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What is an inventory analyst and how to become one
An inventory analyst manages a company's inventory levels, ensuring the right amount of stock. They analyze sales data, forecast demand, and monitor inventory levels to determine orders and needs. Inventory analysts work with sales and logistics to ensure that inventory levels remain optimal. They also conduct inventory audits to identify any discrepancies or areas for improvement. The role requires analytical skills, attention to detail, and the ability to work under pressure in a fast-paced environment.
Avg. Salary $58,944
Avg. Salary $59,228
Growth rate 23%
Growth rate 0.3%
American Indian and Alaska Native 0.63%
Asian 8.52%
Black or African American 12.14%
Hispanic or Latino 14.29%
Unknown 6.00%
White 58.41%
Genderfemale 43.86%
male 56.14%
Age - 44American Indian and Alaska Native 3.00%
Asian 7.00%
Black or African American 14.00%
Hispanic or Latino 19.00%
White 57.00%
Genderfemale 47.00%
male 53.00%
Age - 44Stress level is manageable
7.1 - high
Complexity level is advanced
7 - challenging
Work life balance is fair
6.4 - fair
What are the pros and cons of being an inventory analyst?
Pros
Opportunity to work in a variety of industries
Opportunity for advancement within the company
Opportunity to work independently and manage projects
Good compensation and benefits packages
High demand for inventory analysts in many industries
Cons
May require long hours or weekend work during periods of high demand
May require significant data entry and manipulation
May require dealing with difficult or irate customers or vendors
Can be affected by external factors such as economic downturns or supply chain disruptions
May require frequent meetings or check-ins with management or other teams
Inventory analyst career paths
Key steps to become an inventory analyst
Explore inventory analyst education requirements
Start to develop specific inventory analyst skills
Skills Percentages Supply Chain 11.83% Customer Service 9.12% Logistics 6.71% Purchase Orders 6.00% Inventory Control 5.35% Complete relevant inventory analyst training and internships
Accountants spend an average of 6-12 months on post-employment, on-the-job training. New inventory analysts learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as an inventory analyst based on U.S. Bureau of Labor Statistics data and data from real inventory analyst resumes.Research inventory analyst duties and responsibilities
- Manage vendor compliance and EDI contacts; set up new vendors and monitor EDI data flow.
- Manage inventory procurement through MRP software.
- Manage production and non-production stockrooms to ensure that inventory FIFO exceed industry standards.
- Manage inventory levels by running bi-weekly MRP reports by identifying and validating purchasing requirements.
Prepare your inventory analyst resume
When your background is strong enough, you can start writing your inventory analyst resume.
You can use Zippia's AI resume builder to make the resume writing process easier while also making sure that you include key information that hiring managers expect to see on an inventory analyst resume. You'll find resume tips and examples of skills, responsibilities, and summaries, all provided by Zippi, your career sidekick.
Choose from 10+ customizable inventory analyst resume templates
Build a professional inventory analyst resume in minutes. Browse through our resume examples to identify the best way to word your resume. Then choose from 10+ resume templates to create your inventory analyst resume.
Apply for inventory analyst jobs
Now it's time to start searching for an inventory analyst job. Consider the tips below for a successful job search:
- Browse job boards for relevant postings
- Consult your professional network
- Reach out to companies you're interested in working for directly
- Watch out for job scams
How did you land your first inventory analyst job
Are you an inventory analyst?
Share your story for a free salary report.
Average inventory analyst salary
The average inventory analyst salary in the United States is $58,944 per year or $28 per hour. Inventory analyst salaries range between $42,000 and $80,000 per year.
What am I worth?
How do inventory analysts rate their job?
Inventory analyst reviews
Well when looking in the figures you will understand immediately how the organization doing, then when you send the info and your are correct and they don't listen then they realize that you where right, you look at there faces you will feel like you own the world.
we put a lot of hours, we earn our salaries from our eyes so salary is not up to what we do. but i do it because i love this job.
Its all sitting, and you are unlikely to get a raise
Updated January 8, 2025
