What is an inventory manager and how to become one

Updated January 8, 2025
4 min read
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An inventory manager is a person responsible for overseeing and coordinating the storage, tracking, and ordering of a company's products or materials. They work to ensure that inventory levels are optimized to meet customer demand while minimizing costs and waste. Inventory managers use various tools and software to monitor inventory levels, forecast future needs, and identify trends.Their ultimate goal is to maintain the right balance of inventory to maximize profits and customer satisfaction.

ScoreInventory ManagerUS Average
Salary
4.9

Avg. Salary $62,768

Avg. Salary $59,228

Stability Level
7.9

Growth Rate -6%

Growth Rate 0.3%

Diversity
3.5
Race

American Indian and Alaska Native 0.66%

Asian 8.46%

Black or African American 7.78%

Hispanic or Latino 13.06%

Unknown 4.71%

White 65.33%

Gender

female 30.62%

male 69.38%

Age - 47
Race

American Indian and Alaska Native 3.00%

Asian 7.00%

Black or African American 14.00%

Hispanic or Latino 19.00%

White 57.00%

Gender

female 47.00%

male 53.00%

Age - 47
Stress Level
7.9

Stress level is high

7.1 - high

Complexity Level
8.6

Complexity Level is advanced

7 - challenging

Work Life Balance
3.5

Work Life balance is poor

6.4 - fair

What are the pros and cons of being an Inventory Manager?

Pros

  • Job security

  • Opportunities for advancement

  • Exposure to different areas of the business

  • Opportunity to work with technology and automation

  • High earning potential with experience

Cons

  • Stressful and high-pressure environment

  • Requires strong attention to detail and accuracy

  • Long hours and irregular schedules may be necessary

  • Repetitive and monotonous at times

  • Continual need for process improvement can be overwhelming

Inventory Manager career paths

Key steps to become an inventory manager

  1. Explore inventory manager education requirements

    Most common inventory manager degrees

    Bachelor's

    54.1 %

    Associate

    19.0 %

    High School Diploma

    15.3 %
  2. Start to develop specific inventory manager skills

    Skills
    ascdesc
    Percentages
    ascdesc
    PET75.11%
    Direct Reports4.49%
    Customer Service3.92%
    Inventory Control1.87%
    Logistics1.72%
  3. Complete relevant inventory manager training and internships

    Accountants spend an average of Less than 1 month on post-employment, on-the-job training. New inventory managers learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as an inventory manager based on U.S. Bureau of Labor Statistics data and data from real inventory manager resumes.
  4. Research inventory manager duties and responsibilities

    • Accomplish and operate MRP and produce purchasing orders to optimize inventories of materials and supplies necessary to achieve production demands.
    • Manage a wide variety of customer service and administrative software such as TallyWizard and QuickBooks.
    • Manage control measures to ensure mistakes, inaccuracies and discrepancies are highlight, addressed and resolve.
    • Manage credit control, monthly reconciliations, management analysis and internal control.
  5. Prepare your inventory manager resume

    When your background is strong enough, you can start writing your inventory manager resume.

    You can use Zippia's AI resume builder to make the resume writing process easier while also making sure that you include key information that hiring managers expect to see on an inventory manager resume. You'll find resume tips and examples of skills, responsibilities, and summaries, all provided by Zippi, your career sidekick.

    Choose From 10+ Customizable Inventory Manager Resume templates

    Build a professional Inventory Manager resume in minutes. Browse through our resume examples to identify the best way to word your resume. Then choose from 10+ resume templates to create your Inventory Manager resume.
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    Inventory Manager Resume
  6. Apply for inventory manager jobs

    Now it's time to start searching for an inventory manager job. Consider the tips below for a successful job search:

    1. Browse job boards for relevant postings
    2. Consult your professional network
    3. Reach out to companies you're interested in working for directly
    4. Watch out for job scams

How Did You Land Your First Inventory Manager Job

Zippi

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Average inventory manager salary

The average Inventory Manager salary in the United States is $62,768 per year or $30 per hour. Inventory manager salaries range between $43,000 and $91,000 per year.

Average Inventory Manager Salary
$62,768 Yearly
$30.18 hourly

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How do inventory managers rate their job?

-/5

5 Stars

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Inventory Manager reviews

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A zippia user wrote a review on Jan 2020
Pros

Well when looking in the figures you will understand immediately how the organization doing, then when you send the info and your are correct and they don't listen then they realize that you where right, you look at there faces you will feel like you own the world.

Cons

we put a lot of hours, we earn our salaries from our eyes so salary is not up to what we do. but i do it because i love this job.


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Updated January 8, 2025

Zippia Research Team
Zippia Team

Editorial Staff

The Zippia Research Team has spent countless hours reviewing resumes, job postings, and government data to determine what goes into getting a job in each phase of life. Professional writers and data scientists comprise the Zippia Research Team.

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