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Purchasing and Inventory Average Salaries in Florida 2024

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


Average Yearly Salary
110,000 USD
( 9,210 USD monthly)

LOW
39,700
USD
AVERAGE
110,000
USD
HIGH
207,000
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 Florida typically earns around 110,000 USD. Salaries range from 39,700 USD (lowest average) to 207,000 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 Florida 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 Associate91,600 USD
Asset Protection Associate90,700 USD
Asset Protection Specialist103,000 USD
Assistant Buyer89,300 USD
Buyer143,000 USD
Capacity Planner100,000 USD
Category Leader102,000 USD
Category Management Specialist102,000 USD
Category Manager117,000 USD
Channel Services Representative99,000 USD
Contracts Manager117,000 USD
Contracts Specialist100,000 USD
Demand Planner109,000 USD
Demand Planning Manager120,000 USD
Digital Procurement Manager114,000 USD
Distribution Assistant88,200 USD
Distribution Associate87,600 USD
Distribution Manager187,000 USD
E-Commerce Buyer95,000 USD
E-procurement Specialist115,000 USD
Freight and Customs Compliance Manager114,000 USD
Green Procurement Specialist103,000 USD
Inventory Analyst90,800 USD
Inventory Analytics Manager91,500 USD
Inventory Control Clerk50,100 USD
Inventory Control Manager124,000 USD
Inventory Management Associate103,000 USD
Inventory Optimization Manager109,000 USD
Inventory Specialist90,400 USD
Logistics Automation Engineer107,000 USD
Logistics Engineer89,300 USD
Master Planner89,700 USD
Material Handler58,600 USD
Material Planning Specialist80,800 USD
Merchandise Manager116,000 USD
Procurement Administrator114,000 USD
Procurement Agent72,900 USD
Procurement Analyst126,000 USD
Procurement Assistant71,100 USD
Procurement Associate96,600 USD
Procurement Clerk47,000 USD
Procurement Engineer97,300 USD
Procurement Manager195,000 USD
Procurement Officer45,300 USD
Procurement Process Analyst109,000 USD
Procurement Risk Manager114,000 USD
Procurement Specialist92,800 USD
Procurement Technology Consultant113,000 USD
Production Planner103,000 USD
Project Buyer117,000 USD
Purchaser145,000 USD
Purchasing Agent82,700 USD
Purchasing Assistant52,300 USD
Purchasing Manager201,000 USD
Purchasing Officer87,500 USD
Purchasing Supervisor123,000 USD
Shipping and Receiving Clerk47,600 USD
Shipping Coordinator89,400 USD
Stock Clerk50,100 USD
Stock Regulator59,000 USD
Storage Manager119,000 USD
Store Keeper46,700 USD
Stores and Logistics Coordinator99,700 USD
Strategic Sourcing Analyst131,000 USD
Supplier Diversity Program Manager131,000 USD
Supplier Relationship Manager136,000 USD
Supply Chain Analyst138,000 USD
Supply Chain Coordinator102,000 USD
Supply Chain Development Manager169,000 USD
Supply Chain Director208,000 USD
Supply Chain Manager202,000 USD
Supply Planner92,800 USD
Sustainability Procurement Specialist127,000 USD
Sustainable Sourcing Specialist96,200 USD
Sustainable Supply Chain Manager139,000 USD
Third Party Logistics Manager145,000 USD
Vendor Management Specialist130,000 USD
Warehouse Assistant39,600 USD
Warehouse Automation Engineer99,700 USD
Warehouse Clerk39,000 USD
Warehouse Executive161,000 USD
Warehouse Lead110,000 USD
Warehouse Manager176,000 USD
Warehouse Supervisor114,000 USD
Wholesale Buyer142,000 USD


Purchasing and Inventory Jobs Pay Scale and Salaries in Florida

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

5% of people earn
111,000 USD or more
10% of people earn
93,400 to 111,000 USD
20% of people earn
55,200 USD or less
65% of people earn
55,200 to 93,400 USD
Minimum Salary
39,700 USD
Median
104,000 USD
Maximum
207,000 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 Florida range from 39,700 USD (starting average salary) to 207,000 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 104,000 USD, implying that half of the workforce in Florida 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 Florida earn less than 79,600 USD, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 125,000 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 Florida. The analysis revealed that roughly 65% of all reported salaries fell within the range of 55,200 USD to 93,400 USD. Approximately 20% of salaries were below the 55,200 USD mark, while 10% ranged from 93,400 USD to 111,000 USD. Only 5% of individuals earned a gross salary of 111,000 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 Florida 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 Florida, 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 / Florida

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 / Florida

How much are annual salary increments in Florida 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 % every 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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100% of surveyed staff in Purchasing and Inventory reported that they haven't received any bonuses or incentives in the previous year while % said that they received at least one form of monetary bonus.

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

Received Bonus
%
No Bonus
100%

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 / Florida


53 USD per hour

The average hourly wage (pay per hour) in Purchasing and Inventory in Florida is 53 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 Florida is 19 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
Jacksonville108,000 USD
Miami92,200 USD
Orlando84,500 USD
Tampa87,300 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 Florida?

A good and competitive compensation would range anywhere between 104,000 USD and 125,000 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 Florida ranges from 39,700 USD to 79,600 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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