Inventory Analyst Salary

An average Inventory Analyst in the United States can expect to take home roughly $49K annually. Cash earnings for Inventory Analysts — which occasionally include more than $6K from bonuses and more than $5K from profit sharing — stretch from around $32K to approximately $65K. While the specific employer and experience level impact pay for this group, location is the most influential factor. Medical benefits are awarded to most, and a strong majority earn dental coverage. Men working as Inventory Analysts who took the survey just slightly outnumber women at 58 percent. For the most part, Inventory Analysts enjoy their work and report high levels of job satisfaction. The data in this summary comes from the PayScale salary survey.
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$36,983 - $65,543
(Median)
$37K
$49K
$66K
MEDIAN: $49,202
10%
50%
90%

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$12.39 - $23.20
(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
$36,983 - $65,543  
   
Bonus
$0.00 - $5,877  
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).
)
$32,299 - $65,354  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 640
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
$12.39 - $23.20  
   
Overtime
$17.84 - $35.66  
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 - $5,877  
   
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).
)
$32,299 - $65,354  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 210
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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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It's not very common for Inventory Analysts to move on to become Senior Financial Analysts. Average pay for a Senior Financial Analyst is $75K annually. 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 $43K. 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. At the other end of the pay range are skills like Inventory Control. Those educated in Data Analysis tend to be well versed in Inventory Management.

Pay by Experience Level for Inventory Analyst

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


For many Inventory Analysts, extensive experience does not lead to significantly more money. 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. Inventory Analysts bring in $50K after working for 10 to 20 years. In the end, the overall pattern seems to be that more experience generally corresponds to higher pay; an Inventory Analyst with more than 20 years of experience can earn $55K on average.

Pay Difference by Location


San Francisco offers some of the highest pay in the country for Inventory Analysts, 34 percent above the national average. Inventory Analysts can also look forward to large paychecks in cities like Atlanta (+23 percent), Chicago (+20 percent), Houston (+14 percent), and Dallas (+11 percent). Memphis is home to the smallest salaries in the field, lagging the national average by 13 percent. Pittsburgh and San Diego are a couple other places where companies are known to pay below the median — salaries are 10 percent lower and 2 percent lower, 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 150 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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