Inventory Planner Salary

The average pay for an Inventory Planner is $52,858 per year. For the first five to ten years in this position, salary increases somewhat, but any additional experience does not have a big effect on pay. 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.

$39,328 - $75,910
(Median)
$39K
$53K
$76K
MEDIAN: $52,858
10%
50%
90%

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$13.77 - $23.83
(Median)
$14
$19
$24
MEDIAN: $18.00
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$26K$52K$78K
Salary
$39,328 - $75,910  
   
Bonus
$0.00 - $7,702  
Profit Sharing
$650 - $8,000  
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).
)
$37,348 - $77,135  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 440
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
$13.77 - $23.83  
   
Overtime
$17.62 - $39.36  
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 - $7,702  
   
Profit Sharing
$650 - $8,000  
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).
)
$37,348 - $77,135  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 64
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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

  • 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.
  • Manage and maintain current inventory.
  • Identify and resolve discrepancies in inventory.

Common Career Paths for Inventory Planner


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Inventory Planner Job Listings

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Popular Skills for Inventory Planner

Pay by Experience Level for Inventory Planner

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

Pay Difference by Location

National Average: $52,506

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

Related Job Salaries

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Experience Affects Inventory Planner Salaries



Late-Career
up arrow 4%

National Average
$53,000


Skills That Affect Inventory Planner Salaries

Forecasting
up arrow 20%

Data Analysis
up arrow 2%

SAP Materials Management (SAP MM)
up arrow 2%

Inventory Management
up arrow 1%

Microsoft Excel
0%

National Average
$53,000

Inventory Control
up arrow 11%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 85 votes.

Gender

Female
52 %
Male
48 %

Years of Experience

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

Common Health Benefits

medical benefits
Medical: 89%
dental benefits
Dental: 82%
medical benefits
Vision: 67%
dental benefits
None: 10%
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