Inventory Analyst Salary

Earnings for Inventory Analysts in the United States come in at around $50K annually on average. With some bonuses approaching $6K and certain profit sharing proceeds approaching $5K, overall incomes of Inventory Analysts spread between $32K and $66K depending on individual performance. This group's pay is mainly influenced by the particular firm, followed by geography and tenure. The majority of workers are highly satisfied with their job. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to the larger part. Women are just slightly outnumbered, with male Inventory Analysts making up 58 percent of survey respondents. The figures in this rundown are based on the results of PayScale's salary questionnaire.
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$38,422 - $66,401
(Median)
$38K
$50K
$66K
MEDIAN: $49,791
10%
50%
90%

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$12.12 - $23.14
(Median)
$12
$17
$23
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$23K$46K$69K
Salary
$38,422 - $66,401  
   
Bonus
$0.00 - $5,928  
Profit Sharing
$295.90 - $4,920  
Commission
$7,175  
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).
)
$32,485 - $66,230  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 747
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
$12.12 - $23.14  
   
Overtime
$16.56 - $34.91  
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
$0.00 - $5,928  
   
Commission
$7,175  
Profit Sharing
$295.90 - $4,920  
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).
)
$32,485 - $66,230  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 259
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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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Inventory Analysts' salaries may rise greatly for those who assume a higher-end position such as a Senior Financial Analyst. The average Senior Financial Analyst brings home $75K per year. Inventory Analysts most frequently advance into Buyer and Inventory Manager roles even though the median salaries are $1K lower and $4K lower, respectively.

Inventory Analyst Job Listings

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Popular Employer Salaries for Inventory Analyst


Those at The Home Depot Inc. can expect to make the most, with the company offering a median salary of $66K.

Popular Skills for Inventory Analyst


Survey results suggest that Inventory Analysts put a wide range of professional skills to use. Most notably, skills in Microsoft Office, Forecasting, Data Analysis, and Inventory Management are correlated to pay that is above average. Skills that seem to negatively impact pay include Inventory Control. Those proficient in Data Analysis are, more often than not, 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. Workers with less than five years' experience earn around $46K on average, and those who have five to 10 years under their belts see a higher median salary of $50K. People with 10 to 20 years of experience make an average of about $51K in this role. 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 $57K.

Pay Difference by Location

National Average: $47,783

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

Home to some of the best pay for Inventory Analysts, San Francisco offers exceptional salaries, 33 percent above the national average. Inventory Analysts can also look forward to large paychecks in cities like Atlanta (+22 percent), Chicago (+21 percent), Minneapolis (+13 percent), and Houston (+12 percent). Trailing the national average by 5 percent, Nashville is the market with the smallest paychecks. Employers in Philadelphia and Memphis also lean toward paying below-median salaries (2 percent less).

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.

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Experience Affects Inventory Analyst Salaries




National Average
$48,000


Skills That Affect Inventory Analyst Salaries

Microsoft Office
up arrow 9%


Data Analysis
up arrow 2%

Inventory Management
up arrow 1%

National Average
$48,000

Microsoft Excel
up arrow 1%

Microsoft Access
up arrow 2%

SAP Enterprise Resource Planning (ERP)
up arrow 2%

Inventory Control
up arrow 4%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 159 votes.

Gender

Female
42 %
Male
58 %

Years of Experience

Less than 1 year
7%
1-4 years
49%
5-9 years
23%
10-19 years
15%
20 years or more
6%

Common Health Benefits

medical benefits
Medical: 86%
dental benefits
Dental: 78%
medical benefits
Vision: 68%
dental benefits
None: 12%
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