Industrial inventory managers often work in manufacturing industries. Due to strong competition, most managers hold a bachelor's degree in industrial engineering or business management, as well as several years of related work experience.
Industrial inventory managers oversee the levels of supplies and finished products within businesses to keep production running at optimal levels. Some inventory management skills can be acquired through on-the-job training; however some employment opportunities require a college degree in business administration, industrial engineering, management or specialized programs in industrial distribution.
|Required Education||Bachelor's degree|
|Projected Job Growth (2014-2024)*||-4% decline for industrial production managers|
|Median Annual Salary (2015)*||$93,940 for industrial production managers|
Source: *U.S. Bureau of Labor Statistics (BLS)
Industrial inventory managers generally work in a variety of industries, usually within the manufacturing facilities or warehouses. Ensuring that production runs at optimum levels is one of their main goals and they should be competent in new technologies that are used to inventory and track supplies and products from suppliers to manufacturers and on to consumers. They often work closely with industrial production managers. Individuals who wish to work for companies with advanced production systems or management positions may be required to have a master's degree in industrial or business management.
The median salary for industrial production managers in the U.S. in 2015 was $93,940, according to the BLS. Industrial jobs are in decline across the nation, so applicants should expect strong competition for these positions.
Those interested in industrial inventory management positions often earn a bachelor's degree in a field such as business management or industrial engineering. Some jobs may only require an associate degree plus several years of experience in lieu of a bachelor's degree. A graduate degree can also be useful for career advancement within the field. Some inventory managers move up to higher positions within a particular industry, such as overseeing an entire manufacturing facility. Others advance by transferring to larger facilities where they take on more responsibility as an inventory manager.
Industry certification can also help job seekers in this field stand out among the competition. APICS The Association for Operations Management offers the Certified in Production and Inventory Management (CPIM) credential to qualified applicants. The certification requires passage of a series of exams. Those with CPIM credentials are expected to be able to improve supply chain efficiency, increase customer satisfaction and increase profits within their particular manufacturing facility.
Applicants face strong competition for industrial inventory manager positions because of the decline in employment for this occupation as well as the desirability of the job. Job seekers should carry at least a bachelor's degree to remain competitive, but work experience and/or industry certification can also increase appeal for employers.