Manage inventory

Control product inventory in balance of availability and storage costs.

manage inventories
oversee inventory
manage an inventory
regulate inventory
supervise inventory
managing an inventory
maintain inventory

skill/competence

sector-specific

Manage inventory is an essential skill of the following occupations:

Botanical technician: Botanical technicians provide technical assistance in researching and testing different plant species to monitor their properties such as growth and structure. They collect and analyse data using laboratory equipment, compile reports and maintain laboratory stock. Botanical technicians also study plants to research their use in areas such as medicine, food and materials.
Warehouse manager: Warehouse managers assume the responsibility for storage facilities. They manage the operations and the staff within.
Raw materials warehouse specialist: Raw materials warehouse specialists organise and monitor the reception and storage of raw materials in the warehouse according to the required conditions. They monitor the stock levels.
Biology technician: Biology technicians provide technical assistance in researching and analysing the relationship between living organisms and their environment. They use laboratory equipment to examine organic substances such as bodily fluids, medicines, plants and food. They collect and analyse data for experiments, compile reports and maintain laboratory stock.
Purchasing manager: Purchasing managers are in charge of buying goods, equipment and services for their company, and try to ensure the most competitive prices. They are also responsible for negotiating contracts, reviewing the quality of products and analyzing suppliers , and the use and resale of goods and services.
Move manager: Move managers coordinate all the resources and activities comprised in moving services. They work together with clients to define the requirements of the service and adapt it to their demands. They manage communication with shipping companies, planners, and movers to assure compliance, business efficiency, and client satisfaction.
Biochemistry technician: Biochemistry technicians provide technical assistance in researching, analysing and testing the reactions caused by chemicals in living organisms. They use laboratory equipment to help develop or improve chemical-based products and also collect and analyse data for experiments, compile reports and maintain laboratory stock.
Resource manager: Resource managers manage resources for all potential and assigned projects. They liaise with the different departments to see that all various resources are met, in a timely manner, and communicate any resourcing issues that may impact scheduled deadlines.
Supply chain manager: Supply chain managers plan, manage and coordinate all activities related to the sourcing and procurement of supplies needed to run manufacturing operations from the acquisition of raw materials to the distribution of finished products. The supplies can be raw materials or finished products, and it can be for internal or external use. Moreover, they plan and commission all the activities needed to be performed in manufacturing plants and adjust operations to changing levels of demand for a company’s products.
Forecast manager: Forecast managers have a deep understanding of the operations of the company, the inventory levels, production batches, requirements and costs of production per product, and trends in the demand levels. They use all that information in combination with forecasting software in order to define production orders aiming for the most efficient production combinations.
Inventory coordinator: Inventory coordinators keep track of products stored in warehouses for transport to stores, wholesalers and individual customers. They inspect the inventory and maintain paperwork and documents.
Category manager: Category managers define the sales programme for specific product groups. They research market demands and newly supplied products.

Bacteriology technician: Bacteriology technicians provide technical assistance in researching and testing bacteria using laboratory equipment. They collect and analyse data for experiments, compile reports and maintain laboratory stock.
Medical laboratory manager: Medical laboratory managers oversee the daily operations of a medical laboratory. They manage employees and communicate the schedule of activities. They monitor and ensure all laboratory operations are performed according to specifications, arrange the necessary laboratory equipment and assure that the appropriate health and safety standards are followed. 
Zoology technician: Zoology technicians provide technical assistance in researching and testing animal species using laboratory equipment. They aid in research concerning animals as well as their environments and ecosystems. They collect and analyse data, compile reports and maintain laboratory stock.

Manage inventory is optional for these occupations. This means knowing this skill may be an asset for career advancement if you are in one of these occupations.

Spa manager: Spa managers coordinate the day-to-day operations of the spa establishment in order to provide guests with the best customer experiences. They oversee the activities and performance of staff, manage the financial aspects of the Spa, deal with suppliers and run advertising campaigns for the spa in order to attract more customers.
Laundry and dry cleaning manager: Laundry and dry cleaning managers oversee the laundry operations in an institutional laundry. They supervise laundry and dry cleaning staff, plan and enforce safety procedures, order supplies and oversee the laundry’s budget. Laundry and dry cleaning managers ensure the quality standards and that customers’ expectations are met.
Marketing manager: Marketing managers carry out the implementation of efforts related to the marketing operations in a company. They develop marketing strategies and plans by detailing cost and resources needed. They analyse the profitability of these plans, develop pricing strategies, and strive to raise awareness on products and companies among targeted customers.
Cost analyst: Cost analysts prepare regular costs, budgeting analyses and reports in order to contribute to the overall cost planning and forecasting activities of a business. They review and reconcile key balance sheets and identify new opportunities to save costs.
Electrolytic cell maker: Electrolytic cell makers create, finish and test concrete electrolytic cells using equipments, tools and concrete mixers.
Shop manager: Shop managers are responsible for activities and staff in specialised shops.
Retail department manager: Retail department managers are responsible for activities and staff in a section in a store.
Recording studio technician: Recording studio technicians operate and maintain microphones and headsets in recording booths in recording studios. They operate mixing panels. Recording studio technicians manage all sound production requirements. They advise singers on the use of their voice. Recording studio technicians edit recordings into a finished product.
Lithographer: Lithographers make and prepare metal plates to be used as the original in various printing processes and media. Plates are usually laser-etched from digital sources with computer-to-plate technology, but can also be made by applying types of emulsions to the printing plate.
Court enforcement officer: Court enforcement officers enforce orders of court judgements such as managing the recovery of money owed, seizing of goods, and selling goods in public auctions to obtain the money owed. They also send summons and arrest warrants to ensure attendance in court or other judicial procedures.
Supermarket manager: Supermarket managers are responsible for activities and staff in a supermarket.
Service manager: Service managers are responsible for the supervision and coordination of the provision of different professional and technical services to customers. They ensure a smooth interaction with clients and high levels of satisfaction post-service. This occupation includes the provision of policing, correctional, library, legal and fire services.
Shop supervisor: Shop supervisors are responsible for the smooth operation of stores according to regulations and company policy. They oversee business activities such budgets, inventory and customer service. Shop supervisors also monitor employees’ performance and ensure that goals are being met.
Drugstore manager: Drugstore managers are responsible for activities and staff in drugstores that sell items such as magazines, household products, medicines, cosmetics, candy or refreshments. ​They manage employees, monitor the sales of the store, manage budgets and order supplies when a product is out of supply and perform administrative duties if required.
Laundry workers supervisor: Laundry workers supervisors monitor and coordinate the activities of the laundry and dry-cleaning staff of laundry shops and industrial laundry companies. They plan and implement production schedules, hire and train workers and monitor the production quality levels.
Accountant:
Accountants review and analyse financial statements, budgets, financial reports, and business plans in order to check for irregularities resulting from error or fraud, and provide their clients with financial advice in matters such as financial forecasting and risk analysis. They may audit financial data, resolve insolvency cases, prepare tax returns and provide other tax-related advice in reference to current legislation.

References

1. Manage inventory – ESCO