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What is an Inventory Management Specialist

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.

There is more than meets the eye when it comes to being an Inventory Management Specialist. For example, did you know that they make an average of $27.21 an hour? That's $56,603 a year!

Between 2018 and 2028, the career is expected to grow 1% and produce 46,900 job opportunities across the U.S.

What Does an Inventory Management Specialist Do

There are certain skills that many Inventory Management Specialists have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed Detail oriented, Math skills and Customer-service skills.

Learn more about what an Inventory Management Specialist does

How To Become an Inventory Management Specialist

If you're interested in becoming an Inventory Management Specialist, one of the first things to consider is how much education you need. We've determined that 38.5% of Inventory Management Specialists have a bachelor's degree. In terms of higher education levels, we found that 4.8% of Inventory Management Specialists have master's degrees. Even though some Inventory Management Specialists have a college degree, it's possible to become one with only a high school degree or GED.

Choosing the right major is always an important step when researching how to become an Inventory Management Specialist. When we researched the most common majors for an Inventory Management Specialist, we found that they most commonly earn Bachelor's Degree degrees or High School Diploma degrees. Other degrees that we often see on Inventory Management Specialist resumes include Associate Degree degrees or Diploma degrees.

You may find that experience in other jobs will help you become an Inventory Management Specialist. In fact, many Inventory Management Specialist jobs require experience in a role such as Cashier. Meanwhile, many Inventory Management Specialists also have previous career experience in roles such as Sales Associate or Customer Service Representative.

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And if you’re looking for a job, here are the five top employers hiring now:

  1. Bank of America Jobs (17)
  2. Honeywell Jobs (33)
  3. Amazon Jobs (26)
  4. Science Applications International Jobs (25)
  5. Fastenal Jobs (11)
Average Salary
$56,603
Average Salary
Job Growth Rate
1%
Job Growth Rate
Job Openings
134,383
Job Openings
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Inventory Management Specialist Career Paths

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Average Salary for an Inventory Management Specialist

Inventory Management Specialists in America make an average salary of $56,603 per year or $27 per hour. The top 10 percent makes over $79,000 per year, while the bottom 10 percent under $40,000 per year.
Average Salary
$56,603
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12 Inventory Management Specialist Resume Examples

Learn How To Write an Inventory Management Specialist Resume

At Zippia, we went through countless Inventory Management Specialist resumes and compiled some information about how to optimize them. Here are some suggestions based on what we found, divided by the individual sections of the resume itself.

View Inventory Management Specialist Resume Examples And Templates

And if you’re looking for a job, here are the five top employers hiring now:

  1. Bank of America Jobs (17)
  2. Honeywell Jobs (33)
  3. Amazon Jobs (26)
  4. Science Applications International Jobs (25)
  5. Fastenal Jobs (11)

Choose From 10+ Customizable Inventory Management Specialist Resume templates

Zippia allows you to choose from different easy-to-use Inventory Management Specialist templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your Inventory Management Specialist resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.

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Inventory Management Specialist Demographics

Inventory Management Specialist Gender Distribution

Male
Male
66%
Female
Female
34%

After extensive research and analysis, Zippia's data science team found that:

  • Among Inventory Management Specialists, 33.8% of them are women, while 66.2% are men.

  • The most common race/ethnicity among Inventory Management Specialists is White, which makes up 69.6% of all Inventory Management Specialists.

  • The most common foreign language among Inventory Management Specialists is Spanish at 62.8%.

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Inventory Management Specialist Education

Inventory Management Specialist Majors

30.4 %

Inventory Management Specialist Degrees

Bachelors

38.5 %

High School Diploma

25.6 %

Associate

21.7 %

Top Colleges for Inventory Management Specialists

1. Stanford University

Stanford, CA • Private

In-State Tuition
$51,354
Enrollment
7,083

2. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition
$55,584
Enrollment
10,764

3. Northwestern University

Evanston, IL • Private

In-State Tuition
$54,568
Enrollment
8,451

4. Maine Maritime Academy

Castine, ME • Private

In-State Tuition
$13,478
Enrollment
979

5. University of Southern California

Los Angeles, CA • Private

In-State Tuition
$56,225
Enrollment
19,548

6. California State University - Bakersfield

Bakersfield, CA • Private

In-State Tuition
$7,309
Enrollment
9,142

7. SUNY at Binghamton

Vestal, NY • Private

In-State Tuition
$9,808
Enrollment
13,990

8. Villanova University

Villanova, PA • Private

In-State Tuition
$53,308
Enrollment
6,819

9. San Diego State University

San Diego, CA • Private

In-State Tuition
$7,488
Enrollment
30,018

10. Bentley University

Waltham, MA • Private

In-State Tuition
$49,880
Enrollment
4,177
Job Openings

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Online Courses For Inventory Management Specialist That You May Like

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Inventory is also company money, materialized in supplies towards the elaboration of products in-process, finished and for sale. Keeping an organized and updated inventory will allow you to save time and resources. Also, knowing that type of product you have available and what state it is in helps in organizing what you already have, so you will not have waste and you will be able to sell as you produce. Inventory is a hidden treasure for companies. In this online course you will learn to...

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Top Skills For an Inventory Management Specialist

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 17.1% of Inventory Management Specialists listed Customer Service on their resume, but soft skills such as Detail oriented and Math skills are important as well.

Best States For an Inventory Management Specialist

Some places are better than others when it comes to starting a career as an Inventory Management Specialist. The best states for people in this position are New Jersey, California, Maryland, and New York. Inventory Management Specialists make the most in New Jersey with an average salary of $72,579. Whereas in California and Maryland, they would average $70,809 and $65,378, respectively. While Inventory Management Specialists would only make an average of $62,687 in New York, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. New Jersey

Total Inventory Management Specialist Jobs:
1,550
Highest 10% Earn:
$107,000
Location Quotient:
1.04
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

2. California

Total Inventory Management Specialist Jobs:
5,637
Highest 10% Earn:
$109,000
Location Quotient:
1.03
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

3. Virginia

Total Inventory Management Specialist Jobs:
2,146
Highest 10% Earn:
$93,000
Location Quotient:
1.22
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
Full List Of Best States For Inventory Management Specialists

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Top Inventory Management Specialist Employers

Most Common Employers For Inventory Management Specialist

RankCompanyZippia ScoreAverage Inventory Management Specialist SalaryAverage Salary
1$94,635
2$84,052
3$72,012
4$71,587
5$58,782
6
6.SENTEL
$57,434

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