Inventory Manager Salary
£30,910
Job profile for a Inventory Manager
• Ensure stock integrity is maintained at the highest standard from an accuracy and storage condition perspective. • Ensure that Inventory labour cost and specific overheads fall within targeted costs through the implementation of robust control mechanisms. • Ensure compliance to DTP contractual requirements through the achievement of specific KPIs. • Ensure all inventory related tasks are performed satisfactorily and within required time windows. • Audit and investigate count overrides and stock discrepancies, escalating to the Service Centre Manager any potential stock loss above an agreed threshold • Maintain system security through the management of new user set up and authority levels • Ensure the reconciliation of all paperwork regarding Goods inwards deliveries, supplier invoices, supplier credit claims, uplifts i.e. maintenance of Bought Ledger. • Ensure maximum value is realised for discontinued lines • Review overstocks and takes appropriate action • Organise company or mandatory DTP supplier stock takes in line with requirements • Organise regular qualitative and quantitative audits and reports on findings • Ensure that product batch recalls are dealt with promptly • Monitor productivity performance and agreed KPIs with the Service Centre Manager and ensure targets are met or exceeded • Ensure effective liaison with Central Replenishment, other Head Office personnel, other Service Centres, suppliers and upstream customers. • Provide prompt feedback to customer related queries • Ensure the department meet all H&S requirements and Direct Reports are aware of their responsibilities. • Ensure compliance to GDP procedures • Provide effective leadership and motivation through regular team briefings • Take appropriate steps to maintain IIP accreditation, agreeing clear objectives for direct reports and monitoring performance through annual appraisal process as per company guidelines. • Recruit, train and develop all direct reports, maintaining appropriate liaison with Human Resources department.
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Inventory Manager Salary Comparison
In 2008, the average salary for this job was £25,334.The average salary in 2009 was £31,125, based on 8 respondents (a difference of 23% from the 2008 figure.
The average salary in 2010 was £28,800, based on 10 respondents (a difference of -8% from the 2009 figure.
The average salary in 2011 was £25,688, based on 8 respondents (a difference of -11% from the 2010 figure.
The average salary in 2012 was £38,633, based on 6 respondents (a difference of 50% from the 2011 figure.
The median salary for a Inventory Manager based on all salary survey responses is: £30,000
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About the Salary Survey Data in this survey is based on over 368,000 individual salary records. The date period for which job information was gathered varies, but is usually between 2008 - 2012. For precise date related information, custom reports may be ordered with greater granularity. Working 8 hours a day, 250 days of the year, the data suggests the hourly rate for Inventory Manager is £15.46.
Assorted Inventory Manager Salary Information
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Inventory Manager Salary By UK Region
These figures use non-job specific statistical weighting from our salary data pool and also include for comparison the salaries for a Inventory Manager job in US Dollars based on a recent exchante rate (last rate update 02/05/2013 with a pound to dollar exchange rate 1.56) for comparisons for our international visitors
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With regard to age and impact on salary for a Inventory Manager, a statistical average weighting (that is based on how salary varies by age and not for a specific job which may vary considerably) suggests these figures: £23,183 for a worker in their 20s, £30,292 (30s), £35,856 (40s) and £35,856 (50s).
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