Inventory Manager Salary

The average salary for an Inventory Manager is $50,771 per year. The highest paying skills associated with this job are People Management and Materials Requirement Planning (MRP). People in this job generally don't have more than 20 years' experience.
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$32,263 - $81,376
(Median)
$32K
$51K
$81K
MEDIAN: $50,771
10%
50%
90%

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$10.31 - $20.42
(Median)
$10
$14
$20
MEDIAN: $14.00
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
$32,263 - $81,376  
   
Bonus
$0.00 - $10,037  
Profit Sharing
$289.06 - $7,073  
Commission
$4,800  
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).
)
$26,855 - $78,824  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 1,119
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$14$28$42
Hourly Rate
$10.31 - $20.42  
   
Hourly Tips
$1.07  
Overtime
$15.19 - $31.10  
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$28K$56K$84K
Bonus
$0.00 - $10,037  
   
Commission
$4,800  
Profit Sharing
$289.06 - $7,073  
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).
)
$26,855 - $78,824  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 542
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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 Control Manager Job Listings

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Popular Employer Salaries for Inventory Manager

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

National Average: $43,721

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

Inventory Manager Reviews

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.

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.

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Experience Affects Inventory Manager Salaries




National Average
$44,000


Skills That Affect Inventory Manager Salaries

People Management
up arrow 22%


Operations Management
up arrow 6%

Microsoft Excel
up arrow 2%

Purchasing
up arrow 2%

National Average
$44,000

Inventory Management
up arrow 2%



Shipping
up arrow 16%

Organizing
up arrow 19%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 295 votes.

Gender

Female
34 %
Male
66 %

Years of Experience

Less than 1 year
3%
1-4 years
38%
5-9 years
26%
10-19 years
22%
20 years or more
11%

Common Health Benefits

medical benefits
Medical: 76%
dental benefits
Dental: 63%
medical benefits
Vision: 48%
dental benefits
None: 21%
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