Inventory Manager Salary

The average salary for an Inventory Manager is $50,370 per year. The highest paying skills associated with this job are Logistics, Data Analysis, Operations Management, and Materials Requirement Planning (MRP). People in this job generally don't have more than 20 years' experience.
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$33,566 - $83,203
$34K
$51K
$83K
MEDIAN: $50,886
10%
50%
90%

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$10.93 - $20.67
$11
$15
$21
MEDIAN: $14.93
10%
50%
90%

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$0$83K
Salary $33,566 - $83,203
Bonus $513 - $12,195
Profit Sharing $253.42 - $6,061
Commission $3,077
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).
)
$26,918 - $75,976
  • Country: United States
  • Currency: USD
  • Updated: 12 Sep 2017
  • Individuals Reporting: 785
Hourly Data $0$30
Hourly Rate $10.93 - $20.67
Hourly Tips $1.63
Overtime $16.01 - $30.30
Annual Data $0$75K
Bonus $513 - $12,195
Commission $3,077
Profit Sharing $253.42 - $6,061
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).
)
$26,918 - $75,976
  • Country: United States
  • Currency: USD
  • Updated: 12 Sep 2017
  • Individuals Reporting: 517

Find Out Exactly What You Should Be Paid

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

  • 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 Manager Job Listings

Popular Employer Salaries for Inventory Manager

Popular Skills for Inventory Manager

Pay by Experience Level for Inventory Manager

Pay by Experience for an Inventory Manager has a positive trend. An entry-level Inventory Manager with less than 5 years of experience can expect to earn an average total compensation of $37,000 based on 674 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. An Inventory Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $48,000 based on 388 salaries. An experienced Inventory Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $51,000 based on 333 salaries. An Inventory Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $51,000 based on 130 salaries.

Pay Difference by Location

National Average: $43,329

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

Inventory Manager Reviews

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

Inventory Manager in Virginia Beach:
Pros:
Cons: I wish that it would be a set responsibility list, being the got to for a variety of things is nice except when you get paid for only the things on the list.

Inventory Manager in Lynnwood:
"Great experience and responsibility."
Pros: That the flow of the store is my responsibility. Im in charge of the procedure. It makes me really self reliant and pushes me to get things Done.
Cons: There are a lot of little tasks that fall under my job title that are frustrating when their things other staff members should be able to complete without me.

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 The Pas:
"Stressful, high paced, detailed."
Pros: Staying busy, meeting people, social media.
Cons: Stressful, high paced, detail oriented.

Inventory Manager in San Francisco:
"Marmot."
Pros: Flexibility, Product, Control, Exposure.
Cons: Lack of structure, discipline.

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.

Related Job Salaries

Key Stats for Inventory Manager

Gender

Female
37 %
Male
63 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 300 votes.
Less than 1 year
3%
1-4 years
41%
5-9 years
26%
10-19 years
21%
20 years or more
9%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Inventory Manager Salaries

▲19%

▲18%

▲10%

National Average
$43,000

▼14%

Skills That Affect Inventory Manager Salaries

Logistics
▲19%

▲18%

Operations Management
▲15%


▲7%



National Average
$43,000



Microsoft Office
▼2%


Shipping
▼4%

Organizational Development
▼17%

Organizing
▼18%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 300 votes.

Gender

Female
37 %
Male
63 %

Years of Experience

Less than 1 year
3%
1-4 years
41%
5-9 years
26%
10-19 years
21%
20 years or more
9%

Common Health Benefits

medical benefits
Medical: 70%
dental benefits
Dental: 56%
vision benefits
Vision: 46%
no benefits
None: 28%
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