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Inventory specialist vs receivables specialist

The differences between inventory specialists and receivables specialists can be seen in a few details. Each job has different responsibilities and duties. Additionally, an inventory specialist has an average salary of $35,752, which is higher than the $34,705 average annual salary of a receivables specialist.

The top three skills for an inventory specialist include customer service, sales floor and reservations. The most important skills for a receivables specialist are customer service, shipping receiving, and sales floor.

Inventory specialist vs receivables specialist overview

Inventory SpecialistReceivables Specialist
Yearly salary$35,752$34,705
Hourly rate$17.19$16.69
Growth rate1%-3%
Number of jobs161,107179,062
Job satisfaction--
Most common degreeHigh School Diploma, 33%Bachelor's Degree, 33%
Average age3843
Years of experience-12

What does an inventory specialist do?

An Inventory Specialist's responsibility is to oversee the inventory in a warehouse or establishment. Most of the tasks of an Inventory Specialist revolve around monitoring the requisition, storage, and deliveries of supplies and merchandise to ensure the quality and quantity of the products. Moreover, the Inventory Specialist also has the responsibility to coordinate with store management when issues arise, train newly hired staff to be a valuable part of the workforce, and provide inventory reports and records to the administration.

What does a receivables specialist do?

A receivables specialist is in charge of overseeing and processing account receivables, ensuring accuracy and timeliness. They typically perform bookkeeping tasks, update records and databases, reconcile accounts, and develop strategies to optimize collection procedures. They must also maintain streamlined and organized systems, addressing any issues and resolving them promptly and efficiently while adhering to the company's policies and regulations. Moreover, a receivables specialist must maintain an active communication line with staff for a smooth and efficient workflow.

Inventory specialist vs receivables specialist salary

Inventory specialists and receivables specialists have different pay scales, as shown below.

Inventory SpecialistReceivables Specialist
Average salary$35,752$34,705
Salary rangeBetween $25,000 And $49,000Between $28,000 And $42,000
Highest paying CityBoston, MASeattle, WA
Highest paying stateMassachusettsWashington
Best paying companyEnsign EnergyAtriCure
Best paying industryTechnologyAutomotive

Differences between inventory specialist and receivables specialist education

There are a few differences between an inventory specialist and a receivables specialist in terms of educational background:

Inventory SpecialistReceivables Specialist
Most common degreeHigh School Diploma, 33%Bachelor's Degree, 33%
Most common majorBusinessBusiness
Most common college--

Inventory specialist vs receivables specialist demographics

Here are the differences between inventory specialists' and receivables specialists' demographics:

Inventory SpecialistReceivables Specialist
Average age3843
Gender ratioMale, 58.9% Female, 41.1%Male, 66.2% Female, 33.8%
Race ratioBlack or African American, 10.2% Unknown, 5.5% Hispanic or Latino, 19.0% Asian, 7.2% White, 57.2% American Indian and Alaska Native, 1.0%Black or African American, 10.7% Unknown, 4.2% Hispanic or Latino, 19.2% Asian, 7.6% White, 57.5% American Indian and Alaska Native, 0.8%
LGBT Percentage6%6%

Differences between inventory specialist and receivables specialist duties and responsibilities

Inventory specialist example responsibilities.

  • Manage assign commodities by communicating MRP changes to the suppliers, minimizing obsolete inventory while achieving the optimum inventory targets.
  • Manage JDE ERP module for service department of finish goods for sale and field support.
  • Achieve establish average per hour (APH) counting goals while ensuring accuracy and integrity of the data collect.
  • Used WIS scanners to scan stock and download scanner information to computer.
  • Strategize to balance demand and delivery schedules due to expiration date of perishables.
  • Pick and pack any shipments for the customer and ship them through WMS application.
  • Show more

Receivables specialist example responsibilities.

  • Prepare all incoming shipments from FedEx for the repair process.
  • Document date, temperature, quantity, and damage count into RF system.
  • Position require the use of RF scanners, on board LMF systems, and electronic manifest reports.
  • Post the weight and shipping charges, and affix the proper shipping label to all packages send by FedEx.
  • Hand-delivered personal and business-relate packages and USPS mail.
  • Perform forklift operations to load pallets onto delivery vehicles.
  • Show more

Inventory specialist vs receivables specialist skills

Common inventory specialist skills
  • Customer Service, 26%
  • Sales Floor, 9%
  • Reservations, 7%
  • Pallet Jack, 6%
  • Safety Standards, 5%
  • Strong Analytical, 5%
Common receivables specialist skills
  • Customer Service, 23%
  • Shipping Receiving, 12%
  • Sales Floor, 9%
  • Customer Orders, 6%
  • Data Entry, 5%
  • Logistics, 4%

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