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The differences between product 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 product planner and an inventory coordinator. Additionally, a product planner has an average salary of $94,669, which is higher than the $37,142 average annual salary of an inventory coordinator.
The top three skills for a product planner include product development, product planning and product line. The most important skills for an inventory coordinator are customer service, cleanliness, and sales floor.
| Product Planner | Inventory Coordinator | |
| Yearly salary | $94,669 | $37,142 |
| Hourly rate | $45.51 | $17.86 |
| Growth rate | -3% | -3% |
| Number of jobs | 85,346 | 38,774 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 76% | Bachelor's Degree, 49% |
| Average age | 45 | 45 |
| Years of experience | 2 | 2 |
Product planner positions require a battery of skills, including decisiveness, stress management, leadership, organization, communication, statistics, business operations, computer literacy, and problem-solving, to name a few. Those who choose this career will be required to involve internally-focused decisions, steps, and tasks necessary to develop a successful product.
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.
Product planners and inventory coordinators have different pay scales, as shown below.
| Product Planner | Inventory Coordinator | |
| Average salary | $94,669 | $37,142 |
| Salary range | Between $71,000 And $124,000 | Between $29,000 And $46,000 |
| Highest paying City | Santa Rosa, CA | Grand Forks, ND |
| Highest paying state | California | North Dakota |
| Best paying company | Apple | BD |
| Best paying industry | Technology | Energy |
There are a few differences between a product planner and an inventory coordinator in terms of educational background:
| Product Planner | Inventory Coordinator | |
| Most common degree | Bachelor's Degree, 76% | Bachelor's Degree, 49% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Western Carolina University |
Here are the differences between product planners' and inventory coordinators' demographics:
| Product Planner | Inventory Coordinator | |
| Average age | 45 | 45 |
| Gender ratio | Male, 57.2% Female, 42.8% | Male, 56.3% Female, 43.7% |
| Race ratio | Black or African American, 7.9% Unknown, 5.0% Hispanic or Latino, 18.1% Asian, 7.4% White, 61.1% 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% |