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Inventory Analyst Salary (United States)

A relatively inexperienced group of workers, just below three-fifths of Inventory Analysts report fewer than five years of experience; the average pay for this group is around $49K per year. Cash earnings of Inventory Analysts can occasionally include $5K each in bonuses and profit sharing proceeds; this strong performance component causes pay grades to stretch from approximately $32K to almost $65K. Geography and years of experience each impact pay for this group, with the former having the largest influence. The greater part enjoy medical while a fair portion get dental coverage. Vision coverage is also available to more than half. Women are just slightly outnumbered, with male Inventory Analysts making up 55 percent of workers. Most Inventory Analysts like their work and job satisfaction is high. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.
Inventory Analyst Salary (?
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.
)
$36,101 - $64,895
(Median)
36K
42K
49K
56K
65K
MEDIAN: $48,612
10%
25%
50%
75%
90%
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Inventory Analyst Salary (?
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.
)
$11.99 - $23.25
(Median)
12
15
17
20
23
MEDIAN: $16.00
10%
25%
50%
75%
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
$36,101 - $64,895  
   
Bonus
$0.00 - $5,306  
Profit Sharing
$350.00 - $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).
)
$32,286 - $64,798  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 560
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
$11.99 - $23.25  
   
Overtime
$15.79 - $35.69  
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 - $5,306  
   
Profit Sharing
$350.00 - $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).
)
$32,286 - $64,798  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 175
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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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As Inventory Analysts transition into upper-level roles such as Demand Planner, they may see a strong upturn in salary. a Demand Planner typically earns $60K per year. An Inventory Manager role is the most prevalent career advancement for Inventory Analysts. Paychecks for that role are $44K on average. The Manufacturing Production Planner position is another common transition for Inventory Analysts; in this role, salaries are typically at the $49K mark.

Inventory Analyst Job Listings

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Popular Skills for Inventory Analyst

Survey results show that Inventory Analysts use a fair number of skills. Most notably, skills in Forecasting, Microsoft Excel, Data Analysis, and Inventory Management are correlated to pay that is above average. Skills that are correlated to lower pay, on the other hand, 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.
Inventory Analysts do not generally earn higher incomes from more experience in the field. Relatively untried employees who have less than five years' experience have a median salary of $45K. Those who have been around for five to 10 years can expect to take home more — $48K on average. For Inventory Analysts, 10 to 20 years of experience on the job amounts to an average salary of $49K. Old hands boasting more than twenty years of relevant experience report pay that is more or less commensurate with that extensive experience; average earnings for this group come out to approximately $53K. Between one and nine years of experience is the norm for people in this field — most of those surveyed fit this bill. Experienced employees who have 10-20 years of experience make up one in eight of the workforce; inexperienced individuals who have been working for less than one year comprise fewer than one in ten, and senior people with more than 20 years under their belt fill out the remaining less than 10 percent.

Pay Difference By Location

up arrow 22%
up arrow 17%
Chicago
up arrow 12%
New York
up arrow 6%
Philadelphia
up arrow 4%
Los Angeles
up arrow 2%
Dallas
up arrow 1%
National Average
$47,000
Cincinnati
up arrow 4%
Pittsburgh
up arrow 16%
Larger circles over a city indicate a job is popular in that location.
Home to some of the best pay for Inventory Analysts, Houston offers exceptional salaries, 22 percent above the national average. Other big spenders include Atlanta, Chicago, New York, and Philadelphia, top-paying cities where Inventory Analysts see paychecks higher than average (+17 percent, +12 percent, +6 percent, and +4 percent). Pittsburgh is home to the smallest salaries in the field, lagging the national average by 16 percent.

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

Microsoft Excel
up arrow 2%
Data Analysis
up arrow 2%
Inventory Management
up arrow 1%
Microsoft Access
up arrow 1%
National Average
$47,000
Inventory Control
up arrow 4%

Job Satisfaction

Highly satisfied Image
Highly satisfied
Rated 4 out of 5 based on 188 votes.

Gender

Female
45%
female alumni
 
Male
55%
male alumni

Years of Experience

Less than 1 year
7%
1-4 years
49%
5-9 years
25%
10-19 years
13%
20 years or more
7%

Common Health Benefits

medical benefits Medical: 88% dental benefits Dental: 80%
vision benefits Vision: 66% employee benefits None: 11%