Inventory Control Specialist Salary
Job Description for Inventory Control Specialist
Inventory control specialists are in charge of managing product or company resources. They enter data on parts held by the company and those shipped to other organizations into relevant databases . They must also recognize and resolve quantity discrepancies, make quantity reports, create request tickets as needed, and prepare extensive quantitative statements that help with inventory control duties. They participate in company meetings and provide recommendations on how to make inventory control responsibilities more efficient. The inventory control specialists may help with training new staff members as well.Read More...
Inventory control specialists may work in a production plant environment or in an office setting depending on the company needs. They follow strict safety rules and wear appropriate uniform and footwear. One of their main tools include a personal computer to record inventory items and access to company databases to enter updates. These specialists report to the inventory team leader in their department.
A high school degree or equivalent is needed for this position. Relevant industry certifications, and previous experience in a similar position may also be preferred. Inventory control specialists must have the necessary mathematical abilities to analyze and process resource allocation. They also must also work well independently and in a team environment, as well as be proficient in the use of basic office software, such as Microsoft Excel.
Inventory Control Specialist Tasks
- Assess and monitor warehouse transactions.
- Track inventory maintenance and control equipment flow.
- Submit annual budget reports, ensure financial standards, and resolve issues.
- Act as liaison between the warehouse and customer service.
Common Career Paths for Inventory Control Specialist
Inventory Control Specialists' salaries may rise greatly for those who assume a higher-end position such as a Materials Manager. The average Materials Manager brings home $67K per year. The most common career progression for Inventory Control Specialists leads to becoming an Inventory Specialist, where pay is typically $32K. However, many Inventory Control Specialists also opt to become Inventory Control Managers, a position that pays $45K on average.
Inventory Control Specialist Job Listings
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Popular Employer Salaries for Inventory Control Specialist
Apple Computer, Inc pays the most with a median salary of $34K, though with a large amount of variation, going from a low of $23K to a high of $45K.
Wal-Mart Stores, Inc offers the lowest pay in the field with a median salary of just $21K. There's also little variation in pay at the company, with pay ranging from $17K to $29K.
Popular Skills for Inventory Control Specialist
Overall, survey participants reported applying a fair number of skills to their work. Most notably, facility with Materials Requirement Planning, Purchasing, and Quality Assurance / Quality Control are correlated to pay that is significantly above average, leading to increases of 39 percent, 10 percent, and 9 percent, respectively. Most people who know Cycle Count also know Inventory Management and Microsoft Excel.
Pay by Experience Level for Inventory Control Specialist
Median of all compensation (including tips, bonus, and overtime) by years of experience.
For Inventory Control Specialists, more experience in the field does not usually mean bigger paychecks. Salaries for the relatively untried average out to around $32K, but survey participants with five to 10 years of experience earn a significantly higher median of $37K. People with 10 to 20 years of experience make an average of about $39K in this role. As Inventory Control Specialists reach more than two decades on the job, compensation remains commensurate with experience; the average pay in this group is $42K.
Pay Difference by Location
Seattle is home to an above-average pay rate for Inventory Control Specialists, 26 percent higher than the national average. Inventory Control Specialists can also look forward to large paychecks in cities like Minneapolis (+23 percent), Louisville (+12 percent), San Diego (+10 percent), and Tulsa (+8 percent). The lowest-paying market is Dallas, which sits 18 percent below the national average. Two other places where employers offer below-median salaries are Columbus (13 percent less) and Phoenix (2 percent less).