Students may also use computer models to simulate inventory management or distribution mechanisms. Bachelor's degree programs in supply chain management, for example, usually cover topics ranging from productivity to logistics. Students may choose from a variety of applicable majors, including supply chain management and business administration. Typically, a career in inventory management requires a four-year bachelor's degree. Inventory managers may study sales numbers, construction supply needs and vendor availabilities to come up with an estimated amount of product to maintain. For instance, new construction projects may require that supply-house inventory managers order parts that were previously not stocked. Inventory managers may also be responsible for using mathematical models to forecast future stock needs. These programs calculate a monthly or seasonal demand for materials and may even place computer-generated orders. While some managers track inventory by making lists, most use supply chain or inventory management software.
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Most inventory managers maintain daily records of shipments and invoices to see what products need to be replenished. Another inventory manager may maintain a set number of automotive parts for a group of repair shops.
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For example, an inventory manager may monitor the aisles in a grocery store to make sure that shelves are stocked for customers. Inventory managers may work for large corporations that sell products to the general public or for smaller businesses that store required goods for service technicians. Inventory managers monitor available supplies, materials, and products in order to ensure that customers and employees have access to the materials they need.