What Is A Supply Chain Analyst? Check Out Some Fascinating Aspects Of Being One

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supply chain analyst salary

There are a lot of people nowadays who are looking for a job that’s rewarding as well as exciting. Well, you can definitely try becoming a supply chain analyst. As per the sources, the supply chain analyst salary is rewarding and the work is quite exciting too. It’s a very vital position for any company that aims to develop operational excellence. In other words, a supply chain analyst will develop proper logistical processes.

Not only will they analyze but also supervise the execution of the supply chain operations in their company. Therefore, the duties of this job require you to gather and analyze data related to productivity, cost, demand, and also transportation.

So, as a supply chain analyst, you need to plan, implement the supply chain projects, and also collab with relevant IT professionals to develop proper systems. In addition to that, you also need to keep a record of all the operations of the supply chain and provide inputs regarding the improvement of the supply chain of the company.

Therefore, we can see that this job is quite a demanding one and one that comes with lots of responsibility. An average supply chain analyst salary is around 67k USD per annum in the US. This just speaks of the amount of work and dedication one needs to put into this sort of work.

So, if you want to know more about supply chain analysts, then you should go through this article. Here we will share everything there’s to know about being a supply chain analyst.

Overview On Supply Chain Analyst: What Do They Do?

So, before we talk about supply chain analyst salary, we should know what they do in the first place. As per the sources, there are a lot of people who are looking for a job as a supply chain analyst. Needless to say, the job comes with a lot of responsibility. For instance, you need to analyze the supply chain of a company and provide necessary reports.

Now, there are certain skills that one needs to acquire to become a supply chain analyst. If you go through the resumes, then you can narrow down the most common skills required for this position.

So, a little research shows us that people need to acquire skills such as service skills, observational, organizational, problem-solving skills, and more. So, once you have mastered those skills, you can apply for this job with ease, as the supply chain analyst salary is quite rewarding.

How To Become A Supply Chain Analyst?

If you are someone who wants to become a supply chain analyst, then there are a few things that you need to ensure. First of all, it’s great to have a bachelor’s degree in supply chain management or any relevant field at the very least. Moreover, you should also possess knowledge of the entire chain management system.

In addition, one should also know the essential tools like MS Office, ERP Systems, and other databases. Of course, there are some soft skills that you need to acquire too, and we have already discussed them earlier. In addition to those, there are other skills, like business ethics, communication, accounting skills, etc, that are important. As per the sources, a supply chain analyst salary is around 67k a year, on average.

Statistics show that around 72 percent of people in this job have a bachelor’s degree. In terms of higher education, around 15 percent of them have a master’s degree. Even though there are the majority of analysts with a college-level degree, it’s possible to be one even with a high school degree or GED.

Like always, it’s essential to choose the right major. As we said earlier, it’s always best to have a bachelor’s degree in supply chain management. It will provide you with extra bonus in terms of job experience. In fact, if you have experience in other jobs, then it will surely help you in this as well.

Supply Chain Analyst Salary

Now, let’s talk about Supply chain analyst salary. So, it’s true that a supply chain analyst makes a lot of money on a yearly basis. For instance, if we do some research, then on average, an employee earns about 67k USD per annum, which is around 32 dollars per hour.

The top 10 percent of supply chain analysts earn around 90k USD per annum. On the other hand, the bottom 10 percent earn 50k per year. Overall, it’s a lucrative job with lots of scope for growth. You will have a lot of ways to grow in this field and acquire experience as well.

Conclusion

Being a supply chain analyst is not that difficult if you know exactly what you are doing. Having the right qualification does help as well. Now that you know about supply chain analyst salary, you can pretty much assume the amount of responsibility this job has.

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