What does an Inventory Analyst do?

Inventory analysts work in the retail, wholesale, distribution, and manufacturing sectors. They help the organization's management navigate inventory purchases, resource allocation and to forecast future sales. Their goal is to maximize the organization's production. Inventory analysts manage inventory items and control the day-to-day inventory operations while implementing an agreed-upon inventory control protocol.

Inventory analysts maintain and improve inventory by analyzing statistics and determining products that sell and that don’t. They place inventory orders, track shipments, and allocate inventory to the correct department when it arrives. They arrange for pickup and shipment and perform extensive research on various inventory-related reports, including previous inventory reports and national purchasing trends. They direct buyers and stock workers and perform regular inventory counts. Inventory analysts need a minimum bachelor's degree in supply chain management, business administration, marketing, or related fields.

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Average Years of Experience

0 - 1
2 - 4
5 - 7

Common Skill Sets

Excellent Organizational
Accounting Degree
Microsoft EXCEL
Microsoft Office Suite
Excellent Communication
Written Communication

Inventory Analyst Seniority Levels

Inventory Manager
34% made the transition
Inventory Control Specialist
22% made the transition
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Inventory Analyst Salaries

Average Base Pay

$55,426 /yr
Same as national average
Not including cash compensation
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Median: $55K
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Glassdoor Estimated Salary

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