The primary duty of any inventory manager is fostering strong relationships with suppliers as it helps to keep the business operable, So finding reliable suppliers who provide quality goods and keeping a backup in case a supplier fails to supply the products is also part of the stock manager’s duty. Create schedules and hire a workforce for inventory management.Īn inventory manager’s job profile is not restricted only to the function of handling stock, So they also have the following key responsibilities:.Get inventory ready for shipping or delivery.Conduct daily analysis and forecast any potential issues.Develop a system to track the movement and streamline business operations.Ensure that there is enough stock to cover sales and for business activities.Identify shortages and replenish the stock.Implement inventory control procedures.The stock manager has the following tasks: Their job is to monitor the stock and do maintenance of inventory and do not raise the expenses of the company as having obsolete stock will result in a loss to the company. A stock manager’s duty is to ensure that there is minimal wastage of materials.
Inventory Manager – Job profileĪn inventory manager or stock manager is a person who maintains the list of materials held by the business. Every business or firm appoints a dedicated inventory manager or stock manager to oversee and maintain the stock of the company. Inventory is a current asset in the books of accounts. It is an accounting term that indicates the complete list of materials on hand for resale or for supporting business operations. Inventory or stock is the main component of any business.
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