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Purchasing and Inventory Average Salaries in United States 2020

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

A person working in Purchasing and Inventory in United States typically earns around 94,100 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 102,000 USD per year, which means that half (50%) of people working in Purchasing and Inventory are earning less than 102,000 USD while the other half are earning more than 102,000 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 60,900 USD while 75% of them are earning more than 60,900 USD. Also from the diagram, 75% of people working in Purchasing and Inventory are earning less than 150,000 USD while 25% are earning more than 150,000 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.

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 8% more than their female counterparts on average.

Female
90,600 USD
Male+8%
97,500 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 2019

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 2019. 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.

Government vs Private Sector Salary Comparison

Public vs private sector salaries yearly United States
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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
92,500 USD
Public Sector+5%
97,200 USD
Percentage increase and decrease are relative to the previous value

Purchasing and Inventory Hourly Average Wage in United States


45 USD per hour

The average hourly wage (pay per hour) in United States is 45 USD. This means that the average person in United States earns approximately 45 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 1% less than that of All Jobs.

Salary Comparison By City

CityAverage Salary
Atlanta94,900 USD
Austin110,000 USD
Baltimore96,400 USD
Boston103,000 USD
Bristol79,700 USD
Chicago109,000 USD
Cincinnati80,500 USD
Cleveland83,200 USD
Dallas112,000 USD
Denver102,000 USD
Detroit103,000 USD
Honolulu79,400 USD
Houston117,000 USD
Indianapolis99,700 USD
Iowa City77,700 USD
Jacksonville108,000 USD
Kansas City91,700 USD
Kent78,500 USD
Las Vegas95,900 USD
Long Beach90,500 USD
Los Angeles114,000 USD
Memphis100,000 USD
Miami92,100 USD
Minneapolis83,700 USD
New Orleans87,500 USD
New York120,000 USD
Oakland88,700 USD
Oklahoma City94,300 USD
Orlando84,400 USD
Philadelphia111,000 USD
Phoenix109,000 USD
Sacramento93,300 USD
San Antonio114,000 USD
San Diego108,000 USD
San Francisco104,000 USD
San Jose106,000 USD
Seattle99,400 USD
Tampa87,200 USD
Vancouver79,000 USD
Washington D.C.103,000 USD

Salary Comparison By State

StateAverage Salary
Alabama101,000 USD
Alaska88,000 USD
Arizona105,000 USD
Arkansas97,000 USD
California111,000 USD
Colorado100,000 USD
Connecticut97,300 USD
Delaware90,500 USD
District of Columbia88,600 USD
Florida110,000 USD
Georgia109,000 USD
Hawaii92,800 USD
Idaho92,900 USD
Illinois110,000 USD
Indiana105,000 USD
Iowa97,200 USD
Kansas97,300 USD
Kentucky100,000 USD
Louisiana100,000 USD
Maine92,600 USD
Maryland105,000 USD
Massachusetts105,000 USD
Michigan109,000 USD
Minnesota103,000 USD
Mississippi97,000 USD
Missouri104,000 USD
Montana92,200 USD
Nebraska95,300 USD
Nevada97,400 USD
New Hampshire93,500 USD
New Jersey109,000 USD
New Mexico96,700 USD
New York113,000 USD
North Carolina99,500 USD
North Dakota81,300 USD
Ohio101,000 USD
Oklahoma91,600 USD
Oregon91,700 USD
Pennsylvania102,000 USD
Rhode Island83,600 USD
South Carolina93,800 USD
South Dakota83,800 USD
Tennessee97,700 USD
Texas104,000 USD
Utah88,600 USD
Vermont82,300 USD
Virginia99,900 USD
Washington99,100 USD
West Virginia88,100 USD
Wisconsin96,500 USD
Wyoming81,800 USD
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