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The differences between inventory planners and inventory coordinators can be seen in a few details. Each job has different responsibilities and duties. It typically takes 1-2 years to become both an inventory planner and an inventory coordinator. Additionally, an inventory planner has an average salary of $65,504, which is higher than the $37,142 average annual salary of an inventory coordinator.
The top three skills for an inventory planner include supply chain, purchase orders and logistics. The most important skills for an inventory coordinator are customer service, cleanliness, and sales floor.
| Inventory Planner | Inventory Coordinator | |
| Yearly salary | $65,504 | $37,142 |
| Hourly rate | $31.49 | $17.86 |
| Growth rate | -3% | -3% |
| Number of jobs | 37,034 | 38,774 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 49% |
| Average age | 45 | 45 |
| Years of experience | 2 | 2 |
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.
An inventory coordinator specializes in overseeing the supply flow of materials in a warehouse or similar setting. It is their responsibility to manage and handle the inventory, ensuring that the quantity and quality of materials align with company standards. Moreover, they are also responsible for assessing staff's performance, coordinating with different employees to ensure the accuracy of services, gathering and organizing data, maintaining records of transactions, and responding to any inquiries or concerns. As an inventory coordinator, it is essential to devise strategies for optimal performance, all while implementing the company's policies and regulations.
Inventory planners and inventory coordinators have different pay scales, as shown below.
| Inventory Planner | Inventory Coordinator | |
| Average salary | $65,504 | $37,142 |
| Salary range | Between $45,000 And $93,000 | Between $29,000 And $46,000 |
| Highest paying City | San Bruno, CA | Grand Forks, ND |
| Highest paying state | California | North Dakota |
| Best paying company | Entegris | BD |
| Best paying industry | Technology | Energy |
There are a few differences between an inventory planner and an inventory coordinator in terms of educational background:
| Inventory Planner | Inventory Coordinator | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 49% |
| Most common major | Business | Business |
| Most common college | Western Carolina University | Western Carolina University |
Here are the differences between inventory planners' and inventory coordinators' demographics:
| Inventory Planner | Inventory Coordinator | |
| Average age | 45 | 45 |
| Gender ratio | Male, 53.0% Female, 47.0% | Male, 56.3% Female, 43.7% |
| 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, 10.3% Unknown, 4.9% Hispanic or Latino, 17.0% Asian, 7.0% White, 60.3% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 11% | 11% |