How to become Supply Chain Analyst

How to become Supply Chain Analyst

How to become Supply Chain Analyst
Prashant Thapa

An organization's ability to deliver goods and services to its customers is predicted and improved by a supply chain analyst's analysis of data and delivery techniques. The successful operation of an organization's supply chain depends on it, making the supply chain analyst a crucial position. Moreover, a supply chain analyst evaluates data and methodologies to forecast and enhance a company's delivery of goods and services to its clients. 

The supply chain analyst performs an essential function since a company's supply chain must operate smoothly and efficiently to assure profitability. Follow the article below to learn more about becoming a supply chain analyst.

What is a Supply Chain Analyst?

Supply chain analysis assesses each step of a supply chain, beginning when the company purchases supplies or raw materials from its suppliers and ending with the delivery of finished goods to the customers. Moreover, an organization's ability to deliver goods and services to its customers is predicted and improved by a supply chain analyst's analysis of data and delivery techniques. The operation of an organization's supply chain depends on it, making the supply chain analyst a crucial position.

What are the role and responsibilities of a Supply Chain Analyst?

  • Data gathering and analysis for supply chains.
  • Operating the supply chain management.
  • Providing supply chain teams with training.
  • Analyzing your inventory and creating inventory reports.
  • Researching and identifying supply chain trends.
  • Evaluating supply chain risks and developing plans to address the problems.
  • Function as the point of contact for numerous substantial purchases made outside of the corporation for projects.
  • Organize and carry out significant projects.
  • Analyze the inventory and procedures of a business to increase productivity and cut costs.

How to Become a Supply Chain Analyst? Qualifications

Communication Skills

To work well with multicultural teams and coworkers, including vendors and clients. Additionally, developing the ability to convey information with clarity, empathy, and understanding is necessary for effective communication in our professional and personal lives. This essay will describe effective communication, go through its advantages, and provide tips on how to get better at it.

Time management Skills

Every employee needs to be able to do tasks quickly, and supply chain professionals are no exception. Anyone who works in the supply chain has a full day of obligations; therefore, they must be adept at balancing them all.

Critical thinking and problem-solving

To create and carry out logistical plans, adapt to unforeseen problems, and find ways to reduce costs and increase efficiency.

Interpersonal skills

To plan the intricate movement of goods between suppliers, storage facilities, and clients. Active listening and a passion for people might be advantageous if you advance in supply chain responsibilities.

Organizational skills

Organizational skills are essential to handle several concurrent tasks and maintain records across various tools and platforms. Customers will stop doing business with a company that produces inferior goods quickly. Supply chain experts and analysts must hold their businesses to the highest standards to ensure success. A supply chain analyst must understand the distinction between substandard and high-quality work.

Other Skills

  • Knowledge of quantitative analysis
  • Skills in interpersonal communication
  • Ability to think critically
  • Organization skills
  • Ability to solve problems

Steps to Becoming a Successful Supply Chain Analyst

Academic Requirements

  • Bachelor's degree in business administration, logistics, or a related field.
  • Experience in project management.
  • Certification in supply chain management.
  • Excellent communication skills both in writing and speaking.
  • A master’s degree in a related field.
  • Certified Supply Chain Professional (CSCP)

Acquire more knowledge after high school

To be a supply chain analyst, one must hold a bachelor's degree in business administration, sales, logistics, or supply chain management. Additionally, they must have years of commercial and customer service expertise. Similarly, they need to be familiar with the regions they work. Moreover, a master's degree in a relevant field would be beneficial.

Experience (work and related fields)

To become a supply chain analyst, one must complete various training and internships. Some candidates may have four or more years of experience in supply chain management or ten or more years of industry leadership. Knowing ERP systems may be advantageous for prospective supply chain management.

Training (job or related fields)

Supply chain managers often need a bachelor's degree in engineering or a related field. A master's degree in a related field would be beneficial. The typical educational requirement for a supply chain analyst is a bachelor's degree. Analysts in the supply chain typically major in business, finance, or supply chain management. 15% of supply chain analysts have a master's degree, compared to 73% who have a bachelors. 

Additionally, one must learn about gathering, evaluating, and managing the supply chain's activities as an analyst. The supply chain personnel do receive training from an experienced supply chain analyst.

Career

In today's advanced society, you can purchase almost any sound with just one click. With the aid of complex supply networks, millions of products are delivered to individuals every day worldwide. A supply chain analyst is a good career choice for an organization to be profitable and operate effectively without interruptions.

Employment areas

  • Industries 
  • E-commerce stores 
  • Retail stores 
  • Electronic stores 
  • Furniture 
  • Pharmaceuticals 

Job titles

  • Business Analyst
  • Project Manager
  • Purchasing Manager
  • Business Analyst Consultant
  • Business Analyst Supervisor
  • Supply Chain Manager 
  • Buyer and Planner
  • Demand Planner
  • Inventory Analyst
  • Master Planner
  • Master Scheduler
  • Materials Manager
  • Production Planner

Salary of Supply Chain Analyst

Let us see the average annual salary of a Supply Chain Analyst in some popular countries.

Country

Annual Average Salary of Supply Chain Analyst

Australia

$85,327 (AUD)/yr

Argentina

$ 2.259.916 (ARS)/yr

Belgium

49.238 € (EUR)/yr

Brazil

R$133.556 (BRL)/yr

Canada

$75,764 (CAD)/yr

China

¥217,270 (CNY)/yr

Costa Rica

₡13 240 354 (CRC)/yr

Denmark

407.195 kr. (DKK)/yr

Egypt

109,769 ج.م.‏ (EGP)/yr

Finland

45 642 € (EUR)/yr

France

45 876 € (EUR)/yr

Germany

51.213 € (EUR)/yr

Hong Kong SAR

HK$400,613 (HKD)/yr

India

₹12,41,223 (INR)/yr

Italy

40.009 € (EUR)/yr

Japan

¥5,893,178 (JPY)/yr

Malaysia

RM83,861 (MYR)/yr

Mexico

$369,291 (MXN)/yr

Netherlands

€ 48.809 (EUR)/yr

New Zealand

$74,290 (NZD)/yr

Poland

97 826 zł (PLN)/yr

Portugal

27 711 € (EUR)/yr

Russian Federation

1 008 898 ₽ (RUB)/yr

Switzerland

CHF 75'153 (CHF)/yr

Spain

37.332 € (EUR)/yr

Thailand

฿837,707 (THB)/yr

UK

£39,037 (GBP)/yr

Ukraine

314 086 ₴ (UAH)/yr

United Arab Emirates

153,842 د.إ.‏ (AED)/yr

United States

$72,338 (USD)/yr

Vietnam

345.241.479 ₫ (VND)/yr

Training Course for Supply Chain Analyst

Let us talk about some degree to become a successful Supply Chain Analyst.

Level

Program

Diploma

Postgraduate Diploma in Logistics & Supply Chain Management

Master of Science/Postgraduate Diploma in Global Supply Chain Management

Master of Science/Postgraduate Diploma in Global Supply Chain Management

Postgraduate Diploma in Supply Chain Management & Logistics

Diploma in Business - Supply Chain and Operations (Co-op)

Diploma in Logistics & Supply Chain Management

Bachelors

BSc (Hons) Supply Chain Management

BSc in Supply Chain Management and Logistics

Bachelor in Logistics Management(Global Supply Chain Management)

BA in Business Management and Supply Chain Management

BSc (Hons) Business and Supply Chain Management

BSc (Hons) Global Supply Chain Management

Masters

Master in Integral Logistics: Operations and Supply Chain Management

MSc Operations and Supply Chain Management

MSc Operations and Supply Chain Management

Global Supply Chain Management MSc

MSc Supply Chain Management and Logistics

MSc Engineering Management

PHD

Ph.D. in Logistics & Supply Chain Management

Ph.D. in Supply Chain and Procurement

Ph.D. in Advance Logistics & management

Ph.D. in SCM management, sales, and logistics

Pros and Cons of Becoming a Supply Chain Analyst

There are various benefits to becoming a supply chain analyst. Still, with such help and a tremendous career, one must consider the disadvantages. Below are some advantages and disadvantages.

Advantages of becoming a Supply Chain Analyst

  • Career development
  • Competitive wage
  • Desired positions
  • Daily interesting tasks
  • International travel
  • Opportunities for internships
  • Industry expansion

Disadvantages of becoming a Supply Chain Analyst

  • Ineffective Implementation
  • Various regulations
  • Language and communication barriers
  • Supply chain planning is more challenging
  • financial disadvantages

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How to Become a Supply Chain Analyst FAQs

What knowledge should a supply chain analyst have?

  • Essential Skills for a Supply Chain Analyst
  • knowledge of quantitative analysis
  • Talents in interpersonal communication.
  • Ability to think critically.
  • The capacity for organization.

What exactly is a supply chain Analyst?

An analyst is responsible for the organization's ability to deliver goods and services to its consumers, which is predicted and improved, and analysis of data and techniques.

What is a supply chain analyst's expected career path?

Before moving up to senior positions, an analyst might, for instance, engage in demand planning, production, and inventory responsibilities. You will advance to senior analyst, supply chain manager, and perhaps even supply chain leadership positions as you gain knowledge and prove your worth to the company.

Are supply chain analysts challenging?

Yes, working as a supply chain analyst may be challenging. Suppose a person needs to be more careful about managing their job obligations. In that case, this position comes with a lot of responsibility and areas of oversight that can make it challenging to keep track of all the moving components.

Do supply chain analysts go on vacation?

Many prospective supply chain management specialists would rather stay put than travel frequently, which is also conceivable in logistics, which has widespread appeal over many locations while having a few hotspots.

What is an analyst certified in the supply chain?

Participants in the CSCA (Certified Supply Chain Analyst Designation) receive a basic introduction to the entire supply chain. The supply chain management fundamentals will be covered, including strategy, design, compliance, implementation, and operations.

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