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Inventory Analyst Salary

Inventory Analysts in the United States take home approximately $49K annually on average. Cash earnings for Inventory Analysts — including $6K in bonuses and $6K in profit sharing proceeds near the top of the pay scale — generally stretch from $33K to $65K depending on individual performance. Residence is the biggest factor affecting pay for this group, followed by years of experience. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to a majority. Male Inventory Analysts are just a bit more common among those who completed the questionnaire than females ones, with male workers composing 55 percent of the field. Job satisfaction is high and work is enjoyable for most Inventory Analysts. The information for this snapshot was generated by responses to the PayScale salary survey.
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$36,746 - $65,479
(Median)
$37K
$49K
$65K
MEDIAN: $48,855
10%
50%
90%

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$12.06 - $23.46
(Median)
$12
$17
$23
MEDIAN: $16.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$22K$44K$66K
Salary
$36,746 - $65,479  
   
Bonus
$0.00 - $5,872  
Profit Sharing
$250.00 - $5,522  
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).
)
$32,556 - $65,496  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 579
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$12$24$36
Hourly Rate
$12.06 - $23.46  
   
Overtime
$16.80 - $35.88  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$24K$48K$72K
Bonus
$0.00 - $5,872  
   
Profit Sharing
$250.00 - $5,522  
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).
)
$32,556 - $65,496  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 175
United States (change)

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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While Inventory Analysts do not often become Senior Financial Analysts, the job pays $74K per year on average. An Inventory Manager role is the most common promotion for Inventory Analysts moving up the ladder. Pay for this role tends to be $44K per year. Another typical, albeit less common, transition for Inventory Analysts is a Manufacturing Production Planner position, where earnings are usually $49K.

Inventory Analyst Job Listings

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Popular Skills for Inventory Analyst


Survey results imply that Inventory Analysts put a diverse skill set to use. Most notably, skills in Forecasting, Microsoft Excel, Data Analysis, and Inventory Management are correlated to pay that is above average. Skills that seem to negatively impact pay include Inventory Control. Most people experienced in 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.


Inventory Analysts with more experience do not necessarily bring home bigger paychecks. In fact, experience in this field tends to impact compensation minimally. Salaries for inexperienced workers average out to $48K, and those with five to 10 years' experience earn a higher median of $46K. Inventory Analysts who work for 10 to 20 years in their occupation tend to earn about $49K. In the end, more experience does seem to mean larger paychecks; seasoned Inventory Analysts with more than 20 years of experience earn a predictably higher median salary of $53K.

Pay Difference by Location


Home to some of the best pay for Inventory Analysts, San Francisco offers exceptional salaries, 38 percent above the national average. Inventory Analysts can also look forward to large paychecks in cities like Houston (+17 percent), Atlanta (+17 percent), Los Angeles (+14 percent), and Chicago (+11 percent). Trailing the national average by 15 percent, Pittsburgh is the market with the smallest paychecks. Employers also pay below the national average in Dallas (6 percent lower) and Cincinnati (5 percent lower).

Inventory Analyst Reviews

What is it like working as an Inventory Analyst?

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

Experience Affects Inventory Analyst Salaries




National Average
$47,000


Skills That Affect Inventory Analyst Salaries


Microsoft Excel
up arrow 1%

Data Analysis
0%

Inventory Management
0%

National Average
$47,000

Microsoft Access
up arrow 1%

Inventory Control
up arrow 4%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 182 votes.

Gender

Female
45 %
Male
55 %

Years of Experience

Less than 1 year
6%
1-4 years
49%
5-9 years
24%
10-19 years
14%
20 years or more
7%

Common Health Benefits

medical benefits Medical: 88% dental benefits Dental: 79%
vision benefits Vision: 65% employee benefits None: 11%