Supply Chain Analyst
What is a supply chain analyst?
A supply chain analyst is someone who analyzes and optimizes the processes involved in the production, distribution, and delivery of goods or services.
What does a supply chain analyst do?
Usually, a supply chain analyst does the following:
- Analyzes data to identify opportunities for improving efficiency and reducing costs in the supply chain
- Collaborates with different teams, such as procurement, logistics, and operations, to gather data and implement improvements
- Develops models and tools to forecast demand, manage inventory, and track shipments
- Assesses risks and develops contingency plans to ensure smooth operation of the supply chain
What does the day-to-day life of a supply chain analyst look like?
A supply chain analyst typically works between 9 am and 5 pm, Monday to Friday. However, occasional overtime may be required to meet project deadlines or address urgent issues in the supply chain.
On a regular day, a supply chain analyst might:
- Analyze data using specialized software and tools to identify trends and patterns
- Attend meetings with various stakeholders to discuss supply chain performance and improvement opportunities
- Create reports and presentations to communicate findings and recommendations to management
- Collaborate with cross-functional teams to implement process improvements and monitor their effectiveness
Where does a supply chain analyst work?
Supply chain analysts can work in various industries, including manufacturing, retail, healthcare, and logistics. They may be employed by large companies that manage their supply chains in-house or consulting firms that provide supply chain analysis services to different clients. Some supply chain analysts also work for government agencies or non-profit organizations. The location of work depends on the employer or client's location, but major cities like London, Manchester, and Birmingham tend to have more job opportunities.
What tools/software/hardware does a supply chain analyst use?
A supply chain analyst uses a variety of tools and software, including:
- Excel and other spreadsheet software: for data analysis, modeling, and creating reports
- Supply chain management (SCM) software: for tracking inventory, managing orders, and optimizing logistics
- Data visualization tools: such as Tableau or Power BI, to present complex data in a more understandable way
- Statistical analysis software: like R or Python, to conduct advanced data analysis and forecasting
What do I need to become a supply chain analyst?
To become a supply chain analyst, there are a few possible paths you can take, including:
- Bachelor's degree: Many employers prefer candidates with a degree related to supply chain management, logistics, operations research, or a related field.
- Professional certifications: Obtaining certifications such as Certified Supply Chain Professional (CSCP) or Certified in Production and Inventory Management (CPIM) can enhance your credentials and knowledge in the field.
- Experience and skills: Gaining practical experience through internships, part-time jobs, or volunteering can be valuable. Developing analytical, problem-solving, and communication skills will also be beneficial.
What career paths are available?
There are several career paths available to you as a supply chain analyst, including:
- Senior Supply Chain Analyst: With experience, you can take on more complex projects, lead teams, and have a broader scope of responsibilities.
- Supply Chain Manager: As you progress, you can move into a managerial role, overseeing the entire supply chain operation of a company or a specific department.
- Operations Manager: Your supply chain expertise can also lead you to broader operations management roles, where you oversee multiple functions within a company.
To start on these paths, gaining experience, expanding your knowledge, and continually developing your skills are essential.
What jobs are similar to a supply chain analyst?
- Logistics Analyst: Focuses on optimizing transportation, warehousing, and distribution processes.
- Operations Research Analyst: Applies analytical and mathematical methods to solve complex problems in various industries.
- Data Analyst: Analyzes large datasets to identify trends, patterns, and insights for businesses.
- Business Analyst: Works closely with stakeholders to identify business needs and improve processes.
- Procurement Analyst: Analyzes spend data and manages the procurement process to optimize purchasing decisions.
What made you want to become a supply chain analyst?
How did you get your first supply chain analyst job?
What was the one thing that surprised you the most about being a supply chain analyst?
Are you a supply chain analyst? We want you to share your experiences with those looking to start or change their careers to supply chain analysis. If you're interested, contact us at mail@calumchilds.com.