How much does a Inventory Manager make?
An Inventory Manager plays a key role in business operations. They ensure that companies have the right products in the right places at the right times. For their important work, Inventory Managers earn a good salary. The average yearly salary for an Inventory Manager is around $64,138. This figure can vary based on experience, industry, and location.
Different levels of experience lead to different pay scales. New Inventory Managers can expect to start at around $33,000 per year. As they gain more experience, they can earn up to $132,744 annually. Experienced Inventory Managers often find positions in larger companies and warehouses. These roles come with higher salaries and more responsibility. A manager’s salary can also change based on the industry. For instance, those in technology or pharmaceuticals may earn more than those in retail or manufacturing.
What are the highest paying cities for a Inventory Manager?
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San Jose, CA
Average Salary: $102,852
In San Jose, managing inventory for tech companies can lead to exciting career opportunities. With giants like Apple and Tesla nearby, professionals have a chance to work on cutting-edge projects. The tech environment brings dynamic challenges and growth.
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San Francisco, CA
Average Salary: $88,449
San Francisco offers a vibrant job market for inventory professionals. The city's diverse companies, from startups to established firms, need skilled managers. Working here means handling high-demand products and logistics in a fast-paced setting.
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Los Angeles, CA
Average Salary: $87,639
In Los Angeles, managing inventory involves working with major entertainment and manufacturing firms. Companies like Mattel and Disney require meticulous handling of goods. The diverse industry landscape provides a variety of experiences.
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San Diego, CA
Average Salary: $83,402
San Diego presents a unique blend of opportunities for inventory managers. With a mix of biotech, defense, and retail firms, professionals can find a niche. The city’s strong economy supports steady demand for skilled inventory management.
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Washington, DC
Average Salary: $82,106
In Washington, DC, managing inventory is critical in sectors like government, defense, and logistics. Professionals work with companies like FedEx and various government agencies. The role here often involves complex supply chains and regulatory compliance.
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Seattle, WA
Average Salary: $80,556
Seattle offers a thriving market for inventory managers, especially in the tech and aerospace industries. Companies like Amazon and Boeing offer dynamic challenges. The city's innovative spirit provides a stimulating work environment.
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Nashville, TN
Average Salary: $79,947
In Nashville, inventory management roles focus on the music and entertainment industries. Managing inventory for companies like Sony Music and various record labels involves unique logistical challenges. The city's growing economy brings new opportunities.
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Austin, TX
Average Salary: $79,707
Austin provides a vibrant job market for inventory professionals in tech and healthcare. Companies like Dell and various biotech firms need skilled managers. The city's fast growth offers a lot of chances for career development.
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Sacramento, CA
Average Salary: $78,307
Sacramento offers stable opportunities for inventory managers in government and retail sectors. Working with firms like Walmart and various state agencies brings diverse experiences. The role often involves logistics and supply chain management.
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Midland, TX
Average Salary: $77,019
In Midland, managing inventory is key in the energy and manufacturing sectors. Companies like Chevron and various manufacturing firms rely on efficient inventory management. The city’s steady economy provides reliable job opportunities.
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What are the best companies a Inventory Manager can work for?
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CVS Health
Average Salary: $102,812
CVS Health offers strong opportunities for Inventory Managers, focusing on efficient inventory control across numerous pharmacies and retail stores. They operate nationwide, with headquarters in Woonsocket, Rhode Island.
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Spectrum
Average Salary: $101,745
Spectrum provides competitive salaries for Inventory Managers who manage inventory for telecommunications equipment. They serve many areas in the United States, with a major presence in Irving, Texas.
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Amazon.com
Average Salary: $95,685
Amazon offers high pay for Inventory Managers tasked with handling vast inventory across many warehouses. They operate globally, with headquarters in Seattle, Washington, USA.
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Medtronic
Average Salary: $81,663
Medtronic offers rewarding positions for Inventory Managers who handle medical devices inventory. They have locations worldwide, with a primary presence in Minneapolis, Minnesota, USA.
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Ryder System
Average Salary: $77,597
Ryder System provides a good salary for Inventory Managers focusing on fleet management and logistics. They operate across the United States, with headquarters in Miami, Florida.
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Sysco
Average Salary: $73,341
Sysco offers Inventory Manager positions with a strong focus on foodservice and hospitality supply chain management. They serve customers across the United States, with headquarters in Houston, Texas.
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Robert Half
Average Salary: $72,306
Robert Half offers Inventory Manager positions with a strong focus on temporary staffing and consulting services. They operate globally, with headquarters in Menlo Park, California, USA.
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Target
Average Salary: $69,264
Target provides competitive pay for Inventory Managers overseeing store inventory across many locations. They have stores across the United States, with headquarters in Minneapolis, Minnesota.
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Dollar General
Average Salary: $64,218
Dollar General offers Inventory Manager positions focusing on retail inventory management in discount stores. They operate nationwide, with headquarters in Goodlettsville, Tennessee.
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NewYork-Presbyterian Hospital
Average Salary: $59,010
NewYork-Presbyterian Hospital provides Inventory Manager positions focused on hospital supply chain management. They serve the New York City area with multiple locations.
How to earn more as a Inventory Manager?
Becoming an Inventory Manager often involves managing a company’s stock, ensuring that the supply chain runs smoothly, and keeping products available for sale. To increase earnings in this role, consider these key factors. Improving skills and gaining experience can lead to higher positions and salaries. Employers often reward those who take initiative and deliver results.
Education and training are vital. Holding a bachelor’s degree in business, supply chain management, or a related field can open more doors. Professional certifications, such as the Certified Inventory Professional (CIP) credential, can also enhance earning potential. Gaining experience in different industries can broaden knowledge and make an Inventory Manager more valuable to employers. Networking with peers and attending industry conferences can lead to better job opportunities.
Several factors contribute to higher earnings as an Inventory Manager. The following list highlights some of these factors:
- Certifications: Obtaining relevant certifications can boost credibility and salary.
- Experience: Working in different roles and industries adds to expertise and marketability.
- Education: Higher degrees and specialized training can lead to better job opportunities.
- Networking: Building a strong professional network can lead to job offers and promotions.
- Initiative: Taking the lead on projects and solving problems can earn recognition and raises.
