Inventory Analyst Careers

An inventory analyst primarily helps the organization manage its purchasing inventory, allocate resources, maximize production, and forecast future sales. He analyzes inventory statistics to determine the products that are selling and those underperforming. He conducts regular inventory counts and allocates inventory to the various departments accordingly. Furthermore, he works with project managers, warehouse employees, and shipping supervisors. They jointly plan and schedule the distribution of inventory items. Additionally, he records inventory discrepancies, such as missing or mislabeled items, and writes regular inventory reports containing inventory counts, discrepancies, and other statistical data.

Employers seek candidates with a bachelor's degree in finances, supply chain management, accounting, or a related field and prior experience in a similar role. You must be proficient in Microsoft Office. You must possess maths, analytical, attention to detail, multitasking, time management, organization, and problem-solving skills. These experts earn around $55,461 in a year. Their salary is between $36,000 and $85,000.

There is more than meets the eye when it comes to being an inventory analyst. For example, did you know that they make an average of $26.12 an hour? That's $54,329 a year!

Between 2018 and 2028, the career is expected to grow 26% and produce 28,100 job opportunities across the U.S.

What Does an Inventory Analyst Do

There are certain skills that many inventory analysts have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed interpersonal skills, problem-solving skills and writing skills.

When it comes to the most important skills required to be an inventory analyst, we found that a lot of resumes listed 11.1% of inventory analysts included procedures, while 9.7% of resumes included supply chain, and 7.6% of resumes included customer service. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.

When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the inventory analyst job title. But what industry to start with? Most inventory analysts actually find jobs in the manufacturing and retail industries.

How To Become an Inventory Analyst

If you're interested in becoming an inventory analyst, one of the first things to consider is how much education you need. We've determined that 66.9% of inventory analysts have a bachelor's degree. In terms of higher education levels, we found that 8.1% of inventory analysts have master's degrees. Even though most inventory analysts have a college degree, it's possible to become one with only a high school degree or GED.

Choosing the right major is always an important step when researching how to become an inventory analyst. When we researched the most common majors for an inventory analyst, we found that they most commonly earn bachelor's degree degrees or associate degree degrees. Other degrees that we often see on inventory analyst resumes include master's degree degrees or high school diploma degrees.

You may find that experience in other jobs will help you become an inventory analyst. In fact, many inventory analyst jobs require experience in a role such as customer service representative. Meanwhile, many inventory analysts also have previous career experience in roles such as buyer or administrative assistant.

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Average Salary
$54,329
Average Salary
Job Growth Rate
26%
Job Growth Rate
Job Openings
17,520
Job Openings

Inventory Analyst Career Paths

Top Careers Before Inventory Analyst

Buyer
10.0 %

Top Careers After Inventory Analyst

Buyer
12.4 %

Inventory Analyst Jobs You Might Like

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Tell us your goals and we'll match you with the rights job to get there.

Average Salary for an Inventory Analyst

Inventory Analysts in America make an average salary of $54,329 per year or $26 per hour. The top 10 percent makes over $77,000 per year, while the bottom 10 percent under $38,000 per year.
Average Salary
$54,329
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Best Paying Cities For Inventory Analysts

City
ascdesc
Average Salarydesc
San Francisco, CA
Salary Range52k - 85k$67k$67,283
Portland, OR
Salary Range51k - 82k$65k$65,359
White Plains, NY
Salary Range46k - 78k$60k$60,272
Parsippany-Troy Hills, NJ
Salary Range44k - 76k$59k$58,536
Framingham, MA
Salary Range42k - 72k$56k$55,689
Farmington, CT
Salary Range40k - 69k$53k$53,302
Chicago, IL
Salary Range39k - 67k$52k$51,689
Richmond, VA
Salary Range39k - 67k$52k$51,515
Las Vegas, NV
Salary Range39k - 65k$51k$51,048
Phoenix, AZ
Salary Range38k - 63k$50k$49,875
San Antonio, TX
Salary Range37k - 63k$49k$48,849
Charlotte, NC
Salary Range37k - 63k$49k$48,728
Birmingham, AL
Salary Range34k - 59k$46k$45,765
Overland Park, KS
Salary Range35k - 58k$45k$45,452
Coral Gables, FL
Salary Range34k - 59k$45k$45,058
Fridley, MN
Salary Range34k - 56k$44k$43,928
Memphis, TN
Salary Range33k - 56k$44k$43,502
Fort Wayne, IN
Salary Range30k - 51k$39k$39,336
Atlanta, GA
Salary Range29k - 50k$39k$38,616
$29k
$85k

Recently Added Salaries

CompanyascdescCompanyascdescStart DateascdescSalaryascdesc
Inventory Analyst
Adecco USA
08/05/2021
$48,00108/05/2021
Inventory Analyst
Robert Half
08/05/2021
$33,39208/05/2021
Inventory Analyst
Robert Half
08/05/2021
$50,00008/05/2021
Inventory Analyst
Robert Half
08/05/2021
$35,00008/05/2021
Inventory Analyst
Robert Half
08/03/2021
$31,38808/03/2021
See More Recent Salaries

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Inventory Analyst Resumes

Designing and figuring out what to include on your resume can be tough, not to mention time-consuming. That's why we put together a guide that is designed to help you craft the perfect resume for becoming an Inventory Analyst. If you're needing extra inspiration, take a look through our selection of templates that are specific to your job.

Learn How To Write an Inventory Analyst Resume

At Zippia, we went through countless Inventory Analyst resumes and compiled some information about how to optimize them. Here are some suggestions based on what we found, divided by the individual sections of the resume itself.

View Inventory Analyst Resume Examples And Templates

Inventory Analyst Demographics

Gender

male

53.7 %

female

41.5 %

unknown

4.8 %

Ethnicity

White

64.3 %

Hispanic or Latino

12.5 %

Black or African American

10.2 %

Foreign Languages Spoken

Spanish

55.6 %

French

9.9 %

Chinese

6.9 %
Show More Inventory Analyst Demographics

Inventory Analyst Education

Majors

Business
39.5 %
Finance
6.0 %

Degrees

Bachelors

66.9 %

Associate

15.4 %

Masters

8.1 %

Top Colleges for Inventory Analysts

1. University of Southern California

Los Angeles, CA • Private

In-State Tuition
$56,225
Enrollment
19,548

2. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition
$55,584
Enrollment
10,764

3. SUNY Stony Brook

Stony Brook, NY • Private

In-State Tuition
$9,625
Enrollment
17,407

4. New York University

New York, NY • Private

In-State Tuition
$51,828
Enrollment
26,339

5. University of Illinois at Urbana-Champaign

Champaign, IL • Private

In-State Tuition
$15,094
Enrollment
32,974

6. Northwestern University

Evanston, IL • Private

In-State Tuition
$54,568
Enrollment
8,451

7. Carnegie Mellon University

Pittsburgh, PA • Private

In-State Tuition
$55,465
Enrollment
6,483

8. Pennsylvania State University

University Park, PA • Private

In-State Tuition
$18,454
Enrollment
40,108

9. University of Texas at Austin

Austin, TX • Private

In-State Tuition
$10,610
Enrollment
40,329

10. Baruch College of the City University of New York

New York, NY • Private

In-State Tuition
$7,262
Enrollment
14,629
Show More Inventory Analyst Education Requirements

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Create Inventory POS System Project With Billing by use of Bootstrap Responsive AdminLTE Dashboard With PHP PHP7 MYSQL...

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Top Skills For an Inventory Analyst

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 11.1% of inventory analysts listed procedures on their resume, but soft skills such as interpersonal skills and problem-solving skills are important as well.

Best States For an Inventory Analyst

Some places are better than others when it comes to starting a career as an inventory analyst. The best states for people in this position are Alaska, Maine, Rhode Island, and Oregon. Inventory analysts make the most in Alaska with an average salary of $67,525. Whereas in Maine and Rhode Island, they would average $66,017 and $65,931, respectively. While inventory analysts would only make an average of $65,651 in Oregon, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. New Jersey

Total Inventory Analyst Jobs:
549
Highest 10% Earn:
$96,000
Location Quotient:
1.12
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

2. New York

Total Inventory Analyst Jobs:
851
Highest 10% Earn:
$98,000
Location Quotient:
1.07
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

3. Oregon

Total Inventory Analyst Jobs:
188
Highest 10% Earn:
$102,000
Location Quotient:
0.73
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
Full List Of Best States For Inventory Analysts

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Top Inventory Analyst Employers

1. Meijer
4.8
Avg. Salary: 
$63,825
Inventory Analysts Hired: 
199+
2. Sears Holdings
4.3
Avg. Salary: 
$74,653
Inventory Analysts Hired: 
128+
3. Robert Half International
4.5
Avg. Salary: 
$44,227
Inventory Analysts Hired: 
107+
4. Staples
4.6
Avg. Salary: 
$72,282
Inventory Analysts Hired: 
79+
5. Caterpillar
4.7
Avg. Salary: 
$57,987
Inventory Analysts Hired: 
55+
6. Cardinal Health
4.7
Avg. Salary: 
$61,182
Inventory Analysts Hired: 
50+

Inventory Analyst Videos

Updated August 18, 2021