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Inventory Managers oversee the organisation’s inventory and warehouse functions, ensuring that product stock is adequate for all distribution channels and can cover future customer demands. They are focused on waste reduction, lifecycle efficiencies, and strategies that will improve profitability and overall financial performance.
As Inventory Manager you could be organising a stock transfer between warehouses to maintain adequate inventory levels, carrying out a review of inactive inventory items and identifying obsolete items, arranging the disposal of surplus inventory, developing a report that monitors Inventory Management Key Performance Indicators (KPIs), or preparing a weekly stock report to submit to senior management.
To succeed in this job role you will need to be proficient in inventory planning software, have outstanding attention to detail, and be able to make sound decisions using inventory models and forecasting tools.
Salaries for Inventory Managers working in Australia right now start at $95,000. Increase your employability and earning capacity by obtaining post-graduate qualifications in business administration, logistics, and supply chain management.
There are no clear employment figures for Inventory Managers currently working in Australia. They are employed in the warehouse and logistics departments of industrial, manufacturing, wholesale, and retail organisations
Inventory Managers need leadership and organisational skills as well as a thorough understanding of warehousing and logistics software tools. You could launch your career with a VET Diploma of Logistics but you will be qualified for more career opportunities with the Bachelor of Business (Logistics and Supply Chain Management), Master of Business Administration (Logistics), or Master of Logistics and Supply Chain Management.
Source: Australian Government Labour Market Insights 2023
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Here are some potential career pathways within warehousing. Click on an occupation to learn more about the role and the qualifications that can help you get started in this industry.
Warehousing
Freight Handler
$960 weekly pay
Pick Packer
Storeperson
Warehouse Assistant
Warehouse Operator
Inventory Controller
$1,250 weekly pay
Inventory Planner
Supply Planner
$1,442 weekly pay
Warehouse Leading Hand
Warehouse Manager
$1,340 weekly pay
Warehouse Supervisor