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The differences between inventory management specialists and supply chain vice presidents 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 vice president. Additionally, a supply chain vice president has an average salary of $138,019, 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 vice president are supply chain, chain operations, and chain management.
| Inventory Management Specialist | Supply Chain Vice President | |
| Yearly salary | $56,032 | $138,019 |
| Hourly rate | $26.94 | $66.36 |
| Growth rate | 1% | - |
| Number of jobs | 108,982 | 58,159 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 38% | Bachelor's Degree, 76% |
| 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.
The supply chain vice president is responsible for directing and planning all aspects of an organization's supply chain initiatives, policies, and objectives. You will oversee the inventory, distribution, and transportation activities of an organization. In addition, you will be responsible for directing and overseeing the supply chain management team in order to optimize several manufacturing locations and distribution centers. Other duties include overseeing the development of the supply chain budget, reviewing the operating performance with quality, cost, and service metrics, and collaborating with quality, customer service, and sales departments to maintain the consistency of supply and demand objectives.
Inventory management specialists and supply chain vice presidents have different pay scales, as shown below.
| Inventory Management Specialist | Supply Chain Vice President | |
| Average salary | $56,032 | $138,019 |
| Salary range | Between $38,000 And $81,000 | Between $93,000 And $202,000 |
| Highest paying City | Tracy, CA | San Francisco, CA |
| Highest paying state | Maryland | Washington |
| Best paying company | NVIDIA | Karma Automotive |
| Best paying industry | Government | Hospitality |
There are a few differences between an inventory management specialist and a supply chain vice president in terms of educational background:
| Inventory Management Specialist | Supply Chain Vice President | |
| Most common degree | Bachelor's Degree, 38% | Bachelor's Degree, 76% |
| Most common major | Business | Business |
| Most common college | Stanford University | Stanford University |
Here are the differences between inventory management specialists' and supply chain vice presidents' demographics:
| Inventory Management Specialist | Supply Chain Vice President | |
| Average age | 47 | 47 |
| Gender ratio | Male, 66.2% Female, 33.8% | Male, 90.0% Female, 10.0% |
| 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, 7.6% Unknown, 4.7% Hispanic or Latino, 12.8% Asian, 9.0% White, 65.2% American Indian and Alaska Native, 0.7% |
| LGBT Percentage | 10% | 10% |