-5 years experience in

logistics planning and analysis, operations management, and/or infon-nation technology. Successful engineers advance to the following positions: senior logistics'engineer, project manager, consultant, logistics engineering manager.

Quotes:

"Al work on a cross-functional team that develops new business opportunities for my organization (a contract logistics service provider). We work to create innovative transportation strategies, information management systems and inventory deployment solutions for current and potential customers"

"ALogistics engineer covers a broad range of activities. Some of our engineers work with our distribution centers while the others focus on transportation. We are asked to do a variety of things to optimize the movement of freight through our system - develop new processes, data analysis, systems maintenance, even strategic planning"

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