What Does a Supply Chain Analyst Do?
Supply Chain Analysts are typically employed by companies who have large supply chains that need regular assessment. They work in diverse industries including e-commerce, retail, manufacturing, food, government and nongovernment organizations. These professionals supervise the components of a company’s logistics system from placing orders to transportation to delivery.
They seek to make their employer’s supply chain efficient by reducing the cost and time to deliver products to the factory and the consumer. When issues arise, Supply Chain Analysts use their expert knowledge of the logistics chain to resolve problems and avoid costly delays.
Supply Chain Analyst Skills and Qualifications
A successful Supply Chain Analyst will have prerequisite skills and qualifications needed for duties. Candidates should have a bachelor’s degree in logistics and supply management or related fields for employment. Employers may require experience in the supply chain or logistics industry. The position requires excellent analytical skills.
Ideal candidates will have an in-depth knowledge of mathematical and logical reasoning. They will also be excellent relationship builders with good interpersonal skills. Supply Chain Analysts will have experience with data collection and analysis tools and know how to develop recommendations to improve the supply chain process.
Here are examples of Supply Chain Analyst skills:
- Bachelor’s degree in supply chain management, logistics, business management or related fields
- Two or more years’ experience in a supply management role or related position
- Proven knowledge of inventory management
- Excellent mathematical and analytical skills
- Working knowledge of data analysis and forecasting tools and ability to develop actionable insights from data
- Interpersonal skills and ability to build and improve trusting relationships
- Attention to detail
Supply Chain Analyst Salary Expectations
A Supply Chain Analyst can earn an average salary of $62,826 per year. The pay depends on the size of the employer, industry, job requirements, qualifications and the economy of the region.
Supply Chain Analyst Education and Training Requirements
Supply Chain Analysts should have at least a bachelor’s degree in supply chain management, logistics or a related field for employment. Candidates require strong data collection and analytics skills to identify trends, mitigate risks and improve product delivery. Employers may train new Supply Chain Analysts on in-house inventory and logistics management systems.
The ideal candidate will be proficient in spreadsheet applications, SQL analysis tools and mathematical analysis. Employers also desire applicants with professional certifications in logistics, supply chains management and related disciplines.
Supply Chain Analyst Experience Requirements
The ideal Supply Chain Analyst candidate will have experience in inventory management, supply chain and logistics. They will be proficient in the data analysis tools used in the industry. The candidate will understand data analysis and interpretation and know how to extract actionable insights from the information.
Job Description Samples for Similar Positions
If a Supply Chain Analyst isn’t exactly what you’re looking for, here are job description samples for Supply Chain Analyst-related positions.