Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between inventory analysts and analysts can be seen in a few details. Each job has different responsibilities and duties. Additionally, an analyst has an average salary of $73,007, which is higher than the $58,944 average annual salary of an inventory analyst.
The top three skills for an inventory analyst include supply chain, customer service and logistics. The most important skills for an analyst are customer service, troubleshoot, and data analysis.
| Inventory Analyst | Analyst | |
| Yearly salary | $58,944 | $73,007 |
| Hourly rate | $28.34 | $35.10 |
| Growth rate | 23% | 11% |
| Number of jobs | 25,500 | 253,138 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 67% |
| Average age | 45 | 44 |
| Years of experience | - | 4 |
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.
Analysts are employees or individual contributors with a vast experience in a particular field that help the organization address challenges. They help the organization improve processes, policies, and other operations protocol by studying the current processes in place and determining the effectiveness of those processes. They also research industry trends and data to make sound inferences and recommendations on what the company should do to improve their numbers. Analysts recommend business solutions and often help the organization roll out these solutions. They ensure that the proposed action plans are effective and produce the desired results.
Inventory analysts and analysts have different pay scales, as shown below.
| Inventory Analyst | Analyst | |
| Average salary | $58,944 | $73,007 |
| Salary range | Between $42,000 And $80,000 | Between $53,000 And $99,000 |
| Highest paying City | San Francisco, CA | Jersey City, NJ |
| Highest paying state | California | New Jersey |
| Best paying company | Intel | The Citadel |
| Best paying industry | Manufacturing | Technology |
There are a few differences between an inventory analyst and an analyst in terms of educational background:
| Inventory Analyst | Analyst | |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | University of Southern California | Northwestern University |
Here are the differences between inventory analysts' and analysts' demographics:
| Inventory Analyst | Analyst | |
| Average age | 45 | 44 |
| Gender ratio | Male, 56.1% Female, 43.9% | Male, 52.4% Female, 47.6% |
| Race ratio | 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% | Black or African American, 7.4% Unknown, 4.4% Hispanic or Latino, 8.5% Asian, 14.3% White, 65.2% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 9% | 12% |