Inventory Manager Salary

The average Inventory Manager in the United States can expect to rake in roughly $51K per year. Final cash compensation to Inventory Managers varies from around $27K to approximately $79K; choice pay grades include potential for bonuses and profit sharing as high as $10K and $7K, respectively. Residence and tenure each impact pay for this group, with the former having the largest influence. Most Inventory Managers report high levels of job satisfaction. There are more male Inventory Managers than female among those who completed the questionnaire, making up 66 percent. Health benefits are not claimed by all — about one in five lack any form of coverage — but a fair number have medical insurance, and a majority have dental, too. The data for this snapshot was collected from individuals who took PayScale's salary survey.
Read More
$32,223 - $80,060

Add this chart to your site: 640px    300px

$10.11 - $20.45

Add this chart to your site: 640px    300px

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$27K$54K$81K
Salary
$32,223 - $80,060  
   
Bonus
$0.00 - $9,829  
Profit Sharing
$207.29 - $7,376  
Commission
$0.00 - $49,665  
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).
)
$26,991 - $78,838  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 992
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
$10.11 - $20.45  
   
Overtime
$14.83 - $31.12  
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 - $9,829  
   
Commission
$0.00 - $49,665  
Profit Sharing
$207.29 - $7,376  
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).
)
$26,991 - $78,838  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 441
United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

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.

Read More...

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


Add this chart to your site:   640px 640px    300px 300px


Inventory Managers who transition into a Supply Chain Manager role may receive large pay increases as the latter position pays an average $83K per year. An Inventory Control Manager or a Purchasing Manager is a typical transition from an Inventory Manager role.

Inventory Control Manager Job Listings

Search for more jobs:

Popular Skills for Inventory Manager


Inventory Managers generally report applying a varied skill set to their work. Most notably, skills in Materials Requirement Planning, Operations Management, People Management, and Microsoft Excel are correlated to pay that is above average. Skills that pay less than market rate include Order Inventory and Inventory Control. The majority of those who know 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.


For Inventory Managers, more experience in the field does not usually mean bigger paychecks. Survey participants with less than five years' experience pocket $38K on average, but those with five to 10 years of experience enjoy a much bigger median of $49K. People with 10 to 20 years of experience make an average of about $53K in this role. Inventory Managers who surpass 20 years on the job report pay that isn't as high as one would expect; the median compensation for this crowd sits around $56K.

Pay Difference by Location


For Inventory Managers, busy Columbus offers a higher-than-average pay rate, 39 percent above the national average. Inventory Managers will also find cushy salaries in Dallas (+36 percent), Cleveland (+33 percent), New York (+28 percent), and Houston (+27 percent). Those in the field find the lowest salaries in Seattle, 11 percent below the national average. Not at the bottom but still paying below the median are employers in Portland and Phoenix (9 percent lower and 7 percent lower, respectively).

Inventory Manager Reviews

What is it like working as an Inventory Manager?

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

United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

Experience Affects Inventory Manager Salaries




National Average
$44,000


Skills That Affect Inventory Manager Salaries


Operations Management
up arrow 6%

People Management
up arrow 3%

Microsoft Excel
up arrow 1%

Purchasing
0%

National Average
$44,000

Inventory Management
up arrow 1%



Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 274 votes.

Gender

Female
34 %
Male
66 %

Years of Experience

Less than 1 year
2%
1-4 years
38%
5-9 years
28%
10-19 years
22%
20 years or more
10%

Common Health Benefits

medical benefits Medical: 77% dental benefits Dental: 64%
vision benefits Vision: 49% employee benefits None: 21%
ADVERTISEMENT