Replenishment Analyst Salary
Replenishment Analysts in the United States pull down an average of $51K annually. Experience level is the biggest factor affecting pay for this group, followed by geography. Most report receiving medical coverage from their employers and a strong majority collect dental insurance. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 54 percent. Most Replenishment Analysts are fairly content with their jobs, and work satisfaction falls in line with the national average. Respondents to the PayScale salary survey provided the data for this report.
Job Description for Replenishment Analyst
Replenishment analysts manage the inventory for a company or specific department within it and are responsible for forecasting the demand for certain materials and products, followed by purchasing and replenishing them. They may make both short- and long-term forecasts by conducting statistical analyses, and in-stock items should be balanced and kept at an optimal level at all times. In some positions, these analysts are also responsible for delivery.Read More...
Some replenishment analysts are responsible for purchasing from outside vendors, so negotiation skills are highly beneficial in this position, and there may be a budget to be met. They must conduct regular research to stay up-to-date with the competition and any trends that may affect the marketplace, and they must also determine which stock levels should be increased and which should be decreased or eliminated.
A bachelors degree and prior experience in replenishment/forecasting are often minimum requirements for this position, and some experience with supply chain and reverse logistics may also be required. Aspiring replenishment analysts must be detail-oriented, able to multitask, and have good analytical and quantitative analysis skills, and they should be able to succeed independently as well as in a team environment. Strong communication skills are also beneficial.
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Popular Skills for Replenishment Analyst
Replenishment Analysts who responded to the survey report just a handful of professional skills. Skill set and salary are closely correlated, and individuals who are practiced in Data Analysis, Inventory Management and Microsoft Excel abilities will see corresponding pay increases between 5 percent and 9 percent. Those educated in Inventory Management tend to be well versed in Data Analysis.
Pay by Experience Level for Replenishment Analyst
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Workers with less than five years' experience earn around $46K on average, and those who have five to 10 years under their belts see a higher median salary of $47K. On average, Replenishment Analysts make $61K following one to two decades on the job. Folks with more than two decades of experience actually report lower incomes overall; their average comes out to a mere $49K.
Pay Difference by Location
For Replenishment Analysts, working in the bustling city of Bentonville has its advantages, including an above-average pay rate. Replenishment Analysts will also find cushy salaries in Atlanta (+20 percent) and New York (+17 percent). With compensation 8 percent below the national average, Denver is not known for hefty paychecks and actually represents the lowest-paying market.
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Key Stats for Replenishment Analyst
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