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Inventory Planner Salary

The average pay for an Inventory Planner is $53,541 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.

$39,581 - $76,025
(Median)
$40K
$54K
$76K
MEDIAN: $53,541
10%
50%
90%

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$13.22 - $24.47
(Median)
$13
$19
$24
MEDIAN: $18.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$26K$52K$78K
Salary
$39,581 - $76,025  
   
Bonus
$0.00 - $7,171  
Profit Sharing
$992 - $3,931  
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).
)
$37,850 - $77,506  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 392
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$13$26$39
Hourly Rate
$13.22 - $24.47  
   
Overtime
$17.62 - $35.08  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$26K$52K$78K
Bonus
$0.00 - $7,171  
   
Profit Sharing
$992 - $3,931  
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).
)
$37,850 - $77,506  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 48

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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

  • 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

Related Job Salaries

United States (change)

Experience Affects Inventory Planner Salaries


Late-Career
up arrow 10%


National Average
$53,000


Skills That Affect Inventory Planner Salaries

Forecasting
up arrow 19%




Microsoft Excel
up arrow 3%

National Average
$53,000

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 80 votes.

Gender

Female
52 %
Male
48 %

Years of Experience

Less than 1 year
4%
1-4 years
44%
5-9 years
27%
10-19 years
21%
20 years or more
4%

Common Health Benefits

medical benefits Medical: 89% dental benefits Dental: 82%
vision benefits Vision: 65% employee benefits None: 10%
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