Home > Salary > India > Inventory Specialist
An inventory specialist is responsible for managing and maintaining inventory levels within a company or organization. They play a crucial role in ensuring that the right amount of products or materials are available at any given time to meet customer demand. Their main duties include monitoring inventory levels, conducting regular audits, and reconciling discrepancies between actual stock and recorded data. They also collaborate with other departments to forecast future inventory needs, track inventory movement, and identify areas for improvement in the supply chain process. Additionally, inventory specialists may be involved in implementing inventory management systems, analyzing data to identify trends, and optimizing inventory turnover.
Estimated Yearly Salary: 1,252,615 INR
Estimated Monthly Salary: 104,385 INR
Estimated Weekly Salary: 24,089 INR per week
Estimated Hourly Salary: 602 INR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 100,628 INR
Estimated Weekly Salary: 23,222 INR per week
Estimated Hourly Salary: 581 INR per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 13,924 USD
Estimated Monthly Salary: 1,160 USD
Estimated Weekly Salary: 268 USD per week
Estimated Hourly Salary: 7 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 1,252,615 INR
Estimated Monthly Salary: 104,385 INR
Estimated Weekly Salary: 24,089 INR per week
Estimated Hourly Salary: 602 INR per hour
By working as Inventory Specialist a person can save up to 265 USD per month or 3,182 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in India, see costs of living in India.
Estimated Yearly Salary for Inventory Specialist
Last revision of data: 2025-01-04
Data as of 2025
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Inventory Specialist salary in India
Average Yearly Salary of Inventory Specialist in India is approximately 1,252,615 INR (13,924 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.
What does Inventory Specialist do?
An inventory specialist is responsible for managing and maintaining inventory levels within a company or organization. They play a crucial role in ensuring that the right amount of products or materials are available at any given time to meet customer demand. Their main duties include monitoring inventory levels, conducting regular audits, and reconciling discrepancies between actual stock and recorded data. They also collaborate with other departments to forecast future inventory needs, track inventory movement, and identify areas for improvement in the supply chain process. Additionally, inventory specialists may be involved in implementing inventory management systems, analyzing data to identify trends, and optimizing inventory turnover.
Skills: Inventory management, Supply chain, Auditing, Forecasting, Data analysis, Inventory control
Job industry: Retail
Job industry: Retail
How much does Inventory Specialist make?
Salary details
How much does Inventory Specialist make?Estimated Yearly Salary: 1,252,615 INR
Estimated Monthly Salary: 104,385 INR
Estimated Weekly Salary: 24,089 INR per week
Estimated Hourly Salary: 602 INR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 1,207,530 INREstimated Monthly Salary: 100,628 INR
Estimated Weekly Salary: 23,222 INR per week
Estimated Hourly Salary: 581 INR per hour
Last revision of data: 2024-01-03Inventory Specialist estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 13,924 USD
Estimated Monthly Salary: 1,160 USD
Estimated Weekly Salary: 268 USD per week
Estimated Hourly Salary: 7 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Compare salary to other countries
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Country:
Salary comparison to National average
India is a diverse and vibrant country located in South Asia. With a population of over 1.3 billion people, it is the second-most populous country in the world. The land area of India spans approximately 3.29 million square kilometers, making it the seventh-largest country by land area. It shares borders with several countries including Pakistan, China, Nepal, Bhutan, Bangladesh, and Myanmar.
Estimated national average yearly salary is 1,850,826 INR (22,380 USD). Value indicated is pre-tax. Below graph shows estimated Inventory Specialist job salary compared to average salary in India.
Comparison shows that a person working as Inventory Specialist in India earns on average:
0.68 times the average salary (or 68% of average salary).
Estimated national average yearly salary is 1,850,826 INR (22,380 USD). Value indicated is pre-tax. Below graph shows estimated Inventory Specialist job salary compared to average salary in India.
Comparison shows that a person working as Inventory Specialist in India earns on average:
0.68 times the average salary (or 68% of average salary).
Is Inventory Specialist a well paid job?
No, our data shows that Inventory Specialist is typically not a well-paid job. The salary varies based on experience. Meaning that even though Inventory Specialist might be a low paying job, with experience the salary might increase to satisfactory levels.What is considered a high salary for Inventory Specialist?
High salary for Inventory Specialist would be somewhere between 1,377,877 INR and 1,816,292 INR. However this is an estimation based on Gaussian Distribution.How much can you save working as Inventory Specialist in India?
Living in India the approximate monthly expenses are: 895 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.Estimated Yearly Salary: 1,252,615 INR
Estimated Monthly Salary: 104,385 INR
Estimated Weekly Salary: 24,089 INR per week
Estimated Hourly Salary: 602 INR per hour
By working as Inventory Specialist a person can save up to 265 USD per month or 3,182 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in India, see costs of living in India.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Pakistan, China, Nepal, Bhutan, Bangladesh, Myanmar (Burma), Afghanistan. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Inventory Specialist
Pakistan is 982 USD
China is 7,976 USD
Nepal is 4,565 USD
Bangladesh is 1,757 USD
Afghanistan is 3,731 USD Last revision of data: 2025-01-04Salary increase per years of experience
Based on data available the salary increase per years of experience is as following- 0 years (beginner) equals base salary
- 1 to 5 years of experience yields
+12% salary increase- 6 to 10 years of experience yields
+25% salary increase- 11 to 15 years of experience yields
+16% salary increase- 16 to 25 years of experience yields
+9% salary increase- more than 25 years of experience yields
+10% salary increaseTop 10 highest salaries in India
(21,041,458 INR per year, pre-tax.)
2. Cardiologist
(17,441,897 INR per year, pre-tax.)
(16,859,303 INR per year, pre-tax.)
4. Neurosurgeon
(16,443,049 INR per year, pre-tax.)
(16,347,274 INR per year, pre-tax.)
(16,022,930 INR per year, pre-tax.)
7. Urologist
(16,021,806 INR per year, pre-tax.)
(15,990,052 INR per year, pre-tax.)
9. Oncologist
(15,984,385 INR per year, pre-tax.)
(15,947,550 INR per year, pre-tax.)
Data as of 2025Random salary:
Quality control administrator (1,013,971 INR per year, pre-tax.)
Medical equipment technician (1,317,425 INR per year, pre-tax.)
Law clerk (1,315,715 INR per year, pre-tax.)
Motorcycle mechanic (1,251,607 INR per year, pre-tax.)
Army sergeant armor (1,422,818 INR per year, pre-tax.)
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