Inventory Manager Salary

Inventory Managers in search of top-notch pay will find it at Sears Holdings Corporation, where the median salary of $78K trumps the $51K per year-national average for those in this profession. Respondents to the PayScale salary survey provided the data for this report.
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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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Though not the most common occurrence, Inventory Managers sometimes become Supply Chain Managers, where the average income is $83K per year. When Inventory Managers are ready for the next step in their careers, they often become Inventory Control Managers or Purchasing Managers. Those roles pay an additional $1K and $5K, respectively.

Inventory Control Manager Job Listings

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Popular Employer Salaries for Inventory Manager

Popular Skills for Inventory Manager


Inventory Managers report using a wide range of professional skills. Most notably, facility with People Management, Materials Requirement Planning (MRP), and Operations Management are correlated to pay that is significantly above average, leading to increases of 22 percent, 12 percent, and 6 percent, respectively. At the other end of the pay range are skills like Organizing, Shipping, and Inventory Control. Those educated in Inventory Control tend to be well versed in Microsoft Excel.

Pay by Experience Level for Inventory Manager

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


Inventory Managers with more experience do not necessarily bring home bigger paychecks. In fact, experience in this field tends to impact compensation minimally. The average worker who claims fewer than five years of experience earns around $38K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $49K. The average pay reported by folks with 10 to 20 years of experience is around $53K. Individuals who report more than two decades of experience seem to make only slightly more than folks in the 10-to-20 year range; the more senior group sees median earnings in the comparatively modest ballpark of $55K.

Pay Difference by Location

National Average: $43,721

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

For Inventory Managers, working in the bustling city of Columbus has its advantages, including an above-average pay rate. Inventory Managers will also find cushy salaries in Dallas (+36 percent), Cleveland (+30 percent), Chicago (+28 percent), and Houston (+25 percent). Orlando ranks last in the field for pay, reporting salaries 10 percent below the national average. Employers pay around 3 percent less in Seattle and 2 percent less in Denver, below-median salaries for those in this field.

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.

Related Job Salaries

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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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