Inventory Analyst Salary

The average salary for an Inventory Analyst is $52,150 per year. Most people move on to other jobs if they have more than 20 years' experience in this field. A skill in Financial Analysis is associated with high pay for this job.
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$39,378 - $69,201
$39K
$53K
$69K
MEDIAN: $52,945
10%
50%
90%

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$12.29 - $23.87
$12
$18
$24
MEDIAN: $17.55
10%
50%
90%

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$0$69K
Salary $39,378 - $69,201
Bonus $509 - $6,803
Profit Sharing $3,052
Commission $9,000
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).
)
$33,533 - $68,075
  • Country: United States
  • Currency: USD
  • Updated: 18 Nov 2017
  • Individuals Reporting: 576
Hourly Data $0$36
Hourly Rate $12.29 - $23.87
Overtime $18.71 - $36.06
Annual Data $0$68K
Bonus $509 - $6,803
Commission $9,000
Profit Sharing $3,052
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).
)
$33,533 - $68,075
  • Country: United States
  • Currency: USD
  • Updated: 18 Nov 2017
  • Individuals Reporting: 262

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 inventory levels are consistently met. Additionally, the inventory analyst must use exceptional communication skills to effectively work with everyone who contributes to inventory shipment. The inventory analyst must order inventory from the company's suppliers and then work with suppliers to track the shipments. If shipping issues arise, the inventory analyst must work with the suppliers to appropriately resolve the situation.

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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.

Common Career Paths for Inventory Analyst


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Inventory Analyst Job Listings

Popular Employer Salaries for Inventory Analyst

Popular Skills for Inventory Analyst

Pay by Experience Level for Inventory Analyst

Pay by Experience for an Inventory Analyst has a positive trend. An entry-level Inventory Analyst with less than 5 years of experience can expect to earn an average total compensation of $46,000 based on 525 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. An Inventory Analyst with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $53,000 based on 233 salaries. An experienced Inventory Analyst which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $54,000 based on 135 salaries. An Inventory Analyst with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $58,000 based on 52 salaries.

Pay Difference by Location

National Average: $49,383

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

Inventory Analyst Reviews

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

Inventory Analyst in Norcross:
"Busy."
Pros: It is a great work environment at work with great people, professionals who know exactly what they're doing. We make great things happen and we get the job done well.
Cons: Sometimes there is an unbalanced workload and we work long hours I also feel like I am being unfairly paid Because I am aware of what others make Who share the same responsibilities .

Inventory Analyst in Schaumburg:
"Stressful."
Pros: Helping sales to be sure their machines are ordered.
Cons: Starring at the computer all day.

Inventory Analyst in Springfield:
Pros: I like most about my job as an Inventory Analyst is the ability to work with others towards a common goal in providing assistance to activities with inventorying their fuel products. Providing guidance and researching issues to find resolutions to their issues.
Cons:

Related Job Salaries

Key Stats for Inventory Analyst

Gender

Female
45 %
Male
55 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 133 votes.
Less than 1 year
5%
1-4 years
52%
5-9 years
21%
10-19 years
15%
20 years or more
6%

Experience Affects Inventory Analyst Salaries

▲18%

▲10%

▲7%

National Average
$49,000

▼7%

Skills That Affect Inventory Analyst Salaries

Financial Analysis
▲24%

▲4%





National Average
$49,000



Microsoft Access
▼6%

Materials Requirement Planning (MRP)
▼8%

Purchasing
▼10%

Customer Service
▼10%

SAP Materials Management (SAP MM)
▼20%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 133 votes.

Gender

Female
45 %
Male
55 %

Years of Experience

Less than 1 year
5%
1-4 years
52%
5-9 years
21%
10-19 years
15%
20 years or more
6%

Common Health Benefits

medical benefits
Medical: 87%
dental benefits
Dental: 82%
vision benefits
Vision: 72%
no benefits
None: 11%