What is a Supply Chain Analyst?
A Supply Chain Analyst analyzes data and methods to predict and improve a company’s delivery of products and services to its customers. An organization’s supply chain needs to run smoothly and efficiently to ensure a profit, making the supply chain analyst an essential role.
Analysts use data to support their recommendations for optimizing the methods within the company in terms of production, supplies, and transportation. Depending on the size and type of organization, they typically report to a manager or director of supply chain management, and may sometimes report directly to a general manager.
- Bachelor’s degree in business management, operations, logistics, or a similar field
- Prior project management experience
- Supply chain management certification is preferred
Supply Chain Analyst Essential Skills
- Quantitative analysis expertise
- Interpersonal communication skills
- Critical-thinking skills
- Organizational abilities
- Problem solving skills
Supply Chain Analyst Roles & Responsibilities
- Be the contact point for many large purchases made from outside of the company for projects
- Plan and carry out large-scale projects
- Assess a company’s processes and inventory, then use that data to improve efficiency and reduce costs
- Monitor and collect data on current operations, including scheduling, sourcing, warehousing, production, and delivery
- Gather data on each step within the supply chain, using it to recommend changes to reduce costs
- Research partner companies and seek to negotiate best-price contracts to increase business revenue
- Investigate pain points within the process and develop solutions to resolve conflicts and inefficiencies
- Negotiate with vendors and carriers to secure best pricing and ensure contract compliance
- Create performance reports for management to review
- Communicate with other departments within the organization to identify efficiency issues, develop solutions, and implement changes
- Maintain a friendly and professional relationship with vendors while promoting company initiatives and values