Inventory Analyst Salary

Average Inventory Analysts in the United States make around $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. Residence is the main element affecting pay for this group — the company and experience level are driving factors as well. A large number report receiving medical coverage from their employers and a fair number collect dental insurance. For the most part, Inventory Analysts enjoy their work and report high levels of job satisfaction. Male Inventory Analysts are just a bit more common among those who completed the questionnaire than females ones, with male workers composing 59 percent of the field. Figures cited in this summary are based on replies to PayScale's salary questionnaire.
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$37,123 - $65,701

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$12.41 - $23.16

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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$22K$44K$66K
Salary
$37,123 - $65,701  
   
Bonus
$0.00 - $5,521  
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).
)
$32,280 - $65,413  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 653
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
$12.41 - $23.16  
   
Overtime
$17.89 - $35.56  
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 - $5,521  
   
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).
)
$32,280 - $65,413  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 213
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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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Though some Inventory Analysts move into positions like Senior Financial Analyst (where the average salary is $75K), this progression is not the norm. The most common career progression for Inventory Analysts leads to becoming an Inventory Manager, where pay is typically $43K. However, many Inventory Analysts also opt to become Manufacturing Production Planners, a position that pays $49K on average.

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. 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. It is often found that people who know Data Analysis are 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. The average inexperienced worker earns $46K, and someone who has worked for five to 10 years can expect a bigger median salary of $49K. For Inventory Analysts, 10 to 20 years of experience on the job amounts to an average salary of $50K. 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 $55K.

Pay Difference by Location


With a pay rate for Inventory Analysts that is 34 percent greater than the national average, San Francisco offers a comfortable salary for those in this profession. Inventory Analysts will also find cushy salaries in Atlanta (+21 percent), Chicago (+20 percent), Houston (+14 percent), and Los Angeles (+14 percent). Trailing the national average by 10 percent, Pittsburgh is the market with the smallest paychecks. A couple other locations with smaller-than-average paychecks include Memphis (7 percent lower) and San Diego (2 percent lower).

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 148 votes.

Gender

Female
41 %
Male
59 %

Years of Experience

Less than 1 year
7%
1-4 years
48%
5-9 years
24%
10-19 years
14%
20 years or more
6%

Common Health Benefits

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