Inventory Manager: What is the cost of hiring?

Why hire an Inventory Manager?

The need for new staff can affect both your existing team and your bottom line. A great Inventory Manager hire can help your business:

• Determine methods to optimize inventory control procedures
• Monitor and inspect business inventory and supplies to detect oversupply and shortages ahead of time
• Making sure available stock is in good to cover customer demand and distribution demand

Skills to look for in a great Inventory Manager

A great Inventory Manager candidate will have the following skills and attributes as well as work experience that reflects:

• Bachelor’s Degree in Finance, Business or related field
• Experience of more than 5+ years’ experience in inventory and distribution management and operation
• Possess minimum of 2 years of supervisory experience
• Strong ability to lead a team and work independently
• Excellent written and verbal communication skills
• Good knowledge of the distribution environment

Writing an Inventory Manager job description

A thoughtful description is important for finding qualified Inventory Manager candidates. An excellent Inventory Manager job description includes a compelling summary of the role, detailed list of duties and responsibilities, and the required and preferred skills for the position.

Consider including keywords that job seekers are using to search for Inventory Manager jobs, such as:

• Inventory Control Analyst
• Senior Inventory Manager
• Inventory Manager-Supply Chain

Interviewing Inventory Manager candidates

To hire a suitable Inventory Manager, take the time to vet candidates and asking detailed interview questions to understand their knowledge and skills.

• Proficiency in managing inventory software systems and leading a team
• Past experience in working in a distribution environment managing company inventory
• How they’ve contributed to sales and profit goals of the company by actively working towards managing company inventory

See our list of interview questions for more examples.