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The differences between inventory planners and project planners 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 project planner. Additionally, a project planner has an average salary of $86,926, which is higher than the $65,504 average annual salary of an inventory planner.
The top three skills for an inventory planner include supply chain, purchase orders and logistics. The most important skills for a project planner are project management, project planning, and microsoft project.
| Inventory Planner | Project Planner | |
| Yearly salary | $65,504 | $86,926 |
| Hourly rate | $31.49 | $41.79 |
| Growth rate | -3% | -3% |
| Number of jobs | 37,034 | 56,558 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 67% |
| 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 project planner is responsible for determining project management procedures according to business requirements and client specifications. Project planners schedule deliverables of outputs for every milestone to ensure that the team follows the track of guidelines, adhering to the company policies and project plans. They write status reports, conduct cost expenses analysis, and strategize techniques in maximizing the team's productivity and efficiency. A project planner also identifies opportunities to improve project workloads and adjust procedures as necessary to meet the highest goals and objectives.
Inventory planners and project planners have different pay scales, as shown below.
| Inventory Planner | Project Planner | |
| Average salary | $65,504 | $86,926 |
| Salary range | Between $45,000 And $93,000 | Between $63,000 And $118,000 |
| Highest paying City | San Bruno, CA | Davis, CA |
| Highest paying state | California | California |
| Best paying company | Entegris | Novo Nordisk |
| Best paying industry | Technology | Hospitality |
There are a few differences between an inventory planner and a project planner in terms of educational background:
| Inventory Planner | Project Planner | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | Western Carolina University | Western Carolina University |
Here are the differences between inventory planners' and project planners' demographics:
| Inventory Planner | Project Planner | |
| Average age | 45 | 45 |
| Gender ratio | Male, 53.0% Female, 47.0% | Male, 65.1% Female, 34.9% |
| 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, 10.3% Unknown, 4.9% Hispanic or Latino, 16.9% Asian, 7.0% White, 60.3% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 11% | 11% |