Supply Chain AnalystJob Description, Salary, Career Path, and Trends
Every day, hundreds of millions of products need to leave somewhere and arrive at their next destination. The faster and more efficient this can happen, the more affordable and eco-friendly it is for everyone.
Supply chain analysts are vital in the process of making a supply chain run as smoothly and efficiently as possible. They assess a company’s logistic processes and gather data to optimize the supply chain. They continue to monitor and improve the supply chain and create reports for supervisors, managers, and stakeholders.
These experts need to be strongly suited for critical thinking and possess a high level of quantitative analysis. They’ll need to be able to convey these complex ideas to others, and as such, need to have excellent communication skills. Having strong problem-solving skills alongside organization and time management are major pluses.
Sample job description
We are hiring for an entry-level supply chain analyst in the supply chain department of our company. Responsibilities include coordination and reporting on supply and demand for all products, sourcing costs of new materials/products, and frequently interacting with employees from across the organization to keep everyone informed on current requirements. Your daily tasks will include analyzing daily data to identify any upcoming issues in supply or demand for products, sourcing materials/products, communicating with vendors to ensure they can provide what is needed, maintaining relationships with employees across the company in order to stay up-to-date on production needs and requirements, and preparing regular reports on findings and updates to management.
Typical duties and responsibilities
Analyze and direct the allocation of materials, supplies, and products
Evaluate market dynamics and insights to improve and forecast operational performance
Develop business relationships with suppliers and clients
Design strategies to minimize the cost or time required to store and transport goods
Review logistical systems, and identify and recommend areas for improvement
Education and experience
This position requires a bachelor’s degree in business, systems engineering, or supply chain management.
Required skills and qualifications
Robust data and information analysis abilities
Aptitude for counting and inventory management
Managerial and business management skills
Organizational, communications, and problem-solving skills
Keen attention to detail
Bachelor’s degree in business administration, operations management, or a related field
At least one year of experience in a supply chain role or relevant position
Strong analytical skills.
Ability to work effectively with others in a team environment
Experience with computers and software, including Microsoft Excel and Outlook
Average salary and compensation
The average salary for a supply chain analyst is $68,900 in the United States. Position salary will vary based on experience, education, company size, industry, and market.
Los Angeles, California
Minneapolis-St. Paul, Minnesota
New York City, New York
Typical work environment
The supply chain analyst works in an office environment. The job may require some travel to visit vendors or other company locations.
The typical work hours for a supply chain analyst are from 9 AM to 5 PM, Monday through Friday, in a warehouse setting. With materials often shipping around the clock, overtime or weekend hours may be necessary.
Though not strictly necessary, certifications can help you excel in the position of supply chain analyst. A popular certification that is very beneficial includes:
Certified Supply Chain Professional (CSCP). This certification will demonstrate knowledge of the essential technology, concepts, and strategies of supply chain management and enterprise resource planning.
The path to becoming a supply chain analyst typically begins with a bachelor’s degree in business, systems engineering, or supply chain management. Earning certification from The International Society of Logistics or The American Production and Inventory Control Society can help boost advancement opportunities.
US, Bureau of Labor Statistics’ job outlook
SOC Code: 13-1081
Projected Employment in 2030
Projected 2020-2030 Percentage Shift
Projected 2020-2030 Numeric Shift
Employment growth in the logistics field should be driven in part by the need for logistics in the transportation of goods across a global economy. The increased use of technology, including radio frequency identification (RFID) tags and hand-held devices that read barcodes automatically, is expected to allow fewer warehouse and logistics workers to do the same amount of work.
Sample interview questions
Why are you interested in working as a supply chain analyst?
What experience do you have in this field?
What analytical skills do you think will be most important for this role?
Can you tell me about a time when you had to work with someone from another department to resolve an issue?
What type of software do you feel most comfortable using? What programs can you quickly learn if they aren’t already familiar to you?
Do you have any active professional certifications related to this position?
What were your responsibilities as a supply chain analyst at your last job?
How many people were on your team, and what was the size of your budget?
How do you handle stress while working? Do you have any examples of when you’ve been able to successfully manage a difficult situation?
What are some of the most important things you’ve learned in your previous jobs that will help you in this position?
How would you respond if your findings revealed a huge rise in demand vs. supply for an essential product?
What are some of your professional goals right now, and how might this position help you achieve them?
Would you be willing to travel occasionally for work?
What do you think are the biggest challenges facing the supply chain industry right now? Do you have any ideas on how to overcome them?
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