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Inventory management specialist vs supply manager

The differences between inventory management specialists and supply managers 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 manager. Additionally, a supply manager has an average salary of $96,971, 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 manager are supply chain, patients, and supplier performance.

Inventory management specialist vs supply manager overview

Inventory Management SpecialistSupply Manager
Yearly salary$56,032$96,971
Hourly rate$26.94$46.62
Growth rate1%-6%
Number of jobs108,98230,833
Job satisfaction--
Most common degreeBachelor's Degree, 38%Bachelor's Degree, 58%
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 manager do?

A supply manager or supply chain manager is an individual who supervises the import or creation of raw materials that are to be used by the company to form new products. Supply managers are required to coordinate all aspects of the supply chain to ensure that they are efficient and cost-effective. They must maintain low costs and high efficiency by building and maintaining relationships with the company's partners. Supply managers should also recruit staff members and provide training to help them learn and master their jobs.

Inventory management specialist vs supply manager salary

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

Inventory Management SpecialistSupply Manager
Average salary$56,032$96,971
Salary rangeBetween $38,000 And $81,000Between $68,000 And $137,000
Highest paying CityTracy, CAFremont, CA
Highest paying stateMarylandNew York
Best paying companyNVIDIAPVH
Best paying industryGovernmentTechnology

Differences between inventory management specialist and supply manager education

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

Inventory Management SpecialistSupply Manager
Most common degreeBachelor's Degree, 38%Bachelor's Degree, 58%
Most common majorBusinessBusiness
Most common collegeStanford UniversityStanford University

Inventory management specialist vs supply manager demographics

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

Inventory Management SpecialistSupply Manager
Average age4747
Gender ratioMale, 66.2% Female, 33.8%Male, 70.0% Female, 30.0%
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, 7.6% Unknown, 4.7% Hispanic or Latino, 12.8% Asian, 9.0% White, 65.3% American Indian and Alaska Native, 0.7%
LGBT Percentage10%10%

Differences between inventory management specialist and supply manager 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 manager example responsibilities.

  • Manage global supply partners for PCB assembly from product introduction through mass production.
  • Manage supplier relationship, conduct quarterly supplier reviews to ensure suppliers are meeting predetermine KPI's.
  • Lead, organize and complete all assignment and/or replication of OEM software contracts for Lucent/AVAYA spin-off.
  • Manage supplier MRP by identifying and tracking critical component changes, board spins, and lead-time analysis.
  • Develop detail CapEx requirements, secure CapEx funding, and manage the supply and qualification of production equipment.
  • Manage hedging of key commodities to reduce volatility in their prices and generate cost savings for manufacturing centers
  • Show more

Inventory management specialist vs supply manager 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 manager skills
  • Supply Chain, 25%
  • Patients, 6%
  • Supplier Performance, 6%
  • Supplier Relationships, 5%
  • Cost Savings, 5%
  • Chain Management, 5%

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