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The differences between inventory management specialists and supply chain leads can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both an inventory management specialist and a supply chain lead. Additionally, a supply chain lead has an average salary of $101,348, which is higher than the $56,032 average annual salary of an inventory management specialist.
The top three skills for an inventory management specialist include customer service, inventory management system and purchase orders. The most important skills for a supply chain lead are supply chain, project management, and kpis.
| Inventory Management Specialist | Supply Chain Lead | |
| Yearly salary | $56,032 | $101,348 |
| Hourly rate | $26.94 | $48.73 |
| Growth rate | 1% | - |
| Number of jobs | 108,982 | 34,069 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 38% | Bachelor's Degree, 69% |
| Average age | 47 | 47 |
| Years of experience | 6 | 6 |
An inventory management specialist is responsible for maintaining the adequacy of stock supplies to support customers' needs. Inventory management specialists help develop inventory processes and strategies to keep the supplies organized and free of any defects while on storage. They also monitor inventory costs and process orders through various software tools, requiring them to have a working knowledge of computer systems and the ability to operate warehouse equipment and machinery on moving merchandise around the warehouse.
A supply chain lead specializes in overseeing the supply chain in a company, ensuring that everything is running smoothly. They are primarily responsible for managing schedules, monitoring supplies and logistics, addressing and resolving issues and concerns, and building positive relationships with vendors and suppliers. Supply chain leaders must also maintain quality control and inventory, coordinate workers, and produce progress reports for supervisors and high-ranking personnel. Furthermore, it is essential to lead and encourage staff, all while implementing the policies and standards of the company.
Inventory management specialists and supply chain leads have different pay scales, as shown below.
| Inventory Management Specialist | Supply Chain Lead | |
| Average salary | $56,032 | $101,348 |
| Salary range | Between $38,000 And $81,000 | Between $75,000 And $136,000 |
| Highest paying City | Tracy, CA | San Francisco, CA |
| Highest paying state | Maryland | Washington |
| Best paying company | NVIDIA | The Citadel |
| Best paying industry | Government | Professional |
There are a few differences between an inventory management specialist and a supply chain lead in terms of educational background:
| Inventory Management Specialist | Supply Chain Lead | |
| Most common degree | Bachelor's Degree, 38% | Bachelor's Degree, 69% |
| Most common major | Business | Business |
| Most common college | Stanford University | Stanford University |
Here are the differences between inventory management specialists' and supply chain leads' demographics:
| Inventory Management Specialist | Supply Chain Lead | |
| Average age | 47 | 47 |
| Gender ratio | Male, 66.2% Female, 33.8% | Male, 71.5% Female, 28.5% |
| Race ratio | Black or African American, 7.7% Unknown, 4.7% Hispanic or Latino, 12.9% Asian, 8.9% White, 65.1% American Indian and Alaska Native, 0.7% | Black or African American, 7.4% Unknown, 4.7% Hispanic or Latino, 12.5% Asian, 8.8% White, 66.0% American Indian and Alaska Native, 0.7% |
| LGBT Percentage | 10% | 10% |