Supply Chain Analyst Career

Retail and manufacturing organizations depend on many factors to turn a profit: seasoned executives, sufficient funding, and a clear vision, to name a few. But they also rely on dedicated analysts to keep their supply chain operations running smoothly. A supply chain involves all stages of a product’s life, from its conception to its eventual sale to consumers. Supply chain analysts play a vital role in optimizing the processes involved in the chain and improving its overall efficiency.

While not all supply chain analysts work in the same industry or work environment, they usually seek the same goal: to ensure the best results for the products in the chain.

A supply chain analyst’s day-to-day tasks typically include the following:

• Collecting and analyzing supply chain data. This is the primary means by which analysts identify trends and areas for improvement.
• Developing and implementing process improvements and cost-saving strategies. A steady-moving, financially efficient supply chain benefits both businesses and consumers.
• Monitoring and forecasting inventory levels and demand patterns. Analysts use prior data to determine how much inventory is needed and what consumer demand might look like.
• Collaborating with other departments. In addition to communicating with other internal teams, supply chain analysts keep in touch with suppliers and distributors.
• Preparing and presenting supply chain performance reports and dashboards. These reports keep company leadership informed of supply chain operations.
• Evaluating supplier performance. Often, analysts use supplier relationship management software to track this performance.
• Supporting procurement and logistics activities as needed. Supply chain analysts help ensure that enough raw materials are sourced and procured in the beginning of the supply chain.