How much does a Vendor Managed Inventory Manager make hourly in the United States? The average hourly wage for a Vendor Managed Inventory Manager in the United States is $49 as of February 26, 2021, but the range typically falls between $41 and $59. Hourly rate can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
Job Description for Vendor Managed Inventory Manager
Vendor Managed Inventory Manager manages and maintains the customer's inventory replenishment levels and stock models based on approved schedule and agreed-upon targets. Monitors and analyzes utilization, product availability, pricing, and lead times to prepare VMI models. Being a Vendor Managed Inventory Manager understands all VMI parameters, calculations and data feeds to accurately generate replenishment orders. Develops reports to track all metrics and identify trends or issues that impact inventory levels. Additionally, Vendor Managed Inventory Manager expedites and resolves any shipping, delivery, ordering or system issues that may impact expected inventory replenishment targets. Requires a bachelor's degree. Typically reports to a director. The Vendor Managed Inventory Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. To be a Vendor Managed Inventory Manager typically requires 5 years experience in the related area as an individual contributor. 1 - 3 years supervisory experience may be required. Extensive knowledge of the function and department processes. (Copyright 2021 Salary.com)... View full job description
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Fiscal Year Ended in 2019
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Average Hourly Wage
Average Total Hourly Cash Compensation
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These charts show the average hourly wage (core compensation), as well as the average total hourly cash compensation for the job of Vendor Managed Inventory Manager in the United States. The average hourly rate for Vendor Managed Inventory Manager ranges from $41 to $59 with the average hourly pay of $49. The total hourly cash compensation, which includes base and short-term incentives, can vary anywhere from $44 to $62 with the average total hourly cash compensation of $52.