Inventory Manager Salary (United States)

The average salary for an Inventory Manager is $50,713 per year. A skill in Materials Requirement Planning (MRP) is associated with high pay for this job. Most people move on to other jobs if they have more than 20 years' experience in this career.
Inventory Manager 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.
)
$31,562 - $78,949
(Median)
32K
51K
65K
79K
MEDIAN: $50,712
10%
50%
75%
90%
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Inventory Manager 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.
)
$10.05 - $20.32
(Median)
10
14
17
20
MEDIAN: $13.00
10%
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$27K$54K$81K
Salary
$31,562 - $78,949  
   
Bonus
$0.00 - $9,761  
Profit Sharing
$244.68 - $7,047  
Commission
$0.33 - $17,687  
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).
)
$26,547 - $79,495  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 817
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$14$28$42
Hourly Rate
$10.05 - $20.32  
   
Overtime
$14.22 - $31.23  
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$28K$56K$84K
Bonus
$0.00 - $9,761  
   
Commission
$0.33 - $17,687  
Profit Sharing
$244.68 - $7,047  
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).
)
$26,547 - $79,495  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 321
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Job Description for Inventory Manager

An inventory manager controls the inventory of materials or goods for a company. This includes keeping accurate account of all inventory on hand, as well as ordering additional inventory to meet the needs of the business. The inventory manager decides whether a product needs to have additional stock in the warehouse or if it can be ordered on an as-needed basis. The inventory manager is also responsible for hiring and managing inventory clerks to assist them.
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Inventory Manager Tasks
  • Maintain accurate inventory counts throughout.
  • Act as a liaison between departments and buyers and determine obsolete stock while optimizing inventory turnover.
  • Implement and execute an inventory replenishment system ensuring proper levels of stock.

Common Career Paths for Inventory Manager

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Inventory Manager Job Listings

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Popular Skills for Inventory Manager

Pay by Experience Level for Inventory Manager

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

Pay Difference By Location

Chicago
up arrow 38%
up arrow 37%
Dallas
up arrow 34%
Columbus
up arrow 34%
Cleveland
up arrow 31%
up arrow 27%
San Diego
up arrow 25%
up arrow 12%
Tulsa
up arrow 12%
Miami
up arrow 9%
Los Angeles
up arrow 2%
National Average
$44,000
Nashville
up arrow 7%
up arrow 13%
Portland
up arrow 16%
San Antonio
up arrow 27%
Larger circles over a city indicate a job is popular in that location.

Inventory Manager Reviews

What is it like working as an Inventory Manager?
Inventory Manager in Denver:
"Inventory Manager."
Pros: Learning new things.
Cons: No set system. Disorganized.

Related Job Salaries

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Experience Affects Inventory Manager Salaries

National Average
$44,000

Skills That Affect Inventory Manager Salaries

Operations Management
up arrow 4%
National Average
$44,000
Inventory Management
up arrow 1%
Purchasing
up arrow 2%

Job Satisfaction

Highly satisfied Image
Highly satisfied
Rated 4 out of 5 based on 287 votes.

Gender

Female
38%
female alumni
 
Male
62%
male alumni

Years of Experience

Less than 1 year
4%
1-4 years
37%
5-9 years
29%
10-19 years
21%
20 years or more
10%

Common Health Benefits

medical benefits Medical: 77% dental benefits Dental: 65%
vision benefits Vision: 48% employee benefits None: 21%