The globe is experiencing a shortfall in inventory management roles because the older generations are retiring. Inventory management includes excellent roles where individuals organize, plan, and optimize to make the business work smoothly. If you are interested in pursuing a career in inventory management, you should consider pursuing a career in this field because it is the most rapidly growing field by 2026.
This article explains the list of the best-paying jobs in inventory management.
Several roles are available in inventory management to choose from. Here are the top inventory management roles.
The inventory manager's role is to oversee a team of inventory or warehouse employees. Inventory managers are professionals who specialize in managing inventory tracking systems to record deliveries, shipments, and stock levels. This role is most in demand in inventory management. This position requires a bachelor's degree in inventory management, business administration, or supply chain management operations. Also, inventory managers make $60,000 – $80,000 annually in the US.
One of the most in-demand roles in inventory management, the Logistics Coordinator helps a business store goods in an efficient manner and them out the door quickly. Logistics Coordinators oversee supply chain operations and ensure the efficient and cost-effective distribution of products.
The Logistics Coordinator position requires a bachelor's degree in supply chain management, outstanding skills, and previous working experience (if required). If you are looking for the best inventory management job, you should consider the Logistics Coordinator position. Besides this, Logistics Coordinators make $50,000 – $70,000 annually in the US.
Supply Chain Analyst is another top role in inventory management. Several people like to choose this position in the inventory management field because this position now offers the opportunity to make $65,000 – $85,000 annually in the US. Supply Chain Analysts oversee the business’s supply chain, ensuring timely delivery. They also collect and analyze supply chain data and make sure the business's supply and consumer demand are balanced. You can become a supply chain analyst with a bachelor's degree in the related industry and excellent skills, including attention to detail, and an in-depth understanding of the delivery process.
The role of the purchasing manager is to help businesses develop and execute purchasing strategies, negotiate deals, manage vendors, and track metrics to reduce expenses. They are also responsible for ensuring clear requirements, forecasting market trends, and collaborating with stakeholders. This position requires strong leadership, negotiation, and analytical skills with a bachelor’s degree in the related industry. Purchasing managers earn $70,000 – $90,000 annually in the US. In short, this position is in high demand in inventory management because this position is high-paying.
Operations managers are professionals who specialize in overseeing operational activities at every level of a company. They also perform many duties, including hiring and training employees and managing quality assurance programs. In addition to these, operation managers are responsible for several tasks, which include;
Supervising, hiring, and training employees
Managing quality assurance programs
Strategizing process improvements
You can make $80,000 – $100,000 annually as an operation manager. Excellent leadership ability, knowledge of organizational effectiveness, and excellent communication skills are required for operations managers. If you are interested in choosing the best inventory management role, you should consider the operation manager role.
Warehouse Supervisor is another most in-demand role in inventory management. A warehouse supervisor is a professional who specializes in supervising daily warehouse activities, scheduling and overseeing the warehouse team, and managing the flow and quality of work to maximize efficiency and minimize overtime. A high school diploma or equivalent, years of experience in a warehouse role, and excellent problem-solving skills are required for warehouse supervisors. In addition, warehouse supervisors make $55,000 – $75,000 annually in the United States. In short, warehouse supervisor is the best entry-level job for people looking to enter the inventory management industry.
The demand planner is another top role in inventory management for people looking to enter the inventory management industry. Demand planners use the analytical, marketing, and sales data to estimate future goods demands. They are responsible for analyzing statistical data, planning inventory flow, and generating forecast models for their customers.
This position requires a bachelor's or master's degree in business administration, economics, computer science, or a related field with a strong understanding of inventory management. Also, demand planners make $60,000 – $80,000 annually in the USA.
Inventory Analysts are the professionals who specialize in developing and documenting inventory processes and policies of an organization. They also manage the inventory products of an organization and help businesses make good inventory processes and policies. Nowadays, companies hire inventory analysts to maintain and improve inventory by analyzing statistics and policies determining items that sell and that don't. A Bachelor's degree in supply chain management, business, or a related field, years of experience in inventory management, and strong analytical and problem-solving skills are required for inventory analysts. Also, inventory analysts make $55,000 – $75,000 annually in the United States.
Materials managers oversee the planning, control, storage, and distribution of items and products according to organization needs and requirements of customers. If you have experience in supply chain and inventory control, then the material manager role is the best in inventory management.
Materials managers are professionals who specialize in managing inventory levels and planning an organization's inventory and purchasing departments. As a material manager, you can make $65,000 – $85,000 annually in the US.
These are a few examples of the best-paying jobs in inventory management. These are the top-paying jobs in inventory management. If you have a bachelor’s degree in business, supply chain management, or a related field and an excellent understanding of inventory management, you can consider choosing any of these. However, it’s recommended to check all aspects of inventory management before choosing the inventory management role. To view the best roles in inventory management, start an online search.