Inventory Analyst Salary

Inventory Analysts in the United States take home approximately $53K annually on average. In the world of Inventory Analysts, total cash compensation can vary between $33K and $68K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $7K and $10K, respectively. The most influential factor affecting pay for this group is geographic location, though the specific employer and experience level have a (lesser) impact as well. Medical benefits are awarded to most, and a large number earn dental coverage. Most workers in this position report high levels of job satisfaction. Men working as Inventory Analysts who took the survey just slightly outnumber women at 53 percent. This report is based on responses to the PayScale salary survey.
Read More
$39,425 - $69,331
$39K
$53K
$69K
MEDIAN: $52,585
10%
50%
90%

Add this chart to your site: 640px    300px

$12.34 - $23.99
$12
$17
$24
MEDIAN: $17.39
10%
50%
90%

Add this chart to your site: 640px    300px

$0$69K
Salary $39,425 - $69,331
Bonus $412.17 - $6,693
Profit Sharing $1,000 - $9,500
Commission $9,000
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$32,890 - $68,336
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 577
Hourly Data $0$34
Hourly Rate $12.34 - $23.99
Overtime $18.34 - $34.58
Annual Data $0$68K
Bonus $412.17 - $6,693
Commission $9,000
Profit Sharing $1,000 - $9,500
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$32,890 - $68,336
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 258

Find Out Exactly What You Should Be Paid

United States (change)

Employers: Start Here »

Job Description for Inventory Analyst

An inventory analyst is responsible for handling the challenges posed by managing an inventory. A wide set of skills is necessary for this position. First and foremost the analyst must have exceptional technical knowledge. Armed with customer purchasing habits for stores and regions, the inventory analyst uses statistical analyses to determine the proper inventory levels for stores. Once an appropriate inventory level is determined, the analyst must set orders into motion and ensure that the inventory levels are consistently met. Additionally, the inventory analyst must use exceptional communication skills to effectively work with everyone who contributes to inventory shipment. The inventory analyst must order inventory from the company's suppliers and then work with suppliers to track the shipments. If shipping issues arise, the inventory analyst must work with the suppliers to appropriately resolve the situation.

Read More...

Inventory Analyst Tasks

  • Anticipate potential backorder cases and work closely with suppliers and management to find other sources or expedite the product.
  • Execute purchasing and order placement.
  • Maintain online systems accurately reflect order and supplier information.
  • Develop and implement solutions to improve inventory turnover and dealer replenishment.
  • Manage inventory, delivery dates and fill rates for assigned suppliers.

Common Career Paths for Inventory Analyst


Add this chart to your site:   640px 640px    300px 300px


Inventory Analysts may progress into high-paying roles like Demand Planning Manager, where median compensation is $88K annually. Inventory Analysts most frequently advance into Inventory Manager and Buyer roles even though the median salaries are $6K lower and $2K lower, respectively.

Inventory Analyst Job Listings

Popular Employer Salaries for Inventory Analyst


Heading up the field in terms of compensation, The Home Depot Inc. offers the most; Inventory Analysts earn $62K on average there.

Popular Skills for Inventory Analyst


Inventory Analysts seem to exploit a large range of skills on the job. Most notably, facility with Financial Analysis and Forecasting are correlated to pay that is significantly above average, leading to increases of 25 percent and 5 percent, respectively. Skills that are correlated to lower pay, on the other hand, include SAP Materials Management, Purchasing, and Customer Service. It is often found that people who know Data Analysis are also skilled in Inventory Management.

Pay by Experience Level for Inventory Analyst

Pay by Experience for an Inventory Analyst has a positive trend. An entry-level Inventory Analyst with less than 5 years of experience can expect to earn an average total compensation of $46,000 based on 525 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. An Inventory Analyst with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $53,000 based on 233 salaries. An experienced Inventory Analyst which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $54,000 based on 135 salaries. An Inventory Analyst with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $58,000 based on 52 salaries.

Pay Difference by Location

National Average: $49,034

Larger city markers indicate a job is popular in that location.

Surpassing the national average by 30 percent, Inventory Analysts in San Francisco receive some of the highest pay in the country. Inventory Analysts can also look forward to large paychecks in cities like Chicago (+23 percent), Minneapolis (+17 percent), New York (+15 percent), and Portland (+12 percent). The lowest-paying market is Los Angeles, which sits 16 percent below the national average. Employers pay around 13 percent less in Pittsburgh and 12 percent less in Houston, below-median salaries for those in this field.

Inventory Analyst Reviews

Q: What is it like working as an Inventory Analyst?

Inventory Analyst in Norcross:
"Busy."
Pros: It is a great work environment at work with great people, professionals who know exactly what they're doing. We make great things happen and we get the job done well.
Cons: Sometimes there is an unbalanced workload and we work long hours I also feel like I am being unfairly paid Because I am aware of what others make Who share the same responsibilities .

Inventory Analyst in Schaumburg:
"Stressful."
Pros: Helping sales to be sure their machines are ordered.
Cons: Starring at the computer all day.

Inventory Analyst in Springfield:
Pros: I like most about my job as an Inventory Analyst is the ability to work with others towards a common goal in providing assistance to activities with inventorying their fuel products. Providing guidance and researching issues to find resolutions to their issues.
Cons:

Related Job Salaries

Key Stats for Inventory Analyst

Gender

Female
47 %
Male
53 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 128 votes.
Less than 1 year
5%
1-4 years
51%
5-9 years
21%
10-19 years
16%
20 years or more
6%
ADVERTISEMENT
Location:
Years in Fields/Career:
United States (change)

Experience Affects Inventory Analyst Salaries

▲19%

▲10%

▲8%

National Average
$49,000

▼7%

Skills That Affect Inventory Analyst Salaries

Financial Analysis
▲25%

▲5%






National Average
$49,000


Microsoft Access
▼5%

Materials Requirement Planning (MRP)
▼7%

Purchasing
▼10%

Customer Service
▼10%

SAP Materials Management (SAP MM)
▼19%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 128 votes.

Gender

Female
47 %
Male
53 %

Years of Experience

Less than 1 year
5%
1-4 years
51%
5-9 years
21%
10-19 years
16%
20 years or more
6%

Common Health Benefits

medical benefits
Medical: 86%
dental benefits
Dental: 80%
vision benefits
Vision: 72%
no benefits
None: 12%
ADVERTISEMENT