The role of a stock manager is to monitor stock levels to keep up with demand and to ensure the workplace and supply chain is working as efficiently as possible. They are responsible for ensuring that stock is maintained and reordered when necessary, to ensure customers always have access to inventory at all times.
This role is essential in ensuring the ongoing success of the business, and a stock manager will often lead a team of warehouse workers to ensure incoming and outgoing stock is moved and stored safely, efficiently and effectively. Overall, their aim is to ensure that inventory gets to its desired destination within the agreed time frame, that stock is moved carefully from one place to another, and that the shelves are always stocked.
Day-to-day tasks of this role:
- Monitor and maintain stock levels.
- Lead a team of warehouse workers to ensure the safe and efficient movement of stock.
- Prepare orders.
- Purchase new stock items.
- Train new employees.
UNDERSTAND THE ROLE
Skills profile for a Stock Manager
Most organisations will require a stock manager to obtain a tertiary qualification such as a Bachelor degree in business management or business administration. Relevant industry training and on-the-job experience is also favourable when applying for this role. There are some common skills required for this position.
A successful stock manager will need to be a strong team leader. They need excellent leadership skills to train and motivate new and junior staff members, and always ensure that the team is engaged and working effectively. They must also understand the importance of recruitment, and implement all strategies to hire the right people at all times.
A stock manager must also understand the importance of prioritising health and safety. They must provide ongoing health and safety training for their staff, and promote a positive attitude towards health and safety at all times.
It is also important that a stock manager has extensive inventory management knowledge. They must have strong knowledge of ordering and inventory management that changes during the seasons/peak periods, as well as have an analytical mind that understands trends in buyer behaviour. It is also essential that stock managers have extensive IT knowledge, and are capable of picking up inventory management software systems quickly.
Once you’ve determined the skills required for the role, you can write the job description to advertise for your position.
Stock Manager Job Description
- Why is this role being filled?
- How does this role fit into the organization and the team?
- What makes your company unique?
- What would it be like to work for you?
- What technical skills are needed for this role?
- Which soft skills are applicable?
- What are the nice-to-have experiences of your ideal candidate?
- Include availability preferences in this section
- What are the key deliverables for this role?
- What does the day-to-day of this role look like?
- Compensation & bonuses
- Employee benefits & perks
- Ongoing training benefits
PRO TIP #1
Ensure you include in the job description any specific licences, accreditations or experience required. For example, some stock managers may require a forklift licence when working in a warehouse. Others may require knowledge of dangerous substances or chemical storage.
PRO TIP #2
Ensure that the entire recruitment process from job description to assessment to interview reiterates your company vision and values. This will help you identify the right people for the role, and applicants will know whether your company is the right fit for them.
Sample skills assessment
Question Type: Document
How do you stay up to date with buying behaviours that impact stock? Please outline this in the document below.
Health and Safety
Question Type: Text
How do you provide staff training for health and safety?
Question Type: Video
How involved are you in the recruitment process? What do you look for when building a team around you?
Interview guide for a Stock Manager
Once your Vervoe skills assessment has surfaced the most qualified people for your open role, you can focus on interviewing these candidates. The PDF interview guide contains structured questions against each of the competencies for this role.
This interview guide is intended to be used in conjunction with the Vervoe skills assessment. Where a candidate has scored Low – Medium on a skill, focus on asking more questions from that skill to gain deeper insight into their level of competency.
PDF INTERVIEW GUIDE
Get your copy of the interview guide to complete the hiring process. Includes questions against each of the skill competencies for the role.