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Inventory Planner Salary

The average salary for an Inventory Planner is $51,768 per year. People in this job generally don't have more than 20 years' experience. A skill in Forecasting is associated with high pay for this job.
$39,294 - $75,338
(Median)
39K
52K
64K
75K
MEDIAN: $51,767
10%
50%
75%
90%

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$13.22 - $24.94
(Median)
13
16
19
22
25
MEDIAN: $18.00
10%
25%
50%
75%
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
$39,294 - $75,338  
   
Bonus
$0.00 - $6,772  
Profit Sharing
$511 - $9,787  
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).
)
$37,562 - $77,020  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 394
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 - $24.94  
   
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 - $6,772  
   
Profit Sharing
$511 - $9,787  
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).
)
$37,562 - $77,020  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 50
United States (change)

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

Experience Affects Inventory Planner Salaries


Late-Career
up arrow 12%


National Average
$52,000


Skills That Affect Inventory Planner Salaries

Forecasting
up arrow 22%




Microsoft Excel
up arrow 3%

National Average
$52,000

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 90 votes.

Gender

Female
53 %
Male
47 %

Years of Experience

Less than 1 year
3%
1-4 years
45%
5-9 years
27%
10-19 years
20%
20 years or more
4%

Common Health Benefits

medical benefits Medical: 90% dental benefits Dental: 82%
vision benefits Vision: 63% employee benefits None: 9%