| View Related Salaries: |
What does an Inventory Manager earn?
Inventory Managers play a crucial role in the smooth running of many businesses. It typically involves keeping records of stock levels and stock movement, identifying discrepancies and areas of improvement, and managing timely shipments. They usually earn around £46,800 per year in the UK, depending on the company and level of experience. To succeed in this role, good knowledge of stock management systems, customer service and problem-solving skills are essential.
How to earn more as an Inventory Manager
"If you want to become an Inventory Manager, you will need to gain experience in materials management, supply chain management, or warehousing. You can achieve this by either studying a degree in a related subject or through a degree apprenticeship. To make more money in the role of an Inventory Manager, you can move into a specialist area, such as procurement or market analysis, or become a manager within an inventory or supply chain business. You could also become a consultant or start your own inventory management firm. The highest-paid Inventory Managers make over £79,500 a year."
Min: £26,000.00 Max: £79,546.00
Average Inventory Manager Salary in UK : £46,814.70
Read about Inventory Manager salaries, related jobs and salary information across the UK
Inventory Manager Salary data from the ONS
Minimum
Median
Maximum
Age Group
Recommended Inventory Manager Jobs in UK
Average Salary for Inventory Manager compared to similar jobs
Related Jobs
View salaries for similar jobs.
| Job Title | UK Average |
|---|---|
| Supply Chain Manager Salary in UK | £27,730.77 |
| Logistics Analyst Salary in UK | £29,137.35 |
| Fleet Manager Salary in UK | £30,470.17 |
| Logistician Salary in UK | £30,881.99 |
| Storage and Distribution Manager Salary in UK | £32,415.93 |
| Supply Chain Planner Salary in UK | £32,491.95 |
| Transportation, Storage, and Distribution Manager Salary in UK | £33,343.04 |
| Airport Manager Salary in UK | £34,213.35 |
| Port Manager Salary in UK | £35,116.57 |
| Warehouse Manager Salary in UK | £35,774.67 |
| Logistics Manager Salary in UK | £36,001.94 |
| Logistics Engineer Salary in UK | £39,588.45 |
| Transport Operations Manager Salary in UK | £40,107.68 |
| Freight Manager Salary in UK | £42,136.82 |
| Transportation Manager Salary in UK | £42,814.00 |
Salary by Region
Compare Inventory Manager salaries across different regions
| Region | Salary |
|---|---|
| Scotland | £46,738.67 |
| Wales | £31,956.00 |
| Northern Ireland | £30,590.91 |
| East Midlands | £49,853.66 |
| Eastern | £47,162.20 |
| London | £52,389.99 |
| North East | £38,845.80 |
| North West | £51,430.50 |
| South East | £47,758.99 |
| South West | £41,454.38 |
| West Midlands | £46,202.78 |
| Yorkshire and the Humber | £39,988.85 |
Annual Job Ads by Region
Understanding the Average Inventory Manager Salary in the UK
As an Inventory Manager in the UK, it's important to have a clear understanding of the average salary in the field of Transportation and Logistics. This will help you gauge your earning potential and negotiate a fair compensation package. To get an idea of the average salary, you can refer to the average Transportation and Logistics salaries in the UK.
Salary Expectations for Newly Qualified Inventory Manager
If you're just starting your career as an Inventory Manager, it's essential to have realistic salary expectations. To get an idea of the salary range for newly qualified professionals in this role, you can explore the available opportunities on the job search platform. Visit the job search page to find relevant job listings and gain insights into the salary expectations for entry-level positions.
Salaries for Experienced Inventory Manager
As you gain experience and expertise in the field of inventory management, your earning potential is likely to increase. Experienced Inventory Managers in the UK can expect competitive salaries that reflect their skills and contributions. To get an idea of the salary range for experienced professionals in this role, it's recommended to research industry reports and consult with recruitment agencies specialized in the field.
Creating an Inventory Manager CV
A well-crafted CV is crucial for showcasing your skills and experience as an Inventory Manager. To create an impressive CV that highlights your qualifications and stands out to potential employers, you can use a professionally designed CV template. This template will provide you with a structured format and guidance on what information to include to make a strong impression.
Career Development Opportunities for Inventory Manager
As an Inventory Manager, there are various career development opportunities available to help you progress in your profession. To explore these opportunities and gain valuable insights into how to advance your career, you can refer to the career advice section. This resource will provide you with guidance on the skills and qualifications needed to excel in your role and advance to higher positions.
Comprehensive Compensation for Inventory Manager
Being an Inventory Manager involves more than just a salary. It's important to consider the comprehensive compensation package, which may include benefits such as healthcare, retirement plans, and bonuses. When evaluating job offers, it's essential to take into account the overall compensation package to ensure it aligns with your financial goals and needs.
Strategies for Increasing Your Salary as an Inventory Manager
If you're looking to increase your salary as an Inventory Manager, there are several strategies you can employ. These may include acquiring additional certifications, expanding your skill set, taking on additional responsibilities, or seeking promotions within your organization. By continuously improving your expertise and demonstrating your value, you can position yourself for salary growth and advancement opportunities.
Professional Development and Earnings
Investing in your professional development can have a direct impact on your earnings as an Inventory Manager. By attending industry conferences, participating in workshops, and staying updated on the latest trends and technologies, you can enhance your skills and knowledge, making yourself more valuable to employers. This, in turn, can lead to higher earning potential and career advancement.
Capitalizing on Extra Hours and Duties
As an Inventory Manager, there may be opportunities to earn additional income by taking on extra hours or duties. Some organizations offer overtime pay or bonuses for working beyond regular hours or handling additional responsibilities. By being proactive and demonstrating your willingness to go the extra mile, you can potentially increase your earnings and showcase your dedication to your role.
