How much does a Vendor Managed Inventory Manager make in Germantown, MD? The average Vendor Managed Inventory Manager salary in Germantown, MD is $126,611 as of September 01, 2024, but the range typically falls between $111,217 and $149,119. Salary ranges 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.
What skills does a Vendor Managed Inventory Manager need?
Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
1.
Leadership: Knowledge of and ability to employ effective strategies that motivate and guide other members within our business to achieve optimum results.
2.
Promotion: Developing and implementing promotional activities to attract and increase the awareness of customers in buying products.
3.
Staff Management: To manage employees or subordinates of an organization is termed staff management. This is a structure through which staff members or employees can achieve their full potential within the job duties assigned to them.
Mastering certain skills can make the compensation of a Vendor Managed Inventory Manager higher. Salary.com's Real-time Job Posting Salary Data provides you the latest highly compensated skills to help you get a higher pay. For example, if you master Vendor Relationships, you can get a 17% salary raise. If you are good at Collaboration, your salary will increase by 14%.If you are expert in Innovation, your salary will rise by 12%.
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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 2024 Salary.com)...
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Job Openings for Vendor Managed Inventory Manager
in Germantown, MD
McKesson is an impact-driven, Fortune 10 company that touches virtually every aspect of healthcare. We are known for delivering insights, products, and ser...
Consideration will be given to employees that are in good standing within their current position, this includes the following. attendance is less than 3 po...
FSQ Inventory Control Analyst. . Role Summary. . The FSQ Inventory Control Coordinator is responsible for tracking and managing FSQ product holds in the ER...
FSQ Inventory Control Coordinator. . Role Summary. . The FSQ Inventory Control Coordinator is responsible for tracking and managing FSQ product holds in th...
Managed Care Billing Specialist- CBO/AR Team. . Location: Remote (100% remote after initial training period). Preferred TX based candidates as there will b...
- 4 Days Ago
Career Path for Vendor Managed Inventory Manager
A career path is a sequence of jobs that leads to your short- and long-term career goals.
Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.
For Vendor Managed Inventory Manager, the first career path typically progresses to Vendor Managed Inventory Director.
Those that have already made the climb...
Scott Morris, President and Chief Operating Officer
Freshpet, Inc. manufactures and markets natural fresh meals and treats for dogs and cats in the United States, Canada, and Europe. The company sells its products under the Freshpet brand; and Dognation and Dog Joy labels through various classes of retail, including grocery, mass, club, pet specialty, and natural, as we... More
Freshpet, Inc.
Company Description
Fiscal Year Ended in 2022
What does a Vendor Managed Inventory Manager do?
Vendor Managed Inventory Manager in Roanoke, VA
Put simply, vendor-managed inventory is a process where the supplier (or the next party, up the supply chain) manages your inventory instead of you.
February 17, 2020
Vendor Managed Inventory Manager in Dothan, AL
Thus, the vendor is responsible for the retailer's ordering cost, while the retailer has to pay for their own holding cost.
February 11, 2020
Vendor Managed Inventory Manager in Huntington, NY
However, with CI, you still have to manage the inventory even though you will not pay the supplier until you use it.
Vendor Managed Inventory Manager Pay Difference by Location
Vendor Managed Inventory Manager salary varies from city to city.
Compared with national average salary of Vendor Managed Inventory Manager, the highest Vendor Managed Inventory Manager salary is in San Francisco, CA, where the Vendor Managed Inventory Manager salary is 25.0% above.
The lowest Vendor Managed Inventory Manager salary is in Miami, FL, where the Vendor Managed Inventory Manager salary is 3.5% lower than national average salary.
Germantown is an urbanized census-designated place in Montgomery County, Maryland. With a population of 90,676 as of 2013 U.S. Census Bureau estimates, Germantown is the third most populous place in Maryland, after the city of Baltimore, and the census-designated place of Columbia. Germantown is located approximately 25–30 miles (40–48 km) outside of the U.S. capital of Washington, D.C. and is an important part of the Washington metropolitan area.
Germantown was founded in the early 19th century by European immigrants though much of the area's development did not occur until the mid-20th centu...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Vendor Managed Inventory Manager Salary by Global Country
Vendor Managed Inventory Manager salary varies from country to country.
There are several factors that mainly impact the Vendor Managed Inventory Manager salary, including cost of living, economic conditions, market rates and legal differences.
Click below to Vendor Managed Inventory Manager salary of the other country.
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Browse Related Job Categories With Vendor Managed Inventory Manager
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Take just three simple steps below to generate your own personalized salary report
Step 1 of 3
Understand the total compensation opportunity for a Vendor Managed Inventory Manager, base salary plus other pay elements
Average Base Salary
Core compensation
 
 
 
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149119
126611
Average Total Cash Compensation
Includes base and annual incentives
 
 
 
120501
166039
139339
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Vendor Managed Inventory Manager in Germantown, MD. The base salary for Vendor Managed Inventory Manager ranges from $111,217 to $149,119 with the average base salary of $126,611. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $120,501 to $166,039 with the average total cash compensation of $139,339.
About Germantown, Maryland Germantown is an urbanized census-designated place in Montgomery County, Maryland. With a population of 90,676 as of 2013 U.S. Census Bureau estimates....More