Inventory planner vs inventory analyst

The differences between inventory planners and inventory analysts can be seen in a few details. Each job has different responsibilities and duties. Additionally, an inventory planner has an average salary of $65,504, which is higher than the $58,944 average annual salary of an inventory analyst.

The top three skills for an inventory planner include supply chain, purchase orders and logistics. The most important skills for an inventory analyst are supply chain, customer service, and logistics.

Inventory planner vs inventory analyst overview

	Inventory Planner	Inventory Analyst
Yearly salary	$65,504	$58,944
Hourly rate	$31.49	$28.34
Growth rate	-3%	23%
Number of jobs	37,034	25,500
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 74%	Bachelor's Degree, 67%
Average age	45	45
Years of experience	2	-

What does an inventory planner do?

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.

What does an inventory analyst do?

An inventory analyst is an individual who is responsible for managing inventory items and the daily inventory operations of an organization. Inventory analysts are required to analyze inventory statistics and perform financial analytics to determine which products are selling the most and which are under-performing. They must coordinate with project managers and shipping supervisors to plan and schedule pickups of inventory items. Inventory analysts also order inventory from vendors and document any inventory discrepancies, such as missing items.

Inventory planner vs inventory analyst salary

Inventory planners and inventory analysts have different pay scales, as shown below.

	Inventory Planner	Inventory Analyst
Average salary	$65,504	$58,944
Salary range	Between $45,000 And $93,000	Between $42,000 And $80,000
Highest paying City	San Bruno, CA	San Francisco, CA
Highest paying state	California	California
Best paying company	Entegris	Intel
Best paying industry	Technology	Manufacturing

Differences between inventory planner and inventory analyst education

There are a few differences between an inventory planner and an inventory analyst in terms of educational background:

	Inventory Planner	Inventory Analyst
Most common degree	Bachelor's Degree, 74%	Bachelor's Degree, 67%
Most common major	Business	Business
Most common college	Western Carolina University	University of Southern California

Inventory planner vs inventory analyst demographics

Here are the differences between inventory planners' and inventory analysts' demographics:

	Inventory Planner	Inventory Analyst
Average age	45	45
Gender ratio	Male, 53.0% Female, 47.0%	Male, 56.1% Female, 43.9%
Race ratio	Black or African American, 9.4% Unknown, 5.0% Hispanic or Latino, 17.3% Asian, 7.1% White, 60.7% American Indian and Alaska Native, 0.5%	Black or African American, 12.1% Unknown, 6.0% Hispanic or Latino, 14.3% Asian, 8.5% White, 58.4% American Indian and Alaska Native, 0.6%
LGBT Percentage	11%	9%

Differences between inventory planner and inventory analyst duties and responsibilities

Inventory planner example responsibilities.

Develop process to manage import orders to manage time and inventory more effectively JDA E3 certify.
Participate in SIOP meeting and coordinate with all function teams and regional/global team to achieve corporate KPI.
Develop and implement purchasing and contract management, policies and procedures and manage ISO documents and improvements.
Review stock levels, imbalances and data integrity in JDA to ensure the supply plan is generating accurate information.
Handle complex monthly reconciliations and daily/weekly journal entries to ensure AR balance accuracy.
Facilitate communication channels between the sales groups and corporate logistics to drive improve demand forecast.

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Inventory analyst example responsibilities.

Manage vendor compliance and EDI contacts; set up new vendors and monitor EDI data flow.
Manage inventory procurement through MRP software.
Manage production and non-production stockrooms to ensure that inventory FIFO exceed industry standards.
Manage inventory levels by running bi-weekly MRP reports by identifying and validating purchasing requirements.
Collect, document, monitor, and review inventory data for accuracy and timeliness within an ERP SL system.
Analyze inventory transactions within ERP system.

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Inventory planner vs inventory analyst skills

Common inventory planner skills

Supply Chain, 12%
Purchase Orders, 9%
Logistics, 8%
Manage Inventory, 8%
Inventory Planning, 7%
Historical Data, 4%

Common inventory analyst skills

Supply Chain, 12%
Customer Service, 9%
Logistics, 7%
Purchase Orders, 6%
Inventory Control, 5%
Manage Inventory, 4%

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Updated January 8, 2025

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