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The differences between inventory planners and production schedulers 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 a production scheduler. Additionally, an inventory planner has an average salary of $65,504, which is higher than the $49,367 average annual salary of a production scheduler.
The top three skills for an inventory planner include supply chain, purchase orders and logistics. The most important skills for a production scheduler are customer service, MRP, and continuous improvement.
| Inventory Planner | Production Scheduler | |
| Yearly salary | $65,504 | $49,367 |
| Hourly rate | $31.49 | $23.73 |
| Growth rate | -3% | -3% |
| Number of jobs | 37,034 | 64,551 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 56% |
| 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.
A production scheduler is in charge of developing manufacturing schedules to achieve short and long term production goals. Their responsibilities typically revolve around performing research and analysis to understand the extent of all procedures, identifying the needs of clients, and devising strategies for optimal operations. They must also monitor the company's resources and workforce to ensure that everything runs smoothly in adherence to all schedules, making changes only when necessary. Furthermore, as a production scheduler, it is essential to encourage the workforce to reach goals and deadlines, all while implementing the company's policies and regulations.
Inventory planners and production schedulers have different pay scales, as shown below.
| Inventory Planner | Production Scheduler | |
| Average salary | $65,504 | $49,367 |
| Salary range | Between $45,000 And $93,000 | Between $33,000 And $71,000 |
| Highest paying City | San Bruno, CA | Richmond, VA |
| Highest paying state | California | Virginia |
| Best paying company | Entegris | Amphenol |
| Best paying industry | Technology | Technology |
There are a few differences between an inventory planner and a production scheduler in terms of educational background:
| Inventory Planner | Production Scheduler | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 56% |
| Most common major | Business | Business |
| Most common college | Western Carolina University | Western Carolina University |
Here are the differences between inventory planners' and production schedulers' demographics:
| Inventory Planner | Production Scheduler | |
| Average age | 45 | 45 |
| Gender ratio | Male, 53.0% Female, 47.0% | Male, 54.3% Female, 45.7% |
| 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, 10.1% Unknown, 4.9% Hispanic or Latino, 16.1% Asian, 7.4% White, 60.9% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 11% | 11% |