1. Stanford University
Stanford, CA • Private
In-State Tuition
$51,354
Enrollment
7,083
What is an Inventory/Purchasing Manager?
The average inventory/purchasing manager salary is $53,104. The most common degree is a bachelor's degree degree with an business major. It usually takes 6-8 years of experience to become an inventory/purchasing manager. Inventory/purchasing managers with a Certified in Production and Inventory Management (CPIM) certification earn more money. Between 2018 and 2028, the career is expected to grow -6% and produce -29,200 job opportunities across the U.S.
What Does an Inventory/Purchasing Manager Do
There are certain skills that many inventory/purchasing managers have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed analytical skills, decisionmaking skills and negotiating skills.
How To Become an Inventory/Purchasing Manager
If you're interested in becoming an inventory/purchasing manager, one of the first things to consider is how much education you need. We've determined that 56.2% of inventory/purchasing managers have a bachelor's degree. In terms of higher education levels, we found that 6.3% of inventory/purchasing managers have master's degrees. Even though most inventory/purchasing managers have a college degree, it's possible to become one with only a high school degree or GED.
Inventory/Purchasing Manager Career Paths
As you move along in your career, you may start taking on more responsibilities or notice that you've taken on a leadership role. Using our career map, an inventory/purchasing manager can determine their career goals through the career progression. For example, they could start out with a role such as purchasing manager, progress to a title such as senior purchasing manager and then eventually end up with the title senior purchasing manager.
Inventory/Purchasing Manager
Senior Purchasing Manager
9 Years
Director Of Materials Management
7 Years
Supply Chain Logistics Manager
9 Years
Director Of Distribution
11 Years
Materials Director
12 Years
Materials Operations Manager
6 Years
Show More
Average Salary for an Inventory/Purchasing Manager
Inventory/Purchasing Managers in America make an average salary of $53,104 per year or $26 per hour. The top 10 percent makes over $87,000 per year, while the bottom 10 percent under $32,000 per year.
Average Inventory/Purchasing Manager Salary
$53,104 Yearly$25.53 hourly
What Am I Worth?
Roles and Types of Inventory/Purchasing Manager
There are several types of inventory/purchasing manager, including:
Manager
Role:
Responsible for overseeing the entire operation, the manager has a lot of responsibility on his/her or her shoulders. When we say the entire operation, we mean planning, directing, and leading the organization.
Managers should expect to work a little more than a normal 40-hour week. Since they're in charge, they're expected to be available. That's why managers end up typically working 50 hours a week, sometimes you may get away with only working 45 hours, though.
The education requirements for managers vary depending on who you work for. You might be required to have a bachelor's degree, but you might also get away with an associate degree. Now, there are some management positions that require a master's degree but, again, it really all depends on where you take your management career.
- Average Salary: $58,651
- Degree: Bachelor's Degree
Purchasing Manager
Role:
Ever wonder why do some stores do not have the items you're looking for? Or why others have so much stock of a product which you regularly see in commercials and advertisements? Maybe it's never crossed your mind before - until now. Why is it, really? Well, for one, you could look for a purchasing manager to end your confusion. Surely, it would be their pleasure to help you - it's their job, after all.
A purchasing manager is a senior-level position, requiring them to have extensive experience under their belts. They need to be able to handle business decisions and manage the purchasing team. Basically, more than the title itself, purchasing managers' success also lies in their ability to help the business grow and increase sales performance. That means endless strategizing techniques must be reviewed and may require overtime. It can seem like too much to handle but keeping the company on top of their game gives you great self-satisfaction.
More than business strategies, a purchasing manager must be people-oriented, too. Any manager should. When a team works together, under the guidance of the purchasing manager, success will just be around the corner. If you're wondering how, then why don't you find out by becoming one.
- Average Salary: $98,118
- Degree: Bachelor's Degree
Inventory Manager
Role:
Inventory managers supervise inventory associates and control the level of inventory and the reception, shipping, and logging of products. They delegate tasks and oversee daily operations in a warehouse or retail store, evaluate deliveries, and select suppliers.
Inventory managers are responsible for designing and implementing the tracking system their warehouse operates with, and they prepare reports on inventory processes as well. They troubleshoot potential problems and make sure the inventory team is complete and fully functional, hiring and training new employees, if necessary.
You can become an inventory manager with a BA in Finance or Business Administration, but you need years of relevant experience to get hired for this position. You need to be a great leader with outstanding communication skills who is able to organize and manage the complex work this role requires.
- Average Salary: $62,768
- Degree: Bachelor's Degree
States With The Most Inventory/Purchasing Manager Jobs
Number Of Inventory/Purchasing Manager Jobs By State
| Rank | State | Number of Jobs | Average Salary |
|---|---|---|---|
| 1 | California | 1,881 | $66,622 |
| 2 | Texas | 1,018 | $48,779 |
| 3 | Florida | 978 | $36,908 |
| 4 | Illinois | 767 | $49,747 |
| 5 | Ohio | 663 | $51,317 |
| 6 | Pennsylvania | 655 | $61,731 |
| 7 | New York | 610 | $57,428 |
| 8 | Virginia | 533 | $55,025 |
| 9 | Georgia | 531 | $44,429 |
| 10 | North Carolina | 469 | $47,002 |
| 11 | New Jersey | 466 | $49,467 |
| 12 | Massachusetts | 426 | $58,494 |
| 13 | Indiana | 419 | $43,711 |
| 14 | Michigan | 415 | $55,903 |
| 15 | Tennessee | 409 | $42,972 |
| 16 | Washington | 396 | $52,746 |
| 17 | Maryland | 371 | $61,132 |
| 18 | Minnesota | 352 | $46,690 |
| 19 | Wisconsin | 333 | $46,636 |
| 20 | Colorado | 321 | $45,927 |
| 21 | Arizona | 306 | $44,709 |
| 22 | Kentucky | 288 | $48,628 |
| 23 | Missouri | 279 | $46,262 |
| 24 | South Carolina | 214 | $43,240 |
| 25 | Connecticut | 207 | $56,862 |
| 26 | Iowa | 188 | $44,717 |
| 27 | Oregon | 185 | $53,584 |
| 28 | Alabama | 179 | $44,045 |
| 29 | Utah | 149 | $47,704 |
| 30 | Kansas | 129 | $41,020 |
| 31 | Louisiana | 115 | $40,554 |
| 32 | Oklahoma | 113 | $44,167 |
| 33 | Arkansas | 111 | $46,300 |
| 34 | West Virginia | 96 | $46,984 |
| 35 | Nevada | 94 | $57,229 |
| 36 | New Hampshire | 87 | $54,421 |
| 37 | Idaho | 87 | $50,312 |
| 38 | Mississippi | 74 | $42,851 |
| 39 | Delaware | 71 | $54,989 |
| 40 | New Mexico | 61 | $48,818 |
| 41 | Nebraska | 59 | $46,894 |
| 42 | Rhode Island | 55 | $53,435 |
| 43 | Maine | 55 | $44,998 |
| 44 | Hawaii | 54 | $51,882 |
| 45 | South Dakota | 37 | $47,061 |
| 46 | North Dakota | 37 | $40,137 |
| 47 | Montana | 32 | $46,766 |
| 48 | Vermont | 18 | $52,001 |
| 49 | Alaska | 15 | $46,175 |
| 50 | Wyoming | 12 | $48,102 |
Top Colleges for Inventory/Purchasing Managers
2. University of Pennsylvania
Philadelphia, PA • Private
In-State Tuition
$55,584
Enrollment
10,764
3. Northwestern University
Evanston, IL • Private
In-State Tuition
$54,568
Enrollment
8,451
4. Maine Maritime Academy
Castine, ME • Private
In-State Tuition
$13,478
Enrollment
979
5. University of Southern California
Los Angeles, CA • Private
In-State Tuition
$56,225
Enrollment
19,548
6. California State University - Bakersfield
Bakersfield, CA • Private
In-State Tuition
$7,309
Enrollment
9,142
7. SUNY at Binghamton
Vestal, NY • Private
In-State Tuition
$9,808
Enrollment
13,990
8. Villanova University
Villanova, PA • Private
In-State Tuition
$53,308
Enrollment
6,819
9. San Diego State University
San Diego, CA • Private
In-State Tuition
$7,488
Enrollment
30,018
10. Bentley University
Waltham, MA • Private
In-State Tuition
$49,880
Enrollment
4,177
Top Skills For an Inventory/Purchasing Manager
The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 24.0% of inventory/purchasing managers listed purchase orders on their resume, but soft skills such as analytical skills and decisionmaking skills are important as well.
Choose From 10+ Customizable Inventory/Purchasing Manager Resume templates
Zippia allows you to choose from different easy-to-use Inventory/Purchasing Manager templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your Inventory/Purchasing Manager resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.
Inventory/Purchasing Manager diversity
Inventory/Purchasing Manager Gender Distribution
Male
66%
Female
34%
After extensive research and analysis, Zippia's data science team found that:
- Among inventory/purchasing managers, 34.4% of them are women, while 65.6% are men.
- The most common race/ethnicity among inventory/purchasing managers is White, which makes up 67.0% of all inventory/purchasing managers.
- The most common foreign language among inventory/purchasing managers is Spanish at 44.4%.
Online Courses For Inventory/Purchasing Manager That You May Like
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How Do Inventory/Purchasing Managers Rate Their Jobs?
Top Inventory/Purchasing Manager Employers
Most Common Employers For Inventory/Purchasing Manager
| Rank | Company | Average Salary | Hourly Rate | Job Openings |
|---|---|---|---|---|
| 1 | Baker Hughes | $91,421 | $43.95 | 3 |
| 2 | General Electric | $85,416 | $41.07 | 2 |
| 3 | Genuine Parts | $64,372 | $30.95 | 2 |
| 4 | Master Meter | $63,139 | $30.36 | 3 |
| 5 | SCA Health | $63,019 | $30.30 | 2 |
| 6 | United Rentals | $60,766 | $29.21 | 4 |
| 7 | Ferguson Enterprises | $59,597 | $28.65 | 3 |
| 8 | WESCO Distribution | $57,133 | $27.47 | 3 |
| 9 | United States Marine Corps | $57,110 | $27.46 | 2 |
| 10 | Allen Plumbing And Heating, Inc. | $57,024 | $27.42 | 2 |
Inventory/Purchasing Manager Videos
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