An average Inventory Manager in the United States can expect to take home roughly $50K per year. The range in cash compensation to Inventory Managers (largely between $27K and $76K) includes potential earnings of $12K from bonuses, $9K from profit sharing, and commissions of $30K in exceptional cases. The company is the biggest factor affecting pay for this group, followed by the particular city and tenure. One-fourth of professionals in this line of work do not receive benefits; however, a fair number report medical coverage and the greater part claim dental coverage as well. Male Inventory Managers who responded to the survey are more common than women; more than half (65 percent) are men. The majority of Inventory Managers claim high levels of job satisfaction. This report is based on answers to PayScale's salary questionnaire.
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$33,150 - $81,825
$33K
$50K
$82K
MEDIAN: $50,264
10%
50%
90%

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$10.79 - $20.60
$11
$15
$21
MEDIAN: $14.65
10%
50%
90%

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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$28K$56K$84K
Salary
$33,150 - $81,825  
   
Bonus
$613 - $12,151  
Profit Sharing
$309.13 - $8,726  
Commission
$-0.50 - $29,799  
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).
)
$27,111 - $75,624  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 815
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$13$26$39
Hourly Rate
$10.79 - $20.60  
   
Hourly Tips
$1.07  
Overtime
$15.57 - $30.10  
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$26K$52K$78K
Bonus
$613 - $12,151  
   
Commission
$-0.50 - $29,799  
Profit Sharing
$309.13 - $8,726  
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).
)
$27,111 - $75,624  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 503

Find Out Exactly What You Should Be Paid

United States (change)

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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

  • Implement and execute an inventory replenishment system ensuring proper levels of stock.
  • Act as a liaison between departments and buyers and determine obsolete stock while optimizing inventory turnover.
  • Maintain accurate inventory counts throughout.

Common Career Paths for Inventory Manager


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Inventory Managers do not often transition into Supply Chain Manager roles. The role averages $82K per year. Inventory Managers most often move into positions as Inventory Control Managers or Purchasing Managers; those groups report median salaries that are $2K higher and $5K higher, respectively.

Inventory Control Manager Job Listings

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Popular Employer Salaries for Inventory Manager


Inventory Managers in search of the best pay head to Sears Holdings Corporation, where the median salary rolls in at $78K. Although pay is top-notch overall, it does seem to be curbed at $100K, which isn't dramatically higher than the lower-end figure of $67K.

Popular Skills for Inventory Manager


Inventory Managers report using a deep pool of skills on the job. Most notably, facility with Data Analysis, Logistics, and Materials Requirement Planning (MRP) are correlated to pay that is significantly above average, leading to increases of 23 percent, 17 percent, and 13 percent, respectively. Skills that pay less than market rate include Organizing and Organizational Development. Most people familiar with Inventory Control also know Microsoft Excel.

Pay by Experience Level for Inventory Manager

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


Survey participants with less than five years' experience pocket $37K on average, but those with five to 10 years of experience enjoy a much bigger median of $47K. Inventory Managers bring in $51K after working for 10 to 20 years. Individuals who have achieved more than 20 years of experience don't seem to earn any more than people who have 10 to 20 years under their belts.

Pay Difference by Location

National Average: $42,805

Larger city markers indicate a job is popular in that location.

Surpassing the national average by 80 percent, Inventory Managers in San Francisco receive some of the highest pay in the country. Inventory Managers will also find cushy salaries in Charlotte (+80 percent), Los Angeles (+37 percent), Chicago (+35 percent), and Atlanta (+30 percent). Place of residence plays a huge part in an Inventory Manager's salary, with San Antonio Inventory Managers earning salaries that are 23 percent less than the national average. Employers also pay below the national average in Orlando (15 percent lower) and Phoenix (6 percent lower).

Inventory Manager Reviews

Q: What is it like working as an Inventory Manager?

Inventory Manager in Warminster:
"Inventory manager that does it all."
Pros: I am always helping others out, as well as completing my own work.
Cons: People use me and boss me around and j don't get overtime but my pay can be cut if I'm short hoursz.

Inventory Manager in Jacksonville:
Pros: I love talking to people and making customer's automotive dreams come to life. I also enjoy building my network with other dealerships.
Cons:

Inventory Manager in San Francisco:
Pros: Fast paced environment. Problem to problem and I get to solve it. No body on my neck most of the time.
Cons: People expect things from me, ask me a lot of questions and my managers do not understand that I have a lot on my table.

Inventory Manager in Denver:
"Inventory Manager."
Pros: Learning new things.
Cons: No set system. Disorganized.

Related Job Salaries

Key Stats for Inventory Manager

Gender

Female
35 %
Male
65 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 220 votes.
040
Less than 1 year
3%
1-4 years
41%
5-9 years
24%
10-19 years
22%
20 years or more
10%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Inventory Manager Salaries




National Average
$43,000


Skills That Affect Inventory Manager Salaries

Data Analysis
up arrow 23%

Logistics
up arrow 17%



Operations Management
up arrow 6%



Order Inventory
0%

National Average
$43,000


Microsoft Office
up arrow 2%


Shipping
up arrow 3%

Organizational Development
up arrow 16%

Organizing
up arrow 17%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 220 votes.

Gender

Female
35 %
Male
65 %

Years of Experience

Less than 1 year
3%
1-4 years
41%
5-9 years
24%
10-19 years
22%
20 years or more
10%

Common Health Benefits

medical benefits
Medical: 73%
dental benefits
Dental: 59%
vision benefits
Vision: 47%
dental benefits
None: 25%
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