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The differences between inventory leads and inventory analysts can be seen in a few details. Each job has different responsibilities and duties. Additionally, an inventory analyst has an average salary of $58,944, which is higher than the $42,812 average annual salary of an inventory lead.
The top three skills for an inventory lead include PET, direct reports and customer service. The most important skills for an inventory analyst are supply chain, customer service, and logistics.
| Inventory Lead | Inventory Analyst | |
| Yearly salary | $42,812 | $58,944 |
| Hourly rate | $20.58 | $28.34 |
| Growth rate | -3% | 23% |
| Number of jobs | 19,766 | 25,500 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 39% | Bachelor's Degree, 67% |
| Average age | 45 | 45 |
| Years of experience | 2 | - |
The inventory lead acts as an inventory manager who oversees the inventory level of a business and leads inventory or warehouse employees in record-tracking of new stocks delivered and shipped out. The inventory manager is responsible for recording daily deliveries, assessing new shipments, and analyzing various suppliers. To optimize operations, he/she manages employee's schedules, shipments, and deliveries and develops interpersonal ability and leadership skills while working with marketing, sales, and purchasing managers.
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.
Inventory leads and inventory analysts have different pay scales, as shown below.
| Inventory Lead | Inventory Analyst | |
| Average salary | $42,812 | $58,944 |
| Salary range | Between $30,000 And $60,000 | Between $42,000 And $80,000 |
| Highest paying City | East Windsor, NJ | San Francisco, CA |
| Highest paying state | New Jersey | California |
| Best paying company | Accenture | Intel |
| Best paying industry | Transportation | Manufacturing |
There are a few differences between an inventory lead and an inventory analyst in terms of educational background:
| Inventory Lead | Inventory Analyst | |
| Most common degree | Bachelor's Degree, 39% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | Western Carolina University | University of Southern California |
Here are the differences between inventory leads' and inventory analysts' demographics:
| Inventory Lead | Inventory Analyst | |
| Average age | 45 | 45 |
| Gender ratio | Male, 66.3% Female, 33.7% | Male, 56.1% Female, 43.9% |
| Race ratio | Black or African American, 10.1% Unknown, 4.9% Hispanic or Latino, 16.6% Asian, 7.0% White, 60.9% American Indian and Alaska Native, 0.5% | 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 | 11% | 9% |