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
- Submit annual budget reports, ensure financial standards, and resolve issues.
- Act as liaison between the warehouse and customer service.
- Assess and monitor warehouse transactions.
- Track inventory maintenance and control equipment flow.
Inventory Control Specialist Job Listings
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Popular Employer Salaries for Inventory Specialist
Best Buy, CVS / Pharmacy, Staples, Inc., Apple Computer, Inc, and Advance Auto Parts, Inc. are leaders in the field that employ a large number of Inventory Specialists. Apple Computer, Inc offers the largest salaries in town — $38K on average.
The consistently lowest paying firm on the list is Staples, Inc., where the median salary is just $21K — 78 percent less than the top paying company.
Popular Skills for Inventory Specialist
Inventory Specialists seem to require a rather large skill set. Most notably, facility with Microsoft Word, Data Entry, and Purchasing are correlated to pay that is significantly above average, leading to increases of 26 percent, 13 percent, and 8 percent, respectively. 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.
More years of relevant experience do not necessarily translate to higher paychecks. Relatively untried employees who have less than five years' experience make $29K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $34K. The average pay reported by folks with 10 to 20 years of experience is around $37K. Inventory Specialists who surpass 20 years on the job report pay that isn't as high as one would expect; the median compensation for this crowd sits around $40K.