Inventory Manager in Newcastle upon Tyne

Inventory Manager in Newcastle upon Tyne

Newcastle upon Tyne Full-Time 45000 - 55000 £ / year (est.) No working from home possible
Lucy Group

At a Glance

  • Tasks: Lead inventory optimisation and oversee warehouse operations for a global brand.
  • Company: Join Lawson Fuses, a trusted name in the fusegear market since 1938.
  • Benefits: Competitive salary, career growth, and a chance to make an impact.
  • Other info: Collaborative team culture with opportunities for professional development.
  • Why this job: Shape inventory strategies and drive efficiency in a dynamic environment.
  • Qualifications: 5-8 years in inventory management; degree in supply chain or related field.

The predicted salary is between 45000 - 55000 £ per year.

Lawson Fuses is seeking an experienced Inventory Manager to lead and drive inventory optimization across sites and oversee the warehouse operation at the UK facility. The inventory manager will be accountable for the end-to-end inventory strategy, ensuring optimal stock availability at the lowest possible working-capital cost. Reporting directly to the General Manager, the role plays a critical part in reducing overall stock levels, improving inventory turns, and strengthening planning discipline across the supply chain. The role owns inventory classification, stock-level policies, and optimization rules with direct oversight of warehouse operations to ensure accuracy, control and execution. The role also provides light but effective quality control oversight, primarily focused on inbound materials, non-conformance and traceability.

Incorporated in 1938, Lawson Fuses Limited (LFL) is an established British and global brand that operates in the fusegear market with a focus on design, development and manufacture of low voltage High Rupture Capacity (HRC) fuse-links and associated fuse holders. LFL’s products are ASTA certified and comply with IEC/BS/ENA standards and accepted throughout the world. With manufacturing facilities based in UK and India, LFL’s global clientele is spread across several countries including the UK, Middle East, Africa, India, Malaysia, Australia, South Korea and Hong Kong. With ISO 17025 ASTA certified R&D lab and ASTA certified manufacturing plants, LFL is keen on safety, quality and speed of product delivery. From 2018, LFL is part of Lucy Group which is a diversified international group headquartered in Oxford, UK and operates in multiple sectors including Power Distribution, Smart Lighting, Fusegear and Real Estate. Lawson Fuses, under the banner of Lucy Group, is focusing on accelerated growth of its product line and subsequently the share of the market.

Job Dimensions

  • Inventory Classification and Segmentation
  • Demand Understanding and Inventory Planning
  • Inventory Optimisation and Stock Reduction
  • Replenishment & ERP Control
  • Warehouse Oversight (Enabler Role)
  • Quality Control (Inventory Centric)
  • Governance, Reporting and Cross Functional Working
  • Team Management

Currently, the warehouse team in the UK consists of one team leader and two warehouse operatives. This role will also oversee the inventory profile at our Indian site through support of local logistics team in India. The role will closely work with purchasing team in the UK and India to optimize stock profile at both sites.

Key Accountabilities

  • Inventory Classification and Segmentation: Design, maintain and continuously improve inventory classification frameworks (ABC, RRS, Star Products). Segment SKUs based on demand behaviour, inventory turnover, value contribution and profitability. Ensure warehouse stock is aligned to the value it brings to the business, not just historical holdings. Work with ERP (e.g., Dynamics 365) to enhance multi-dimensional item categorisation and reporting. Partner with sales and finance to ensure inventory policies reflect real demand and commercial reality.
  • Demand Understanding & Inventory Planning: Translate demand signals into effective inventory strategies, recognising that understanding demand is core to inventory optimisation. Planning beyond simple historical averaging; incorporate product lifecycle position, seasonality, market trends and qualitative inputs. Use demand insights to set realistic inventory coverage, safety stock and replenishment policies.
  • Inventory Optimisation and Stock Reduction: Lead initiatives to reduce excess, slow-moving and obsolete inventory, with clear, measurable outcomes. Own stock-level control policies ensuring right goods, right quantities, right timing. Define differentiated service levels, safety stock rules and reorder parameters by SKU category. Balance service level targets with working capital, reducing over-servicing of low-demand items. Improve and monitor stock turnover ratios, ensuring fast movers are supported while low-value stock is constrained. Lead regular inventory reviews with clear actions, owners and timelines.
  • Replenishment & ERP Control: Ensure ERP-driven replenishment logic is intelligent, realistic and aligned with demand planning. Refine reorder points, reorder dates, MOQs and lead times to avoid system-driven overstocking. Complement system triggers with forecast intelligence and supplier constraints. Apply safety stock principles selectively – focused on fast-moving and supply-risk items only.
  • Warehouse Oversight (Enabler Role): Provide direct oversight of warehouse operations to ensure inventory accuracy, discipline and control. Ensure robust processes for goods receipt and system posting accuracy, put-away, location control and traceability, picking, dispatch and cycle counting. Define and track clear warehouse inventory KPIs (stock accuracy, adjustments and ageing stock). Support warehouse layout optimisation and stock positioning aligned to demand patterns. Ensure warehouse practices support inventory optimisation and not excess holding.
  • Quality Control (Inventory-Centric): Oversee incoming goods inspection and quality related stock controls. Ensure quarantine, non-conformance and traceability processes are effective and auditable. Work with suppliers and internal stakeholders to resolve quality issues impacting stock availability and accuracy. Support internal and external audits from inventory perspective where required.
  • Governance, Reporting & Cross-Functional Working: Clearly define and operate within agreed RACI frameworks across demand forecasting, warehouse classification, stock-level control policies, service level targets, replacement and safety stock policies. Produce regular reports to senior team highlighting inventory value and trends, stock reduction progress, risk to availability or cost. Act as a central point of accountability for inventory discipline across sales, purchasing, warehouse and finance.
  • Team Management: Provide day-to-day support and management for warehouse operatives, ensuring clear priorities, safe working practices and high standards of stock discipline. Management workload allocation, training and development of warehouse team in line with inventory objectives. Work closely with purchasing, providing clear inventory-driven guidance on order quantities, timing and supplier performance. Ensure purchasing activities align with approved inventory classifications, stock-level policies and demand forecasts.

Qualifications, Experience & Skills

  • Qualifications: Bachelor’s degree in supply chain, Operations, Logistics, Engineering, Business, or a related discipline (or equivalent professional experience). Professional certifications such as APICS (CPIM/CSCP), CIPS or Lean/Continuous Improvement are desirable.
  • Experience Level: Typically, 5–8 years’ experience in inventory, materials or supply-chain management roles. Demonstrated experience in inventory optimisation, stock reduction and working-capital improvement. 2–3 years’ experience leading small operational teams and influencing cross-functional stakeholders (warehouse and purchasing).
  • Essential Experience: Proven experience in inventory management and stock optimisation within a UK business environment. Strong understanding of inventory classification, replenishment logic and working capital management. Strong capability in ERP/MRP systems (Dynamics 365 preferred) and advanced data analysis tools. Ability to translate data into clear, commercial decisions. Experience working cross-functionally with sales, finance, procurement and operations.
  • Desirable Experience: Experience overseeing warehouse operations. Exposure to quality control processes and supplier non-conformance handling. Background in manufacturing, utilities, engineering or technical distribution. Continuous improvement mindset (lean, KPIs, structured reviews).
  • Personal Attributes: Commercially astute and outcome-driven. Confident influencing senior stakeholders. Analytical, structured and detail oriented. Comfortable challenging legacy stock practices. Pragmatic, disciplined and improvement-focused.

Inventory Manager in Newcastle upon Tyne employer: Lucy Group

Lawson Fuses Limited is an exceptional employer, offering a dynamic work environment that fosters innovation and growth within the supply chain sector. With a strong commitment to employee development, team collaboration, and a focus on quality and safety, LFL provides its staff with opportunities to enhance their skills while contributing to meaningful projects in a globally recognised brand. Located in the UK, employees benefit from being part of a well-established company that values operational excellence and encourages a culture of continuous improvement.

Lucy Group

Contact Details:

Lucy Group Recruitment Team

StudySmarter Expert Advice🤫

We think this is how you could land Inventory Manager in Newcastle upon Tyne

Tip Number 1

Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.

Tip Number 2

Prepare for interviews by researching the company and its culture. Understand their inventory management practices and be ready to discuss how your experience aligns with their needs. Show them you’re not just another candidate!

Tip Number 3

Practice your responses to common interview questions, especially those related to inventory optimisation and stock management. Use the STAR method (Situation, Task, Action, Result) to structure your answers and highlight your achievements.

Tip Number 4

Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search.

We think you need these skills to ace Inventory Manager in Newcastle upon Tyne

Inventory Management
Stock Optimisation
Supply Chain Management
ERP Systems (Dynamics 365)
Data Analysis
Demand Forecasting
Quality Control

Some tips for your application 🫡

Tailor Your CV:Make sure your CV is tailored to the Inventory Manager role. Highlight your experience in inventory optimisation and stock management, and don’t forget to mention any relevant qualifications or certifications you have!

Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for the role. Mention specific experiences that relate to the job description, especially around inventory classification and demand planning.

Showcase Your Analytical Skills:Since this role involves a lot of data analysis, make sure to showcase your analytical skills in your application. Talk about how you've used data to drive decisions in past roles, especially in inventory management.

Apply Through Our Website:We encourage you to apply through our website for a smoother process. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates!

How to prepare for a job interview at Lucy Group

Know Your Inventory Inside Out

Before the interview, make sure you’re well-versed in inventory management principles and practices. Brush up on key concepts like inventory classification, stock-level policies, and ERP systems, especially Dynamics 365, as these are crucial for the role.

Showcase Your Analytical Skills

Be prepared to discuss how you've used data analysis to drive inventory optimisation in your previous roles. Bring examples of how you've improved stock turnover ratios or reduced excess inventory, and be ready to explain your thought process.

Demonstrate Cross-Functional Collaboration

This role requires working closely with various teams, so highlight your experience in cross-functional collaboration. Share specific instances where you’ve successfully partnered with sales, finance, or purchasing to achieve inventory goals.

Prepare Questions About Their Processes

Show your interest in Lawson Fuses by preparing thoughtful questions about their current inventory strategies and challenges. This not only demonstrates your enthusiasm but also gives you insight into how you can contribute to their success.