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The differences between senior inventory analysts and planning 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 $68,137 average annual salary of a planning analyst.
The top three skills for a senior inventory analyst include supply chain, logistics and manage inventory. The most important skills for a planning analyst are project management, customer service, and data analysis.
| Senior Inventory Analyst | Planning Analyst | |
| Yearly salary | $80,045 | $68,137 |
| Hourly rate | $38.48 | $32.76 |
| Growth rate | 23% | 11% |
| Number of jobs | 30,328 | 92,380 |
| Job satisfaction | 5 | - |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 73% |
| 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.
As a planning analyst, you will be responsible for designing and implementing a company's business and marketing strategies with the goal of driving profits and reducing costs. You will propose measures to enhance an organization's overall efficiency, and guide managers on ways to strengthen profit margins through risk awareness reduced costs, and increased revenues. Other duties include conducting risk analyses to identify areas of potential failure, maintaining the business continuity program, and handling internal and external corporate communications with the investment community and industry analysts.
Senior inventory analysts and planning analysts have different pay scales, as shown below.
| Senior Inventory Analyst | Planning Analyst | |
| Average salary | $80,045 | $68,137 |
| Salary range | Between $58,000 And $109,000 | Between $49,000 And $93,000 |
| Highest paying City | San Francisco, CA | Washington, DC |
| Highest paying state | Washington | Rhode Island |
| Best paying company | Amazon | Meta |
| Best paying industry | Manufacturing | Automotive |
There are a few differences between a senior inventory analyst and a planning analyst in terms of educational background:
| Senior Inventory Analyst | Planning Analyst | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 73% |
| Most common major | Business | Business |
| Most common college | University of Southern California | Northwestern University |
Here are the differences between senior inventory analysts' and planning analysts' demographics:
| Senior Inventory Analyst | Planning Analyst | |
| Average age | 45 | 44 |
| Gender ratio | Male, 58.0% Female, 42.0% | Male, 53.4% Female, 46.6% |
| 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, 8.0% Unknown, 4.5% Hispanic or Latino, 8.9% Asian, 12.6% White, 65.8% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 9% | 12% |