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Supply chain development manager vs inventory management specialist

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 vs inventory management specialist overview

Supply Chain Development ManagerInventory Management Specialist
Yearly salary$102,698$56,032
Hourly rate$49.37$26.94
Growth rate-1%
Number of jobs68,974108,982
Job satisfaction--
Most common degreeBachelor's Degree, 69%Bachelor's Degree, 38%
Average age4747
Years of experience66

What does a supply chain development manager do?

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.

What does an inventory management specialist do?

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 manager vs inventory management specialist salary

Supply chain development managers and inventory management specialists have different pay scales, as shown below.

Supply Chain Development ManagerInventory Management Specialist
Average salary$102,698$56,032
Salary rangeBetween $74,000 And $141,000Between $38,000 And $81,000
Highest paying CityHartford, CTTracy, CA
Highest paying stateConnecticutMaryland
Best paying companyAccentureNVIDIA
Best paying industryAutomotiveGovernment

Differences between supply chain development manager and inventory management specialist education

There are a few differences between a supply chain development manager and an inventory management specialist in terms of educational background:

Supply Chain Development ManagerInventory Management Specialist
Most common degreeBachelor's Degree, 69%Bachelor's Degree, 38%
Most common majorBusinessBusiness
Most common collegeStanford UniversityStanford University

Supply chain development manager vs inventory management specialist demographics

Here are the differences between supply chain development managers' and inventory management specialists' demographics:

Supply Chain Development ManagerInventory Management Specialist
Average age4747
Gender ratioMale, 78.9% Female, 21.1%Male, 66.2% Female, 33.8%
Race ratioBlack 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 Percentage10%10%

Differences between supply chain development manager and inventory management specialist duties and responsibilities

Supply chain development manager example responsibilities.

  • Manage SD quality personnel involve with all supplier submissions for PPAP, IMDS and SOC4.
  • Manage the scoping, assessment, and delivery of solutions that addressed client's business KPI's.
  • Facilitate cross functional sourcing teams for strategically manage commodities, in support of optimizing the supply base.
  • Negotiate, manage and execute RFQ s and quotes for spot buys, formal bids and long term agreements.
  • Manage supplier risk and look for improvements by offering alternate suppliers for sole source components while considering the FDA requirements.
  • Manage inventory accuracy across all warehousing and manufacturing locations, and maintaining all material master information within the ERP system.
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Inventory management specialist example responsibilities.

  • Plan, purchase and manage various commodities through the use of various MRP systems.
  • Experience decision-maker in high-pressure environments; efficiently manage vital decision points autonomously to ensure mission accomplishment in multiple combat deployments.
  • Scan product bins with RF scanner for refills.
  • Update the department's inventory with the RF scanner.
  • Update on hand counts to ensure accurate ordering through the POS system.
  • Create purchase requisitions base on MRP recommendations, as well as external factors.
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Supply chain development manager vs inventory management specialist skills

Common supply chain development manager skills
  • Supply Chain, 23%
  • Chain Processes, 11%
  • Logistics, 10%
  • Chain Management, 9%
  • Product Development, 9%
  • Project Management, 8%
Common inventory management specialist skills
  • Customer Service, 23%
  • Inventory Management System, 15%
  • Purchase Orders, 7%
  • Sales Floor, 5%
  • Stock Merchandise, 5%
  • Safety Standards, 5%

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