Streamlining inventories is extremely important if you want a company to function correctly. And to ensure that this is done seamlessly, the services of a supply chain analyst are acquired.
Supply chain analysts use analytic and quantitative methods to understand, predict, and enhance supply chain processes. They are responsible for assembling data, analyzing performances, identifying issues, and developing recommendations to support planning and operations.
Typically, supply chain analysts help companies expand their relationships with suppliers and carriers. This is another reason for them to be good-natured and easy to get along with.
Job Requirements (Education and Skills)
To work as a supply chain analyst, you need to possess strong analytic skills and be familiar with logistics and production planning activities.
Additionally, you will need a broad range of computer skills, be self-directed, and have the ability to communicate findings and facilitate change.
As far as educational requirements are concerned, one has to possess a degree in economics or business with a major in supply chain management.
Since supply chain analysts work with many people within an organization, it is important for them to possess good people skills and the ability to handle conflict as soon as it arises.
Related: Supply Chain Analyst Resume
Supply Chain Analyst Job Duties for Resume
• Use analytics and mathematical models to perform supply chain analysis.
• Determine ways of improving supply chain processes by making good use of results obtained from the analysis.
• Provide recommendations for improvements to existing and planned processes.
• Analyze logistics data by using methodologies such as data mining and data modeling.
• Prepare and admit reports on logistics performance measures and maintain databases of logistics information.
• Conduct data retrieval and transformation duties and handle statistical graphics and robust analysis.
• Assist in performing complex studies across various avenues such as order fulfillment, financial management, planning, and procurement.
• Conduct independent assessments of relative values and strengths and weaknesses of competing processes.
• Track metrics and interpret trends along with identifying leading indicators and reporting results across various processes.
• Design, develop and implement econometrics and mathematical methods to analyze management problems of significant natures.
• Define and deliver metrics that enable efficient sourcing and supplier performance management.
• Develop and improve upon existing data capabilities and analytics and propose correlating solutions.
• Establish new trunk stock levels and provide recommendations for adjustments to field inventory levels.