Avg. Base Salary (USD)
The average salary for an Inventory Manager is $69,634
What is the Pay by Experience Level for Inventory Managers?
An early career Inventory Manager with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of $49,605 based on 48 salaries. A mid-career Inventory Manager with 5-9 years of experience earns an average total compensation of $51,447 based on 46 salaries. An experienced Inventory …Read more
What Do Inventory Managers Do?
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.
The position of inventory manager …Read more
- 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.