Inventory Coordinator Careers: Job Description & Salary Info

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What are the pros and cons of an inventory coordinator career? Get real job descriptions, career prospects and salary info to see if becoming an inventory coordinator is right for you.
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Pros and Cons of an Inventory Coordinator Career

Inventory coordinators work to ensure that a company has the products and materials it needs to operate. Explore the pros and cons of being an inventory coordinator ahead.

Pros of an Inventory Coordinator Career
Can work at the manufacturing, distribution or retail levels*
Entry-level positions available that only require a high school education**
Interact with multiple departments in an organization**
Opportunities exist for advancement*

Cons of an Inventory Coordinator Career
Declining job growth in some industries***
Position may be physically demanding**
Multiple priorities and responsibilities may cause stress*
Work environment in some organizations may be loud**

Sources: *University of Wisconsin, **Adams 12 Five Star Schools, ***U.S Bureau of Labor Statistics.

Essential Career Information

Job Description and Duties

Inventory coordinators manage and maintain the inventory records in retail, manufacturing or distribution businesses. Coordinators analyze inventory records to determine the demand for materials and the appropriate stock levels to maintain. Inventory control begins when materials are brought into the organization through the receiving process. Coordinators verify the count and condition of materials against documentation provided by the vendor.

Inventory control coordinators enter quantity information into the organization's inventory management system. Coordinators monitor inventory accuracy by conducting regular physical inventories or through a cycle-counting system. Cycle-counting is a management process that counts a portion of the inventory each day, eliminating the need for a disruptive physical inventory. Coordinators identify discrepancies in the inventory records and conduct an analysis to determine the root cause of the count error. Coordinators also adjust the system to reflect accurate count quantity.

Job Growth and Salary

According to PayScale.com, as of July 2015 the annual salary for inventory coordinators ranged from $31,000-$58,000. The U.S. Bureau of Labor Statistics (BLS) expects employment in the computer and electronics product manufacturing industry to decrease 19% between 2012-2022, and employment in the aerospace parts and product manufacturing industry to experience no change during the same period. The BLS expects inventory coordinators, referred by the BLS as logisticians, to experience a 22% employment growth.

Education and Training Requirements

The education requirements for inventory coordinators vary according to employer. Some employers require a minimum of a high school diploma with experience in inventory control, materials management or warehousing and logistics, while others require a college degree. Experience with inventory databases can give job candidates an edge. Usually, employers require that inventory coordinator candidates possess the ability to perform mathematical calculations and use computers.

What Employers Are Looking For

Inventory coordinators can work in a manufacturing environment for a variety of employers. Employers generally prefer job candidates with experience in inventory control and the ability to analyze and research inventory discrepancies. Below are some job postings for inventory coordinators found in March 2012.

  • An Indiana manufacturing company is looking for an inventory coordinator to maintain and correct the inventory records database. Job candidates must have a bachelor's degree or professional experience.
  • An Ohio consumer food manufacturer is seeking an inventory deployment coordinator to be responsible for establishing inventory levels, maintaining accurate counts, analyzing inventory discrepancies and developing strategies to reduce costs. The employer requires the candidate to have a minimum of two years experience in inventory control or a college degree.
  • An Illinois employer is searching for an inventory control coordinator to monitor shipping and receiving transactions, reconcile, and analyze inventory discrepancies. The company requires candidates have at least one year of college and three years experience in inventory control.

How to Stand Out in the Field

While there is no particular education requirement for inventory coordinators, students in a bachelor's degree program or those planning a career in inventory control can pursue a certificate in supply chain management. Education in supply chain management provides students with an understanding of scheduling, material and capacity planning, purchasing and inventory control.

Get Certified

The Association for Operations Management offers certification in production and inventory management for professionals in purchasing, planning, inventory control and supply chain management. To become certified, you must pass examinations in supply chain management, resource management, operations, scheduling and planning.

Other Careers to Consider

Purchasing

If you have an interest in supply chain and materials management, but an inventory coordinator career is not a good fit for you, opportunities are available in purchasing. Purchasing managers use information from inventory coordinators to determine the need for materials and supplies. Managers work to obtain the best price for materials in terms of cost and quality. The median annual salary for purchasing managers in 2010 was $95,000 and employment was expected to rise seven percent between 2008 and 2018, according to the BLS. Purchasing managers must have a higher level of education than inventory coordinators, and some employers prefer that candidates have a graduate degree.

Production Planning and Management

Production managers oversee and plan the operations necessary for manufacturing products. Managers must ensure that workers maintain the quality of the product while meeting production goals. Production managers use the business's human, machine and material resources to manufacture products as efficiently as possible. While employment in the manufacturing industry is expected to decline between 2008 and 2018, industrial production manager positions will decline at a slower rate than other positions in the industry. Most positions require a college degree, but employers may also require experience in production for management jobs. In 2010, the median annual salary for industrial production managers was $87,000, according to the BLS.

Popular Schools

  • Online Programs Available
    1. Kaplan University

    Program Options

    Master's
      • Master : Business Admin
      • Master : Business Admin
    Bachelor's
      • BSBA - Supply Chain Management and Logistics
      • BSBA in Purchasing
      • Bachelor of Business Admin
      • BSBA - Investment
    Associate's
      • Associate: Business Admin. - Office Mgmt
      • Associate: Business Admin.
      • Associate: Accounting
      • AASBA in Retail Management
  • Online Programs Available
    2. Colorado Technical University

    Program Options

    Doctorate
      • Doctor of Management (DM) - General Concentration (Executive Format)
    Bachelor's
      • Bachelor: Business Admin - Logistics/Supply Chain Management
      • BS - Business Administration - Management
      • Bachelor of Science in Business Administration - Organizational Behavior
      • Bachelor of Science in Business Administration - Business Development
      • BS - Business Administration - General
    Associate's
      • Associate of Science in Business Administration
  • Online Programs Available
    3. Utica College

    Program Options

    Master's
      • MBA - General
  • Online Programs Available
    4. American InterContinental University

    Program Options

    Bachelor's
      • Bachelor of Business Admin: Management
      • Bachelor of Business Administration - Generalist
      • Bachelor of Business Admin: Operations Management
    Associate's
      • Associate of Arts in Business Administration
  • Campus and Online Programs
    5. Full Sail University

    Program Options

    Master's
      • M.S. - Internet Marketing
      • M.S. - Entertainment Business
    Bachelor's
      • B.S. - Music Business
  • Online Programs Available
    6. Winthrop University

    Program Options

    Master's
      • Master of Business Administration
  • Online Programs Available
    7. Northcentral University

    Program Options

    Master's
      • Master of Business Admin - Accelerated General MBA
      • Master of Business Administration - Strategic Management
  • Online Programs Available
    8. Seton Hall University

    Program Options

    Master's
      • Master of Business Administration
  • Online Programs Available
    9. Benedictine University

    Program Options

    Master's
      • Accelerated Masters in Business Administration
      • DUAL MBA-MSN
      • Masters in Business Administration
    Bachelor's
      • Bachelors in Management
  • Campus Locations:
    10. Virginia College

    Program Options

    Associate's
      • Associate's - Business Admin
      • Associate: Accounting Specialist
    Certificate
      • Certification - Business Administration
      • Diploma Program - Business Administration

Featured Schools

Kaplan University

  • Master : Business Admin
  • BSBA - Supply Chain Management and Logistics
  • Associate: Business Admin. - Office Mgmt

Which subject are you interested in?

Colorado Technical University

  • Doctor of Management (DM) - General Concentration (Executive Format)
  • Bachelor: Business Admin - Logistics/Supply Chain Management
  • Associate of Science in Business Administration

Are you a US citizen?

Utica College

  • MBA - General

What is your highest level of education completed?

American InterContinental University

  • Bachelor of Business Admin: Management
  • Bachelor of Business Administration - Generalist
  • Associate of Arts in Business Administration

Are you a US citizen?

Full Sail University

  • M.S. - Internet Marketing
  • M.S. - Entertainment Business
  • B.S. - Music Business

What is your highest level of education?

Winthrop University

  • Master of Business Administration

What is your highest level of education?

Northcentral University

  • Master of Business Admin - Accelerated General MBA
  • Master of Business Administration - Strategic Management

What is your highest level of education?

Seton Hall University

  • Master of Business Administration

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