A logistics analyst works with companies to streamline their production or distribution systems. A bachelor's degree is a minimum requirement, but many employers prefer completion of a graduate degree as well.
What Is a Logistics Analyst?
Logistics analysts work with companies to streamline product manufacturing, transportation, storage and distribution. Equipped with at least a bachelor's degree, logistics analysts or operations managers are vital employees in major corporations, small businesses and government organizations.
|Required Education||Bachelor's degree in business, logistics, management information systems or a related field; some employers prefer candidates with a master's degree|
|Projected Job Growth*||27% between 2016 and 2026 (operations research analysts)|
|Average Salary (2019)**||$56,617|
Sources: *U.S. Bureau of Labor Statistics, **Payscale.com
Logistics Analyst Job Description
Often employed by consulting firms, the military, and domestic and international companies, logistics analysts are part of an emerging and fast-growing field. The logistics support job description includes defining, analyzing, and ultimately solving a company's most complex problems. Logistics analysts must be well versed in a number of subjects, chiefly mathematics and engineering. Logistics analysts generally work with statistical software or create quantitative models to simulate real-life problems pertaining to inventory levels, budget constraints and transportation schedules, to name a few.
Logistics analysts may work in a logistics department or engineering, accounting, or distribution department. Often working with department managers and in teams, logistics analysts are good communicators with an eye for detail. Logistics analysts generally work 40 hours a week, according to the U.S. Bureau of Labor Statistics, and often work under strict deadlines.
Career and Salary Information
The U.S. Bureau of Labor Statistics (BLS) predicted that operations research analysts, another name for logistics analysts, could expect a 27% increase in jobs from 2016-2026, much faster than the national average. In June 2019, the salary for logistics analysts averaged $56,617 per year, according to Payscale.com. According to the same source, an entry level logistics analyst salary averaged $49,295, while a logistics management analyst salary, for a professional with more experience, would average $65,208.
What Does a Logistics Analyst Do?
Logistics analysts assist company managers in creating a more productive, cost-effective, and profitable enterprise, whether at a toy company, airline, or financial institution. Managers often relay their challenges to a senior logistics analyst. The analysts then use statistical analyses and strategies to devise numerous possible solutions. Logistics duties include working with managers to determine the most effective solution and aid them in implementation.
How to Become a Logistics Analyst
A logistics analyst career path may require a bachelor's degree program in areas such as business administration, logistics, management information systems (MIS), or accounting. Courses in global logistics, business logistics, transportation systems, and supply management provide an introduction to the field's practices and policies. It's recommended, especially if working in the global market, that logistics analysts develop an understanding of international trade, contracts, and tariffs.
Graduate degrees are preferred by many employers. Logistics analysts pursue graduate education in applied mathematics, logistics, operations research, computer science, business, engineering and management science, among related fields.
Logistics analysts must have strong mathematics and business skills, particularly pertaining to statistical modeling of profits and business activities. Job growth in this field should be excellent for the coming decade, as the services of these professionals are sought by many types of industries.