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Salary Range
€30k - €65k
Career Zone

In Brief...

Manages the stock of goods and supplies of a business, overseeing incoming and outgoing shipments on a day to day basis.

Knowledge

  • Administration and Management Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.
  • English Language Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
  • Economics and Accounting Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.
  • Mathematics Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
  • Customer and Personal Service Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
Knowledge areas are ranked by their importance to this career

Skills

  • Social Perceptiveness Being aware of others' reactions and understanding why they react as they do.
  • Active Listening Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
  • Critical Thinking Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
  • Speaking Talking to others to convey information effectively.
  • Judgment and Decision Making Considering the relative costs and benefits of potential actions to choose the most appropriate one.
Skills are ranked by their importance to this career

Work Environment

Inventory Managers typically work in the following Career Sectors:

Road, Rail & Sea Freight
Transport & Logistics
Logistics
Transport & Logistics
Micromobility
Transport & Logistics

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Most commonly reported Work Activities

  • Resolving Conflicts and Negotiating with Others Handling complaints, settling disputes, and resolving grievances and conflicts, or otherwise negotiating with others.
  • Establishing and Maintaining Interpersonal Relationships Developing constructive and cooperative working relationships with others, and maintaining them over time.
  • Getting Information Observing, receiving, and otherwise obtaining information from all relevant sources.
  • Communicating with Persons Outside Organisation Communicating with people outside the organisation, representing the organisation to customers, the public, government, and other external sources. This information can be exchanged in person, in writing, or by telephone or e-mail.
  • Communicating with Supervisors, Peers, or Subordinates Providing information to supervisors, co-workers, and subordinates by telephone, in written form, e-mail, or in person.
  • Making Decisions and Solving Problems Analysing information and evaluating results to choose the best solution and solve problems.
  • Analysing Data or Information Identifying the underlying principles, reasons, or facts of information by breaking down information or data into separate parts.
  • Developing and Building Teams Encouraging and building mutual trust, respect, and cooperation among team members.
  • Organising, Planning, and Prioritising Work Developing specific goals and plans to prioritise, organise, and accomplish your work.
  • Interacting With Computers Using computers and computer systems (including hardware and software) to program, write software, set up functions, enter data, or process information.

 

 

The Work

The ultimate goal of an inventory managers work is ensuring there is sufficient stock in a company’s storage facilities to meet its needs. Meeting this goal will require designing processes which track incoming and outgoing stock, keeping aware of the business’s needs, assessing the reliability of suppliers and managing staff to ensure incoming deliveries are handled promptly and outgoing supplies are dispatched to schedule.

 

Most commonly reported Work Tasks

  • Represent companies in negotiating contracts and formulating policies with suppliers.
  • Develop cost reduction strategies and savings plans.
  • Develop and implement purchasing and contract management instructions, policies, and procedures.
  • Prepare bid awards requiring board approval.
  • Direct and coordinate activities of personnel engaged in buying, selling, and distributing materials, equipment, machinery, and supplies.
  • Locate vendors of materials, equipment or supplies, and interview them to determine product availability and terms of sales.
  • Interview and hire staff, and oversee staff training.
  • Prepare and process requisitions and purchase orders for supplies and equipment.
  • Review, evaluate, and approve specifications for issuing and awarding bids.
  • Control purchasing department budgets.

Qualities - Inventory Manager

Inventory Managers need to combine excellent organisational abilities with people skills. The job will often combine slow paced analytical work, checking stock levels and planning for the weeks and months ahead, with face-paced work overseeing warehouse and stock checking staff.

Interests - Inventory Manager

This occupation is typically suited for people with the following Career Interests:

Administrative

Administrative people are interested in work that offers security and a sense of being part of a larger process. They may be at their most productive under supervisors who give clear guidelines and while performing routine tasks in a methodical and reliable way.

They tend to enjoy clerical and most forms of office work, where they perform essential administrative duties. They often form the backbone of large and small organisations alike. They may enjoy being in charge of office filing systems, and using computers and other office equipment to keep things running smoothly. They usually like routine work hours and prefer comfortable indoor workplaces.

Realist

Realists are usually interested in 'things' - such as buildings, mechanics, equipment, tools, electronics etc. Their primary focus is dealing with these - as in building, fixing, operating or designing them. Involvement in these areas leads to high manual skills, or a fine aptitude for practical design - as found in the various forms of engineering.

Realists like to find practical solutions to problems using tools, technology and skilled work. Realists usually prefer to be active in their work environment, often do most of their work alone, and enjoy taking decisive action with a minimum amount of discussion and paperwork.

Entry - Inventory Manager

People working in the field will often have experience working in warehouses, logistics or stock control and will have progressed through the ranks. Many will have obtained qualifications in related fields such as business administration and finance, which provide relevant upskilling.

Those with experience in other business disciplines such as marketing, Warehousing, management sales, finance or production, would be suitably qualified for the career of Distribution Manager. There are a range of courses available for those interested in pursuing this career.

Training & Development 

FET Centre Traineeship Logistics and Distribution, Manufacturing Supply Chain and Logistics, Supervisory Management & Leadership at NFQ level 5 Search FET Courses

FET Centre PLC Supply chain, Transport logistics & distribution, Warehousing & Distribution, Warehousing, Stock Control and Forklift Training, Business, Logistics & Distribution, Supply Chain - Operations, Logistics & Distribution NFQ level 5-6 Search PLC courses

Apprenticeship Logistics Associate/Logistician, Supply Chain Specialist, Supply Chain Manager, Retail Supervison apprenticeship programmes at NFQ level 6-8 Search Apprenticeship 

Higher education CAO entry Logistics & Supply Chain Management, Business (Supply Chain Management), Supply Chain Management, Road Transport Technology and Management, Sustainable Transport Management Search CAO Courses

Professional Development

Postgraduate study options: Supply Chain Management, Engineering - Process Energy & Transport, Engineering - Road & Transport Engineering, Engineering - Road & Transport Engineering at NFQ level 9-10

Springboard courses Logistics & supply chain management NFQ (Minor) level 6-9 awards Search Springboardcourses

Chartered Institute of Logistics and Transport Offers Certificate and Diploma level courses in Logistics, Supply Chain Management, and Transport Operations

Freight transport assoc of Ireland 

Retails SKillnet

IPICS Irish Production & Inventory Control Society

Last Updated: April, 2023

Pay & Salary - Inventory Manager

Salary Range (thousands per year)* €30k - €65k

Salaries vary based on employer, location, experience, duties, and role.

Data Source(s):
Lincoln/ Morgan McKinley / CPL/ Sigmar/ Azon / Collins McNicholas/ Indeed

Last Updated: July, 2024

* The lower figures typically reflect starting salaries. Higher salaries are awarded to those with greater experience and responsibility. Positions in Dublin sometimes command higher salaries.

View Salary information from Indeed.ie
Note: data not aways available

Labour Market Updates - Inventory Manager

This information has been derived from the Solas National Skills Bulletin (2023).

The overall five-year average employment growth for this occupation was above average, although employment levels declined marginally between 2021 and 2022. A small number of new employment permits were issued in 2022 for various managerial roles.

Vacancies which were identified as difficult-to-fill in the Recruitment Agency Survey mainly related to warehouse and logistics managers. Training for those already employed in this occupation in areas including technological and regulatory changes associated with the transport/logistics sector will assist in preventing future recruitment difficulties.

Useful Contacts - Inventory Manager

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