Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
Inventory planner hiring summary. Here are some key points about hiring inventory planners in the United States:
Here's a step-by-step inventory planner hiring guide:
An inventory planner is an individual who is responsible for creating effective inventory plans and strategies to maximize profitability for an organization. Inventory planners are required to produce documents that detail the quantity specifications of the organization's product or equipment. They must maintain their files updated about the inventory by recording them into the organization's databases to avoid possible discrepancies. Inventory planners must also predict future inventory needs and producing plans for buying based on forecasts and sales data.
Before you start hiring an inventory planner, identify what type of worker you actually need. Certain positions might call for a full-time employee, while others can be done by a part-time worker or contractor.
An inventory planner's background is also an important factor in determining whether they'll be a good fit for the position. For example, inventory planners from different industries or fields will have radically different experiences and will bring different viewpoints to the role. You also need to consider the candidate's previous level of experience to make sure they'll be comfortable with the job's level of seniority.
This list shows salaries for various types of inventory planners.
| Type of Inventory Planner | Description | Hourly rate |
|---|---|---|
| Inventory Planner | Material recording clerks track product information in order to keep businesses and supply chains on schedule. They ensure proper scheduling, recordkeeping, and inventory control. | $21-44 |
| Master Scheduler | A master scheduler is in charge of overseeing and developing a company's overall production schedule, ensuring quality and workforce adherence. Their responsibilities revolve around liaising with clients to determine their needs, developing daily schedules and objectives, disseminating scheduling notices, and conducting regular inspections to ensure the completion of projects in a timely and efficient manner... Show more | $28-48 |
| Material Coordinator | A material coordinator is in charge of processing requisitions and ensuring that all departments receive necessary goods and materials within a company. Aside from this, they must maintain positive engagements with vendors, suppliers, and business partners, negotiate contracts, manage schedules of deliveries, and prioritize cost-efficient goods... Show more | $14-25 |
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | California | $96,069 | $46 |
| 2 | Washington | $80,195 | $39 |
| 3 | New Jersey | $78,407 | $38 |
| 4 | New York | $67,788 | $33 |
| 5 | Massachusetts | $67,499 | $32 |
| 6 | Michigan | $66,727 | $32 |
| 7 | Virginia | $64,506 | $31 |
| 8 | Pennsylvania | $62,953 | $30 |
| 9 | Ohio | $62,394 | $30 |
| 10 | Arizona | $61,809 | $30 |
| 11 | Texas | $58,144 | $28 |
| 12 | Colorado | $55,612 | $27 |
| 13 | Wisconsin | $55,533 | $27 |
| 14 | Illinois | $54,764 | $26 |
| 15 | Georgia | $54,509 | $26 |
| 16 | Tennessee | $52,563 | $25 |
| 17 | North Carolina | $51,434 | $25 |
| 18 | Missouri | $50,940 | $24 |
| 19 | Florida | $50,597 | $24 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Entegris | $96,522 | $46.40 | 2 |
| 2 | Bed Bath & Beyond | $95,680 | $46.00 | |
| 3 | JCPenney | $93,497 | $44.95 | 3 |
| 4 | RH | $87,852 | $42.24 | 9 |
| 5 | Volvo Trucks | $87,362 | $42.00 | |
| 6 | Amazon | $85,895 | $41.30 | 65 |
| 7 | Merchants Fleet | $84,587 | $40.67 | |
| 8 | Walmart | $82,586 | $39.70 | 14 |
| 9 | Woodgrain | $81,240 | $39.06 | 1 |
| 10 | Thermo Fisher Scientific | $80,796 | $38.84 | 32 |
| 11 | Plug Power | $79,901 | $38.41 | |
| 12 | Pfizer | $79,250 | $38.10 | 2 |
| 13 | PVH | $78,956 | $37.96 | 6 |
| 14 | Goodman Manufacturing | $78,924 | $37.94 | |
| 15 | Halliburton | $78,337 | $37.66 | 6 |
| 16 | Gap Inc. | $77,988 | $37.49 | |
| 17 | Boston Scientific | $77,695 | $37.35 | 11 |
| 18 | PPG | $75,721 | $36.40 | 4 |
| 19 | Carrier | $74,143 | $35.65 | |
| 20 | Schneider Electric Industrial Services | $71,980 | $34.61 | 1 |
A job description for an inventory planner role includes a summary of the job's main responsibilities, required skills, and preferred background experience. Including a salary range can also go a long way in attracting more candidates to apply, and showing the first name of the hiring manager can also make applicants more comfortable. As an example, here's an inventory planner job description:
There are a few common ways to find inventory planners for your business:
Your first interview with inventory planner candidates should focus on their interest in the role and background experience. As the hiring process goes on, you can learn more about how they'd fit into the company culture in later rounds of interviews.
Remember to include a few questions that allow candidates to expand on their strengths in their own words. Asking about their unique skills might reveal things you'd miss otherwise. At this point, good candidates can move on to the technical interview.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you've selected the best inventory planner candidate for the job, it's time to write an offer letter. In addition to salary, this letter should include details about the benefits and perks you offer the candidate. Ensuring that your offer is competitive is essential, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and you should be open to discussion. After you reach an agreement, the final step is formalizing the agreement with a contract.
You should also follow up with applicants who don't get the job with an email letting them know that you've filled the position.
To prepare for the new inventory planner first day, you should share an onboarding schedule with them that covers their first period on the job. You should also quickly complete any necessary paperwork, such as employee action forms and onboarding documents like I-9, benefits enrollment, and federal and state tax forms. Finally, Human Resources must ensure a new employee file is created for internal record keeping.
There are different types of costs for hiring inventory planners. One-time cost per hire for the recruitment process. Ongoing costs include employee salary, training, onboarding, benefits, insurance, and equipment. It is essential to consider all of these costs when evaluating hiring a new inventory planner employee.
You can expect to pay around $65,504 per year for an inventory planner, as this is the median yearly salary nationally. This can vary depending on what state or city you're hiring in. If you're hiring for contract work or on a per-project basis, hourly rates for inventory planners in the US typically range between $21 and $44 an hour.