Inventory Analyst Salary (United States)

56 percent of Inventory Analysts report less than five years' experience, making for a field full of relatively fresh workers who earn around $46,748 annually on average. Pay generally spreads from $32,286 to $64,798 per year. Total cash compensation to Inventory Analysts varies from $32,286 to $64,798; higher pay grades include potential for bonuses and profit sharing as high as $5,306 each. Residency is the biggest factor affecting pay for this group, followed by years of experience. A strong majority enjoy medical while a solid majority get dental coverage in this occupation. Vision coverage is also available to more than half. Men make up a slight majority of Inventory Analysts (55 percent). Job satisfaction is high and work is enjoyable for most Inventory Analysts. This snapshot results from replies to PayScale's salary survey.
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  
PayScale
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  
PayScale
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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Additional career progression can lead to a hefty increase in pay for Inventory Analysts. At the upper end, those who move into a Demand Planner role can bring in an extra $12,935 per year. More often than not, an Inventory Manager role is the next step for Inventory Analysts moving up in the field, a transition which actually results in a $3,034 pay cut. Many Inventory Analysts choose to take on a Manufacturing Production Planner role instead, where salaries typically go up by $2,380.

Inventory Analyst Job Listings

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Popular Skills for Inventory Analyst

Overall, survey participants reported applying a fair number of skills to their work. Those who have experience with Forecasting can expect to be compensated well for these skills, typically earning 5 percent more than the national average, respectively. At the other end of the pay range are skills like Inventory Control. Most people skilled in Data Analysis are similarly competent in Inventory Management.

Pay by Experience Level for Inventory Analyst

Median of all compensation (including tips, bonus, and overtime) by years of experience.
For Inventory Analysts, level of experience is overall a somewhat less important part of the salary calculation—more experience does not yield dramatically higher pay—and pay raises are largely incremental. After five to 10 years, the typical starting salary of $45K climbs to $48K. Those with one to two decades of experience under their belt tend to see salaries around $49K. Wages do not stop growing after 20 years on the job but they do accelerate at a slower rate, and Inventory Analysts tend to earn $53K at this point in time. Experienced employees who have 10-20 years of experience make up 13 percent of the workforce; inexperienced individuals who have been working for less than one year comprise 7 percent, and senior people with more than 20 years under their belt fill out the remaining 7 percent. Between one and nine years of experience is the norm for people in this field—most of those surveyed fit this bill.

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.
For Inventory Analysts, busy Houston offers a higher-than-average pay rate, 22 percent above the national average. Those in search of high salaries should also consider checking out cities like Atlanta, Chicago, New York, and Philadelphia, top-paying markets where Inventory Analysts rake in more than the national norm (+17 percent, +12 percent, +6 percent, and +4 percent). The lowest-paying market is Pittsburgh, which sits 16 percent below the national average.

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

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%
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