An inventory planner is responsible for creating effective strategies to boost the profitability of an organization. It is expected of an inventory planner to track records of shipments of goods and ensure that databases are updated in the organization's inventory system to avoid discrepancies.

It is also your duty as an inventory planner to predict future inventory needs and construct pre-season plans that will ensure the free flow of goods based on requirements. You will be required to work with the sales and marketing department to take in monthly sales inventory and also share information with team members.

Employers require an inventory planner to have a bachelor's degree in finances, accounting, and other related fields. For this role, you need to have effective communication skills, ability to monitor individuals and organization activities at a go. Adequate planning skills and knowledge of how to use inventory management software are also necessary. An inventory planner earns an average salary of $61,000 in a year.

What Does an Inventory Planner Do

There are certain skills that many inventory planners have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed customer-service skills, detail oriented and math skills.

Learn more about what an Inventory Planner does

How To Become an Inventory Planner

If you're interested in becoming an inventory planner, one of the first things to consider is how much education you need. We've determined that 74.2% of inventory planners have a bachelor's degree. In terms of higher education levels, we found that 8.2% of inventory planners have master's degrees. Even though most inventory planners have a college degree, it's possible to become one with only a high school degree or GED.

Learn More About How To Become an Inventory Planner

Inventory Planner Career Paths

Average Salary for an Inventory Planner

Inventory Planners in America make an average salary of $65,504 per year or $31 per hour. The top 10 percent makes over $93,000 per year, while the bottom 10 percent under $45,000 per year.
Average Inventory Planner Salary
$65,504 Yearly
$31.49 hourly
$45,000
10 %
$65,000
Median
$93,000
90 %

What Am I Worth?

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Inventory Planner Education

Inventory Planner Majors

42.3 %

Inventory Planner Degrees

Bachelors

74.2 %

Associate

11.6 %

Masters

8.2 %

Top Colleges for Inventory Planners

1. Western Carolina University

Cullowhee, NC • Private

In-State Tuition
$3,926
Enrollment
9,835

2. Stanford University

Stanford, CA • Private

In-State Tuition
$51,354
Enrollment
7,083

3. Ball State University

Muncie, IN • Private

In-State Tuition
$9,896
Enrollment
15,529

4. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition
$55,584
Enrollment
10,764

5. Bowling Green State University

Bowling Green, OH • Private

In-State Tuition
$11,105
Enrollment
13,729

6. Cedar Crest College

Allentown, PA • Private

In-State Tuition
$39,216
Enrollment
1,303

7. Morgan State University

Baltimore, MD • Private

In-State Tuition
$7,900
Enrollment
6,404

8. Northwestern University

Evanston, IL • Private

In-State Tuition
$54,568
Enrollment
8,451

9. Siena Heights University

Adrian, MI • Private

In-State Tuition
$27,124
Enrollment
2,035

10. University of Akron

Akron, OH • Private

In-State Tuition
$11,463
Enrollment
13,676

Top Skills For an Inventory Planner

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 11.8% of inventory planners listed inventory levels on their resume, but soft skills such as customer-service skills and detail oriented are important as well.

Choose From 10+ Customizable Inventory Planner Resume templates

Zippia allows you to choose from different easy-to-use Inventory Planner templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your Inventory Planner resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.

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Inventory Planner Demographics

Inventory Planner Gender Distribution

Male
Male
53%
Female
Female
47%

After extensive research and analysis, Zippia's data science team found that:

  • Among inventory planners, 47.0% of them are women, while 53.0% are men.

  • The most common race/ethnicity among inventory planners is White, which makes up 67.7% of all inventory planners.

  • The most common foreign language among inventory planners is Spanish at 40.2%.

Online Courses For Inventory Planner That You May Like

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Inventory and Portfolio Management
edX (Global)

Inventory is also company money, materialized in supplies towards the elaboration of products in-process, finished and for sale. Keeping an organized and updated inventory will allow you to save time and resources. Also, knowing that type of product you have available and what state it is in helps in organizing what you already have, so you will not have waste and you will be able to sell as you produce. Inventory is a hidden treasure for companies. In this online course you will learn to...

Supply Chains for Manufacturing: Inventory Analytics
edX (Global)

A supply chain entails two or more parties that are linked together by material, information and money flows. The management of a supply chain attempts to coordinate the activities of the parties so that merchandise is produced and distributed at the right quantities, to the right locations, and at the right time, in order to minimize system-wide costs while satisfying service level requirements. As part of the Principles of Manufacturing MicroMasters program, this course will expose learners...

Supply Chain Management A-Z: Operations & Logistics Basics
udemy
4.5
(671)

Supply Chain Management Basics: An MBA style course to boost your career as a business operations & logistics manager...

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Best States For an Inventory Planner

Some places are better than others when it comes to starting a career as an inventory planner. The best states for people in this position are California, Washington, New Jersey, and New Hampshire. Inventory planners make the most in California with an average salary of $86,331. Whereas in Washington and New Jersey, they would average $79,106 and $78,493, respectively. While inventory planners would only make an average of $71,773 in New Hampshire, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. California

Total Inventory Planner Jobs:
2,064
Highest 10% Earn:
$134,000
Location Quotient:
1.27

2. New Hampshire

Total Inventory Planner Jobs:
106
Highest 10% Earn:
$106,000
Location Quotient:
1.09

3. West Virginia

Total Inventory Planner Jobs:
94
Highest 10% Earn:
$102,000
Location Quotient:
1.11
Full List Of Best States For Inventory Planners

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Top Inventory Planner Employers

Most Common Employers For Inventory Planner

Rank  Company  Average Salary  Hourly Rate  Job Openings  
1Macy's$91,604$44.0472
2Amazon$85,895$41.3080
3American Eagle Outfitters$85,486$41.1010
4Walmart$82,586$39.709
5Thermo Fisher Scientific$80,796$38.849
6Goodman Manufacturing$78,924$37.9415
7Gap Inc.$77,988$37.4939
8The Kraft Group$72,849$35.0236
9Williams Sonoma$71,007$34.1416
10The Coca-Cola Company$70,088$33.7034

Inventory Planner Videos