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Senior inventory analyst hiring summary. Here are some key points about hiring senior inventory analysts in the United States:
Here's a step-by-step senior inventory analyst hiring guide:
A senior inventory analyst plays a vital role in optimizing a company's supply chain and inventory operations. They spearhead research projects, gather and analyze consumer and market data, study the behavior of external business partners and competitors, develop sales forecasts, conduct risk assessments, and develop business strategies. Through their research findings, a senior inventory analyst generates detailed reports that help companies make decisions. Moreover, as a senior inventory analyst, it is essential to oversee junior specialists and lead staff to reach goals while implementing company standards and regulations.
The senior inventory analyst hiring process starts by determining what type of worker you actually need. Certain roles might require a full-time employee, whereas part-time workers or contractors can do others.
A senior inventory analyst's background is also an important factor in determining whether they'll be a good fit for the position. For example, senior inventory analysts from different industries or fields will have radically different experiences and will bring different viewpoints to the role. You also need to consider the candidate's previous level of experience to make sure they'll be comfortable with the job's level of seniority.
The following list breaks down different types of senior inventory analysts and their corresponding salaries.
| Type of Senior Inventory Analyst | Description | Hourly rate |
|---|---|---|
| Senior Inventory Analyst | Operations research analysts use advanced mathematical and analytical methods to help organizations investigate complex issues, identify and solve problems, and make better decisions. | $27-52 |
| Co-Operations Internship | Co-operations interns perform various tasks for an organization. These include troubleshooting computer issues for employees, updating the documentation on internal troubleshooting, and designing and performing clerical tasks such as data entry and making telephone calls... Show more | $13-24 |
| Supply Systems Analyst | Supply systems analyst professionals are responsible for collecting and analyzing data that will improve the supply chain operations of an organization. These analysts are required to develop and perform logistics management operations that can involve planning, costing, coordinating, and relevant program evaluations... Show more | $23-46 |
Including a salary range in your senior inventory analyst job description is one of the best ways to attract top talent. A senior inventory analyst can vary based on:
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | California | $112,022 | $54 |
| 2 | Washington | $101,647 | $49 |
| 3 | Maryland | $95,018 | $46 |
| 4 | Oregon | $94,627 | $45 |
| 5 | Ohio | $92,308 | $44 |
| 6 | New York | $90,791 | $44 |
| 7 | Illinois | $89,294 | $43 |
| 8 | North Carolina | $87,785 | $42 |
| 9 | Minnesota | $81,810 | $39 |
| 10 | Massachusetts | $80,002 | $38 |
| 11 | Texas | $78,784 | $38 |
| 12 | Michigan | $75,043 | $36 |
| 13 | Colorado | $73,315 | $35 |
| 14 | Missouri | $69,726 | $34 |
| 15 | Wisconsin | $66,532 | $32 |
| 16 | Georgia | $62,249 | $30 |
| 17 | Indiana | $61,357 | $30 |
| 18 | Tennessee | $54,269 | $26 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Amazon | $102,079 | $49.08 | 19 |
| 2 | Ikanos | $97,856 | $47.05 | |
| 3 | Rivian | $96,728 | $46.50 | |
| 4 | Gap Inc. | $96,145 | $46.22 | |
| 5 | Grainger | $91,973 | $44.22 | |
| 6 | Lowe's Companies | $87,253 | $41.95 | 48 |
| 7 | The Home Depot | $86,588 | $41.63 | 23 |
| 8 | Target | $85,076 | $40.90 | 13 |
| 9 | Staples | $84,942 | $40.84 | 7 |
| 10 | Sony Electronics | $81,981 | $39.41 | |
| 11 | Kennametal | $81,923 | $39.39 | |
| 12 | WESCO Distribution | $81,566 | $39.21 | 8 |
| 13 | Uline | $80,881 | $38.89 | 2 |
| 14 | E. & J. Gallo Winery | $79,867 | $38.40 | |
| 15 | Ulta Beauty | $78,252 | $37.62 | 1 |
| 16 | EMC | $77,913 | $37.46 | |
| 17 | AAR | $77,359 | $37.19 | 3 |
| 18 | Anika | $77,324 | $37.17 | |
| 19 | NSK Americas, Inc. | $77,015 | $37.03 | |
| 20 | CHS | $76,704 | $36.88 |
A good senior inventory analyst job description should include a few things:
Including a salary range and the first name of the hiring manager is also appreciated by candidates. Here's an example of a senior inventory analyst job description:
There are a few common ways to find senior inventory analysts for your business:
To successfully recruit senior inventory analysts, your first interview needs to engage with candidates to learn about their interest in the role and experience in the field. You can go into more detail about the company, the role, and the responsibilities during follow-up interviews.
It's also good to ask about candidates' unique skills and talents. You can move on to the technical interview if a candidate is good enough for the next step.
If your interviews with senior inventory analyst applicants aren't enough to make a decision, you should also consider including a test project. These are often the best, most straightforward, and least bias-prone ways of determining who will likely succeed in the role. If you don't know how to design an appropriate test, you can ask someone else on the team to create it or take a look at these websites to get a few ideas:
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you've decided on a perfect senior inventory analyst candidate, it's time to write an offer letter. In addition to salary, it should include benefits and perks available to the employee. Qualified candidates may be considered for other positions, so make sure your offer is competitive. Candidates may wish to negotiate. Once you've settled on the details, formalize your agreement with a contract.
It's equally important to follow up with applicants who don't get the job with an email letting them know that the position has been filled.
To prepare for the new senior inventory analyst first day, you should share an onboarding schedule with them that covers their first period on the job. You should also quickly complete any necessary paperwork, such as employee action forms and onboarding documents like I-9, benefits enrollment, and federal and state tax forms. Finally, Human Resources must ensure a new employee file is created for internal record keeping.
Recruiting senior inventory analysts involves both the one-time costs of hiring and the ongoing costs of adding a new employee to your team. Your spending during the hiring process will mostly be on things like promoting the job on job boards, reviewing and interviewing candidates, and onboarding the new hire. Ongoing costs will obviously involve the employee's salary, but also may include things like benefits.
You can expect to pay around $80,045 per year for a senior inventory analyst, as this is the median yearly salary nationally. This can vary depending on what state or city you're hiring in. If you're hiring for contract work or on a per-project basis, hourly rates for senior inventory analysts in the US typically range between $27 and $52 an hour.