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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 | Supply Manager | |
| Yearly salary | $56,032 | $96,971 |
| Hourly rate | $26.94 | $46.62 |
| Growth rate | 1% | -6% |
| Number of jobs | 108,982 | 30,833 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 38% | Bachelor's Degree, 58% |
| 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 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 specialists and supply managers have different pay scales, as shown below.
| Inventory Management Specialist | Supply Manager | |
| Average salary | $56,032 | $96,971 |
| Salary range | Between $38,000 And $81,000 | Between $68,000 And $137,000 |
| Highest paying City | Tracy, CA | Fremont, CA |
| Highest paying state | Maryland | New York |
| Best paying company | NVIDIA | PVH |
| Best paying industry | Government | Technology |
There are a few differences between an inventory management specialist and a supply manager in terms of educational background:
| Inventory Management Specialist | Supply Manager | |
| Most common degree | Bachelor's Degree, 38% | Bachelor's Degree, 58% |
| Most common major | Business | Business |
| Most common college | Stanford University | Stanford University |
Here are the differences between inventory management specialists' and supply managers' demographics:
| Inventory Management Specialist | Supply Manager | |
| Average age | 47 | 47 |
| Gender ratio | Male, 66.2% Female, 33.8% | Male, 70.0% Female, 30.0% |
| 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, 65.3% American Indian and Alaska Native, 0.7% |
| LGBT Percentage | 10% | 10% |