This role has a moderate level of AI exposure. AI can enhance efficiency for some tasks, but this job still relies on human skills and decision-making.
Explore all careersInventory Planners manage stock levels to meet customer demand, using forecasting tools to optimise inventory without overstocking or shortages.
Get qualified to work as an Inventory Planner with a course recognised across Australia. Speak to a training provider to learn more.
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Typical annual salaries for these roles range between approximately $80,000 and $110,000, which translates to roughly $1,540 to $2,115 per week. Increase your employability and earning capacity by obtaining post-graduate qualifications in business administration, logistics, and supply chain management.
There are no clear employment figures for Inventory Planners currently working in Australia. They are employed in the warehouse and logistics departments of industrial, manufacturing, wholesale, and retail organisations.
To become a Inventory Planner in Australia you will need a Bachelor of Business (Logistics and Supply Chain Management), Master of Business Administration (Logistics) or Master of Business Information and Logistics Management.
Source: Australian Government Labour Market Insights 2023
Inventory Planners ensure the organisation has sufficient inventory in place to supply customers — without running out of products or becoming overstocked. They use forecasting and analysis tools to predict customer demand and the optimum inventory levels.
As an Inventory Planner you could be developing an overseas inventory forecast model, monitoring shipping arrivals, brainstorming solutions to delayed inventory shipments, meeting with the Supply Chain Manager to discuss a proposed change to delivery routes, recommending a just-in-time inventory (JIT) strategy to reduce storage costs, or investigating anomalies in the POS (point of sale) real-time-updates against the actual inventory in the warehouse.
To succeed in this job role you will need to be proficient in inventory planning software, have outstanding attention to detail, and be able to produce meaningful reports, forecasts, and recommendations from sales and production data.