Here's how you can handle the key responsibilities of an entry-level Inventory Manager.

In my experience the monitoring of stocks is essential, after all we are talking about stopped money. That is why the correct monitoring and setting of goals is important to eliminate costs that can be avoided, without compromising the safety stocks that must be precisely scaled with the use of solid historical data combined with the prediction of demands.

Keeping track of inventory can be tedious without the right system in place. Having an aid in the form of package tracking system can be great. In case there is no system available at hand, it has to be monitored day in day out without any exceptions.

Monitoring Stock Levels and Replenishment (3 points ) 1-Stock level analysis Learn to analyze historical sales data and identify reorder points ,This is the minimum level of stock before needing a reorder to avoid stockouts. 2-Order placement, Work with suppliers to place replenishment orders based on reorder points and lead times (time between order placement and receiving inventory) 3-Communicate effectively , Maintain clear communication with suppliers regarding order details, delivery schedules, and any potential issues.

Reorder points are great milestones which one can set while planning for inventory within a time frame. It not only helps the supply chain team but also acts as an important input given to finance team of the organization as well as the vendor to in the form of projections so that material/items are arranged and supplied on time.

Understanding customer requests is essential not only for the correct sizing of inventories, but also for the sizing of resources, in order to have the necessary flexibility for mix changes. All to ensure customer service, no delays and no risks of products without quality.

In my experience it is important to have a solid and reliable historical database for analysis. Subsequently, a combination of mathematical operations and statistical tools should be used to obtain information that can assist in decision-making. Using Power BI to visualize in an organized and practical way can be an excellent way.

Understanding and analyzing DATA is very important while strategizing for inventory management as on needs to arrange for adequate inventory at all times. This becomes even more challenging processes are not continuous as little excess inventory might impact the ITR.

As an entry-level Inventory Manager, immerse yourself in business data to understand order volume and customer behavior by region. Develop a comprehensive understanding of inventory levels, production processes, and spending patterns. Regularly review inventory reports and analytics to spot trends and areas for improvement. Collaborate with sales, production, and finance teams to align inventory management with overall business goals. Stay proactive in monitoring stock levels to prevent shortages and overstock situations. This can also prove valuable in unrelated meetings and projects, as having ad hoc insights fosters respect throughout the organization.

Inventory Optimization is a very broad term as per my understanding. As per my understanding of it, It requires continuous assessment of the processes at play over the floor with fast execution of corrective measures which needs to be taken from time to time.

One needs to understand that Supply Chain is a direct cost to the company. What ever ways we can enhance the efficiency of entire supply chain working will definitely result in generating/increasing savings to the organization.

S'assurer que les registres d'inventaire sont bien renseignés Suivre le stock S'assurer de bien saisir les données dans le logiciel de gestion de stock La maîtrise des logiciels de gestion de stock Analyse des données S'assurer que les magasins sont bien rangés