How Much Money Does An Inventory Manager Make?

How much do inventory managers get paid?

The average inventory manager salary is $66,253 per year , or $31.85 per hour, in the United States. People on the lower end of that spectrum, the bottom 10% to be exact, make roughly $40,000 a year, while the top 10% makes $108,000. As most things go, location can be critical.

How much does an inventory manager make an hour?

What does a inventory manager do?

An inventory manager oversees their employer’s products, supplies and materials . These items may be used within the business or sold or leased to its customers. They usually supervise inventory clerks and warehouse staff and liaise with members of different departments within the business.

How much does an inventory person make?

The average inventory specialist salary is $33,386 per year , or $16.05 per hour, in the United States. The range surrounding that average can vary between $23,000 and $47,000, meaning inventory specialists have the opportunity to earn more once they move past entry-level roles.

How much does a logistics manager make?

What is the hourly rate for a warehouse manager?

Is inventory manager a good job?

A successful inventory manager is a trustworthy professional with outstanding record-keeping and analytical abilities . The chosen candidate will demonstrate excellent organizational and problem-solving skills, as well as the ability to interpret and analyze large amounts of data.

How do I become a successful inventory manager?

1. Prioritize your inventory. ...
2. Track all product information. ...
3. Audit your inventory. ...
4. Analyze supplier performance. ...
5. Practice the 80/20 inventory rule. ...
6. Be consistent in how you receive stock. ...
7. Track sales. ...
8. Order restocks yourself.

Why is inventory management so hard?

For businesses with fairly fluid order patterns, knowing how much stock to have on hand can be difficult . This stress is understandable – managers face competing pressures to have enough stock on hand for every eventuality while at the same time avoiding costly, inefficient overstocking.

Do you get paid more for inventory?

Retail store owners can expect an increase in payroll whenever abnormally large inventory orders occur . Since payroll and inventory directly affect each other, controlling the costs of one will have a direct affect on the other.

Do you need a degree to be an inventory control specialist?

A bachelor’s degree in a field such as business, engineering, or mathematics provides a comprehensive background for inventory control specialist work; an associate’s degree in a similar field may suffice for individuals with relevant work experience.

What is the average salary for an inventory specialist?

The average inventory specialist salary is $33,386 per year , or $16.05 per hour, in the United States. The range surrounding that average can vary between $23,000 and $47,000, meaning inventory specialists have the opportunity to earn more once they move past entry-level roles.

What qualifications do I need to be a logistics manager?

Logisticians manage the life cycle of a product , which includes how a product is distributed and delivered.

Do logistics jobs pay well?

Transportation logistics specialists do a lot to make logistics and supply chain management easier, but they don’t make as much as other supply chain professionals. According to Salary.com, the average transportation logistics specialist salary falls somewhere between $37,000 and $46,000 ; PayScale reports $47,000.

What skills does a logistics manager need?

• Forward Thinking. ...
• Strong Numerical and Analytical Skills. ...
• Extensive Industry Knowledge. ...
• Team player. ...
• Keen attention to detail. ...
• Sound Decision-making. ...
• Adaptability. ...
• Accountability.