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BUSINESS CAREER GUIDES

Supply Chain Analyst Career

OVERVIEW

What Is a Supply Chain Analyst?


 

Supply chain analysts focus on analyzing inventory data, identifying market trends, and providing key insights to improve supply chain operations. They keep an eye out for issues that could disrupt or stop the flow of the entire supply chain, from initial product sourcing and procurement to distribution and customer delivery. They also implement strategies to enhance supply chain efficiency.

RESPONSIBILITIES

Key Responsibilities of a Supply Chain Analyst

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.

Where Does a Supply Chain Analyst Work?

Most supply chain analysts work for manufacturing and production companies. Many others work for the federal government, retail and wholesale businesses, transportation and logistics firms, and consulting firms.

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.

EDUCATION & BEST DEGREES

How Do I Become a Supply Chain Analyst?

While the job of a supply chain analyst typically requires at least a bachelor’s degree, the further you take your education, the more opportunities you’ll have for higher-paying jobs. Consider the following steps:

Best Degrees for a Supply Chain Analyst

Supply Chain and Operations Management - B.S.

This online supply chain and operations management program will prepare...

This online supply chain and operations management program will prepare you for real-world experiences in business.

  • Time: 70% of graduates finish similar programs within 42 months.
  • Tuition: $3,575 per 6-month term.
  • Courses: 36 courses in this program.

Some careers and jobs this business degree will prepare you for:

  • Operations Manager
  • Facilities Manager
  • Industrial Production Manager
  • Distribution Manager
  • Buyer/Purchasing Agent
  • Project Management Specialist

With incredible growth opportunities in supply chain and operations management, this program helps prepare students to meet industry needs and become credentialed experts.

Business Management – B.S. Business Administration

Hone your business acumen and garner added respect:...

Hone your business acumen and garner added respect:

  • Time: 70% of graduates finish within 42 months.
  • Tuition: $3,755 per 6-month term.
  • Courses: 40 total courses in this program.

Sample careers and jobs this business degree will prepare you for:

  • Account executive
  • Business analyst
  • Program manager
  • Director or senior director
  • Vice president

This online degree program is an excellent choice for kick-starting your organizational management career.

How Much Does a Supply Chain Analyst Make?

$77,520

According to the U.S. Bureau of Labor Statistics (BLS), the average annual salary of supply chain analysts in May 2022 was $77,520. During that time, the lowest 10% of earners made less than $46,260 while the highest 10% earned more than $124,050.

What Is the Projected Job Growth?

18%

Supply chain analyst jobs are projected to grow by 18% from 2022 to 2032, according to BLS. Increasing focus on data-driven decision-making and supply chain efficiency will drive more demand for skilled supply chain analysts.

SKILLS

What Skills Does a Supply Chain Analyst Need?

This role requires a breadth of knowledge and skills related to supply chain management. You should acquire and cultivate the following:

  • Strong data analysis and problem-solving abilities.
  • Proficiency in data visualization and reporting tools.
  • Excellent communication and presentation skills.
  • Knowledge of supply chain management software tools.
  • Understanding of inventory management, demand planning, and risk mitigation principles.
  • Ability to work effectively in a team environment.

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No need to wait for spring or fall semester. It's back-to-school time at WGU year-round. Get started by talking to an Enrollment Counselor today, and you'll be on your way to realizing your dream of a bachelor's or master's degree—sooner than you might think!

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Interested in Becoming a Supply Chain Analyst?

Learn more about degree programs that can prepare you for this meaningful career.