Find Jobs
Hire Freelancers
Chat with Ava - Your AI Business Consultant
User Avatar
Hi I'm Ava, your AI guide to supercharging your business!
Whether you're already running a business or dreaming of starting one, I'm here to help turn your vision into reality using AI powered freelancers. Share your business goals, and together, we'll create a project that our talented freelancers can bid on. Let's make your vision a reality!
I have a business
I'm starting a business
Something went wrong while sending the conversation to your email. Please try again later.
You can only save your conversation once per hour. Please try again later.
Your conversation is too short. Keep chatting with Ava to enable saving.

Hire expert
Inventory Managers
for any job

Millions of people use Freelancer.com to turn their ideas into reality.
Hire a top Inventory Manager now
Trusted by leading brands and startups
NASA IconDeloitte IconFacebook IconAirbus IconAmazon Icon

Hire Inventory Managers

Avatarmonthly-level-three.svg
Peter A.
Inventory Manager
$50 per hour
4.9 (405 jobs)
View Profile
Avatar
Jawwad H.
Inventory Manager
$40 per hour
5.0 (40 jobs)
View Profile
Avatarverified.svgannual-level-three.svg
Luke M.
Inventory Manager
$100 per hour
5.0 (13 jobs)
View Profile
Avatarmonthly-level-two.svg
Just Create It Digital
Inventory Manager
$150 per hour
4.7 (8 jobs)
View Profile
See more Inventory Managers
Clients rate our Inventory Managers
4.81 out of 5
from 29,768 reviews

How to hire a great freelance Inventory Manager

If your business carries stock, it is extremely likely that you are familiar with the concept of inventory management. It is a scientific method used to oversee and control all aspects of stock control including ordering, storage and the factors relating to production and quantities required for sale.
The inventory of a business is one of its main resources and is instrumental in controlling cash-flow and hostage cash, so it’s imperative that the processes are carried out correctly and accurately.
The key elements of inventory management are as follows:
Maintaining enough stock – your stock should be maintained at a reasonable enough level to provide your customers with the products that they need while not spending too long in storage. This will involve an element of prediction based on previous year’s sales or if you’re a startup, guidance from an expert. Stock maintenance must factor in stock ordering time spans as well as materials required.
Avoiding excess stock – excess stock is effectively redundant cash. It costs money to store inventory so if you have too much your overheads increase. Personal property tax can also be added onto unsold stock which is another cost you can effectively avoid. The excess inventory also takes the place of popular stock items which means you will have to reduce those popular lines due to lack of storage space.
Cash-flow -  effective cash-flow is key in any small business and binding cash up in stock is a critical error that should be avoided at all costs. If you have excess stock, the natural reaction is to reduce its price to sell it and make room for new inventory, however, this reduces the return on investment and thus reduces your profit.
Tracking inventory – a successful inventory tracking system can advise you on your stock levels, current order status, and sales history.
Here are some key components involved in structuring a successful Inventory Management System:
Barcodes – items with barcodes can be traced as they’re coming into the warehouse and tracked as they’re going out. This allows for automatic reporting on when stock needs to be replaced or if too much stock is being held.
Software – Inventory software can provide accurate data and scientific information based on actual and predicted sales. It can offer solutions based on current trends.
Portable data terminals – portable data terminals can be carried in the hand and have the ability to read barcodes. This will help to identify when the stock is leaving a warehouse or storage facility without the use of a computerized till.
While manual stock control is an option, it is limited in its potential. Counting manual items provides room for error and calculations are not specific. A scientific inventory management system can calculate the ideal stock ordering and holding facility for your organization to ensure that cash spent on holding the stock is kept to a minimum and can be spent where it is better directed, towards operations.
If you are looking to implement an inventory management system, engaging with an IMS professional found on Freelancer.com will offer you a positive outcome. They will be able to implement processes and strategies to ensure that your inventory levels are maintained at just the right level to increase your profit and reduce overheads caused by holding too much stock.
 
API upsell image
Freelancer Enterprise

Company budget? Get more done for less

Use our workforce of 50 million to help your business achieve more.
Contact us
API upsell image
Freelancer API

50 million professionals on demand

Why hire people when you can simply integrate our talented cloud workforce instead?
Contact us

How hiring a Inventory Manager works

Post a Job

1. Post a job

Tell us what you need done in seconds.
Choose a Freelancer

2. Choose freelancers

Get your first bid in seconds and choose from the best.
Track Progress

3. Track progress

Chat with your freelancer and review their work 24/7.
Pay Safely

4. Pay safely

Only pay when you're completely satisfied.

So what are you waiting for?

Post a project today and get bids from talented freelancers
Hire a top Inventory Manager now

Showcased work from our freelancers

Get some inspiration from Inventory Management projects
Game.
Discover More
Game.
$50 USD in 9 days.
Package Design.
Discover More
Package Design.
$110 USD in 4 days.
Music Video.
Discover More
Music Video.
$300 USD in 12 days.
Interior Design.
Discover More
Interior Design.
$269 USD in 14 days.
Poster.
Discover More
Poster.
$100 USD in 3 days.
Flyer Design.
Discover More
Flyer Design.
$15 USD in 1 day.
Concept Design.
Discover More
Concept Design.
$100 USD in 10 days.
Socials Post.
Discover More
Socials Post.
$50 USD in 6 days.
Discover more work from freelancers See more work

As featured in

VentureBeat Logo

The world's largest marketplace

Millions of users, from small businesses to large enterprises, entrepreneurs to startups, use Freelancer to turn their ideas into reality.
72.3M
72.3M
Registered Users
23.6M
23.6M
Total Jobs Posted

Looking for freelancers for other types of work?

Intellectual Property Law Organization Design Business Analytics Medical Billing and Coding ERP Contract Management Workday Financials Logistics Company Economics Econometrics Workday Compensation Core Systems Transformation Custom Duties Tax Research and Development Visa / Immigration Real Estate Indirect Tax Forensic Consulting Reward Tax Technology
Thanks! We’ve emailed you a link to claim your free credit.
Something went wrong while sending your email. Please try again.
Registered Users Total Jobs Posted
Freelancer ® is a registered Trademark of Freelancer Technology Pty Limited (ACN 142 189 759)
Copyright © 2024 Freelancer Technology Pty Limited (ACN 142 189 759)
Loading preview
Permission granted for Geolocation.
Your login session has expired and you have been logged out. Please log in again.