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Inventory Analyst Salary

The median pay for Inventory Analysts comes out to approximately $49K annually in the United States, but employers in San Francisco offer the most; the average salary in that city is around $64K. Inventory Analysts can also look forward to large paychecks in cities like Atlanta (+20 percent), Chicago (+18 percent), Houston (+16 percent), and Los Angeles (+13 percent). The data for this synopsis comes from respondents who took the PayScale salary survey.
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$36,879 - $65,509
(Median)
$37K
$49K
$66K
MEDIAN: $49,133
10%
50%
90%

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$12.14 - $23.39
(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
$36,879 - $65,509  
   
Bonus
$0.00 - $5,905  
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).
)
$32,267 - $65,503  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 625
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
$12.14 - $23.39  
   
Overtime
$17.52 - $35.81  
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 - $5,905  
   
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).
)
$32,267 - $65,503  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 197

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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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Though some Inventory Analysts move into positions like Senior Financial Analyst (where the average salary is $74K), this progression is not the norm. Becoming an Inventory Manager is, more often than not, the most common role that Inventory Analysts move into when they're ready for the next step in their career. A median salary for an Inventory Manager is $44K. Another frequent advance is for Inventory Analysts to assume a Manufacturing Production Planner role; in this role, workers often take home $49K.

Inventory Analyst Job Listings

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Popular Employer Salaries for Inventory Analyst


Popular Skills for Inventory Analyst


Survey results show that Inventory Analysts use a fair number of skills. Most notably, skills in Forecasting, Data Analysis, Inventory Management, and Microsoft Excel are correlated to pay that is above average. Skills that pay less than market rate include Inventory Control. It is often found that people who know Data Analysis are also skilled in Inventory Management.

Pay by Experience Level for Inventory Analyst

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


Experience and pay tend to be weakly linked for Inventory Analysts — those with more experience do not necessarily bring in higher earnings. People who have worked for fewer than five years bring home $46K on average. Median compensation in the five-to-10 year group, however, is higher at approximately $49K. After working for 10 to 20 years, Inventory Analysts make a median salary of $50K. Survey participants who have spent more than 20 years on the job report a predictably higher median income of $53K, demonstrating that compensation is roughly commensurate with experience in the end.

Pay Difference by Location

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

United States (change)

Experience Affects Inventory Analyst Salaries




National Average
$48,000


Skills That Affect Inventory Analyst Salaries


Data Analysis
up arrow 1%

Inventory Management
up arrow 1%

Microsoft Excel
0%

National Average
$48,000

Microsoft Access
up arrow 2%


Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 163 votes.

Gender

Female
43 %
Male
57 %

Years of Experience

Less than 1 year
7%
1-4 years
49%
5-9 years
23%
10-19 years
14%
20 years or more
6%

Common Health Benefits

medical benefits Medical: 87% dental benefits Dental: 79%
vision benefits Vision: 66% employee benefits None: 11%
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