$56,869
Avg. Salary
$15.37
Avg. Hourly Rate

Average additional compensation:

$3,931

Bonus

$1,500

Profit Sharing

$4,800

Commission

What am I worth?
How should I pay?

The average pay for an Inventory Manager with Materials Requirement Planning (MRP) skills is $15.37 per hour.

The average pay for an Inventory Manager with Materials Requirement Planning (MRP) skills is $56,869 per year.

$10.64
10%
$15.37
50%
$22.67
90%
MEDIAN $15.37
$35k
10%
$57k
50%
$91k
90%
MEDIAN $56,869
$35,150 - $90,502
$35K
$57K
$91K
MEDIAN: $56,869
10%
50%
90%

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$10.64 - $22.67
$11
$15
$23
MEDIAN: $15.37
10%
50%
90%

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$0$90K
Salary $35,150 - $90,502
Bonus $992 - $15,600
Profit Sharing $511 - $11,745
Commission $4,800
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).
)
$29,638 - $86,637
  • Country: United States
  • Currency: USD
  • Updated: 11 Jan 2019
  • Individuals Reporting: 224
Hourly Data $0$30
Hourly Rate $10.64 - $22.67
Overtime $15.31 - $30.59
Annual Data $0$86K
Bonus $992 - $15,600
Commission $4,800
Profit Sharing $511 - $11,745
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).
)
$29,638 - $86,637
  • Country: United States
  • Currency: USD
  • Updated: 11 Jan 2019
  • Individuals Reporting: 124

Job Description for Inventory Manager

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.

Inventory Manager Job Listings

Pay by Experience Level for Inventory Manager

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 94 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 $55,000 based on 65 salaries. An experienced Inventory Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $56,000 based on 66 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 25 salaries.

Key Stats for Inventory Manager

Gender

Female
33 %
Male
67 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 70 votes.
Less than 1 year
2%
1-4 years
36%
5-9 years
24%
10-19 years
26%
20 years or more
12%

Experience Affects Inventory Manager Salaries

Experienced
▲15%

Mid-Career
▲13%

Late-Career
▲5%

National Average
$49,000

Entry-Level
▼24%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 70 votes.

Gender

Female
33 %
Male
67 %

Years of Experience

Less than 1 year
2%
1-4 years
36%
5-9 years
24%
10-19 years
26%
20 years or more
12%

Common Health Benefits

medical benefits
Medical: 76%
dental benefits
Dental: 62%
vision benefits
Vision: 52%
no benefits
None: 24%