What is a Supply Chain Analyst and How to Become One?

Have you ever wondered who is the person behind the smooth processing of products; whether it’s manufacturing or reaching customers in a secure way? The answer lies in the Supply Chain Analyst—the most sought-after professional in the logistics industry today.  

As per the US Bureau of Labour Statistics (BLS), the Supply Chain Analyst position is expected to grow by 19% between 2023 and 2033, which is higher than the average of all occupations.  

In this career-empowering blog, we will explore the job description for the Supply Chain Analyst, the required skills, and how you can enter this exciting industry with a wealth of opportunities waiting. Let’s dive in! 

Table of Contents 

1) Who is a Supply Chain Analyst? 

2) Key Responsibilities of a Supply Chain Analyst 

3) Essential Skills for a Supply Chain Analyst 

4) Steps to Becoming a Supply Chain Analyst 

5) Average Salary of a Supply Chain Analyst 

6) Supply Chain Analyst Job Description 

7) Conclusion 

Who is a Supply Chain Analyst? 

A Supply Analyst is an essential professional in an organisation who looks after the planning, analysing, and monitoring of all supply chain activities, ranging from manufacturing product completion to make sure the products are reaching the right customers post-shipping.  

They typically work in Supply Chain Management-oriented industries, such as e-commerce stores that sell food, clothes, cars, electronics, furniture, pharmaceuticals, etc.
 

Key Responsibilities of a Supply Chain Analyst 

The supply chain job responsibilities vary according to the industrial type. They are responsible for a number of functions, which include:  

1) Data Analysis 

Supply Chain Analysts are responsible for analysing large sets of data to identify key issues in the supply process through the applications of various specialised tools, such as SAP, Oracle NetSuite, or Tableau. These could include late deliveries, insufficient warehouse space, or bad weather.  

2) Recommending Process Improvements 

In accordance with the issue, they derive conclusions to determine what solutions can be implemented to enhance supply chain efficiency and ensure throughput maximiser in the process. 

3) Collaboration with Teams 

The Supply Chain Analysts partners with diverse teams, such as sales, production, and customer service, to ensure that every process goes in a systematic order. 

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Essential Skills for a Supply Chain Analyst 

To become a proficient Supply Chain Analyst, you need to develop numerous skills. These skills are described as follows: 

1) Data Analysis Expertise 

They should be skilled at identifying patterns in the data and finding ways to improve the Supply Chain Management system. 

2) Teamwork Abilities 

The Supply Chain Analysts work in collaboration with several other team members. Therefore, they should be good at cooperating and working well with others.  

3) Mathematical Proficiency 

They calculate costs associated with logistics management, delivery, and Supply Relation Management (SRM). Therefore, they should be familiar with mathematics, such as cost analysis, budget forecasting, and statistical analysis. 

4)Technical Competence 

Supply Chain Analysts should know how to use tools like SQL, Tableau, and MS Excel to work with enormous amounts of data. 

5) Organisational Skills 

They should be organised and disciplined enough to handle diverse projects and tasks simultaneously without losing their patience and composure.  

6) Logical Reasoning 

They should be curious and capable of questioning the process to make them better and more empowering.  

6) Interpersonal Skills 

Supply Chain Analysts also needs to work with people outside their company, including suppliers and vendors. Hence, they should be able to listen their insights and rates patiently and building better relationships. 

7) Communication Abilities 

They should be able to communicate and explain ideas clearly and transparently through both writing and speaking.  

8) Quantitative and Analytical Abilities 

The Supply Chain Analysts should be familiar with statistical subjects and the basic numbering systems to make logical decisions and provide supervised project support.  

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Steps to Becoming a Supply Chain Analyst 

To become a Supply Chain Analysts, you need to follow the three basic pointers. Here's how you can go about the process.  

1) Obtain a Bachelor's Degree 

However, a Supply Chain Analyst won't need a bachelor's degree since it's more about tools like SAP. Still, still if you have a bachelor's degree (preferably in Business Administration), you will get the upper hand over your competitors. Moreover, by obtaining this degree, you can easily build a strong foundation in business studies, such as business laws and ethics- a crucial asset in this fast-paced profession.   

2) Develop Key Skills 

Develop the relevant skills thoroughly. If you feel you’re lacking in any, such as communication skills, try practising active listening at home or work. 

3) Pursue Entry-Level Opportunities 

After getting the necessary education and skillsets for Supply Chain Analyst, it's time to apply for the job. To do this, you must create a CV that can bypass the Application Tracking System (ATS). To do this, you must narrow down your chosen companies through sites like LinkedIn. Then, find the keywords in their job description and add them to your personalised resume.  

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Average Salary of a Supply Chain Analyst 

The salaries of Supply Chain Analysts depend widely on the location, local job market, and regional inflation rates. Given below is their salary structure in the form of a table based on their experiences.
 

Supply Chain Analyst Job Description 

The following example showcases the job description of the Supply Chain Analyst. 

Conclusion 

We hope you now understand about what Supply Chain Analysts is. The journey through this lucrative profession is a fore sure path to a rewarding and growing career path with plethora of opportunities in numerous industries. With the necessary skills like Data Analysis, teamwork, and technical proficiency, you will be able to succeed in this position. So, ready to embark on this fast-paced career journey with challenges and robust growth waiting? 

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