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Purchasing and Inventory Average Salaries in United States 2021

How much money does a person working in Purchasing and Inventory make in United States?


Average Yearly Salary
91,600 USD
( 7,640 USD monthly)

LOW
33,800
USD
AVERAGE
91,600
USD
HIGH
176,000
USD

A person working in Purchasing and Inventory in United States typically earns around 91,600 USD per year. Salaries range from 33,800 USD (lowest average) to 176,000 USD (highest average, actual maximum salary is higher).

This is the average yearly salary including housing, transport, and other benefits. Salaries vary drastically between different Purchasing and Inventory careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.

Salaries for specific jobs

Job TitleAverage Salary
Asset Management Associate85,800 USD
Asset Protection Associate80,900 USD
Asset Protection Specialist88,100 USD
Assistant Buyer76,900 USD
Buyer127,000 USD
Capacity Planner94,300 USD
Category Manager98,000 USD
Channel Services Representative90,300 USD
Contracts Manager105,000 USD
Contracts Specialist89,500 USD
Demand Planner96,100 USD
Demand Planning Manager115,000 USD
Distribution Assistant77,000 USD
Distribution Manager160,000 USD
Inventory Control Clerk45,100 USD
Inventory Control Manager118,000 USD
Inventory Management Associate86,800 USD
Inventory Specialist82,700 USD
Logistics Engineer75,100 USD
Master Planner83,900 USD
Material Handler52,600 USD
Material Planning Specialist76,400 USD
Merchandise Manager104,000 USD
Procurement Administrator97,700 USD
Procurement Agent63,100 USD
Procurement Analyst106,000 USD
Procurement Clerk42,600 USD
Procurement Engineer80,700 USD
Production Planner96,200 USD
Project Buyer104,000 USD
Purchaser132,000 USD
Purchasing Assistant45,200 USD
Purchasing Manager165,000 USD
Purchasing Supervisor117,000 USD
Shipping and Receiving Clerk42,700 USD
Shipping Coordinator78,500 USD
Stock Clerk44,000 USD
Stock Regulator50,900 USD
Storage Manager113,000 USD
Store Keeper44,900 USD
Stores and Logistics Coordinator87,300 USD
Supply Chain Analyst125,000 USD
Supply Chain Coordinator87,400 USD
Supply Chain Development Manager153,000 USD
Supply Chain Manager167,000 USD
Supply Planner81,400 USD
Warehouse Assistant34,100 USD
Warehouse Clerk37,400 USD
Warehouse Executive146,000 USD
Warehouse Lead93,800 USD
Warehouse Manager150,000 USD
Warehouse Supervisor102,000 USD
Wholesale Buyer125,000 USD

Purchasing and Inventory Jobs Salary Distribution in United States

Median and salary distribution yearly United States Purchasing and Inventory
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The median, the maximum, the minimum, and the range

  • Salary Range

    Purchasing and Inventory salaries in United States range from 33,800 USD per year (minimum average salary) to 176,000 USD per year (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 99,000 USD per year, which means that half (50%) of people working in Purchasing and Inventory are earning less than 99,000 USD while the other half are earning more than 99,000 USD. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.

  • Percentiles

    Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of people working in Purchasing and Inventory are earning less than 59,800 USD while 75% of them are earning more than 59,800 USD. Also from the diagram, 75% of people working in Purchasing and Inventory are earning less than 149,000 USD while 25% are earning more than 149,000 USD.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary

Salary Comparison by Years of Experience

How does a person's salary progress over time?

Salary Comparison By Experience Level
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The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher the wage.

Generally speaking, employees having experience from two to five years earn on average 32% more than freshers and juniors across all industries and disciplines.

Professionals with experience of more than five years tend to earn on average 36% more than those with five years or less of work experience.


Change in salary based on experience varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of many different jobs. To view accurate figures, choose a specific job title.

As you hit the ten years mark, the salary increases by 21% and an additional 14% for those who have crossed the 15 years mark.

Those figures are presented as guidelines only. The numbers become more significant if you consider one job title at a time.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.
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Salary Comparison By Education

How does the education level affect your salary?

Salary Comparison By Education
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It is well known that higher education equals a bigger salary, but how much more money can a degree add to your income? We compared the salaries of professionals at the same level but with different college degrees levels across many jobs, below are our findings.


Change in salary based on education varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of multiple jobs. To view accurate figures, choose a specific job title.

Workers with a certificate or diploma earn on average 17% more than their peers who only reached the high school level.

Employees who earned a Bachelor's Degree earn 24% more than those who only managed to attain a cerificate or diploma.

Professionals who attained a Master's Degree are awarded salaries that are 29% more than those with a Bachelor's Degree.

Finally, PhD holders earn 23% more than Master's Degree holders on average while doing the same job.


Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in United States costs anywhere from 39,500 US Dollar(s) to 118,000 US Dollar(s) and lasts approximately two years. That is quite an investment.

You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch into a higher paying job. The numbers seem to support this tactic. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

The decision really depends on your situation and experience among many other factors. Putting all variables aside, if you can afford the costs of higher education then the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.

Purchasing and Inventory Salary Comparison By Gender

Salary comparison by gender yearly United States Purchasing and Inventory
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male employees in United States who work in Purchasing and Inventory earn 6% more than their female counterparts on average.

Male
94,400 USD
Female-6%
88,900 USD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in United States for all Careers

Salary comparison by gender yearly United States
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Purchasing and Inventory Average Annual Salary Increment Percentage in United States

How much are annual salary increments in United States for Purchasing and Inventory professionals? How often do employees get salary raises?

Purchasing and Inventory

Purchasing and Inventory professionals in United States are likely to observe a salary increase of approximately 8% every 16 months. The national average annual increment for all professions combined is 8% granted to employees every 16 months.

Annual Salary Increment Rate United States Purchasing and Inventory
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

United States / All Professions

The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely that people get their salaries reviewed exactly on the one year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 ÷ Increase Frequency

The average salary increase in one year (12 months) in United States is 6%.

Annual Increment Rate By Industry 2020

Banking
4%
Energy
8%
Information Technology
3%
Healthcare
7%
Travel
2%
Construction
6%
Education
1%

Listed above are the average annual increase rates for each industry in United States for the year 2020. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.


Worldwide Salary Raises: All Countries and All Jobs

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Purchasing and Inventory Bonus and Incentive Rates in United States

How much and how often are bonuses being awarded?Annual Salary Bonus Rate United States Purchasing and Inventory
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Purchasing and Inventory is considered to be a moderate bonus-based field due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.

42% of surveyed staff in Purchasing and Inventory reported that they haven't received any bonuses or incentives in the previous year while 58% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 2% to 7% of their annual salary.

Received Bonus
58%
No Bonus
42%

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.


What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

Example:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Purchasing and Inventory Hourly Average Wage in United States


44 USD per hour

The average hourly wage (pay per hour) in United States is 44 USD. This means that the average person in United States earns approximately 44 USD for every worked hour.


Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )

The hourly wage is the salary paid in one worked hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fix amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

Purchasing and Inventory VS Other Jobs

Salary Comparison Between Purchasing and Inventory and Purchasing and Inventory yearly United States
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The average salary for Purchasing and Inventory is 3% less than that of All Jobs.

Salary Comparison By City

CityAverage Salary
Atlanta92,500 USD
Austin107,000 USD
Baltimore93,900 USD
Boston100,000 USD
Bristol77,600 USD
Chicago106,000 USD
Cincinnati78,400 USD
Cleveland81,100 USD
Dallas109,000 USD
Denver99,000 USD
Detroit100,000 USD
Honolulu77,400 USD
Houston114,000 USD
Indianapolis97,200 USD
Iowa City75,700 USD
Jacksonville105,000 USD
Kansas City89,300 USD
Kent76,500 USD
Las Vegas93,400 USD
Long Beach88,200 USD
Los Angeles111,000 USD
Memphis97,500 USD
Miami89,700 USD
Minneapolis81,500 USD
New Orleans85,300 USD
New York117,000 USD
Oakland86,400 USD
Oklahoma City91,900 USD
Orlando82,300 USD
Philadelphia108,000 USD
Phoenix106,000 USD
Sacramento90,900 USD
San Antonio111,000 USD
San Diego105,000 USD
San Francisco101,000 USD
San Jose104,000 USD
Seattle96,800 USD
Tampa85,000 USD
Vancouver77,000 USD
Washington D.C.100,000 USD

Salary Comparison By State

StateAverage Salary
Alabama98,100 USD
Alaska85,800 USD
Arizona102,000 USD
Arkansas94,500 USD
California108,000 USD
Colorado97,600 USD
Connecticut94,800 USD
Delaware88,200 USD
District of Columbia86,300 USD
Florida108,000 USD
Georgia106,000 USD
Hawaii90,500 USD
Idaho90,500 USD
Illinois107,000 USD
Indiana102,000 USD
Iowa94,700 USD
Kansas94,800 USD
Kentucky97,800 USD
Louisiana97,800 USD
Maine90,200 USD
Maryland102,000 USD
Massachusetts102,000 USD
Michigan106,000 USD
Minnesota100,000 USD
Mississippi94,500 USD
Missouri101,000 USD
Montana89,800 USD
Nebraska92,800 USD
Nevada94,900 USD
New Hampshire91,100 USD
New Jersey106,000 USD
New Mexico94,200 USD
New York110,000 USD
North Carolina96,900 USD
North Dakota79,200 USD
Ohio98,000 USD
Oklahoma89,200 USD
Oregon89,300 USD
Pennsylvania99,200 USD
Rhode Island81,400 USD
South Carolina91,400 USD
South Dakota81,600 USD
Tennessee95,200 USD
Texas102,000 USD
Utah86,400 USD
Vermont80,100 USD
Virginia97,400 USD
Washington96,600 USD
West Virginia85,800 USD
Wisconsin94,000 USD
Wyoming79,700 USD

Government vs Private Sector Salary Comparison

Where can you get paid more, working for a private company or for the government? Public sector employees in United States earn 5% more than their private sector counterparts on average across all sectors.

Private Sector
92,400 USD
Public Sector+5%
97,100 USD
Percentage increase and decrease are relative to the previous value
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