Inventory Specialist Salary

Inventory Specialists in the United States take home approximately $13.72 per hour on average. In the world of Inventory Specialists, overall income ranges from $21K near the bottom to $49K at the top; this can include more than $8K from bonuses and more than $25K from profit sharing in exceptional cases. Geographic location is the main element affecting pay for this group — the specific employer and tenure are driving factors as well. Job satisfaction for Inventory Specialists is high. Just under a third of professionals in this line of work do not receive benefits; however, the larger part report medical coverage and the greater part claim dental coverage as well. Male Inventory Specialists are just a bit more common among those who completed the questionnaire than females ones, with male workers composing 54 percent of the field. The data for this synopsis comes from respondents who took the PayScale salary survey.
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$30,256 - $65,743
$30K
$42K
$66K
MEDIAN: $41,988
10%
50%
90%

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$9.82 - $20.01
$9
$14
$20
MEDIAN: $13.72
10%
50%
90%

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$0$65K
Salary $30,256 - $65,743
Bonus $200.56 - $7,992
Profit Sharing $5.14 - $24,658
Commission $5,500
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).
)
$20,736 - $49,032
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 179
Hourly Data $0$29
Hourly Rate $9.82 - $20.01
Overtime $15.20 - $29.42
Annual Data $0$49K
Bonus $200.56 - $7,992
Commission $5,500
Profit Sharing $5.14 - $24,658
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).
)
$20,736 - $49,032
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 810

Find Out Exactly What You Should Be Paid

United States (change)

Employers: Start Here »

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.

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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.

Common Career Paths for Inventory Specialist


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Inventory Specialists who move on to become Inventory Managers may enjoy significant pay raises, as Inventory Managers get paid an average of $43K per year.

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. Apple Computer, Inc leads the field in terms of pay, with a median salary of $34K.

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 seem to exploit a large range of skills on the job. 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 skilled in Inventory Control are similarly competent in 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

National Average: $31,650

Larger city markers indicate a job is popular in that location.

Atlanta is home to an above-average pay rate for Inventory Specialists, 40 percent higher than the national average. Inventory Specialists can also look forward to large paychecks in cities like Minneapolis (+29 percent), San Diego (+26 percent), Houston (+14 percent), and Salt Lake City (+12 percent). The lowest-paying market is Memphis, which sits 21 percent below the national average, proving that location is a significant contributor to overall pay. New York and San Antonio are a couple other places where companies are known to pay below the median — salaries are 11 percent lower and 10 percent lower, respectively.

Inventory Specialist Reviews

Q: What is it like working as an Inventory Specialist?

Inventory Specialist in Long Beach:
"Hardest working, team player, lead by example kind of fellow."
Pros: The amazing people and talents I was able to learn from. Cavotec is the best in the business.
Cons: Underpaid for duties.

Inventory Specialist in College Station:
"Working at ReyRey."
Pros: The full-time basic level associates are great.
Cons: I dislike the sexist ways and lack of acknowledgement for accomplishments or beneficial ideas for a department or the company as a whole.

Inventory Specialist in Syracuse:
"Culture is good."
Pros: It requires a lot of problem solving and communication, which keeps it interesting. The atmosphere is great, and I am given a lot of freedom.
Cons: The fact that I relocated thousands of miles away from my family and I have to scrimp and scringe to go see them.

Inventory Specialist in Memphis:
"Its hard but stable."
Pros: Stability.
Cons: The pay.

Related Job Salaries

Key Stats for Inventory Specialist

Gender

Female
46 %
Male
54 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 166 votes.
Less than 1 year
6%
1-4 years
51%
5-9 years
19%
10-19 years
17%
20 years or more
7%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Inventory Specialist Salaries

▲27%

▲17%

▲7%

National Average
$32,000

▼10%

Skills That Affect Inventory Specialist Salaries

Microsoft Word
▲18%


Data Entry
▲11%

Purchasing
▲7%

Data Analysis
▲7%

▲5%

Shipping
▲2%


National Average
$32,000

Inventory Control
▼1%

Microsoft Office
▼1%


Customer Service
▼2%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 166 votes.

Gender

Female
46 %
Male
54 %

Years of Experience

Less than 1 year
6%
1-4 years
51%
5-9 years
19%
10-19 years
17%
20 years or more
7%

Common Health Benefits

medical benefits
Medical: 69%
dental benefits
Dental: 60%
vision benefits
Vision: 50%
no benefits
None: 28%
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