Hourly wage for Inventory Control Manager

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$49	$4	$1	$0
Average	$46	$4	$1	$0
25th Percentile	$41	$3	$1	$0

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$101,489	$8,457	$1,952	$49
Average	$95,001	$7,917	$1,827	$46
25th Percentile	$85,889	$7,157	$1,652	$41

Levels	Salary
Entry Level Inventory Control Manager	$91,601
Intermediate Level Inventory Control Manager	$92,009
Senior Level Inventory Control Manager	$92,961
Specialist Level Inventory Control Manager	$94,049
Expert Level Inventory Control Manager	$95,679

Year	Average Annual Salary
2020	View More
2021	View More
2022	View More
2023	$100,820
2024	$101,604
2025	$100,963
2026	View More

Degree Level	% of user with this level of education
No Diploma	1.0%
High School	32.5%
Associates	15.3%
Bachelors	40.2%
Masters	11.1%

FAQ about Inventory Control Manager

1. What are the responsibilities of Inventory Control Manager?

Manages inventory control operations. Implements policies, objectives, and initiatives. Employs standards, metrics, and procedures that maximize inventory management efficiency. Assists with inventory planning, scheduling, forecasting, and control operations. Implements Inventory tools and systems for tracking, analysis, auditing, and reporting. Collaborates with cross-functional teams and stakeholders to identify and prioritize initiatives to optimize inventory capabilities and develop best inventory management practices. Requires a bachelor's degree. Typically reports to a head of a unit/department. Manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. Typically requires 5 years experience in the related area as an individual contributor. 1 - 3 years supervisory experience may be required. Extensive knowledge of the function and department processes.

2. What are the skills of Inventory Control Manager

Specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

1.)

Leadership: Knowledge of and ability to employ effective strategies that motivate and guide other members within our business to achieve optimum results.

2.)

ERP: Enterprise resource planning (ERP) refers to a type of software that organizations use to manage day-to-day business activities such as accounting, procurement, project management, risk management and compliance, and supply chain operations.

3.)

Data Analysis: Data analysis is a process of inspecting, cleansing, transforming, and modeling data with the goal of discovering useful information, informing conclusions, and supporting decision-making. Data analysis has multiple facets and approaches, encompassing diverse techniques under a variety of names, and is used in different business, science, and social science domains. In today's business world, data analysis plays a role in making decisions more scientific and helping businesses operate more effectively. Data mining is a particular data analysis technique that focuses on modeling and knowledge discovery for predictive rather than purely descriptive purposes, while business intelligence covers data analysis that relies heavily on aggregation, focusing mainly on business information. In statistical applications, data analysis can be divided into descriptive statistics, exploratory data analysis (EDA), and confirmatory data analysis (CDA). EDA focuses on discovering new features in the data while CDA focuses on confirming or falsifying existing hypotheses. Predictive analytics focuses on application of statistical models for predictive forecasting or classification, while text analytics applies statistical, linguistic, and structural techniques to extract and classify information from textual sources, a species of unstructured data. All of the above are varieties of data analysis.

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Core Compensation
Core Compensation	Median	% of Total
Base Salary	$95,001	71.3%
Bonus	$0	0.0%
Value of Benefits
Core Compensation	Median	% of Total
Social Security	$7,268	5.5%
401K/403B	$3,990	3.0%
Disability	$1,900	1.4%
Healthcare	$8,352	6.3%
Pension	$5,130	3.8%
Time Off	$11,692	8.8%
Total Compensation	$133,333	100%

Hourly Wage for Inventory Control Manager Salary in the United States