Career Definition of a Supply Chain Analyst
It's common for people to go to their computers, log in to a website and order products. Within hours or days their product is delivered to their home or a store where they can pick it up. Behind the scenes, supply chain analysts play a key role in ensuring that goods are delivered to stores and customers on schedule. In order to do this, they are responsible for overseeing all steps involved from order to delivery. They consider all of the staff that perform tasks related to product delivery, such as those responsible for locating and packaging products, labeling the products with delivery location information and transporting goods.
Supply chain analysts seek to ensure that products get where they're supposed to go as efficiently as possible. They spend a lot of time reviewing information about the delivery process and may make recommendations for how to improve the delivery of goods. Their skills can be used to determine ways to save money or reduce the time needed to deliver goods. They also play an active role in resolving issues that arise when deliveries are behind schedule or when other issues affect a company's ability to meet product demand.
|Educational Requirements||Bachelor's degree|
|Job Skills||Organizational skills, computer skills, mathematical skills, interpersonal skills, problem-solving skills, communication skills, analytical skills, leadership skills|
|Median Salary (2020)*||$60,068|
|Job Outlook (2018-2028)**||5% (logisticians)|
Sources: *PayScale; **U.S. Bureau of Labor Statistics
In order to prepare for a career as a supply chain analyst it's usually necessary to earn a bachelor's degree in a subject such as supply chain management. It's also an option to study business. Those planning on a career in this field may opt to complete related certification programs in logistics; those seeking employment with the government may need to earn other certifications offered by the Defense Acquisition University (DAU).
Supply chain analysts may be required to use special software used to track merchandise so they must have good computer skills. They may work with large volumes of goods and must be aware of several steps in the delivery process so they need good organizational skills in order to keep track of products and issues. Problem-solving skills are essential because part of their objective is to determine ways to improve product delivery and they are responsible for taking action when delays occur. Communication skills are important because they regularly interact with other management professionals and product vendors and others involved in delivering merchandise. They use analytical skills when they review information about the supply chain process and they use mathematical skills to determine ways to reduce expenses.
Career Outlook and Salary
Supply chain analysts are grouped with logisticians by the U.S. Bureau of Labor Statistics (BLS). According to the BLS, those who work in this career field should see jobs increase by 5% from 2018 to 2028. This is the same rate as the expected job growth for all occupations during the same ten-year period. PayScale reports that in 2020, supply chain analysts earned a median income of $60,068 per year.
There are other careers that involve storing and shipping goods that those considering a career as a supply chain analyst may also be interested in. Learn more about these occupations via the links listed below.