The average salary for an Inventory Analyst is $54,164.
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$40k - $71k
$515 - $6k
$309 - $10k
$0 - $9k
$34k - $69k
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Job Description for Inventory Analyst
An inventory analyst is responsible for handling the challenges posed by managing an inventory. A wide set of skills is necessary for this position. First and foremost the analyst must have exceptional technical knowledge. Armed with customer purchasing habits for stores and regions, the inventory analyst uses statistical analyses to determine the proper inventory levels for stores. Once an appropriate inventory level is determined, the analyst must set orders into motion and ensure that the inv…Read more
Inventory Analyst Tasks
- Anticipate potential backorder cases and work closely with suppliers and management to find other sources or expedite the product.
- Execute purchasing and order placement.
- Maintain online systems accurately reflect order and supplier information.
- Develop and implement solutions to improve inventory turnover and dealer replenishment.
- Manage inventory, delivery dates and fill rates for assigned suppliers.
Popular Employer Salaries for Inventory Analyst
The top respondents for the job title Inventory Analyst are from the companies Target Corporation, The Home Depot Inc. and Sears Holdings Corporation. Reported salaries are highest at The Gap Inc. where the average pay is $63,160. Other companies that offer high salaries for this role include The Home Depot Inc. and Sears Holdings Corporation, earning around $61,984 and $59,677, respectively. Tractor Supply Company pays the lowest at around $49,450. Cardinal Health, Inc. and Target Corporation also pay on the lower end of the scale, paying $50,495 and $57,960, respectively.
Explore the most common career paths for Inventory Analyst. Thickness and color of lines indicates popularity of movement from one job to the next. Visit our career path planner to research other job paths.
More common (> 20%)
Somewhat common (8 - 20%)
Less common (< 8%)
Inventory Analyst Job Listings
Popular Skills for Inventory Analyst
Skills in Data Analysis, Inventory Management and Forecasting are correlated to pay that is above average. Skills that pay less than market rate include Inventory Control and Microsoft Excel.
Pay by Experience Level for Inventory Analyst
An entry-level Inventory Analyst with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $50,268 based on 90 salaries. An early career Inventory Analyst with 1-4 years of experience earns an average total compensation of $51,933 based on 784 salaries. A mid-career Inventory Analyst with 5-9 years of experience earns an average total compensation of $56,568 based on 314 salaries. An experienced Inventory Analyst with 10-19 years of experience earns an average total compensation of $58,706 based on 251 salaries. In their late career (20 years and higher), employees earn an average total compensation of $60,332.
Pay Difference by Location
Learn more about cost of living by city.
Employees with Inventory Analyst in their job title in New York, New York earn an average of 8.1% more than the national average. These job titles also find higher than average salaries in Minneapolis, Minnesota (6.4% more) and San Diego, California (2.7% more). The lowest salaries can be found in Dallas, Texas (1.3% less) and Los Angeles, California (0.4% less).
Years of Experience
This data is based on 1,524 survey responses.
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