How much does a Inventory Manager make?
An Inventory Manager plays a key role in ensuring that businesses have the right amount of stock at the right time. This job is important and comes with a good salary. On average, Inventory Managers earn around $64,424 each year. This is a solid income that reflects the responsibility and skill needed for the job.
The salary for Inventory Managers can vary based on experience and location. Those with more experience and those in larger cities often earn more. Some Inventory Managers make less than $33,320, while others make over $153,750. Most Inventory Managers fall somewhere in the middle of this range. This shows that there is good potential for earning more as you gain experience and move up in your career. A well-managed inventory can lead to higher profits and better job opportunities.
What are the highest paying cities for a Inventory Manager?
-
San Jose, CA
Average Salary: $102,852
In San Jose, managing inventory involves working with tech giants like Apple and Cisco. The fast-paced environment demands strong organizational skills and attention to detail. The tech industry's growth offers many opportunities for career advancement.
Find Inventory Manager jobs in San Jose, CA
-
San Francisco, CA
Average Salary: $88,028
San Francisco's inventory management roles often involve working with startups and tech companies. The city's dynamic business environment requires adaptability and quick thinking. Networking opportunities abound in this tech hub.
Find Inventory Manager jobs in San Francisco, CA
-
Los Angeles, CA
Average Salary: $87,886
In Los Angeles, managing inventory can mean working with major entertainment companies. The diverse industry landscape offers unique challenges and learning experiences. The city's vibrant culture provides a dynamic backdrop for professional growth.
Find Inventory Manager jobs in Los Angeles, CA
-
Washington, DC
Average Salary: $83,700
In Washington, DC, inventory management roles often involve government agencies and large corporations. The stable job market and professional networking opportunities make it a great place for career development. The city's rich history adds to the professional experience.
Find Inventory Manager jobs in Washington, DC
-
San Diego, CA
Average Salary: $82,771
San Diego offers a mix of biotech, defense, and tourism industries for inventory managers. The mild climate and quality of life make it an attractive place to work. The city's diverse economy provides varied opportunities for growth.
Find Inventory Manager jobs in San Diego, CA
-
Nashville, TN
Average Salary: $79,054
In Nashville, managing inventory can involve working with music and entertainment companies. The city's growing tech scene offers new opportunities. The vibrant culture and community make it a rewarding place to work.
Find Inventory Manager jobs in Nashville, TN
-
Baltimore, MD
Average Salary: $78,475
Baltimore provides a mix of healthcare, finance, and logistics sectors for inventory managers. The city's rich history and diverse culture offer a unique work environment. Opportunities for professional development are plentiful.
Find Inventory Manager jobs in Baltimore, MD
-
Seattle, WA
Average Salary: $78,406
Seattle's inventory management roles often involve tech companies like Amazon and Microsoft. The city's innovative spirit and outdoor lifestyle create a balanced work environment. The tech boom offers many career advancement opportunities.
Find Inventory Manager jobs in Seattle, WA
-
Austin, TX
Average Salary: $77,078
In Austin, managing inventory can involve working with tech startups and established companies. The city's fast-growing economy and vibrant culture provide a dynamic work environment. The tech scene offers numerous opportunities for career growth.
Find Inventory Manager jobs in Austin, TX
-
Sacramento, CA
Average Salary: $75,579
Sacramento offers a mix of government, agriculture, and tech sectors for inventory managers. The city's stable job market and affordable living make it an attractive place to work. The diverse industries offer varied opportunities for professional development.
Find Inventory Manager jobs in Sacramento, CA
What are the best companies a Inventory Manager can work for?
-
PwC
Average Salary: $166,000
PwC offers Inventory Manager jobs with a focus on optimizing supply chain management. They operate in many locations, including New York, London, and Sydney. Their roles often involve strategic planning and data analysis to improve inventory efficiency.
-
CVS Health
Average Salary: $102,577
CVS Health provides Inventory Manager positions that emphasize managing pharmaceutical supplies. They have locations across the United States, including Boston and San Francisco. Employees work on ensuring the availability of medications and other health products.
-
Amazon.com
Average Salary: $102,475
Amazon.com offers Inventory Manager jobs that focus on managing vast inventories. They operate in many locations, including Seattle and New York. Employees handle logistics and ensure timely delivery of products to customers worldwide.
-
Spectrum
Average Salary: $101,745
Spectrum provides Inventory Manager roles that involve overseeing communication equipment. They operate in various locations, including Los Angeles and Chicago. Employees manage the supply chain for network infrastructure.
-
McKesson
Average Salary: $90,527
McKesson offers Inventory Manager jobs that focus on managing medical supplies. They have locations across the United States, including Irving and San Francisco. Employees ensure the availability of pharmaceuticals and medical products.
-
E-business International Inc
Average Salary: $88,548
E-business International Inc provides Inventory Manager positions that emphasize managing e-commerce inventories. They operate in locations like Los Angeles and New York. Employees work on optimizing stock levels and logistics for online sales.
-
Medtronic
Average Salary: $81,452
Medtronic offers Inventory Manager jobs that focus on managing medical device supplies. They have locations in various cities, including Minneapolis and San Francisco. Employees ensure the availability of medical equipment and supplies.
-
Ryder System
Average Salary: $79,955
Ryder System provides Inventory Manager roles that involve managing logistics and supply chains. They operate in many locations, including Miami and Chicago. Employees handle the transportation and storage of goods for various industries.
-
Sysco
Average Salary: $73,377
Sysco offers Inventory Manager jobs that focus on managing food and beverage supplies. They have locations across the United States, including Houston and Philadelphia. Employees ensure the availability of products for restaurants and food service providers.
-
General Atomics
Average Salary: $72,825
General Atomics provides Inventory Manager positions that emphasize managing aerospace and defense supplies. They operate in locations like San Diego and Washington, D.C. Employees ensure the availability of critical components for defense projects.
How to earn more as a Inventory Manager?
Becoming an Inventory Manager offers many opportunities for career growth and salary increases. To maximize earning potential, consider these key factors:
First, gaining relevant certifications can boost your resume. Certifications like the Certified Inventory and Warehouse Management Professional (CIWMP) or the Certified Supply Chain Professional (CSCP) can make you more attractive to employers. These credentials show you have the skills and knowledge to manage inventory effectively.
Second, experience matters. The more years you spend in inventory management, the more you know about the industry. Employers often pay more to experienced managers who can handle complex tasks and make informed decisions quickly. Look for opportunities to take on leadership roles or manage larger inventories to gain valuable experience.
- Certifications: Obtain certifications like CIWMP or CSCP to show your expertise.
- Experience: Gain more years in inventory management to become a valuable asset.
- Education: Pursue higher education in business or supply chain management.
- Skills: Develop strong analytical and problem-solving skills.
- Networking: Connect with other professionals in the industry to learn and grow.
Third, education plays a role. A degree in business, supply chain management, or a related field can open more doors. Employers often prefer candidates with formal education in these areas. If you do not have a degree, consider taking courses or earning a certificate to enhance your qualifications.
Fourth, developing strong skills can lead to higher earnings. Skills like analytical thinking, problem-solving, and data management are crucial. The better you are at these, the more valuable you become to an employer. Take time to improve these skills through training or on-the-job experience.
Lastly, networking can help you find better opportunities. Connect with other professionals in the industry through events, online forums, or professional organizations. Networking can lead to job offers, promotions, and salary increases. Share your experiences and learn from others to grow in your career.
