An Inventory Manager is responsible for directing and managing the tasks related to inventory management. They coordinate and plan the production plan, manage inventory, and schedule and plan the final product.
Personal Competencies
You like to keep your things organised
You pay attention to details while working
You are comfortable communicating with others
You like to lead
Entry Pathway
1. Complete 10+2 in any stream (preferably commerce)
2. Complete Bachelor’s degree (BBA/BBM) in Business Administration/business management
OR Complete Bachelor’s degree and follow it up with Master’s (MBA) in the same discipline
Please check the duration of the course during enrolment
Where will you study?
The course is offered by the Department of Management. This list of Institutes is indicative only
Government Institutes 1. Deen Dayal Upadhyaya College, New Delhi 2. University of Jammu, Jammu 3. Maharaja Sayajirao University Baroda, Vadodara 4. University of Petroleum and Energy Studies - [UPES], Dehradun 5. Indian Institute of Management - [IIM], Rohtak 6. Doon University, Dehradun 7. Department of management Sciences, Savitribai phule pune university 8. IITTM, Gwalior
Private Institutes (Please check if Institute is affiliated and accredited with UGC before applying) 1. Raisoni Group of institutions, 2. SunRise University, Alwar 3. CMJ University, Ri-Bhoi 4. Sharanabasava university, Gulbarga 5. Arcade Business College, Patna 6. Oxbridge Business School - [OBS], Bangalore 7. Jyoti Nivas College, Bangalore 8. National Institute of Business Excellence, Bangalore
*NPTEL- National Programme in Technology Enhanced Learning. It is by the Government of India and offers a variety of courses in an audio - video form.
Fees
The approx. course fee ranges between INR 1,71,000-16,00,000* for the full course.
*(The above-mentioned figures are approximate numbers. This will vary from Institute to Institute)
Scholarships & Loans
Scholarships
• National Scholarship Portal - Visit http://www.scholarships.gov.in. Under this portal there are Central Government schemes offered by different departments, UGC/AICTE Schemes and State Schemes • Visit http://www.buddy4study.com for details on available scholarships. This is a gateway to scholarships starting from Class XI. • Scholarships are also available in the institutes based on merit. *(Availability of these scholarships can vary from time to time) \
Loans
• VidyaLakshmi, http://www.vidyalakshmi.co.in, is a portal for students seeking education loan. This portal has been developed under the guidance of the Department of Financial Services, (Ministry of Finance), Department of Higher Education (Ministry of Human Resource Development) and Indian Banks Association (IBA). •Some states have student credit cards with low interest rates, for instance, West Bengal, Odisha, Bihar, etc. • All banks give education loans.
Where will you work?
Places of Work: Production units, Private and Public production companies, E-commerce companies, Courier companies, Cottage based industries, Shipping companies, Military and so on.
Work Environment: The work timings are typically 5 to 6 days a week for 8 to 9 hours per day. Shift system is applicable. \
Opportunities for work exist for differently abled in this field
Expected Growth Path
Inventory Clerk/Executive → Inventory Supervisor/Assistant Manager → Inventory Manager → Senior inventory manager → Head of Logistics
Expected Income
The approx. salary of an Inventory Manager ranges between INR 15,200 - 83,400* per month
*These figures are indicative and subject to change
Experts from the field
Sarbani Sengupta started her career in the financial sector where she worked for 10 years before making the shift to this industry. She has completed her graduation in Economics, after which she pursued an MBA in Marketing from SVKM's Narsee Monjee Institute of Management Studies (NMIMS). Today, she is the Vice President, Customer Service, DHL Express India.*
Inventory Manager
NCS Code: 4321.0102 | LG0071. Complete 10+2 in any stream (preferably commerce)
2. Complete Bachelor’s degree (BBA/BBM) in Business Administration/business management
OR Complete Bachelor’s degree and follow it up with Master’s (MBA) in the same discipline
Please check the duration of the course during enrolment
The course is offered by the Department of Management.
This list of Institutes is indicative only
Government Institutes
1. Deen Dayal Upadhyaya College, New Delhi
2. University of Jammu, Jammu
3. Maharaja Sayajirao University Baroda, Vadodara
4. University of Petroleum and Energy Studies - [UPES], Dehradun
5. Indian Institute of Management - [IIM], Rohtak
6. Doon University, Dehradun
7. Department of management Sciences, Savitribai phule pune university
8. IITTM, Gwalior
Private Institutes
(Please check if Institute is affiliated and accredited with UGC before applying)
1. Raisoni Group of institutions,
2. SunRise University, Alwar
3. CMJ University, Ri-Bhoi
4. Sharanabasava university, Gulbarga
5. Arcade Business College, Patna
6. Oxbridge Business School - [OBS], Bangalore
7. Jyoti Nivas College, Bangalore
8. National Institute of Business Excellence, Bangalore
Information on the institute rankings can be found at https://www.nirfindia.org/2022/Ranking.html
Distance Learning Institute
Indira Gandhi National Open University (IGNOU)
Online courses
• NPTEL* Swayam - https://nptel.ac.in/courses/110105095
• Udemy - https://www.udemy.com/course/inventory-control-and-inventory-management-complete-course/
*NPTEL- National Programme in Technology Enhanced Learning. It is by the Government of India and offers a variety of courses in an audio - video form.
The approx. course fee ranges between INR 1,71,000-16,00,000* for the full course.
*(The above-mentioned figures are approximate numbers. This will vary from Institute to Institute)
Scholarships
• National Scholarship Portal - Visit http://www.scholarships.gov.in. Under this portal there are Central Government schemes offered by different departments, UGC/AICTE Schemes and State Schemes
• Visit http://www.buddy4study.com for details on available scholarships. This is a gateway to scholarships starting from Class XI.
• Scholarships are also available in the institutes based on merit.
*(Availability of these scholarships can vary from time to time) \
Loans
• VidyaLakshmi, http://www.vidyalakshmi.co.in, is a portal for students seeking education loan. This portal has been developed under the guidance of the Department of Financial Services, (Ministry of Finance), Department of Higher Education (Ministry of Human Resource Development) and Indian Banks Association (IBA).
•Some states have student credit cards with low interest rates, for instance, West Bengal, Odisha, Bihar, etc.
• All banks give education loans.
Places of Work: Production units, Private and Public production companies, E-commerce companies, Courier companies, Cottage based industries, Shipping companies, Military and so on.
Work Environment: The work timings are typically 5 to 6 days a week for 8 to 9 hours per day. Shift system is applicable. \
Opportunities for work exist for differently abled in this field
Inventory Clerk/Executive → Inventory Supervisor/Assistant Manager → Inventory Manager → Senior inventory manager → Head of Logistics
The approx. salary of an Inventory Manager ranges between INR 15,200 - 83,400* per month
Source: https://www.payscale.com/research/IN/Job=Inventory_Manager/Salary
*These figures are indicative and subject to change
Experts from the field
Sarbani Sengupta started her career in the financial sector where she worked for 10 years before making the shift to this industry. She has completed her graduation in Economics, after which she pursued an MBA in Marketing from SVKM's Narsee Monjee Institute of Management Studies (NMIMS). Today, she is the Vice President, Customer Service, DHL Express India.*
Source : http://cargotalk.in/women-in-logistics-making-a-mark/
*The above information is for training purposes only and will not be used for any commercial gains
inventory management, material management, raw materials management