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Inventory Planner Careers

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.

There is more than meets the eye when it comes to being an inventory planner. For example, did you know that they make an average of $29.45 an hour? That's $61,261 a year!

Between 2018 and 2028, the career is expected to grow 1% and produce 46,900 job opportunities across the U.S.

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.

When it comes to the most important skills required to be an inventory planner, we found that a lot of resumes listed 11.8% of inventory planners included inventory levels, while 10.2% of resumes included supply chain, and 7.0% of resumes included purchase orders. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.

When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the inventory planner job title. But what industry to start with? Most inventory planners actually find jobs in the retail and manufacturing industries.

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 68.3% of inventory planners have a bachelor's degree. In terms of higher education levels, we found that 7.4% 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.

Choosing the right major is always an important step when researching how to become an inventory planner. When we researched the most common majors for an inventory planner, we found that they most commonly earn bachelor's degree degrees or associate degree degrees. Other degrees that we often see on inventory planner resumes include master's degree degrees or high school diploma degrees.

You may find that experience in other jobs will help you become an inventory planner. In fact, many inventory planner jobs require experience in a role such as buyer. Meanwhile, many inventory planners also have previous career experience in roles such as customer service representative or inventory analyst.

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Average Salary
$61,261
Average Salary
Job Growth Rate
1%
Job Growth Rate
Job Openings
23,918
Job Openings

Inventory Planner Career Paths

Top Careers Before Inventory Planner

Buyer
11.8 %

Top Careers After Inventory Planner

Buyer
13.9 %

Inventory Planner Jobs You Might Like

What is the right job for my career path?

Tell us your goals and we'll match you with the rights job to get there.

Average Salary for an Inventory Planner

Inventory Planners in America make an average salary of $61,261 per year or $29 per hour. The top 10 percent makes over $86,000 per year, while the bottom 10 percent under $43,000 per year.
Average Salary
$61,261
Find Your Salary Estimate
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Best Paying Cities

City
ascdesc
Average Salarydesc
San Francisco, CA
Salary Range63k - 98k$79k$79,054
Seattle, WA
Salary Range61k - 93k$76k$75,862
Jersey City, NJ
Salary Range58k - 93k$74k$74,329
Phoenix, AZ
Salary Range50k - 80k$64k$63,723
Lorain, OH
Salary Range45k - 73k$58k$57,736
Pittsburgh, PA
Salary Range44k - 72k$57k$57,083
$37k
$98k

Recently Added Salaries

Job TitleCompanyascdescCompanyascdescStart DateascdescSalaryascdesc
Inventory Planner Analyst
Inventory Planner Analyst
Randstad
Randstad
06/11/2021
06/11/2021
$80,00006/11/2021
$80,000
Inventory Distribution Planner
Inventory Distribution Planner
JBS USA
JBS USA
05/31/2021
05/31/2021
$40,69705/31/2021
$40,697
Material Inventory Planner/Scheduler
Material Inventory Planner/Scheduler
The Reserves Network
The Reserves Network
05/26/2021
05/26/2021
$32,34905/26/2021
$32,349
Icebreaker: Ecommerce Demand and Inventory Planner
Icebreaker: Ecommerce Demand and Inventory Planner
VF Corporation
VF Corporation
05/26/2021
05/26/2021
$66,52805/26/2021
$66,528
Inventory Distribution Planner
Inventory Distribution Planner
Pilgrim's
Pilgrim's
05/25/2021
05/25/2021
$40,69705/25/2021
$40,697
See More Recent Salaries

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Inventory Planner Demographics

Gender

male

49.9 %

female

44.7 %

unknown

5.4 %

Ethnicity

White

67.3 %

Hispanic or Latino

15.4 %

Black or African American

8.6 %

Foreign Languages Spoken

Spanish

40.2 %

Chinese

7.6 %

French

7.6 %
See More Demographics

Inventory Planner Education

Majors

Business
42.3 %

Degrees

Bachelors

68.3 %

Associate

10.9 %

Certificate

8.9 %

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
See More Education Info

Online Courses For Inventory Planner That You May Like

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...

Fundamentals of Logistics, Supply Chain & Customer Service
udemy
4.4
(656)

3 Courses in 1. Learn Logistics, Supply Chain and Customer Service...

PHP for Beginners to Inventory POS Sales Project - AdminLTE
udemy
4.4
(274)

Create Inventory POS System Project With Billing by use of Bootstrap Responsive AdminLTE Dashboard With PHP PHP7 MYSQL...

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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.

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 Oregon, Washington, New Jersey, and Massachusetts. Inventory planners make the most in Oregon with an average salary of $83,650. Whereas in Washington and New Jersey, they would average $74,989 and $73,812, respectively. While inventory planners would only make an average of $73,364 in Massachusetts, 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. Massachusetts

Total Inventory Planner Jobs:
516
Highest 10% Earn:
$110,000
Location Quotient:
1.01
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

2. California

Total Inventory Planner Jobs:
2,064
Highest 10% Earn:
$107,000
Location Quotient:
1.27
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

3. New Jersey

Total Inventory Planner Jobs:
426
Highest 10% Earn:
$114,000
Location Quotient:
0.97
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
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Top Inventory Planner Employers

1. Macy's
4.6
Avg. Salary: 
$87,012
Inventory Planners Hired: 
71+
2. Amazon.com
4.7
Avg. Salary: 
$75,039
Inventory Planners Hired: 
58+
3. Gap
4.6
Avg. Salary: 
$75,279
Inventory Planners Hired: 
41+
4. Kraft Group
4.8
Avg. Salary: 
$48,913
Inventory Planners Hired: 
36+
5. The Coca-Cola Company
4.8
Avg. Salary: 
$51,519
Inventory Planners Hired: 
34+
6. Boeing
4.9
Avg. Salary: 
$89,553
Inventory Planners Hired: 
23+

Inventory Planner Videos

Updated October 2, 2020