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Inventory management specialist vs supply chain lead

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 vs supply chain lead overview

Inventory Management SpecialistSupply Chain Lead
Yearly salary$56,032$101,348
Hourly rate$26.94$48.73
Growth rate1%-
Number of jobs108,98234,069
Job satisfaction--
Most common degreeBachelor's Degree, 38%Bachelor's Degree, 69%
Average age4747
Years of experience66

What does an inventory management specialist do?

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.

What does a supply chain lead do?

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 specialist vs supply chain lead salary

Inventory management specialists and supply chain leads have different pay scales, as shown below.

Inventory Management SpecialistSupply Chain Lead
Average salary$56,032$101,348
Salary rangeBetween $38,000 And $81,000Between $75,000 And $136,000
Highest paying CityTracy, CASan Francisco, CA
Highest paying stateMarylandWashington
Best paying companyNVIDIAThe Citadel
Best paying industryGovernmentProfessional

Differences between inventory management specialist and supply chain lead education

There are a few differences between an inventory management specialist and a supply chain lead in terms of educational background:

Inventory Management SpecialistSupply Chain Lead
Most common degreeBachelor's Degree, 38%Bachelor's Degree, 69%
Most common majorBusinessBusiness
Most common collegeStanford UniversityStanford University

Inventory management specialist vs supply chain lead demographics

Here are the differences between inventory management specialists' and supply chain leads' demographics:

Inventory Management SpecialistSupply Chain Lead
Average age4747
Gender ratioMale, 66.2% Female, 33.8%Male, 71.5% Female, 28.5%
Race ratioBlack 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 Percentage10%10%

Differences between inventory management specialist and supply chain lead duties and responsibilities

Inventory management specialist example 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.
  • Update on hand counts to ensure accurate ordering through the POS system.
  • Create purchase requisitions base on MRP recommendations, as well as external factors.
  • Show more

Supply chain lead example responsibilities.

  • Expand role to manage TMS standalone and combine WMS / TMS implementation projects.
  • Manage RFP bids and vendor selection process including negotiation of scope and contract.
  • Lead product distribution and logistics, including contract negotiation, carrier qualification and claims management for international and domestic shipments.
  • Manage production and warehouse teams ensuring DOD policies and corporate rules and regulations compliance while exceeding government nuclear facility audit standards.
  • Develop KPIs for inventory management and demand forecasting.
  • Establish clearly define SCM targets base on project goals and client input.
  • Show more

Inventory management specialist vs supply chain lead skills

Common inventory management specialist skills
  • Customer Service, 23%
  • Inventory Management System, 15%
  • Purchase Orders, 7%
  • Sales Floor, 5%
  • Stock Merchandise, 5%
  • Safety Standards, 5%
Common supply chain lead skills
  • Supply Chain, 17%
  • Project Management, 8%
  • KPIs, 7%
  • Customer Satisfaction, 6%
  • HR, 6%
  • ERP, 5%

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