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What is an inventory management specialist and how to become one
Inventory management specialists help companies manage their inventory levels to meet customer demand and reduce losses. They lead and participate in inventory planning and strategy. They monitor inventory levels and restock as needed. Also, they inspect products and stock levels to spot potential problems. Using the information from sales reports and inventory counts, they forecast inventory needs. Similarly, they recommend when to purchase stock from vendors and reduce prices. Furthermore, they prepare regular inventory reports on regular counts, stock outages, and replenishments, among others.
For this role, you need a minimum of a high school diploma. However, some employers prefer a bachelor's degree. You must have previous relevant work experience. Core skills are problem-solving, maths, and communication skills. Work tools include lifting equipment, inventory tracking tools, productivity software, and inventory management software. These experts are paid about $47,915 per annum. Their salary is between $26,000 and $87,000.
Avg. Salary $56,032
Avg. Salary $59,228
Growth rate 1%
Growth rate 0.3%
American Indian and Alaska Native 0.66%
Asian 8.91%
Black or African American 7.71%
Hispanic or Latino 12.94%
Unknown 4.71%
White 65.06%
Genderfemale 33.80%
male 66.20%
Age - 47American 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 - 47Stress level is high
7.1 - high
Complexity level is advanced
7 - challenging
Work life balance is poor
6.4 - fair
Inventory management specialist career paths
Key steps to become an inventory management specialist
Explore inventory management specialist education requirements
Start to develop specific inventory management specialist skills
Skills Percentages Customer Service 23.42% Inventory Management System 14.71% Purchase Orders 6.87% Sales Floor 4.92% Stock Merchandise 4.90% Complete relevant inventory management specialist training and internships
Accountants spend an average of Less than 1 month on post-employment, on-the-job training. New inventory management specialists 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 management specialist based on U.S. Bureau of Labor Statistics data and data from real inventory management specialist resumes.Research inventory management specialist duties and responsibilities
- Plan, purchase and manage various commodities through the use of various MRP systems.
- Experience decision-maker in high-pressure environments; efficiently manage vital decision points autonomously to ensure mission accomplishment in multiple combat deployments.
- Scan product bins with RF scanner for refills.
- Update the department's inventory with the RF scanner.
Prepare your inventory management specialist resume
When your background is strong enough, you can start writing your inventory management specialist 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 management specialist 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 management specialist resume templates
Build a professional inventory management specialist 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 management specialist resume.
Apply for inventory management specialist jobs
Now it's time to start searching for an inventory management specialist 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
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Average inventory management specialist salary
The average inventory management specialist salary in the United States is $56,032 per year or $27 per hour. Inventory management specialist salaries range between $38,000 and $81,000 per year.
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Updated January 8, 2025
