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The differences between senior inventory analysts and analysts can be seen in a few details. Each job has different responsibilities and duties. Additionally, a senior inventory analyst has an average salary of $80,045, which is higher than the $73,007 average annual salary of an analyst.
The top three skills for a senior inventory analyst include supply chain, logistics and manage inventory. The most important skills for an analyst are customer service, troubleshoot, and data analysis.
| Senior Inventory Analyst | Analyst | |
| Yearly salary | $80,045 | $73,007 |
| Hourly rate | $38.48 | $35.10 |
| Growth rate | 23% | 11% |
| Number of jobs | 30,328 | 253,138 |
| Job satisfaction | 5 | - |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 67% |
| Average age | 45 | 44 |
| Years of experience | - | 4 |
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.
Analysts are employees or individual contributors with a vast experience in a particular field that help the organization address challenges. They help the organization improve processes, policies, and other operations protocol by studying the current processes in place and determining the effectiveness of those processes. They also research industry trends and data to make sound inferences and recommendations on what the company should do to improve their numbers. Analysts recommend business solutions and often help the organization roll out these solutions. They ensure that the proposed action plans are effective and produce the desired results.
Senior inventory analysts and analysts have different pay scales, as shown below.
| Senior Inventory Analyst | Analyst | |
| Average salary | $80,045 | $73,007 |
| Salary range | Between $58,000 And $109,000 | Between $53,000 And $99,000 |
| Highest paying City | San Francisco, CA | Jersey City, NJ |
| Highest paying state | Washington | New Jersey |
| Best paying company | Amazon | The Citadel |
| Best paying industry | Manufacturing | Technology |
There are a few differences between a senior inventory analyst and an analyst in terms of educational background:
| Senior Inventory Analyst | Analyst | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | University of Southern California | Northwestern University |
Here are the differences between senior inventory analysts' and analysts' demographics:
| Senior Inventory Analyst | Analyst | |
| Average age | 45 | 44 |
| Gender ratio | Male, 58.0% Female, 42.0% | Male, 52.4% Female, 47.6% |
| Race ratio | Black or African American, 12.7% Unknown, 6.0% Hispanic or Latino, 14.5% Asian, 8.4% White, 57.8% American Indian and Alaska Native, 0.6% | Black or African American, 7.4% Unknown, 4.4% Hispanic or Latino, 8.5% Asian, 14.3% White, 65.2% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 9% | 12% |