Inventory Specialist Salary
Job Description for Inventory Specialist
Inventory specialists are normally in charge of ordering, receiving and counting all types of products for their organization. They are also responsible for ensuring that inventory records are accurate at all times, which they do through daily or weekly counts of all products. Inventory specialists work with products being shipped to customers and properly log all receipts to ensure accurate inventory counts. In some cases, they may be in charge of preparing orders and related documents to purchase additional items or stock. This is generally a full-time position performed in a warehouse setting. Heavy lifting, as well as constant movement throughout the warehouse, is generally required.Read More...
The minimum educational requirement for inventory specialist positions generally includes a high school diploma or equivalent. Additionally, these professionals typically must have a minimum of three years of experience in the field. Inventory specialists must also possess proficiency with basic computer programs, be able to quickly perform basic math (such as in preparing counts), be strong team players, and have excellent communication skills. They also must be able to multitask and keep up in a fast-paced work environment. Inventory specialists should work well in a team setting, as well as on their own with minimal supervision.
Inventory Specialist Tasks
- Assess and monitor warehouse transactions.
- Track inventory maintenance and control equipment flow.
- Submit annual budget reports, ensure financial standards, and resolve issues.
- Act as liaison between the warehouse and customer service.
Inventory Control Specialist Job Listings
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Popular Employer Salaries for Inventory Specialist
Known for taking on a considerable number of Inventory Specialists, Best Buy, CVS / Pharmacy, Staples, Inc., Advance Auto Parts, Inc., and Apple Computer, Inc are leading firms in the industry. Heading up the field in terms of compensation, Apple Computer, Inc offers the most; Inventory Specialists earn $34K on average there.
Staples, Inc. offers the least pay with a median salary of $22K; furthermore, salaries there max out at only $27K.
Popular Skills for Inventory Specialist
Inventory Specialists report using a deep pool of skills on the job. Most notably, skills in Microsoft Word, Microsoft Excel, Data Analysis, and Data Entry are correlated to pay that is above average, with boosts between 14 percent and 20 percent. Skills that pay less than market rate include Customer Service. Most people skilled in Inventory Control are similarly competent in Order Inventory.
Pay by Experience Level for Inventory Specialist
Median of all compensation (including tips, bonus, and overtime) by years of experience.
For Inventory Specialists, experience does not seem to be a major factor in determining pay. Survey participants with less than five years' experience pocket $28K on average, but those with five to 10 years of experience enjoy a much bigger median of $34K. On average, Inventory Specialists make $37K following one to two decades on the job. Inventory Specialists who have stuck around for more than two decades see earnings that are only slightly higher than those of folks who have worked for 10 to 20 years; the more senior group makes around $40K on average.
Pay Difference by Location
For Inventory Specialists, working in the bustling city of Minneapolis has its advantages, including an above-average pay rate. Inventory Specialists will also find cushy salaries in Atlanta (+27 percent), San Diego (+24 percent), Houston (+15 percent), and Salt Lake City (+14 percent). One of the biggest compensable factors for Inventory Specialists is geography, with workers in Memphis earning a whopping 24 percent below the national average. New York and San Antonio are a couple other places where companies are known to pay below the median — salaries are 9 percent lower and 8 percent lower, respectively.
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