Scribd
Upload
10 views3 pages

Midterm Paper

Uploaded by

chareitheresealdea
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
10 views3 pages

Midterm Paper

Uploaded by

chareitheresealdea
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 3

MIDTERM PAPER

Special Topics in Operations Management

Name: Enfestan, Charei Therese A.


Course and Year: BSBA – Operations Management IV

Choose one of the following careers and research about what they do.
Describe the role and responsibilities of an Operations Management Professional being
in one of this career opportunities.

INVENTORY MANAGER
Inventory management is essential to a company's profitability because the faster
it turns over inventory, the more money it makes. The inventory manager's main
responsibilities include ensuring that the company has enough stock to meet customer
demands and attempting to avoid overstocking certain items, which ties up cash and
storage resources. Companies spend a significant amount of money on inventory
acquisition, so the manager must be capable of strategically managing the investment.
One of the primary responsibilities of an inventory manager is to ensure that the
company's stock levels are optimal. They keep an eye on stock levels and places
purchase orders when they fall below acceptable levels and collaborates with the rest of
the management team to ensure that the company has enough stock on hand during
peak customer periods like sales and holidays. The inventory manager is responsible
for determining the quality of goods delivered to the company and ensuring that they are
still in good condition before they are shipped to the customer.
Another thing, they are in charge of directing the flow of goods into, through and
out of the storage facilities of the company. He or she communicates with the
marketing, customer service, and warehousing departments to ensure that the
customer's order is filled correctly with the exact goods that were requisitioned. The
inventory manager should be informed if the marketing department is running a
promotion so that the promotional items can be included in the order. They may also
serve as the purchasing manager in some cases. As such, who is in charge of
establishing and maintaining relationships with suppliers in order to ensure supply chain
efficiency.
An effective Inventory Manager must be reliable and accountable for their
responsibilities. Every day, they’re doing calculations and keeping track of all the
materials that go into creating a brand. To ensure the proper flow of information around
the document, an inventory manager must be trusted by the company and be skilled at
report writing. The company can achieve better inventory management with a
productive inventory manager who values a strategic plan in place, which optimizes the
process of overseeing and managing inventory, including real-time data of inventory
conditions and levels.
Inventory is kept by all companies, whether they are manufacturing or service
industry. To support the operation's basic processes, a large amount of inventory is
required. Inventory can take many different forms in manufacturing, from raw materials
and component parts, as well as work-in-process inventory and finished goods, are all
delivered from suppliers. Supplies and equipment are part of the inventory as well. If
inventory is sitting idle in a warehouse, it can eat up funds, however, not having enough
inventory on hand when it's needed can lead to overstocking or production delays. As a
result, inventory management is an important component of operations management.
One of the roles and responsibilities of operations manager is to oversee the
supply chain process, including inventory management, production, distribution, sales
and supplier sourcing to ensure that required goods are delivered on time and at a
reasonable cost. As part of the supply chain, inventory managers also include several
different aspects such as controlling and overseeing purchases from suppliers and
customers, maintaining the storage of stock, controlling the amount of product for sale
and order fulfillment. Both of their role is to maintain a good working relationship with
suppliers that will require communicating and dealing with concerns or problems, such
as a delay in processing an order. Furthermore, they must be aware of other local
suppliers who may be willing to provide them with materials at a lower price.
Operations managers are also well-versed in the organization's staffing
requirements. They collaborate with HR on hiring and training new employees, as well
as resolving disciplinary issues. In the inventory department, the manager is in charge
of supervising the staff and dealing with any grievances, complaints, or disciplinary
issues that may arise. He or she has the final say in who gets hired as inventory
planners, quality assurance officers, and other department workers. In addition, the
manager is responsible for instilling organizational ethics, safety standards, work flow
processes, and inventory handling practices in the employees. Both of them collaborate
with other members across departments to guide groups of people through their
individual tasks in order to achieve companywide objectives.

REFERENCES:
https://careertrend.com/key-responsibilities-inventory-manager-16784.html
https://www.waspbarcode.com/buzz/inventory-manager-responsibilities
https://corporatefinanceinstitute.com/resources/knowledge/strategy/operations-
management/

You might also like