Purchasing and Inventory Average Salaries in Shenzhen 2023
How much money does a person working in Purchasing and Inventory make in Shenzhen?
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 Title | Average Salary |
| Asset Management Associate | 26,500 CNY |
| Asset Protection Associate | 24,900 CNY |
| Asset Protection Specialist | 26,900 CNY |
| Assistant Buyer | 23,000 CNY |
| Buyer | 39,300 CNY |
| Capacity Planner | 29,000 CNY |
| Category Manager | 30,900 CNY |
| Channel Services Representative | 26,600 CNY |
| Contracts Manager | 31,800 CNY |
| Contracts Specialist | 27,400 CNY |
| Demand Planner | 30,200 CNY |
| Demand Planning Manager | 33,700 CNY |
| Distribution Assistant | 22,500 CNY |
| Distribution Manager | 48,600 CNY |
| Inventory Control Clerk | 13,600 CNY |
| Inventory Control Manager | 35,500 CNY |
| Inventory Management Associate | 27,300 CNY |
| Inventory Specialist | 26,800 CNY |
| Logistics Engineer | 23,500 CNY |
| Master Planner | 26,000 CNY |
| Material Handler | 16,000 CNY |
| Material Planning Specialist | 23,100 CNY |
| Merchandise Manager | 31,900 CNY |
| Procurement Administrator | 32,800 CNY |
| Procurement Agent | 20,600 CNY |
| Procurement Analyst | 33,200 CNY |
| Procurement Clerk | 12,700 CNY |
| Procurement Engineer | 26,000 CNY |
| Production Planner | 29,800 CNY |
| Project Buyer | 32,200 CNY |
| Purchaser | 39,000 CNY |
| Purchasing Assistant | 14,800 CNY |
| Purchasing Manager | 54,400 CNY |
| Purchasing Supervisor | 35,100 CNY |
| Shipping and Receiving Clerk | 13,000 CNY |
| Shipping Coordinator | 24,900 CNY |
| Stock Clerk | 14,000 CNY |
| Stock Regulator | 15,200 CNY |
| Storage Manager | 34,100 CNY |
| Store Keeper | 13,200 CNY |
| Stores and Logistics Coordinator | 27,900 CNY |
| Supply Chain Analyst | 37,200 CNY |
| Supply Chain Coordinator | 29,300 CNY |
| Supply Chain Development Manager | 50,800 CNY |
| Supply Chain Manager | 54,000 CNY |
| Supply Planner | 25,900 CNY |
| Warehouse Assistant | 10,200 CNY |
| Warehouse Clerk | 11,000 CNY |
| Warehouse Executive | 43,400 CNY |
| Warehouse Lead | 31,500 CNY |
| Warehouse Manager | 46,100 CNY |
| Warehouse Supervisor | 31,400 CNY |
| Wholesale Buyer | 39,600 CNY |
Purchasing and Inventory Jobs Pay Scale and Salaries in Shenzhen
Salary Structure and Pay Scale Comparison
28,900 CNY or more
24,300 to 28,900 CNY
14,400 CNY or less
14,400 to 24,300 CNY
 10,300 CNY |
26,400 CNY |
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?
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.
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.
Salary Comparison By Education
How does the education level affect your salary?
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.
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
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 |
Salary Comparison By Gender in China for all Careers
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.
China / 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
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
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?
Share This Chart Tweet Get Chart Linkhttp://www.salaryexplorer.com/charts/china/purchasing-and-inventory/annual-salary-bonus-rate-china-purchasing-and-inventory.jpg
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 BonusesThe most standard form of bonus where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, 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 BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese 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 Generators | Supporting 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: | Example: |
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.
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 |
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.
Purchasing and Inventory Hourly Average Wage in Shenzhen
160 CNY per hourThe 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.
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
The average salary for Purchasing and Inventory is 3% less than that of All Jobs.
Shenzhen VS China
Salary Comparison By City
| City | Average Salary |
| Dongguan | 25,500 CNY |
| Foshan | 25,300 CNY |
| Guangzhou | 31,300 CNY |
| Shantou | 27,700 CNY |
| Shenzhen | 28,000 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 |
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
