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The differences between decision analysts and inventory analysts can be seen in a few details. Each job has different responsibilities and duties. Additionally, a decision analyst has an average salary of $79,900, which is higher than the $58,944 average annual salary of an inventory analyst.
The top three skills for a decision analyst include data analysis, SQL and SAS. The most important skills for an inventory analyst are supply chain, customer service, and logistics.
| Decision Analyst | Inventory Analyst | |
| Yearly salary | $79,900 | $58,944 |
| Hourly rate | $38.41 | $28.34 |
| Growth rate | 23% | 23% |
| Number of jobs | 62,744 | 25,500 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 67% |
| Average age | 45 | 45 |
| Years of experience | - | - |
A decision analyst helps companies make decisions using different research strategies and mathematical equations based on relevant data. Although their duties vary upon their industry or company of employment, it usually includes understanding the company's vision and mission, conducting market research and analyses, gathering and interpreting data, analyzing consumer feedback, developing sales forecasts, performing risk assessments, and studying the competition. Through their research findings, a decision analyst comes to a conclusion and develops recommendations that will not just help make decisions but also be vital in optimizing procedures and solving existing issues.
An inventory analyst is an individual who is responsible for managing inventory items and the daily inventory operations of an organization. Inventory analysts are required to analyze inventory statistics and perform financial analytics to determine which products are selling the most and which are under-performing. They must coordinate with project managers and shipping supervisors to plan and schedule pickups of inventory items. Inventory analysts also order inventory from vendors and document any inventory discrepancies, such as missing items.
Decision analysts and inventory analysts have different pay scales, as shown below.
| Decision Analyst | Inventory Analyst | |
| Average salary | $79,900 | $58,944 |
| Salary range | Between $57,000 And $110,000 | Between $42,000 And $80,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Washington | California |
| Best paying company | Meta | Intel |
| Best paying industry | Finance | Manufacturing |
There are a few differences between a decision analyst and an inventory analyst in terms of educational background:
| Decision Analyst | Inventory Analyst | |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | Columbia University in the City of New York | University of Southern California |
Here are the differences between decision analysts' and inventory analysts' demographics:
| Decision Analyst | Inventory Analyst | |
| Average age | 45 | 45 |
| Gender ratio | Male, 53.3% Female, 46.7% | Male, 56.1% Female, 43.9% |
| Race ratio | Black or African American, 11.9% Unknown, 5.9% Hispanic or Latino, 12.9% Asian, 13.7% White, 55.0% American Indian and Alaska Native, 0.6% | Black or African American, 12.1% Unknown, 6.0% Hispanic or Latino, 14.3% Asian, 8.5% White, 58.4% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 9% | 9% |