Median pay for Inventory Analysts in the United States is around $52K per year. With some bonuses approaching $6K and certain profit sharing proceeds approaching $5K, overall incomes of Inventory Analysts spread between $33K and $68K depending on individual performance. Earnings for this group are mostly affected by geography, followed by the company and experience level. Men make up a slight majority of Inventory Analysts (58 percent) who responded to the survey. Job satisfaction for Inventory Analysts is high. A large number report receiving medical coverage from their employers and most collect dental insurance. The figures in this rundown are based on the results of PayScale's salary questionnaire.
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$39,418 - $69,034
(Median)
$39K
$52K
$69K
MEDIAN: $51,926
10%
50%
90%

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$12.21 - $23.74
(Median)
$12
$17
$24
MEDIAN: $16.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$24K$48K$72K
Salary
$39,418 - $69,034  
   
Bonus
$410.84 - $6,215  
Profit Sharing
$970 - $4,637  
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).
)
$32,515 - $67,822  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 579
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$12$24$36
Hourly Rate
$12.21 - $23.74  
   
Overtime
$19.19 - $34.69  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$24K$48K$72K
Bonus
$410.84 - $6,215  
   
Profit Sharing
$970 - $4,637  
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).
)
$32,515 - $67,822  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 237

Find Out Exactly What You Should Be Paid

United States (change)

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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.

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Inventory Analyst Tasks

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

Common Career Paths for Inventory Analyst


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At the upper end, Inventory Analysts who move into a Demand Planning Manager role can end up with a hefty increase in pay. The average income for Demand Planning Managers is a much higher $88K per year. A lot of Inventory Analysts advance their careers by becoming Inventory Managers and Buyers. However, those positions offer $6K less and $2K less per year on average.

Inventory Analyst Job Listings

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Popular Employer Salaries for Inventory Analyst


The Home Depot Inc. attracts talent by shelling out the biggest paychecks in the area — the median in that office is $63K.

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 28 percent and 5 percent, respectively. Skills that pay less than market rate include Purchasing, Customer Service, and Materials Requirement Planning. Most people who know Data Analysis also know Inventory Management.

Pay by Experience Level for Inventory Analyst

Median of all compensation (including tips, bonus, and overtime) by years of experience.


For Inventory Analysts, experience does not seem to be a major factor in determining pay. The average worker who claims fewer than five years of experience earns around $46K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $52K. On average, Inventory Analysts make $53K following one to two decades on the job. After two decades in the workforce, the average Inventory Analyst generally earns more than ever; median pay for this group is estimated at $58K.

Pay Difference by Location

National Average: $48,753

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

For those looking to make money, Inventory Analysts in San Francisco enjoy an exceptional pay rate, 30 percent above the national average. Inventory Analysts will also find cushy salaries in Chicago (+20 percent), New York (+17 percent), Memphis (+13 percent), and Atlanta (+12 percent). The lowest-paying market is Pittsburgh, which sits 13 percent below the national average. Richmond and Nashville are a couple other places where companies are known to pay below the median — salaries are 7 percent lower and 5 percent lower, respectively.

Inventory Analyst Reviews

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 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.

Related Job Salaries

Location:
Years in Fields/Career:
United States (change)

Experience Affects Inventory Analyst Salaries




National Average
$49,000


Skills That Affect Inventory Analyst Salaries

Financial Analysis
up arrow 28%


Data Analysis
up arrow 3%

Inventory Management
up arrow 2%

Microsoft Office
up arrow 2%

Microsoft Excel
up arrow 1%

SAP Enterprise Resource Planning (ERP)
up arrow 1%

National Average
$49,000

Inventory Control
up arrow 3%

Microsoft Access
up arrow 4%

Materials Requirement Planning (MRP)
up arrow 7%

Purchasing
up arrow 9%

Customer Service
up arrow 9%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 107 votes.

Gender

Female
42 %
Male
58 %

Years of Experience

Less than 1 year
6%
1-4 years
49%
5-9 years
23%
10-19 years
15%
20 years or more
6%

Common Health Benefits

medical benefits
Medical: 87%
dental benefits
Dental: 80%
medical benefits
Vision: 72%
dental benefits
None: 11%
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