Material Planner Salary
Median pay for Material Planners in the United States is around $55K per year, but employers in San Diego offer the biggest paychecks; average compensation in that city is approximately $73K. Material Planners will also find cushy salaries in Indianapolis (+16 percent), Portland (+10 percent), Troy (+9 percent), and Fremont (+7 percent). Figures cited in this summary are based on replies to PayScale's salary questionnaire.
Job Description for Material Planner
A material planner is an essential member of staff in any medium or large manufacturing operation. The material planner ensures a steady flow of all materials needed to keep a manufacturing line operating. This is generally a balancing act; manufacturers do not generally have space to store large quantities of raw materials, so the material planner must ensure adequate supplies without overbuying or wasting resources.Read More...
Depending upon the specific items being manufactured, employers may expect a material planner to have at least a bachelor's degree in engineering, business, logistics, or supply chain management, though other degrees may be desirable depending upon the specific industry in which an employer is situated.
Material planners need to be adept at working both independently and as part of a team. They must be able to do their own research and inventorying of materials, as well as work with colleagues such as those in the purchasing department. In smaller operations, material planners may be the sole point of contact between the manufacturer’s management team and the company’s entire team of suppliers.
Depending upon the type of item being manufactured, a material planner's job may include substantial physical work, such as walking the production line and surveying the inventory space. Depending on industry, these spaces may not be climate controlled, so being able to function in varying temperatures is a valuable asset. In addition to the physical demands of such a job, a highly desirable skill for most material planners is to be an excellent negotiator, to help minimize costs of production and help ensure timely delivery of needed materials.
Material Planner Tasks
- Monitor and track materials flow to identify bottlenecks and characterize usage.
- Identify, resolve, and forecast problems and potential solutions to inventory and quality.
- Schedule delivery and production usage of materials for optimal production.
- Visit and evaluate suppliers for quality, timeliness, procedures, and fit to goals.
Common Career Paths for Material Planner
As Material Planners transition into upper-level roles such as Supply Chain Manager, they may see a strong upturn in salary. Supply Chain Managers earn $82K on average per year. Supply Chain Planners or Master Schedulers are common next-step roles for Material Planners moving up in their careers; annual pay for Supply Chain Planners is $5K higher on average, and it's $12K higher for Master Schedulers.
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Popular Employer Salaries for Material Planner
Honeywell Aerospace doles out the lowest salaries in town — median pay is $59K — not to mention workers can only make as much as $76K and scope of pay is rather limited.
Popular Skills for Material Planner
Survey results imply that Material Planners deploy a substantial tool kit of skills at work. Most notably, skills in Order Inventory, SAP Materials Management, Supply Chain, and Data Analysis are correlated to pay that is above average, with boosts between 5 percent and 19 percent. At the other end of the pay range are skills like Forecasting. For most people, competency in Inventory Management indicates knowledge of Microsoft Excel.
Pay by Experience Level for Material Planner
Median of all compensation (including tips, bonus, and overtime) by years of experience.
For many Material Planners, extensive experience does not lead to significantly more money. Salaries for the relatively untried average out to around $51K, but survey participants with five to 10 years of experience earn a significantly higher median of $57K. Material Planners see a median salary of $58K after reaching one to two decades on the job. Ultimately, more time spent in the workforce does seem to translate to bigger paychecks; seasoned veterans with more than 20 years of experience report a median income of $60K.