Inventory Planner Salary

The average pay for an Inventory Planner is $54,221 per year. Pay for this job rises steadily for more experienced workers, but goes down noticeably for the few employees with more than 20 years' experience. A skill in Forecasting is associated with high pay for this job. Most people with this job move on to other positions after 20 years in this career.

$39,400 - $76,887
$39K
$55K
$77K
MEDIAN: $54,633
10%
50%
90%

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$12.93 - $23.73
$13
$19
$24
MEDIAN: $18.64
10%
50%
90%

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$0$77K
Salary $39,400 - $76,887
Bonus $506 - $8,236
Profit Sharing $1,952 - $6,000
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).
)
$35,632 - $77,248
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 285
Hourly Data $0$40
Hourly Rate $12.93 - $23.73
Overtime $16.67 - $40.25
Annual Data $0$77K
Bonus $506 - $8,236
Profit Sharing $1,952 - $6,000
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).
)
$35,632 - $77,248
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 69

Find Out Exactly What You Should Be Paid

United States (change)

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Job Description for Inventory Planner

Inventory planners are responsible for creating effective inventory plans for their organization. They produce documents that details quantity specifications about company product or equipment. In addition, they create accurate reports about supply count and materials. They also maintain updated files about inventory that is used or moved to avoid possible discrepancies, as well as receive returned equipment and keep records about shipments. Inventory planners also record inventory activity into company databases, complete daily transactions and link them to the appropriate departments, and assist supervisors with inventory replenishing tasks. They must actively participate in company meetings, suggesting better methods to handle current inventory and improve the use of company resources.

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Inventory Planner Tasks

  • Manage and maintain current inventory.
  • Identify and resolve discrepancies in inventory.
  • Track shipments to ensure they are complete, correct, and on time.
  • Predict future inventory needs, producing plans for buying based on forecasts and sales data.

Common Career Paths for Inventory Planner


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Inventory Planner Job Listings

Popular Skills for Inventory Planner

Pay by Experience Level for Inventory Planner

Pay by Experience for an Inventory Planner has a positive trend. An entry-level Inventory Planner with less than 5 years of experience can expect to earn an average total compensation of $50,000 based on 216 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. An Inventory Planner with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $57,000 based on 101 salaries. An experienced Inventory Planner which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $61,000 based on 59 salaries. An Inventory Planner 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 18 salaries.

Pay Difference by Location

National Average: $52,739

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

Related Job Salaries

Key Stats for Inventory Planner

Gender

Female
47 %
Male
53 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 44 votes.
Less than 1 year
9%
1-4 years
46%
5-9 years
25%
10-19 years
14%
20 years or more
6%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Inventory Planner Salaries

▲16%

▲8%

National Average
$53,000

▼4%

▼4%

Skills That Affect Inventory Planner Salaries

▲13%



National Average
$53,000

Data Analysis
▼1%

Inventory Control
▼1%


SAP Enterprise Resource Planning (ERP)
▼15%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 44 votes.

Gender

Female
47 %
Male
53 %

Years of Experience

Less than 1 year
9%
1-4 years
46%
5-9 years
25%
10-19 years
14%
20 years or more
6%

Common Health Benefits

medical benefits
Medical: 88%
dental benefits
Dental: 82%
vision benefits
Vision: 70%
no benefits
None: 9%
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