$51,559
Avg. Salary
$15.29
Avg. Hourly Rate

Average additional compensation:

$3,025

Bonus

$2,427

Profit Sharing

$4,908

Commission

What am I worth?
How should I pay?

The average pay for an Inventory Manager is $15.29 per hour.

The average pay for an Inventory Manager is $51,559 per year.

10%
$11.16
10%
$15.29
50%
$21.44
90%
90%
MEDIAN $15.29
10%
$35k
10%
$52k
50%
$81k
90%
90%
MEDIAN $51,559
$34,703 - $81,424
$35K
$52K
$81K
MEDIAN: $51,559
10%
50%
90%

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$11.16 - $21.44
$11
$15
$21
MEDIAN: $15.29
10%
50%
90%

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$0$81K
Salary $34,703 - $81,424
Bonus $486 - $11,732
Profit Sharing $269 - $6,953
Commission $25.17 - $13,906
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).
)
$27,360 - $75,272
  • Country: United States
  • Currency: USD
  • Updated: 18 Mar 2019
  • Individuals Reporting: 1,478
Hourly Data $0$30
Hourly Rate $11.16 - $21.44
Hourly Tips $1.16
Overtime $15.42 - $30.62
Annual Data $0$75K
Bonus $486 - $11,732
Commission $25.17 - $13,906
Profit Sharing $269 - $6,953
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).
)
$27,360 - $75,272
  • Country: United States
  • Currency: USD
  • Updated: 18 Mar 2019
  • Individuals Reporting: 1,033

Job Description

An inventory manager controls the inventory of materials or goods for a company. This includes keeping accurate account of all inventory on hand, as well as ordering additional inventory to meet the needs of the business. The inventory manager decides whether a product needs to have additional stock in the warehouse or if it can be ordered on an as-needed basis. The inventory manager is also responsible for hiring and managing inventory clerks to assist them.

Read More...
Inventory Manager Tasks
  • Implement and execute an inventory replenishment system ensuring proper levels of stock.
  • Act as a liaison between departments and buyers and determine obsolete stock while optimizing inventory turnover.
  • Maintain accurate inventory counts throughout.

Popular Employer Salaries

$0$93K

PetSmart Inc.
16 profiles
$33,555

$29,048

$85,000

$27,040

$76,000

Nordstrom, Inc.
4 profiles
$49,147

Common Career Paths


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There are some Inventory Managers — though it's uncommon — that transition into Supply Chain Managers, where earnings are an average $82K annually. Moving from an Inventory Manager to Inventory Control Manager or Warehouse Manager is a more common career path, however.

Job Listings

Popular Skills


Inventory Managers seem to wield many skills on the job. Most notably, skills in Logistics, Data Analysis, Operations Management, and Materials Requirement Planning are correlated to pay that is above average, with boosts between 15 percent and 18 percent. Skills that are correlated to lower pay, on the other hand, include Organizing, Organizational Development, and Shipping. Most people familiar with Inventory Control also know Microsoft Excel.

Pay by Experience Level

Pay by Experience for an Inventory Manager has a positive trend. An entry-level Inventory Manager with less than 5 years of experience can expect to earn an average total compensation of $37,000 based on 674 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. An Inventory Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $48,000 based on 388 salaries. An experienced Inventory Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $51,000 based on 333 salaries. An Inventory Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $51,000 based on 130 salaries.

Pay Difference by Location

National Average: $43,904

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

Surpassing the national average by 80 percent, Inventory Managers in Charlotte receive some of the highest pay in the country. Inventory Managers will also find cushy salaries in Chicago (+37 percent), Miami (+36 percent), Atlanta (+30 percent), and Los Angeles (+24 percent). Inventory Managers' salaries are heavily influenced by location — Inventory Managers in San Antonio bring in salaries that are 24 percent lower than the national average. Workers in Orlando and Phoenix earn salaries that trail the national average for those in this profession (20 percent less and 10 percent less, respectively).

Job Reviews

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

Inventory Manager in Lynnwood:
"Great experience and responsibility."
Pros: That the flow of the store is my responsibility. Im in charge of the procedure. It makes me really self reliant and pushes me to get things Done.
Cons: There are a lot of little tasks that fall under my job title that are frustrating when their things other staff members should be able to complete without me.

Inventory Manager in Los Angeles:
"Every detail counts."
Prioritize your work, but do not over look the little things.

Inventory Manager in Charlottesville:
"Time Management."
Have strong time management skills, be aware of order deadlines, backorders, and special order items at all times.

Inventory Manager in Warminster:
"Inventory manager that does it all."
Pros: I am always helping others out, as well as completing my own work.
Cons: People use me and boss me around and j don't get overtime but my pay can be cut if I'm short hoursz.

Inventory Manager in Grand Prairie:
"Overall multiple site responsible."
Overall leadership of multi-site, warehouse operations.

Inventory Manager in San Francisco:
"Marmot."
Pros: Flexibility, Product, Control, Exposure.
Cons: Lack of structure, discipline.

Inventory Manager in The Pas:
"Stressful, high paced, detailed."
Pros: Staying busy, meeting people, social media.
Cons: Stressful, high paced, detail oriented.

Related Job Salaries

Gender

Female
36 %
Male
64 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 588 votes.
Less than 1 year
3%
1-4 years
41%
5-9 years
25%
10-19 years
22%
20 years or more
10%

How Experience Affects Salaries

▲17%

▲16%

▲8%

National Average
$44,000

▼15%

How Skills Affect Salaries

▲17%

Logistics
▲17%

Operations Management
▲14%


▲5%



National Average
$44,000


Microsoft Office
▼3%



Shipping
▼5%

Organizational Development
▼18%

Organizing
▼19%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 588 votes.

Gender

Female
36 %
Male
64 %

Years of Experience

Less than 1 year
3%
1-4 years
41%
5-9 years
25%
10-19 years
22%
20 years or more
10%

Common Health Benefits

medical benefits
Medical: 71%
dental benefits
Dental: 58%
vision benefits
Vision: 48%
no benefits
None: 27%