Supply Chain Analyst Job Description [Updated for 2024]

supply chain analyst job description

In today’s globalized economy, the role of supply chain analysts is more crucial than ever.

As businesses strive to optimize their operations and minimize costs, the demand for skilled professionals who can analyze, streamline, and fortify the supply chain network grows stronger.

But let’s delve deeper: What exactly does a supply chain analyst do?

Whether you are:

  • A job seeker trying to understand the core responsibilities of this role,
  • A hiring manager outlining the perfect candidate,
  • Or simply curious about the intricacies of supply chain analysis,

You’ve landed at the right spot.

Today, we roll out a customizable supply chain analyst job description template, designed for effortless posting on job boards or career sites.

Without further ado, let’s dive in.

Supply Chain Analyst Duties and Responsibilities

Supply Chain Analysts play a critical role in the logistics and operations of a company.

They use analytical and quantitative methods to understand, predict, and enhance supply chain processes.

Their main duties and responsibilities include:

  • Analyze and interpret supply chain data such as shipment and delivery times, costs, and inventory levels
  • Develop and implement data collection systems and other strategies that optimize statistical efficiency and data quality
  • Evaluate and report on key metrics and performance indicators to internal stakeholders
  • Identify and recommend cost-saving or profit-maximizing opportunities within the supply chain
  • Use predictive modelling to forecast future demand and procurement needs
  • Coordinate with other departments to identify vulnerabilities and close operational gaps
  • Focus on order planning, capital expenditure, inventory control, logistics and delivery
  • Create complex reports, analyze and interpret logistics data, then develop strategies based on findings
  • Track KPIs and report on supply chain’s performance

 

Supply Chain Analyst Job Description Template

Job Brief

We are looking for an experienced Supply Chain Analyst to oversee and manage every aspect of our supply chain process.

Supply Chain Analyst responsibilities include managing and coordinating with suppliers, monitoring order system accuracy, tracking inventory levels, and developing strategies to minimize cost and improve efficiency.

Our ideal candidate is familiar with supply chain processes, data analysis, and has a strong ability to problem-solve.

Ultimately, the role of the Supply Chain Analyst is to ensure our supply chain operations are efficient, cost-effective, and meet customer demands.

 

Responsibilities

  • Analyze supply chain data and identify issues that could affect product delivery or performance.
  • Develop and implement strategies to improve supply chain efficiency and reduce costs.
  • Monitor supplier performance and negotiate contracts to ensure supply chain reliability.
  • Collaborate with other departments to determine future needs and plan supply chain accordingly.
  • Track and forecast inventory needs, and manage inventory control systems.
  • Prepare and present reports on supply chain performance.
  • Stay up-to-date with industry trends and advancements in supply chain management.

 

Qualifications

  • Proven work experience as a Supply Chain Analyst, Logistics Coordinator or similar role
  • Experience in data mining, analysis and reporting
  • Familiarity with supply chain processes (e.g.inventory planning, warehouse management)
  • Working knowledge of MS Office, relational databases and ERP systems (e.g. SAP)
  • Analytical mind with business acumen
  • Problem-solving aptitude
  • Attention to detail
  • Excellent communication skills
  • BSc/BA in Logistics, Business Analytics, Mathematics or a related field

 

Benefits

  • 401(k)
  • Health insurance
  • Dental insurance
  • Retirement plan
  • Paid time off
  • Professional development opportunities

 

Additional Information

  • Job Title: Supply Chain Analyst
  • Work Environment: This role primarily operates in a professional office environment and routinely uses standard office equipment.
  • Reporting Structure: Reports to the Supply Chain Manager.
  • Salary: Salary is based upon candidate experience and qualifications, as well as market and business considerations.
  • Pay Range: $60,000 minimum to $85,000 maximum
  • Location: [City, State] (specify the location or indicate if remote)
  • Employment Type: Full-time
  • Equal Opportunity Statement: We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
  • Application Instructions: Please submit your resume and a cover letter outlining your qualifications and experience to [email address or application portal].

 

What Does a Supply Chain Analyst Do?

Supply Chain Analysts play a critical role in the logistics and operations of an organization.

They typically work for manufacturing companies, retail corporations, and logistics service providers.

Their primary responsibility is to oversee and manage every stage of the supply chain process, from sourcing and procurement to the distribution of goods to the end consumer.

They analyze and interpret complex data, identify trends, and make recommendations to improve efficiency, reduce costs, and increase customer satisfaction.

Supply Chain Analysts also monitor supplier performance to ensure contractual obligations are met and develop risk management strategies to mitigate potential supply chain disruptions.

They often use sophisticated supply chain management software and data analysis tools to carry out their tasks.

In addition, Supply Chain Analysts collaborate with various departments such as procurement, operations, sales, and finance to align supply chain strategies with business objectives.

They may also be responsible for negotiating contracts with suppliers, assisting in new product development, and implementing supply chain optimization projects.

 

Supply Chain Analyst Qualifications and Skills

A proficient supply chain analyst should have the skills and qualifications that align with your job description, such as:

  • Strong analytical skills to evaluate supply chain operations and interpret complex data.
  • Advanced proficiency in supply chain software and tools, including ERP systems and data analysis tools.
  • Excellent problem-solving abilities to identify and resolve issues in the supply chain process efficiently.
  • Effective communication skills for coordinating with different departments and conveying complex supply chain concepts to stakeholders.
  • Time management and organizational skills to manage multiple projects and meet deadlines.
  • Knowledge of inventory management, procurement, logistics, and operations.
  • Understanding of supply chain best practices and industry standards.
  • Detail-oriented approach to ensure accuracy and efficiency in data analysis and reporting.
  • Strong negotiation skills for dealing with suppliers and vendors.

 

Supply Chain Analyst Experience Requirements

Entry-level Supply Chain Analysts typically have 1 to 2 years of experience, often obtained through internships or part-time roles in logistics, operations, or supply chain management.

These professionals might also gain experience in roles such as Logistics Coordinator, Operations Analyst, or other related roles in the supply chain industry.

Candidates with more than 3 years of experience usually have developed their analytical skills and understanding of supply chain processes in entry-level Supply Chain Analyst or Logistics Analyst roles.

Those with more than 5 years of experience often have some project management or supervisory experience in their background and may be ready for a senior supply chain analyst or supply chain manager position.

Additionally, for this role, experience with data analysis tools and software like Excel, SQL, and ERP systems is often preferred.

Understanding of supply chain regulations, risk management, and proficiency in forecasting techniques can also be crucial experience requirements.

 

Supply Chain Analyst Education and Training Requirements

A Supply Chain Analyst typically holds a bachelor’s degree in business, logistics, supply chain management, or a related field.

They must have an understanding of business operations, logistics, and supply chain management.

This can be obtained through specialized courses during their bachelor’s degree or through specific industry training.

Supply Chain Analysts often need to be proficient in certain software such as Enterprise Resource Planning (ERP) systems, Advanced Planning Systems (APS), and other supply chain management software.

Some employers may prefer candidates with a master’s degree in business administration or operations research.

In addition, certification from professional organizations like APICS (The Association for Operations Management) or ISM (Institute for Supply Management) could be beneficial.

These certifications highlight the analyst’s expertise and commitment to the supply chain field.

Continued education and staying updated with the latest trends in supply chain and logistics is important, as the field is constantly evolving.

Candidates with strong analytical, problem-solving, and communication skills are often preferred, as they often have to coordinate with various departments within an organization.

 

Supply Chain Analyst Salary Expectations

The average salary for a Supply Chain Analyst is $61,744 (USD) per year.

However, this figure can fluctuate based on factors such as experience, level of education, industry, and geographical location.

 

Supply Chain Analyst Job Description FAQs

What skills does a Supply Chain Analyst need?

Supply Chain Analysts need excellent analytical skills to scrutinize supply chain data and identify trends or potential issues.

They should also possess strong problem-solving abilities to develop and implement effective strategies.

Communication and interpersonal skills are also essential as they often need to collaborate with vendors, suppliers, and various internal teams.

Knowledge of supply chain processes and related software is also crucial for this role.

 

Do Supply Chain Analysts need a degree?

Most Supply Chain Analyst positions require a bachelor’s degree in business, logistics, supply chain management, or a related field.

Some companies might prefer candidates with a master’s degree or an MBA.

Additionally, certain certifications like Certified Supply Chain Professional (CSCP) can be advantageous.

 

What should you look for in a Supply Chain Analyst’s resume?

In addition to relevant educational qualifications, look for experience in supply chain operations, logistics, or procurement.

Proficiency in data analysis, forecasting, and supply chain management software is also key.

Certifications related to supply chain management can indicate a commitment to professional growth.

A candidate’s ability to achieve cost savings or efficiency improvements can be important indicators of their potential value.

 

What qualities make a good Supply Chain Analyst?

A good Supply Chain Analyst is detail-oriented, as they are responsible for analyzing complex datasets to identify trends and make forecasts.

They are problem solvers who can come up with effective strategies to improve efficiency and reduce costs.

Excellent communication skills are also crucial as they need to explain their findings and recommendations to various stakeholders.

 

Is it challenging to hire a Supply Chain Analyst?

Hiring a Supply Chain Analyst can be challenging due to the specialized skill set required for the role.

It is critical to find candidates who are not only experienced in supply chain management but also possess strong analytical and problem-solving abilities.

Offering competitive salaries and opportunities for professional development can help attract top candidates.

 

Conclusion

And there you have it.

Today, we’ve unraveled the intricacies of what it means to be a supply chain analyst.

And guess what?

It’s not just about managing logistics.

It’s about orchestrating the flow of goods, information, and finances, one decision at a time.

With our comprehensive supply chain analyst job description template and real-world examples, you’re all set to navigate your career path.

But why stop there?

Immerse yourself further with our job description generator. It’s your next step to creating meticulously detailed job listings or refining your resume to precision.

Remember:

Every decision made is a link in the larger supply chain.

Let’s streamline that chain. Together.

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