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The differences between inventory analysts and supply chain analysts can be seen in a few details. Each job has different responsibilities and duties. Additionally, a supply chain analyst has an average salary of $67,450, 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 a supply chain analyst are supply chain, logistics, and customer service.
| Inventory Analyst | Supply Chain Analyst | |
| Yearly salary | $58,944 | $67,450 |
| Hourly rate | $28.34 | $32.43 |
| Growth rate | 23% | 28% |
| Number of jobs | 25,500 | 37,979 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 73% |
| Average age | 45 | 41 |
| Years of experience | - | 6 |
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.
A supply chain analyst is responsible for handling the supply chain operations of an organization, aligning processes, and identifying areas of improvement to initiate procedures and create smooth supply delivery transactions. Supply chain analysts monitor the adequacy of stock inventory, including the trends in the market industry, to meet the public demands and ensuring that the business provides those interests. They also evaluate the supply cycle, from the planning stages to the final distribution, and analyzing aspects to minimize complexities and cost-reduction without compromising the quality of services.
Inventory analysts and supply chain analysts have different pay scales, as shown below.
| Inventory Analyst | Supply Chain Analyst | |
| Average salary | $58,944 | $67,450 |
| Salary range | Between $42,000 And $80,000 | Between $50,000 And $90,000 |
| Highest paying City | San Francisco, CA | Arlington, VA |
| Highest paying state | California | Virginia |
| Best paying company | Intel | Meta |
| Best paying industry | Manufacturing | Manufacturing |
There are a few differences between an inventory analyst and a supply chain analyst in terms of educational background:
| Inventory Analyst | Supply Chain Analyst | |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 73% |
| Most common major | Business | Business |
| Most common college | University of Southern California | Stanford University |
Here are the differences between inventory analysts' and supply chain analysts' demographics:
| Inventory Analyst | Supply Chain Analyst | |
| Average age | 45 | 41 |
| Gender ratio | Male, 56.1% Female, 43.9% | Male, 59.3% Female, 40.7% |
| 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, 10.3% Unknown, 5.7% Hispanic or Latino, 19.8% Asian, 11.4% White, 52.5% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 9% | 9% |