Inventory Analyst Salary

Inventory Analysts in the United States can expect to earn an average of $49K per year. Total cash compensation to Inventory Analysts approaches anywhere from $32K on the lower end to $65K on the higher end; in exceptional cases, this can include more than $6K from bonuses and upwards of $5K from profit sharing. Compensation for this group is mainly affected by location, but the company and years of experience are influential factors as well. A large number enjoy medical while a fair number get dental coverage. Vision coverage is also available to the greater part. Job satisfaction is high and work is enjoyable for most Inventory Analysts. Women are just slightly outnumbered, with male Inventory Analysts making up 58 percent of survey respondents. This report is based on answers to PayScale's salary questionnaire.
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$37,003 - $65,523
(Median)
$37K
$49K
$66K
MEDIAN: $49,202
10%
50%
90%

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$12.48 - $23.19
(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
$37,003 - $65,523  
   
Bonus
$0.00 - $5,865  
Profit Sharing
$250.00 - $4,957  
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).
)
$32,260 - $65,344  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 642
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
$12.48 - $23.19  
   
Overtime
$17.86 - $35.61  
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 - $5,865  
   
Profit Sharing
$250.00 - $4,957  
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).
)
$32,260 - $65,344  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 211
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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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There are some Inventory Analysts — though it's uncommon — that transition into Senior Financial Analysts, where earnings are an average $75K annually. An Inventory Manager role is the most common promotion for Inventory Analysts moving up the ladder. Pay for this role tends to be $43K 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 suggest that Inventory Analysts put a wide range of professional skills to use. Most notably, skills in Forecasting, Data Analysis, Inventory Management, and Microsoft Excel are correlated to pay that is above average. Skills that are correlated to lower pay, on the other hand, include Inventory Control. Those familiar with Data Analysis also tend to 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 a lot of experience do not necessarily enjoy more money. Those who have worked for fewer than five years take home a median salary of $46K, and workers with five to 10 years of experience earn a higher $49K on average. After working for 10 to 20 years, Inventory Analysts make a median salary of $50K. Veterans who have worked for more than two decades do tend to make the most in the end; the median pay for this group is $55K.

Pay Difference by Location


For Inventory Analysts, busy San Francisco offers a higher-than-average pay rate, 34 percent above the national average. Inventory Analysts will also find cushy salaries in Atlanta (+23 percent), Chicago (+20 percent), Houston (+13 percent), and Dallas (+10 percent). With compensation 13 percent below the national average, Memphis is not known for hefty paychecks and actually represents the lowest-paying market. Workers in Pittsburgh and San Diego earn salaries that trail the national average for those in this profession (10 percent less and 2 percent less, respectively).

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
$47,000


Skills That Affect Inventory Analyst Salaries

Forecasting
up arrow 4%

Data Analysis
up arrow 1%

Microsoft Excel
0%

Inventory Management
0%

National Average
$47,000

Microsoft Access
up arrow 2%


Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 149 votes.

Gender

Female
42 %
Male
58 %

Years of Experience

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

Common Health Benefits

medical benefits Medical: 87% dental benefits Dental: 78%
vision benefits Vision: 66% employee benefits None: 11%
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