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Inventory Manager Salary

An Inventory Manager earns an average salary of $50,703 per year. A skill in Materials Requirement Planning (MRP) is associated with high pay for this job. People in this job generally don't have more than 20 years' experience. Experience has a moderate effect on income for this job.
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$31,725 - $79,799
(Median)
$32K
$51K
$80K
MEDIAN: $50,703
10%
50%
90%

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$10.08 - $20.44
(Median)
$10
$14
$20
MEDIAN: $14.00
10%
50%
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
$31,725 - $79,799  
   
Bonus
$0.00 - $9,756  
Profit Sharing
$201.34 - $7,047  
Commission
$500 - $19,000  
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).
)
$26,594 - $79,748  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 883
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
$10.08 - $20.44  
   
Overtime
$14.58 - $31.40  
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 - $9,756  
   
Commission
$500 - $19,000  
Profit Sharing
$201.34 - $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).
)
$26,594 - $79,748  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 354
United States (change)

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 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

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

Experience Affects Inventory Manager Salaries




National Average
$44,000


Skills That Affect Inventory Manager Salaries


Operations Management
up arrow 3%

Microsoft Excel
up arrow 2%

National Average
$44,000

Inventory Management
up arrow 2%

Purchasing
up arrow 3%



Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 285 votes.

Gender

Female
37 %
Male
63 %

Years of Experience

Less than 1 year
3%
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: 64%
vision benefits Vision: 48% employee benefits None: 20%