What Is A Supply Chain Analyst?
The supply chain analyst job description involves analyzing data and developing methods to improve the company’s delivery of goods and services to customers. The supply chain analyst is an important role in order to make sure that a company’s supply chain runs smoothly and efficiently.
Are you interested in a career working as a supply chain analyst This article will explain how to get started in the field and what your prospects are for advancement?
What is the Role of a Supply Chain Analyst in Monitoring?
The role of a supply chain analyst involves assessing the company’s inventory and processes and then using this data to increase efficiency and decrease costs.
The ease with which a company’s products and services reach its customers is a true indicator of a supply chain analyst’s success. These analysts use data to support the recommendations they make for optimizing company processes in terms of production, supply, and transport.
Depending on the organization’s size, a supply-chain analyst usually reports to a director or manager of supply chain management. Sometimes, they may report directly to a general manager.
Salary for supply chain analyst
The salary range of supply chain analysts varies depending on where they work and what industry they are in. The median annual wage in the U.S. for supply chain analysts was $74,750 at May 2019. The supply chain analyst’s salary depends on the employee’s education and experience.
What Do A Supply Chain Analysts Do?
- Collect and monitor data about current operations including scheduling, sourcing, and warehousing.
- Production and delivery.
- To identify areas of performance improvement, analyze data
- Find the pain points in the process and find solutions to solve conflicts and inefficiencies
- Collect data from each step of the supply chain and use it to make recommendations to lower costs
To identify efficiency problems, create solutions and implement changes, communicate with other departments in the organization
- To secure the best prices and contract compliance, negotiate with vendors and carriers
- For management review, create performance reports
- Expertise in quantitative analysis
- Communication skills for interpersonal communication
- Critical thinking skills
- Organizational skills
- Problem-solving skills
Bachelor’s degree is in business management, operations, or logistics.
Prior project management experience
Certification in supply chain management is preferred
Some Supply Chain Analysts Interview Question?
Are you going to interview for a role as a supply chain analyst? These questions should be answered:
- Please describe your method for managing and organizing your time.
- Discuss your approach to conflicting departmental goals, and how you would balance them.
- If you have an experience with your previous employer, share it. What were your steps?
- What were your previous responsibilities in managing projects?
- What do you think about incorporating technology to improve a business process?
- Please describe a time when your strategy or innovation improved a product, service, or company’s growth.
- How have you dealt with vendors and suppliers from outside?
- What is your personal barrier to efficiency? What are your steps to improving efficiency?
How to Become a Supply Chain Analyst
Supply chain analyst education typically requires a bachelor’s degree, usually in engineering or business, but depending on the organization, an advanced business degree might be required.
While certifications such as those offered by the Association for Supply Chain Management are not necessary, they can be used to demonstrate your commitment to the role and expertise.
The Supply Chain data analyst role requires at least three years of experience in project management.