Inventory Specialist Salary
|Salary||$30,811 - $65,827|
|Bonus||$250.00 - $8,209|
|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).)
|$20,748 - $49,580|
|Hourly Rate||$9.83 - $19.98|
|Overtime||$15.35 - $29.25|
|Bonus||$250.00 - $8,209|
|Total Pay (||$20,748 - $49,580|
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. (Copyright 2017 PayScale.com)
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 Specialist Job Listings
Popular Employer Salaries for Inventory Specialist
Many Inventory Specialists can be found at Best Buy, CVS / Pharmacy, Staples, Inc., Advance Auto Parts, Inc., and Apple Computer, Inc, firms that are at the top of the field. The biggest paychecks can be found at Apple Computer, Inc — the median salary there is $34K.
With a median salary of $22K, Staples, Inc. provides Inventory Specialists with the lowest pay in their field; moreover, earnings are capped at only $27K, limiting employee salary growth.
Popular Skills for Inventory Specialist
Survey takers working as Inventory Specialists report using a large range of professional skills. Most notably, skills in Microsoft Word, Microsoft Excel, Data Entry, and Purchasing are correlated to pay that is above average, with boosts between 11 percent and 18 percent. Most people familiar with Inventory Control also know Order Inventory.
Pay by Experience Level for Inventory Specialist
Pay by Experience for an Inventory Specialist has a positive trend. An entry-level Inventory Specialist with less than 5 years of experience can expect to earn an average total compensation of $29,000 based on 610 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. An Inventory Specialist with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $34,000 based on 229 salaries. An experienced Inventory Specialist which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $37,000 based on 184 salaries. An Inventory Specialist with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $40,000 based on 63 salaries.
Pay Difference by Location
Inventory Specialists will find that Atlanta offers an impressive pay rate, one which exceeds the national average by 40 percent. Inventory Specialists will also find cushy salaries in Minneapolis (+29 percent), San Diego (+26 percent), Houston (+14 percent), and Salt Lake City (+12 percent). Compared to the national average, Memphis Inventory Specialists have considerably lower salaries, 21 percent below the national average to be exact. Location appears to be a major driving force in pay for those in this profession. Two other places where employers offer below-median salaries are New York (11 percent less) and San Antonio (10 percent less).
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