Inventory Manager

Inventory Manager

Wolverhampton Full-Time 28800 - 42000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Manage inventory activities, monitor stock levels, and coordinate with suppliers.
  • Company: GSF Car Parts is a leading automotive parts distributor in the UK and Ireland.
  • Benefits: Enjoy a full-time role with opportunities for growth and development.
  • Why this job: Join a dynamic team and make an impact in a thriving industry.
  • Qualifications: 3-5 years of experience in inventory management and strong analytical skills required.
  • Other info: Work with cutting-edge inventory management software and lead a dedicated team.

The predicted salary is between 28800 - 42000 £ per year.

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About The Role

The Inventory Manager is responsible for managing and overseeing all inventory activities within the company. This includes monitoring stock levels, ensuring accurate inventory records, maintaining optimal inventory levels to meet operational needs, and minimizing surplus and shortages. The role involves developing and implementing efficient inventory control systems, coordinating with suppliers, and working closely with warehouse and purchasing teams.

About The Role

The Inventory Manager is responsible for managing and overseeing all inventory activities within the company. This includes monitoring stock levels, ensuring accurate inventory records, maintaining optimal inventory levels to meet operational needs, and minimizing surplus and shortages. The role involves developing and implementing efficient inventory control systems, coordinating with suppliers, and working closely with warehouse and purchasing teams.

About You

Key Responsibilities:

Inventory Control

  • Manage inventory accuracy through regular stock audits and cycle counts.
  • Ensure proper labeling, categorization, and tracking of all inventory items.
  • Monitor inventory levels and forecast demand to ensure adequate stock without overstocking.

Stock Optimization

  • Maintain optimal inventory levels by analyzing stock usage trends, lead times, and seasonal fluctuations.
  • Collaborate with purchasing and production departments to adjust stock levels based on project needs.
  • Manage reordering processes to prevent stockouts or excess inventory.

Reporting And Analysis

  • Generate regular inventory reports for management, highlighting key performance indicators (KPIs) such as stock turnover, shrinkage, and order accuracy.
  • Analyze stock discrepancies and identify root causes to implement corrective actions.
  • Forecast future inventory needs based on historical data, market trends, and upcoming demand.

Supplier And Vendor Management

  • Coordinate with suppliers to ensure timely deliveries and resolve any supply chain issues.
  • Negotiate terms with suppliers to ensure cost-effective procurement of inventory.
  • Maintain strong relationships with suppliers and vendors to facilitate smooth inventory flow.

Team Leadership And Training

  • Lead and manage the inventory team, including warehouse staff responsible for receiving and stocking products.
  • Train staff on inventory control procedures, software systems, and best practices.
  • Ensure compliance with safety regulations and company policies regarding inventory management.

Technology And Systems Management

  • Utilize inventory management software to track inventory levels and update records in real-time.
  • Implement new technologies and processes to improve the efficiency of inventory tracking and reporting.
  • Work with IT teams to integrate inventory systems with other departments, such as accounting and production.

Qualifications

  • Proven experience (3-5 years) in inventory management, supply chain, or related roles.
  • Strong analytical skills and experience using inventory management software (e.g., SAP, Oracle, QuickBooks).
  • Excellent organizational and time management skills.
  • Strong leadership and communication abilities.
  • Proficiency in Microsoft Office, especially Excel for reporting and data analysis.

Desired Skills

  • Familiarity with Just-In-Time (JIT), Lean inventory principles, and other inventory management techniques.
  • Knowledge of warehouse management systems (WMS) and enterprise resource planning (ERP) systems.
  • Experience working in industries with complex inventory systems (e.g., manufacturing, retail, e-commerce).

About Us

GSF Car Parts is one of the UK’s leading automotive parts distributors, supplying thousands of independent garages throughout the UK and Ireland with parts, tools, garage equipment and specialist training. The group has over 175 branches nationwide and a turnover exceeding £475 million. Built on the heritage and success of a dozen local brand identities acquired over several years, we have traded as one brand since November 2021. Our branch network is bolstered by centralised support and expertise from specialist departments in key areas such as procurement and supply chain, marketing and national accounts. The business also benefits from integrated IT systems, which include our industry leading catalogue system, Allicat, and access to the Group\’s national garage programme, Servicesure.

Seniority level

  • Seniority level

    Mid-Senior level

Employment type

  • Employment type

    Full-time

Job function

  • Job function

    Management and Manufacturing

  • Industries

    Motor Vehicle Manufacturing

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Inventory Manager employer: GSF Car Parts

GSF Car Parts is an exceptional employer, offering a dynamic work environment in Wolverhampton where innovation meets tradition. With a strong focus on employee development, we provide comprehensive training and growth opportunities within the automotive parts industry, ensuring our team members thrive in their careers. Our collaborative culture, supported by advanced technology and a commitment to excellence, makes GSF Car Parts a rewarding place to work for those seeking meaningful employment.
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Contact Detail:

GSF Car Parts Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Inventory Manager

✨Tip Number 1

Familiarise yourself with inventory management software like SAP or Oracle, as these are commonly used in the industry. Being able to demonstrate your proficiency in these systems during an interview can set you apart from other candidates.

✨Tip Number 2

Highlight any experience you have with Just-In-Time (JIT) and Lean inventory principles. These methodologies are crucial for optimising stock levels and reducing waste, which is a key responsibility of the Inventory Manager role.

✨Tip Number 3

Prepare to discuss your analytical skills and how you've used data to forecast inventory needs in previous roles. Being able to provide specific examples will show that you can effectively manage stock levels and respond to market trends.

✨Tip Number 4

Network with professionals in the automotive parts distribution sector. Building relationships with individuals who work at GSF Car Parts or similar companies can provide valuable insights and potentially lead to referrals.

We think you need these skills to ace Inventory Manager

Inventory Management
Stock Auditing
Data Analysis
Forecasting
Supplier Coordination
Negotiation Skills
Team Leadership
Training and Development
Microsoft Excel Proficiency
Inventory Management Software (e.g., SAP, Oracle)
Warehouse Management Systems (WMS)
Enterprise Resource Planning (ERP) Systems
Just-In-Time (JIT) Principles
Lean Inventory Techniques
Organisational Skills

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights relevant experience in inventory management and supply chain roles. Use keywords from the job description, such as 'inventory control', 'stock optimization', and 'supplier management' to catch the employer's attention.

Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for inventory management and your understanding of GSF Car Parts. Mention specific achievements in previous roles that demonstrate your ability to manage stock levels and improve inventory processes.

Highlight Relevant Skills: In your application, emphasise your analytical skills and experience with inventory management software like SAP or Oracle. Also, mention your proficiency in Microsoft Excel, as this is crucial for reporting and data analysis.

Showcase Leadership Experience: If you have experience leading a team, make sure to include this in your application. Discuss how you've trained staff on inventory procedures and improved team performance, as this aligns with the responsibilities of the Inventory Manager role.

How to prepare for a job interview at GSF Car Parts

✨Know Your Inventory Management Software

Familiarise yourself with the inventory management software mentioned in the job description, such as SAP or Oracle. Be prepared to discuss your experience with these tools and how you've used them to improve inventory accuracy and efficiency.

✨Demonstrate Analytical Skills

Highlight your analytical skills by discussing specific examples of how you've forecasted inventory needs or resolved stock discrepancies in previous roles. Use data to back up your claims and show how your decisions positively impacted inventory levels.

✨Showcase Leadership Experience

As the role involves leading a team, be ready to share your leadership experiences. Discuss how you've trained staff on inventory control procedures and how you’ve fostered a collaborative environment within your team.

✨Understand Supply Chain Coordination

Be prepared to talk about your experience coordinating with suppliers and managing vendor relationships. Discuss any successful negotiations you've conducted and how they benefited your previous employers in terms of cost savings or improved delivery times.

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