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The differences between senior inventory analysts and inventory managers 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 $62,768 average annual salary of an inventory manager.
The top three skills for a senior inventory analyst include supply chain, logistics and manage inventory. The most important skills for an inventory manager are PET, direct reports, and customer service.
| Senior Inventory Analyst | Inventory Manager | |
| Yearly salary | $80,045 | $62,768 |
| Hourly rate | $38.48 | $30.18 |
| Growth rate | 23% | -6% |
| Number of jobs | 30,328 | 30,717 |
| Job satisfaction | 5 | - |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 54% |
| Average age | 45 | 47 |
| Years of experience | - | 6 |
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.
An inventory manager is responsible for supervising the overall inventory operations, monitoring supplies and materials, and checking the accuracy of data reports from the inventory associates. Inventory managers' duties include validating stock levels using record software tools, determining the availability of stocks for purchase orders, inspecting the incoming and outgoing shipments, and addressing product concerns by communicating with suppliers and third-party vendors. An inventory manager must have excellent communication and leadership skills to handle the staff's performance and manage customers' inquiries and complaints.
Senior inventory analysts and inventory managers have different pay scales, as shown below.
| Senior Inventory Analyst | Inventory Manager | |
| Average salary | $80,045 | $62,768 |
| Salary range | Between $58,000 And $109,000 | Between $43,000 And $91,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Washington | Washington |
| Best paying company | Amazon | NVIDIA |
| Best paying industry | Manufacturing | Retail |
There are a few differences between a senior inventory analyst and an inventory manager in terms of educational background:
| Senior Inventory Analyst | Inventory Manager | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 54% |
| Most common major | Business | Business |
| Most common college | University of Southern California | Stanford University |
Here are the differences between senior inventory analysts' and inventory managers' demographics:
| Senior Inventory Analyst | Inventory Manager | |
| Average age | 45 | 47 |
| Gender ratio | Male, 58.0% Female, 42.0% | Male, 69.4% Female, 30.6% |
| 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, 7.8% Unknown, 4.7% Hispanic or Latino, 13.1% Asian, 8.5% White, 65.3% American Indian and Alaska Native, 0.7% |
| LGBT Percentage | 9% | 10% |