Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between supply chain development managers and inventory management specialists can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a supply chain development manager and an inventory management specialist. Additionally, a supply chain development manager has an average salary of $102,698, which is higher than the $56,032 average annual salary of an inventory management specialist.
The top three skills for a supply chain development manager include supply chain, chain processes and logistics. The most important skills for an inventory management specialist are customer service, inventory management system, and purchase orders.
| Supply Chain Development Manager | Inventory Management Specialist | |
| Yearly salary | $102,698 | $56,032 |
| Hourly rate | $49.37 | $26.94 |
| Growth rate | - | 1% |
| Number of jobs | 68,974 | 108,982 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 38% |
| Average age | 47 | 47 |
| Years of experience | 6 | 6 |
Supply Chain Development Managers are responsible for coordinating overall logistics with the intent to minimize cost and maximize the efficiency of its supply chain. They are responsible for implementing supply chain process improvements, forecasting demand and supply to make sure supplies are readily available, negotiating terms with vendors and suppliers, and developing performance metrics to measure product cost and quality. Other duties include designing plant warehouse strategies, reviewing the manufacturing ability of vendors, managing staffing levels and equipment needs as well as creating procedures for cross-team supply chain coordination such as between the sales, marketing, and production departments.
An inventory management specialist is responsible for maintaining the adequacy of stock supplies to support customers' needs. Inventory management specialists help develop inventory processes and strategies to keep the supplies organized and free of any defects while on storage. They also monitor inventory costs and process orders through various software tools, requiring them to have a working knowledge of computer systems and the ability to operate warehouse equipment and machinery on moving merchandise around the warehouse.
Supply chain development managers and inventory management specialists have different pay scales, as shown below.
| Supply Chain Development Manager | Inventory Management Specialist | |
| Average salary | $102,698 | $56,032 |
| Salary range | Between $74,000 And $141,000 | Between $38,000 And $81,000 |
| Highest paying City | Hartford, CT | Tracy, CA |
| Highest paying state | Connecticut | Maryland |
| Best paying company | Accenture | NVIDIA |
| Best paying industry | Automotive | Government |
There are a few differences between a supply chain development manager and an inventory management specialist in terms of educational background:
| Supply Chain Development Manager | Inventory Management Specialist | |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 38% |
| Most common major | Business | Business |
| Most common college | Stanford University | Stanford University |
Here are the differences between supply chain development managers' and inventory management specialists' demographics:
| Supply Chain Development Manager | Inventory Management Specialist | |
| Average age | 47 | 47 |
| Gender ratio | Male, 78.9% Female, 21.1% | Male, 66.2% Female, 33.8% |
| Race ratio | Black or African American, 7.6% Unknown, 4.7% Hispanic or Latino, 12.8% Asian, 9.0% White, 65.3% American Indian and Alaska Native, 0.7% | Black or African American, 7.7% Unknown, 4.7% Hispanic or Latino, 12.9% Asian, 8.9% White, 65.1% American Indian and Alaska Native, 0.7% |
| LGBT Percentage | 10% | 10% |