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Purchasing and Inventory Average Salaries in United States 2024

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


Average Yearly Salary
94,100 USD
( 7,840 USD monthly)

LOW
33,800
USD
AVERAGE
94,100
USD
HIGH
176,000
USD
All salary figures displayed here are per year except when noted otherwise.
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

A person working in Purchasing and Inventory in United States typically earns around 94,100 USD. Salaries range from 33,800 USD (lowest average) to 176,000 USD (highest average, actual maximum salary is higher).


Salary Variance

The provided figure represents the median compensation that encompasses housing, transportation, and other perks. The salaries within the Purchasing and Inventory domain in United States exhibit significant discrepancies across various professions. In case you seek information about the remuneration of a specific position, please refer to the salaries listed below for respective job titles.

Salaries for specific jobs

Job TitleAverage Salary
Purchasing and Inventory
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 Leader83,400 USD
Category Management Specialist88,300 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
Digital Procurement Manager106,000 USD
Distribution Assistant77,000 USD
Distribution Associate80,400 USD
Distribution Manager160,000 USD
E-Commerce Buyer91,500 USD
E-procurement Specialist110,000 USD
Freight and Customs Compliance Manager102,000 USD
Green Procurement Specialist86,700 USD
Inventory Analyst88,300 USD
Inventory Analytics Manager86,600 USD
Inventory Control Clerk45,100 USD
Inventory Control Manager118,000 USD
Inventory Management Associate86,800 USD
Inventory Optimization Manager98,800 USD
Inventory Specialist82,700 USD
Logistics Automation Engineer93,300 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 Assistant68,400 USD
Procurement Associate88,400 USD
Procurement Clerk42,600 USD
Procurement Engineer80,700 USD
Procurement Manager171,000 USD
Procurement Officer41,800 USD
Procurement Process Analyst106,000 USD
Procurement Risk Manager95,700 USD
Procurement Specialist79,900 USD
Procurement Technology Consultant100,000 USD
Production Planner96,200 USD
Project Buyer104,000 USD
Purchaser132,000 USD
Purchasing Agent68,700 USD
Purchasing Assistant45,200 USD
Purchasing Manager165,000 USD
Purchasing Officer74,700 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
Strategic Sourcing Analyst115,000 USD
Supplier Diversity Program Manager111,000 USD
Supplier Relationship Manager122,000 USD
Supply Chain Analyst125,000 USD
Supply Chain Coordinator87,400 USD
Supply Chain Development Manager153,000 USD
Supply Chain Director179,000 USD
Supply Chain Manager167,000 USD
Supply Planner81,400 USD
Sustainability Procurement Specialist112,000 USD
Sustainable Sourcing Specialist86,500 USD
Sustainable Supply Chain Manager132,000 USD
Third Party Logistics Manager138,000 USD
Vendor Management Specialist121,000 USD
Warehouse Assistant34,100 USD
Warehouse Automation Engineer88,100 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 Pay Scale and Salaries in United States

Median and salary distribution United States Purchasing and Inventory yearly
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Salary Structure and Pay Scale Comparison

5% of people earn
94,400 USD or more
10% of people earn
79,600 to 94,400 USD
20% of people earn
47,000 USD or less
65% of people earn
47,000 to 79,600 USD
Minimum Salary
33,800 USD
Median
88,500 USD
Maximum
176,000 USD




Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per year except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries in Purchasing and Inventory in United States range from 33,800 USD (starting average salary) to 176,000 USD (maximum average salary, actual maximum is higher). To clarify, the number presented is not the legally mandated minimum wage. Rather, it represents the lowest figure reported in a salary survey that involved thousands of participants and professionals from across the entire country.

  • Median Salary

    The median income in the field of Purchasing and Inventory is 88,500 USD, implying that half of the workforce in United States earns less than this figure, and the other half earns more. It represents the central value of salaries. As a rule of thumb, you would prefer to be part of the group earning above the median wage, situated on the right-hand side of the salary distribution chart.

  • Percentiles and Salary Scale

    Two values that are highly correlated with the median are the 25th and 75th percentiles. By examining the salary distribution diagram, it is possible to determine that 25% of individuals employed in Purchasing and Inventory in United States earn less than 67,800 USD, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 106,000 USD, while 25% earn more than that.

  • Pay Scale Structure

    Data was regrouped into brackets to provide a better understanding of what salaries can be expected. This approach was deemed more accurate than relying solely on the average salary, as it offers greater insights into the distribution of salaries in the field of Purchasing and Inventory in United States. The analysis revealed that roughly 65% of all reported salaries fell within the range of 47,000 USD to 79,600 USD. Approximately 20% of salaries were below the 47,000 USD mark, while 10% ranged from 79,600 USD to 94,400 USD. Only 5% of individuals earned a gross salary of 94,400 USD or higher.

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 in Purchasing and Inventory in United States 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.

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.


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.
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.


Salary Comparison By Education

How does the education level affect your salary?

Salary Comparison By Education
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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.

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 degree levels across many jobs in Purchasing and Inventory in United States, below are our findings.

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 certificate 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 39,600 USD to 119,000 USD and lasts approximately two years. That is quite an investment.

Employees can't expect any salary increases during the study period, assuming they 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 to 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 the situation and experience among many other factors. Putting all variables aside, if a person can afford the costs of higher education then the return on investment is definitely worth it. Degree costs can be recovered roughly in a year or so.



Salary and Compensation Comparison By Gender / Purchasing and Inventory / United States

Salary comparison by gender United States Purchasing and Inventory yearly
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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? In the field of Purchasing and Inventory in United States, the average difference between the salary of male and female employees is 6%.

Male
97,000 USD
Female-6%
91,300 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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Average Annual Salary Increment Percentage / Purchasing and Inventory / United States

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

Professionals working in Purchasing and Inventory 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

Annual Salary Increment Rate United States
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The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare 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%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
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Salary Packages and Schemes

Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.

Bonus and Incentive Rates / Purchasing and Inventory / United States

How much and how often are bonuses being awarded?Annual Salary Bonus Rate United States Purchasing and Inventory
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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.

Hourly Average Wage / Purchasing and Inventory / United States


45 USD per hour

The average hourly wage (pay per hour) in Purchasing and Inventory in United States is 45 USD.This is the rate they get paid for every worked hour.


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

About The Hourly Pay Rate

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 fixed 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.

What is the minimum hourly rate of pay?

The minimum pay rate per hour for people working in Purchasing and Inventory in United States is 16 USD. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary Comparison By City

CityAverage Salary
Atlanta95,000 USD
Austin110,000 USD
Baltimore96,500 USD
Boston103,000 USD
Bristol79,700 USD
Chicago109,000 USD
Cincinnati80,500 USD
Cleveland83,300 USD
Dallas112,000 USD
Denver102,000 USD
Detroit103,000 USD
Honolulu79,500 USD
Houston117,000 USD
Indianapolis99,800 USD
Iowa City77,700 USD
Jacksonville108,000 USD
Kansas City91,700 USD
Kent78,600 USD
Las Vegas95,900 USD
Long Beach90,600 USD
Los Angeles114,000 USD
Memphis100,000 USD
Miami92,200 USD
Minneapolis83,700 USD
New Orleans87,600 USD
New York121,000 USD
Oakland88,700 USD
Oklahoma City94,400 USD
Orlando84,500 USD
Philadelphia111,000 USD
Phoenix109,000 USD
Sacramento93,300 USD
San Antonio114,000 USD
San Diego108,000 USD
San Francisco104,000 USD
San Jose107,000 USD
Seattle99,500 USD
Tampa87,300 USD
Vancouver79,100 USD
Washington D.C.103,000 USD

Salary Comparison By State

StateAverage Salary
Alabama101,000 USD
Alaska88,100 USD
Arizona105,000 USD
Arkansas97,100 USD
California111,000 USD
Colorado100,000 USD
Connecticut97,400 USD
Delaware90,600 USD
District of Columbia88,700 USD
Florida110,000 USD
Georgia109,000 USD
Hawaii92,900 USD
Idaho93,000 USD
Illinois110,000 USD
Indiana105,000 USD
Iowa97,200 USD
Kansas97,300 USD
Kentucky100,000 USD
Louisiana101,000 USD
Maine92,600 USD
Maryland105,000 USD
Massachusetts105,000 USD
Michigan109,000 USD
Minnesota103,000 USD
Mississippi97,100 USD
Missouri104,000 USD
Montana92,300 USD
Nebraska95,400 USD
Nevada97,500 USD
New Hampshire93,500 USD
New Jersey109,000 USD
New Mexico96,700 USD
New York113,000 USD
North Carolina99,600 USD
North Dakota81,400 USD
Ohio101,000 USD
Oklahoma91,600 USD
Oregon91,700 USD
Pennsylvania102,000 USD
Rhode Island83,600 USD
South Carolina93,900 USD
South Dakota83,800 USD
Tennessee97,700 USD
Texas104,000 USD
Utah88,700 USD
Vermont82,300 USD
Virginia100,000 USD
Washington99,200 USD
West Virginia88,100 USD
Wisconsin96,600 USD
Wyoming81,800 USD

Government vs Private Sector Salary Comparison

Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in United States is 5% on average across all career fields.

Private Sector
92,800 USD
Public Sector+5%
97,500 USD
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary in Purchasing and Inventory in United States?

A good and competitive compensation would range anywhere between 88,500 USD and 106,000 USD. This is a very rough estimate. Experience and education play a very huge part in the final earnings.

Gross Salary (before tax) and Net Salary (after tax)

All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

Base / Basic Salary

The base salary for jobs in Purchasing and Inventory in United States ranges from 33,800 USD to 67,800 USD. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.


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

Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn 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


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