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Purchasing and Inventory Average Salaries in Shenzhen 2023

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


Average Monthly Salary
28,000 CNY
( 336,000 CNY yearly)

LOW
10,300
CNY
AVERAGE
28,000
CNY
HIGH
53,900
CNY

A person working in Purchasing and Inventory in Shenzhen typically earns around 28,000 CNY per month. Salaries range from 10,300 CNY (lowest average) to 53,900 CNY (highest average, actual maximum salary is higher).

This is the average monthly 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 Associate26,500 CNY
Asset Protection Associate24,900 CNY
Asset Protection Specialist26,900 CNY
Assistant Buyer23,000 CNY
Buyer39,300 CNY
Capacity Planner29,000 CNY
Category Manager30,900 CNY
Channel Services Representative26,600 CNY
Contracts Manager31,800 CNY
Contracts Specialist27,400 CNY
Demand Planner30,200 CNY
Demand Planning Manager33,700 CNY
Distribution Assistant22,500 CNY
Distribution Manager48,600 CNY
Inventory Control Clerk13,600 CNY
Inventory Control Manager35,500 CNY
Inventory Management Associate27,300 CNY
Inventory Specialist26,800 CNY
Logistics Engineer23,500 CNY
Master Planner26,000 CNY
Material Handler16,000 CNY
Material Planning Specialist23,100 CNY
Merchandise Manager31,900 CNY
Procurement Administrator32,800 CNY
Procurement Agent20,600 CNY
Procurement Analyst33,200 CNY
Procurement Clerk12,700 CNY
Procurement Engineer26,000 CNY
Production Planner29,800 CNY
Project Buyer32,200 CNY
Purchaser39,000 CNY
Purchasing Assistant14,800 CNY
Purchasing Manager54,400 CNY
Purchasing Supervisor35,100 CNY
Shipping and Receiving Clerk13,000 CNY
Shipping Coordinator24,900 CNY
Stock Clerk14,000 CNY
Stock Regulator15,200 CNY
Storage Manager34,100 CNY
Store Keeper13,200 CNY
Stores and Logistics Coordinator27,900 CNY
Supply Chain Analyst37,200 CNY
Supply Chain Coordinator29,300 CNY
Supply Chain Development Manager50,800 CNY
Supply Chain Manager54,000 CNY
Supply Planner25,900 CNY
Warehouse Assistant10,200 CNY
Warehouse Clerk11,000 CNY
Warehouse Executive43,400 CNY
Warehouse Lead31,500 CNY
Warehouse Manager46,100 CNY
Warehouse Supervisor31,400 CNY
Wholesale Buyer39,600 CNY

Purchasing and Inventory Jobs Pay Scale and Salaries in Shenzhen

Median and salary distribution Shenzhen Purchasing and Inventory monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
28,900 CNY or more
10% of people earn
24,300 to 28,900 CNY
20% of people earn
14,400 CNY or less
65% of people earn
14,400 to 24,300 CNY
Minimum Salary
10,300 CNY
Median
26,400 CNY
Maximum
53,900 CNY


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

  • Salary Range, Minimum Wage, and Starting Salary

    Purchasing and Inventory salaries in Shenzhen range from 10,300 CNY per month (starting average salary) to 53,900 CNY per month (maximum average salary, actual maximum is higher). This is not the minimum wage as per the law, only the lowest reported number in the salary survey that had thousands of participants and professionals from all over the country.

  • Median Salary

    The median salary is 26,400 CNY per month, which means that half (50%) of people working in Purchasing and Inventory are earning less than 26,400 CNY while the other half are earning more than 26,400 CNY. 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 and Salary Scale

    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 20,300 CNY while 75% of them are earning more than 20,300 CNY. Also from the diagram, 75% of people working in Purchasing and Inventory are earning less than 31,800 CNY while 25% are earning more than 31,800 CNY.

  • Pay Scale Structure

    We grouped the most common and recurring salaries into brackets to give more insight into what salary to expect. This method is more accurate than just the average salary and gives more insights on how salaries are actually distributed. Around 65% of all reported figures are in the range 14,400 CNY to 24,300 CNY. Approximatly 20% fall under the 14,400 CNY cap. Ten percent of wages are from 24,300 CNY to 28,900 CNY. Only 5% of people grossed 28,900 CNY or more.

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 China costs anywhere from 146,000 Yuan Renminbi(s) to 439,000 Yuan Renminbi(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.

Salary and Compensation Comparison By Gender - Purchasing and Inventory

Salary comparison by gender China Purchasing and Inventory monthly
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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 China who work in Purchasing and Inventory earn 13% more than their female counterparts on average.

Male
30,100 CNY
Female-12%
26,600 CNY
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in China for all Careers

Salary comparison by gender monthly China
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Purchasing and Inventory Average Annual Salary Increment Percentage in China

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

Purchasing and Inventory

Purchasing and Inventory professionals in China are likely to observe a salary increase of approximately 9% every 15 months. The national average annual increment for all professions combined is 9% granted to employees every 15 months.

Annual Salary Increment Rate China 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.

China / All Professions

Annual Salary Increment Rate China
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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 China is 7%.

Annual Increment Rate By Industry 2022

Banking
8%
Energy
7%
Information Technology
6%
Healthcare
5%
Travel
4%
Construction
3%
Education
2%

Listed above are the average annual increase rates for each industry in China for the year 2022. 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

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.

Purchasing and Inventory Bonus and Incentive Rates in China

How much and how often are bonuses being awarded?Annual Salary Bonus Rate China Purchasing and Inventory
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Purchasing and Inventory is considered to be a moderate bonus-based field. 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 Salary Forecast and Trend in China

How do Purchasing and Inventory salaries change over time? Listed below is a chart that shows the average salary in recent years.

Average Salary 2019
24,500 CNY
Average Salary 2020+4%
25,400 CNY
Average Salary 2021+4%
26,300 CNY
Average Salary 2022+4%
27,300 CNY
Percentage increase and decrease are relative to the previous value

Purchasing and Inventory salaries in China are rising in the year 2023 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2022 are 4% higher than those of 2021. The trend suggests a slow yet continuous increase in pay in 2024 and future years. These numbers may vary from industry to another.

Salary trends and forecast monthly China Purchasing and Inventory
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Purchasing and Inventory Hourly Average Wage in Shenzhen


160 CNY per hour

The average hourly wage (pay per hour) in Shenzhen is 160 CNY. This means that the average person in Shenzhen earns approximately 160 CNY 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 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.

What is the minimum hourly rate of pay?

This minimum pay rate per hour for a person in Shenzhen is 60 CNY. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Purchasing and Inventory VS Other Jobs

28,000 CNY
29,000 CNY
Average Salary
Purchasing and Inventory
Average Salary
All Jobs

The average salary for Purchasing and Inventory is 3% less than that of All Jobs.

Salary Comparison Between Purchasing and Inventory and Purchasing and Inventory monthly Shenzhen
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Shenzhen VS China

Salary Comparison Between Shenzhen and China monthly Purchasing and Inventory
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We compared Purchasing and Inventory salaries in Shenzhen, Guangdong, and China and we found that Shenzhen salaries are 11% less than those of Guangdong. We also found out that Guangdong salaries are 11% more than those of China.

Salary Comparison By City

CityAverage Salary
Dongguan25,500 CNY
Foshan25,300 CNY
Guangzhou31,300 CNY
Shantou27,700 CNY
Shenzhen28,000 CNY

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 China earn 6% more than their private sector counterparts on average across all sectors.

Private Sector
28,500 CNY
Public Sector+6%
30,100 CNY
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 for Purchasing and Inventory in Shenzhen?

A good and competitive compensation would range anywhere between 26,400 CNY and 31,800 CNY. This is a very rough estimate and your experience and education will play a very huge part into your 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 salart after tax for every career.

Base / Basic Salary

The base salary for Purchasing and Inventory in Shenzhen is ranges from 20,300 CNY to 31,800 CNY. 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 in 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 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


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