What is a Supply Chain Analyst?
A supply chain analyst works to improve the efficiency and effectiveness of a company’s supply chain. They collect and analyze data to find ways to reduce costs, increase speed, and ensure quality.
They coordinate with various stakeholders in the supply chain, such as suppliers, manufacturers, distributors, and retailers, to deliver goods on time and within budget. They also oversee inventory management, shipment tracking, and logistics operations. They aim to create a smooth supply chain meeting business objectives and customer expectations.
A supply chain analyst may work on specific projects, such as launching a new product in a new market or finding new suppliers or routes. They use tools like SAP, Excel, SQL, and others to collect and analyze data and generate reports.
A successful supply chain analyst will have the following perks:
- Career growth and advancement potential.
- Work with a wide range of industries and business models around the world.
- Opportunity to work with innovative technology and software tools.
- Better salary and other perks.
How does a Supply Chain Analyst work?
As a supply chain analyst, you are responsible for ensuring global uninterrupted delivery of goods. You face various challenges, such as unexpected disruptions, complex trade regulations, and geopolitical issues, that require you to use your creativity and problem-solving skills.
You also have the opportunity to learn and grow in different domains, such as logistics, inventory management, data analytics, and forecasting. Moreover, you work with diverse teams and stakeholders from different departments and countries, enhancing your communication skills and building strong relationships.
Being a supply chain analyst is a dynamic and collaborative career that demands adaptability and innovation.
What are the career opportunities for supply chain analysts?
As we discussed in the above paragraphs, a supply chain analyst works and how they help industries run the business smoothly and efficiently. In this section, we will look at the career opportunities and the average salary associated with the roles.
But before that, let’s understand what you need to become a certified supply chain analyst. To earn the badge of a supply chain analyst, the minimum qualification for a supply chain analyst is a bachelor’s degree in supply chain management, such as business analytics or logistics.
The candidate also needs to have work experience in improving supply chain processes and knowledge of supply chain management tools such as MS Office, ERP systems, and relational databases.
However, here are the job roles you can work as:
- Supply Chain Lead (Average Salary: $101,348)
- Purchasing Agent (Average Salary: $51,950)
- Planner/Buyer (Average Salary: $54,261)
- Supply Chain Analyst (Average Salary: $67,450)
- Senior Supply Chain Analyst (Average Salary: $89,789)
What are the roles and responsibilities of a Supply Chain Analyst?
A Supply Chain Analyst plays a crucial role in managing the supply chain operations of an organization. Their responsibilities include aligning processes, identifying areas for improvement, and initiating procedures to ensure smooth supply delivery.
They monitor inventory levels and market trends to meet customer demand and ensure the business meets those needs. Additionally, they evaluate the entire supply cycle, from planning to final distribution, looking for ways to reduce complexity and costs without sacrificing service quality.
Their expertise is essential in minimizing complexities and achieving cost reduction while maintaining the quality of services.
Other than that, here are some technical responsibilities a Supply Chain Analyst performs in their career:
- Use SQL queries to extract, analyze, and report trends and inventory needs.
- Raise capital, set up a PMO office & lead a cross-functional team to deliver a document management technology solution.
- Revamp inventory management and replenishment methodology until ERP integration and policy implementation.
- Reduce overtime and material costs by restructuring workloads, inventory levels, and MRP principles.
- Train staff on PeopleSoft for a successful go-live.
- Validate BOM entry and routing in BPCS and monitor product development and supply chain until first complete delivery.
- Prepare a complete BOM package, including core documents, technical, cost, quality, logistics, and requirements.
- Conduct SCM PMRs at the vendor site covering delivery schedule, quality, and BHTI forecast changes.
- Create a supply chain SharePoint page to improve department efficiency and information access.
- Support PeopleSoft project implementation activities.
- Manage/Maintain SCM technologies and item master data (MDM) standardization/governance.
- Investigate the manufacturing of new medical products for the FDA to regulate the environment.
- Restructure the database by revising and rewriting existing SQL queries and scripts to improve data operation efficiency.
- Reconcile inventory levels in enterprise ERP system and collaborate with multiple departments to ensure accountability.
- Work with business consultants to develop visual management tools and KPIs that increase process efficiency.
What skills are required to become a certified Supply Chain Analyst?
Here are the skills you can build to become a certified Supply Chain Analyst:
Supply Chain: Quantify cost savings for semiconductor companies by integrating and automating the supply chain with internet-based tools.
Logistics: Analyze all returns scenarios, including logistics, inventory points, quality investigation reports, end-user communication, and accounting credit memos.
Customer Service: Conduct sensitivity analysis of fuel price, warehouse size, production capacity, and customer service level to obtain robust solutions.
Power Bi: Create vendor scorecards and dashboards using Microsoft Power BI to improve prompt deliveries.
Continuous Improvement: Organize supply chain efforts to improve inventory management and order-to-delivery processes and reduce supply chain waste.
Chain Management: Support external and internal Sarbanes-Oxley audits, and organize IT-related activities for Supply Chain Management.
Best Supply Chain Analyst certifications you should consider earning
Certified Associate in Project Management (CAPM)
The Certified Associate in Project Management (CAPM) certification is a globally recognized credential demonstrating your knowledge and project management skills. It is designed for individuals who want to start or advance their careers in project management or enhance their credibility and effectiveness as project team members.
The CAPM certification is based on the Project Management Body of Knowledge (PMBOK) Guide, the standard for best practices for project management. To earn the CAPM certification, you must meet the eligibility requirements, pass the CAPM exam, and adhere to the PMI Code of Ethics and Professional Conduct.
Certified Business Analysis Professional (CBAP)
The Certified Business Analysis Professional (CBAP) is a well-known certification that recognizes the skills and experience of business analysts. The CBAP certification validates that a business analyst has at least five years of practical experience in business analysis, and has demonstrated proficiency in the six knowledge areas and 30 underlying competencies of the BABOK Guide, the comprehensive guide to business analysis.
Certified Supply Chain Professional (CSCP)
The Certified Supply Chain Professional (CSCP) certification is a globally recognized credential that validates the skills and knowledge of supply chain professionals. The CSCP certification covers the entire spectrum of supply chain management, from planning and sourcing to manufacturing and delivery.
By earning the CSCP certification, you demonstrate your ability to manage complex supply chain challenges, optimize operations, and increase customer satisfaction. The CSCP certification also gives you a competitive edge in the job market and enhances your career prospects.
Six Sigma Yellow Belt
Six Sigma Yellow Belt certification demonstrates the basic knowledge and skills of the Six Sigma methodology. It is designed for individuals involved in process improvement projects as team members or leaders.
A Six Sigma Yellow Belt can apply the tools and techniques of Six Sigma to identify and eliminate defects, reduce variation, and improve customer satisfaction. To obtain the Six Sigma Yellow Belt certification, you must pass an exam that covers the fundamentals of Six Sigma, such as the DMAIC (Define, Measure, Analyze, Improve, Control) framework, the seven quality tools, and the voice of the customer.
Six Sigma Green Belt
A professional with Six Sigma Green Belt certification can participate in small-scale Six Sigma projects that are less demanding. They work under the guidance of a Six Sigma Black Belt leader who oversees the improvement projects and tackles more challenging ones.
The certified Six Sigma Green Belt professional deeply understands how to solve problems effectively using the DMAIC (define, measure, analyze, improve, and control) model. The council does not require any prerequisites or project completion for this certification.
Incident Safety Officer - Fire Suppression Certification (ISO)
The Incident Safety Officer - Fire Suppression Certification (ISO) is a professional credential that validates the knowledge and skills of fire service personnel who perform the safety officer role in emergency incidents.
The ISO certification is based on the NFPA 1521 standard and covers risk management, incident action plan, personnel accountability, safety briefing, hazard identification, and accident investigation. The Fire Department Safety Officers Association (FDSOA) administers the ISO certification. It requires candidates to meet the eligibility criteria, pass a written exam, and submit an application with supporting documentation.
Project Management Professional (PMP)
The Project Management Professional (PMP) certification is a globally-recognized credential that validates the knowledge and skills of project managers. The PMP certification demonstrates that the holder has the knowledge, experience, and ability to lead and direct complex projects across various domains and industries.
The PMP certification also enhances the credibility and marketability of project managers, as it indicates their commitment to excellence and continuous improvement.
The final thought
Certifications are undoubtedly important for any career or field, as they can help you learn new skills and demonstrate your expertise in an industry. Whether a beginner or an experienced IT professional, earning a supply chain certification can benefit you in many ways.
When it comes to supply chain certification, it can show your knowledge and abilities in managing the flow of goods, services, and information from suppliers to customers.
So, on this note, if you want to earn a supply chain analyst certification, you can choose any of the certifications mentioned above. To learn more about the supply chain analyst certification exam, click the chat button below, and one o our guides will contact you.