Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between master 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 a master planner and an inventory coordinator. Additionally, a master planner has an average salary of $80,433, which is higher than the $37,142 average annual salary of an inventory coordinator.
The top three skills for a master planner include MRP, continuous improvement and program management. The most important skills for an inventory coordinator are customer service, cleanliness, and sales floor.
| Master Planner | Inventory Coordinator | |
| Yearly salary | $80,433 | $37,142 |
| Hourly rate | $38.67 | $17.86 |
| Growth rate | -3% | -3% |
| Number of jobs | 26,869 | 38,774 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 49% |
| Average age | 45 | 45 |
| Years of experience | 2 | 2 |
A master planner is responsible for creating and implementing inventory and overseeing shipment master schedules. You will develop planning tools to obtain stakeholders' approval, and convey and liaise master production schedule to ensure schedule availability. Additionally, your role will require you to plan the calendar to ensure monthly updates to the master production schedule. You are also responsible for developing, executing, and maintaining the tools and techniques needed to evaluate the effect of proposed changes to the schedule.
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.
Master planners and inventory coordinators have different pay scales, as shown below.
| Master Planner | Inventory Coordinator | |
| Average salary | $80,433 | $37,142 |
| Salary range | Between $63,000 And $102,000 | Between $29,000 And $46,000 |
| Highest paying City | Fremont, CA | Grand Forks, ND |
| Highest paying state | Washington | North Dakota |
| Best paying company | Huntsman | BD |
| Best paying industry | Manufacturing | Energy |
There are a few differences between a master planner and an inventory coordinator in terms of educational background:
| Master Planner | Inventory Coordinator | |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 49% |
| Most common major | Business | Business |
| Most common college | Western Carolina University | Western Carolina University |
Here are the differences between master planners' and inventory coordinators' demographics:
| Master Planner | Inventory Coordinator | |
| Average age | 45 | 45 |
| Gender ratio | Male, 64.9% Female, 35.1% | Male, 56.3% Female, 43.7% |
| Race ratio | Black or African American, 10.2% Unknown, 4.9% Hispanic or Latino, 16.8% Asian, 7.0% White, 60.6% 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% |