Contact Us
×

Tag: become a supply chain analyst

Top 10 Skills Needed To Become A Supply Chain Analyst

Posted on by Imarticus Learning
Reading Time: 3 minutes

Management may make data-driven decisions at the strategic and operational levels with the use of supply chain analytics. The role of supply chain analyst is to keep tabs on how the chain operates and performs, recognise current trends and hazards, and attempt to come up with practical solutions to reduce losses and improve the process. Individuals can aim for a high supply chain analyst salary as it is one of the most in-demand profiles nowadays. To understand how to become a supply chain analyst, one should improve their skill set and pick up the necessary knowledge and experience. 

The creation and execution of supply chain operation plans and activities are part of what does a supply chain analyst do. To achieve the business goals, he will be involved in the creation and implementation of supply chains, including demand planning and inventory management.

What Does a Supply Chain Analyst Do – Skills & Competencies

1) Skills in Data Analysis –

This is an essential ability because the main role of supply chain analyst is to analyse data, maximise supply chain efficiency and keep costs low using enterprise resource planning (ERP) tools like SAP or Salesforce to manage all the data and process it in a way that is beneficial to the business.

2) Mathematical Competence –

Supply chain analysts need to be solid mathematicians to precisely calculate costs and savings data costs and savings data. This will help in creating and carrying out logistical plans, adapting to unforeseen problems, and finding ways that help reduce costs and increase efficiency. To gain knowledge on how to become a supply chain analyst, one needs to have a solid understanding of statistics and quantitative methods in order to analyse huge data sets and provide analytical support for projects.

3) Interpersonal Competence –

The supply chain experts collaborate with various other parties. As a result, interpersonal abilities like empathy and active listening help them form strong bonds. 

4) Skills in Communication –

Strong written and spoken communication abilities make it easier to share thoughts and conclusions with the internal team and stakeholders. This will enable one to work well with multicultural teams and coworkers, including clients and suppliers.

5) Organising Techniques –

For supply chain analysts to do their jobs efficiently and to manage their workload and the speed of many projects, they must have great organisational abilities. To manage several concurrent tasks and keep data across various tools and platforms, this skill is an absolute requirement. 

6) Teamwork Techniques –

The role of supply chain analyst necessitates collaboration with several teams. Thus, they must be able to perform well under pressure. In addition to this, time management is also required to keep up with the fast-paced world with clashing deadlines and priorities.

7) Understanding Market Dynamics and Economics –

Rapid transformations in customer and consumer buying behaviour are having an impact on numerous businesses. Many markets that were once only local or regional have expanded globally, and the supply chains that support them have done the same. One will need to concentrate on the future and, to some extent, foresee it as a supply chain leader. Only by having a solid grasp of the market dynamics affecting your sector and business can that be accomplished.

8) Learning to be flexible –

Your capacity to be flexible allows you to let other people participate in creative ideas. Because they know that they would accept their suggestions if it makes sense to do so, your adaptability will give those innovative thinkers the courage to share their ideas. One of the soft talents that is needed while determining how to become a supply chain analyst effectively is flexibility. This is not just because supply chain operations are evolving but also because things do not always go as planned — far from it, to be honest.

9) The Art of Negotiation –

In order to understand how to become a supply chain analyst, you’ll need to connect expertly and efficiently with people inside and outside of your company, in addition to your reports and coworkers. Supply chain analysts must frequently engage in negotiations. Even if you’re not doing so one-on-one, you’ll likely encounter situations where you’re a member of a group of individuals seeking to broker a deal or arrangement. Therefore, it is essential. 

10) Leadership Qualities –

Leadership qualities help professionals in managing operations and in directing teams toward the accomplishment of objectives. Leadership capabilities also help in allocating resources effectively in order to fulfil the mission and goals of their firm, and for making meaningful decisions, supply chain analysts must possess strong leadership qualities. 

Conclusion

The work of supply chain analysts is now simple yet complex, thanks to the availability of data-driven and technological solutions. The role of supply chain analyst involves possessing a variety of software abilities that may be used in their daily work to improve production and support the expansion of the business.

The SCM programme (Professional Certification in Supply Chain Management and Analytics) by Imarticus is an IIT Roorkee supply chain analyst course for someone who wants to continue this career path and earn an attractive supply chain analyst salary. This six-month programme offers live classes from qualified instructors and business professionals, as well as IIT Roorkee-recognised credentials and online supply chain management training. At the end of the training, it will provide certifications for supply chain professionals.

The significance of industry-recognised Certification in supply chain management

Posted on by Imarticus Learning
Reading Time: 3 minutes

Navigating the complex world of supply chain management with certified expertise

Supply Chain Management (SCM) is a coordinated process that involves the efficient planning and management of logistics. This process is essential for ensuring that goods move smoothly from the producer to the consumer.

In today’s rapidly evolving corporate world, there is increasing demand for professionals who are skilled at managing these vital networks. This is where certification in supply chain management can become an asset, potentially boosting your career prospects.

Opportunities and challenges of the growing SCM industry

In today’s global economy, effective SCM is central to an organisation’s success. Well-managed supply chains lead to lower costs, higher customer satisfaction, and enhanced competitive edge.

However, this dynamic field is not without its challenges. Professionals in this sector often face issues such as fluctuating demand, complexities in inventory management and the necessity to adapt swiftly to changing market conditions.

To succeed in this intricate and demanding environment, you need specific knowledge and skills that set you apart from others. Here, a certification in supply chain management can be your key.

It’s not just a certificate; it’s a reflection of your dedication, skills and commitment to overcoming the diverse challenges that the supply chain presents.

Certification in supply chain management provides validation of your expertise across various key areas. This includes procurement, logistics, operations and risk management. With this certification, you signal to employers that you have the skills they need, which can give you a significant advantage in the job market.

In this article, we delve into the significance of SCM in our current world. We will also outline how a certification in supply chain management is not just a credential but a powerful testament to your ability to navigate the complex world of supply chains, making you an invaluable asset to any organisation.

The impact of certification in supply chain management on career advancement

Skill set and knowledge

Earning a certification in supply chain management gives you a complete understanding of how the entire supply chain works. It teaches you how to look at data, manage stock levels and make plans to run operations more smoothly. It’s great for new graduates or seasoned professionals looking to advance. The courses cover everything from basic ideas to more advanced strategies.

Credibility and networking

Getting a certification in supply chain management lets you connect with top people in the field. It makes your professional profile stand out and helps you meet others in your industry, such as potential mentors and employers. Plus, it gives you access to supply chain events, workshops and online groups where you can keep learning and working with others.

Career advancement and growth

Earning a certification in supply chain management can be a game changer for your career. It helps you move up faster, from a beginner’s role to a top management position. Why? Employers prefer hiring people with this certification. They know you can jump in and quickly help the company with its supply chain work. This fast track could mean a quicker rise in your job and a shot at a higher paycheck. Moreover, research back this up: people with this certification usually earn more than those without it.

Technological advancements

The supply chain world keeps evolving, thanks to new technologies like artificial intelligence and blockchain. With a certification in supply chain management, you prove that you’re keeping up with all these fresh and exciting changes. This certification shows you know how to use the latest digital tools, making you super valuable to companies that want to stay ahead in the race. They’re always looking for ways to improve. With this certification, you’re showing them you can help.

Demand for skilled professionals

Certification in supply chain management is like adding a powerful tool to your skill set. It bridges the gap between textbook knowledge and hands-on work, making you ready for real-world challenges. This training sharpens your ability to spot and solve problems early, which is a skill employers value highly.

Sealing success with certification in supply chain management

If you’re eager to dive deep into SCM, it’s time to step up your game. This field has its own set of challenging problems. But with the right training, you can find effective solutions. The certification in supply chain management is more than a piece of paper – it’s your guide to solving real-world issues smoothly and smartly. Think of each solution you create and each lesson you learn as a step forward in your journey to becoming a supply chain expert.

The certification in supply chain management isn’t just about learning; it’s about thriving in the fast-paced world of supply chains. This programme is designed to empower you through hands-on training. Learn from industry experts, practice with engaging materials and leave the course ready to make a big, positive impact in your career. For more details on the course and its many benefits, check out Imaticus Learning.

Supply Chain Planning: What is it and How is it Used?

Posted on by Imarticus Learning
Reading Time: 3 minutes

In a world where global trade spins faster than our planet, there lies a pivotal axis ensuring every cog and wheel moves seamlessly—Supply Chain Planning (SCP). Just as a conductor leads an orchestra to ensure every instrument plays its part flawlessly, SCP harmonises the myriad elements within supply chain management.

But exactly what is supply chain planning, and what really goes on behind the curtains of this intricate dance? Let’s dive in.

Understanding Supply Chain Planning

At its essence, Supply Chain Planning is the strategic approach to optimise the production and distribution processes. It’s about determining what to produce, how much to produce, and where to store it to meet anticipated demand. By doing so, it reduces waste, minimises costs, and ensures timely deliveries.

Yet, SCP isn’t just about the here and now. It involves forecasting future demands, anticipating challenges, and devising strategies to navigate those challenges. In other words, it’s like playing chess, thinking several moves ahead.

Components of Supply Chain Planning

SCP isn’t a monolithic process. It’s an umbrella term covering several interrelated activities. Let us explore the key components to supply chain planning to unravel each.

  • Demand Planning: Estimating future customer demand using historical data, market trends, and predictive analytics.
  • Supply Planning: Deciding how to best meet that demand. This could involve ramping up production, sourcing more materials, or optimising inventory levels.
  • Production Scheduling: Detailing the manufacturing process, ensuring resources like manpower and machinery are effectively utilised.
  • Distribution Planning: Strategising the transportation of goods from manufacturing hubs to distribution centres, retailers, and finally, to customers.

The Digital Revolution in SCP

The world of Supply Chain Planning isn’t immune to the sweeping winds of digitisation. Advanced algorithms, AI-driven analytics, and real-time data feeds are transforming traditional SCP models. These tools provide unprecedented clarity, enabling businesses to make more accurate and agile decisions.

For those intrigued by this evolving realm, logistics management courses online can offer great assistance to strengthen an optimistic career. With courses like the Advanced Certification in Digital Supply Chain Management from IIT Guwahati, you can dive deep into the modern tools and techniques reshaping SCP.

Why Supply Chain Planning Matters

It’s tempting to think of SCP as a behind-the-scenes process significant only to businesses. However, its impacts are far-reaching:

  • Consumer Satisfaction: Efficient SCP ensures products are available when and where consumers want them.
  • Cost Efficiency: By optimising resources and minimising waste, SCP can lead to significant cost savings.
  • Sustainability: Effective planning reduces overproduction and waste, aligning businesses with eco-friendly practices.
  • Resilience: In a world where disruptions are inevitable, from geopolitical issues to natural disasters, robust SCP provides a roadmap to navigate these challenges.

Incorporating Flexibility: The Adaptive Side of SCP

In an ideal world, plans are made and executed to perfection. However, in the dynamic landscape of global trade, unforeseen changes are more of a rule than an exception. Modern Supply Chain Planning understands this. It’s no longer just about creating a robust plan but also about ensuring flexibility. This adaptive side of SCP allows businesses to quickly pivot in response to unexpected challenges, be it a sudden surge in demand, supply disruptions, or geopolitical shifts.

Integration with Other Business Domains

Supply Chain Planning doesn’t operate in isolation. It’s intertwined with other business domains like finance, marketing, and sales. For instance:

  • Finance: Budgetary constraints and forecasts can influence supply chain decisions. Investing in new machinery or opening a new distribution centre must align with the company’s financial health and goals.
  • Marketing: Promotional campaigns can lead to spikes in demand. SCP must be in sync with marketing to anticipate and cater to these changes.
  • Sales: Real-time sales data feeds into the demand planning aspect of SCP, ensuring accurate production schedules and inventory management.

By fostering a symbiotic relationship with these domains, SCP can truly optimise its strategies and drive holistic business growth.

The Human Element in SCP

While technology plays an ever-growing role in modern Supply Chain Planning, the human element remains irreplaceable. It’s people who provide insights that raw data might miss, cultivate relationships with suppliers and partners, and make judgment calls when unforeseen challenges arise. Training, continuous learning, and fostering a culture of collaboration are pivotal.

Investing in human capital – through mentoring, workshops, or specialised courses like those offered by esteemed institutions – ensures that the human side of SCP is as sharp and effective as its digital counterpart.

Wrapping Up: The Unsung Hero of Global Trade

Supply Chain Planning might not make headlines, but its influence is undeniable. From the smartphone in your pocket to the food on your table, SCP ensures goods move efficiently and sustainably across the globe.

So, the next time you marvel at the vast array of products available at the click of a button, spare a thought for the meticulous planning that made it possible.

How to Become a Supply Chain Analyst

Posted on by Imarticus Learning
Reading Time: 3 minutes

A supply chain analyst develops an efficient way to make a robust supply chain strategy with the help of data analytics. Also, he/she interprets and leverages data to enhance performance resulting in overall improvement. 

As daunting as the career might sound, becoming a supply chain analyst is relatively easy. With the correct supply chain analytics certification, one can bag job opportunities as an analyst in leading companies. However, prospective candidates must know and understand the skills required to become a supply chain analyst. 

In this article, let’s learn about the job roles of a supply chain analyst and the steps to become one. 

The job role of a supply chain analyst

Besides being a professional who ensures the company’s supplies meet the customer’s demand, a supply chain analyst plans production, manages inventory management, sources raw material, plans demand, designs supply chain network and plans distribution. The other duties include:

  • Collection and analysis: A supply chain analyst collects and analyses different supply chain data by implementing accurate supply chain methods.
  • Management and coordination: Supply chain analysts have to manage and coordinate vivid supply chain operations with the staff involved in the process.
  • Quality assurance and inventory analysis: A supply chain analyst oversees quality assurance and inventory analysis. By doing inventory analysis, they design robust reports to help the enterprise in prospects.
  • Supply chain hazard identification and analysis: A supply chain has many hazards. A supply chain analyst helps to identify issues and develops strategies to resolve them quickly and efficiently.
  • Training and conflict resolution: A supply chain analyst must possess leadership skills to train his/her staff and resolve any conflict arising amongst team members.
  • Business administration and effective communication: A supply chain analyst is responsible for business administration and must have communication skills to deal with the clientele and their team.
  • Business expansion and strategic initiatives: A supply chain analyst takes up strategic initiatives to expand the business horizon. They adopt many ways to make the business approachable, thus incurring more profit.
  • Collaboration and evaluation: A supply chain analyst has to collaborate with people from different departments – sales and operations, design, marketing, etc. An analyst must use customer trends and previous activities to understand product demand effectively. They even analyse and evaluate routes and collaborate with transport companies to deliver products on time and in order. 

Skills required to become a supply chain analyst 

global supply chain management and operations officers course

The job of a supply chain analyst not only entails research and analysis but also has traces of leadership and effective communication. 

Technical skills 

A supply chain analyst should be well-versed in data analysis, mathematics, SQL, Excel, Hadoop and statistics. They analyse large and multi-dimensional data sets by incorporating various mathematical equations. These calculations also play a crucial role in the cost and savings of raw materials. 

Interpersonal skills 

Supply chain analysts have to work with various stakeholders. Hence, this requires top-notch interpersonal skills. It helps build effective relationships amongst stakeholders and teams and share ideas in a hassle-free way.

Organisational and project management skills 

Strong organisational skills would help a supply chain analyst to achieve long-term goals in a short time. Possessing the above-mentioned skills would not only help them to polish their leadership skills but also help them manage workload efficiently and pace up different projects. 

How to become a supply chain analyst: Eligibility 

A supply chain analyst needs to have specific prerequisite skills and qualifications. A bachelor’s degree in logistics or supply chain management is required to be eligible for the job. Other eligibility criteria are:

  • Candidates must have internship experiences from companies with a working supply chain for at least two years. They should have an understanding of inventory management.
  • An ideal candidate should have impeccable analytical skills and in-depth knowledge of logical reasoning and mathematics. They should also possess adequate knowledge of data collection and analysis.
  • A candidate must have sound theoretical and practical knowledge of data analysis and inventory management tools. It would help them develop useful insights from the data and act accordingly. 

Conclusion 

A supply chain analyst acts as a strategist in an organisation. This makes them an important part of an organisation where they are responsible for logistics, marketing, product management, quality assurance and other important sectors. They also provide insights into newer technologies and these tools further make the business efficient. 

If you are looking for a good supply chain management course, then check out Imarticus Learning’s Executive Certificate Programme in Global Chief Supply Chain and Operations Officer offered in partnership with IIM Raipur. This IIM Raipur supply chain management course will embark you on a journey to a new era of supply chain analytics. This 150-hour interactive session is taught by the skilled IIM Raipur faculty. 

5 Most Important Questions To Ask When Becoming A Supply Chain Analyst

Posted on by Imarticus Learning
Reading Time: 3 minutes

5 Most Important Questions To Ask When Becoming A Supply Chain Analyst

With the use of supply chain analytics, management can make informed choices. A supply chain analyst monitors the chain’s performance, spots emerging patterns and dangers, and works to develop workable solutions to cut losses and enhance the process. Supply chain analysts are one of the professions that are in high demand right now. To become a supply chain analyst, one should develop their skill set, acquire the required information and accumulate experience to work as a supply chain analyst in this industry.

For this position, developing and carrying out plans and activities for the supply chain will be necessary. They will participate in developing and putting into action supply chains, including demand planning and inventory management, in meeting the company’s objectives. 

Some of the important duties of a supply chain analyst are: 

  • Gathering and studying data related to the supply chain.
  • Analysing the inventory, creating inventory reports and coming up with solutions to the problems.
  • Recognising and assessing risks and trends in the supply chain.
  • Ensuring adherence to company rules and regulations.
  • Collaborating with supply chain partners and assisting with the ongoing process and procedure improvements.

Important Questions to Ask When Becoming a Supply Chain Analyst

  • What has your experience been of using data to guide your decisions?

One can learn more about their knowledge of supply chain analysis and your decision-making process by asking themselves this question. Coming up with instances from your past experiences where you used data to examine a problem or opportunity, come up with ideal solutions, and then put those answers into practice effectively, will help you understand if you are fit to handle the data-driven part of the role.

  • How well-versed are you in the various branches of logistics?

The answer to this question will reveal how well you understand supply chain management and how it relates to logistics. To demonstrate your knowledge of several aspects of logistics, including transportation, warehousing and inventory management, you need to have prior expertise. 

  • Have you ever used supply chain management software?

One can gauge their level of software familiarity with supply chain management by asking themselves this question. If they have used this kind of software in the past, they know how it assisted them in fulfilling their job responsibilities. If one hasn’t used supply chain management software before one can outline their desire to learn more about it.

  • Are you aware of the most recent trends in supply chain management?

To keep ahead of the competition and implement creative solutions, many companies prefer to work with supply chain management teams, which consist of individuals that stay updated on technological advancements in the sector. Researching any new supply chain technology you’ve come across and applying it to work will benefit the business.

  • Which abilities are necessary for supply chain management success?

This question should be asked to determine whether the candidates’ skills match those needed for the supply chain management position. The two most important talents required for success in supply chain management are customer service and communication. They support you with supplier negotiations. Being polite and professional will enable you to effectively create lasting relationships with clients. 

Supply Chain Management Course

corporate leadership

Many of these management courses are now offered to persuade people to enrol in these certificate programmes, improve their skills and boost their earning potential so they may find work in this industry. One of the best supply chain management courses is offered by Imarticus. Their SCM (Professional Certification in Supply Chain Management and Analytics) programme is an IIT Roorkee supply chain management course that makes things a lot easier for those who desire to pursue this career route.

This six-month supply chain management course with analytics provides you with online supply chain management training, IIT Roorkee-recognised certificates along with alumni status and live classes from competent lecturers. One will receive credentials for supply chain experts after the training. They follow an advanced curriculum and give students practical experience working on real SCM projects.

Conclusion

In this data-driven scenario, instant solutions have made supply chain analysts’ jobs both straightforward and complex at the same time. They are now expected to have a wide range of software skills that they may apply to their daily tasks to increase productivity and aid in corporate growth. By taking advantage of a range of short programs or certification courses to acquire everything that is there, to know about supply chain management, one may now progress in their career. Choosing the best program that will improve their overall skill set is advantageous for those who wish to work in this profession.

Develop the skills to become a supply chain analyst

Posted on by Imarticus Learning
Reading Time: 2 minutes

Supply chain analysts are a key part of any business hoping to reach excellence in their operations. They develop efficient logistical methods by analyzing and supervising all the processes related to the supply chain management of a company.

Be it demand, cost, transportation, or even productivity, they have their thumbs into everything. This is why supply chain analysts are very high in demand. And, it needs specific requirements or eligibility to become supply chain analysts. In fact, if studies are to be believed the positions are only going to grow in numbers in the coming year. 

Considering this, it is the perfect time to do a course in supply chain management if you are looking for potential career scopes. There are lots of institutes in India that offer comprehensive courses in this domain. And, Imarticus Learnings has a cover-all, supply chain management course that will help you to learn all the desired skills you need to ace your career. You will also get excellent exposure which will put you in a league of your own.

Now, let us take a look at what this job entails and the skills that are required for a career as a supply chain analyst. 

Supply Chain Analyst: Job Description, Estimated Salary, and Prospects

The job market is supposed to grow about 5%, opening about 8,400 job opportunities across the United States. On a global scale, this number increases a lot more. As a starting salary, people can expect about $45,800. With years of experience, it can grow up to about $116,600 and the average annual salary stands at about $74,400.

As we stated before, this profile of supply chain analysts is high in demand and demanding as well. There are lots of things you need to do to fit into the job description. However, there are three major things that you need to be able to do. And, these are as follows:

 

  • Data analysis: Your job is to look for where the inefficiencies in the chain system lie and address them proficiently. The underperforming areas can be anything including productivity issues, changes in demands, delivery issues, weather problems, and so on. You need to be capable enough to find quick solutions for these problems. A lot of experts use professional tools like relational database management systems to analyze data in a faster and smoother way.

 

 

  • Improvement suggestions: This is one of the most important aspects of the job. After recognizing and addressing the concerns, you also need to put in suggestions that will help improve the plans and the system as a whole. During monthly sales and operations meetings, you will need to offer suggestions to the executives for a smoother experience all around.

 

 

  • Collaborate with different units: You will need to interact with employees across different units to come up with a plan that works for everyone. Based on the plan, the interactions then pan out to the vendors and even customers to negotiate proper deals and address their concerns. 

 

Skills you Need to Ace

Here is a list of skills that enhances your eligibility to become a supply chain analyst. 

  • Mathematical analytics
  • Analyzing big data samples quickly
  • Inventory management
  • Making educated predictions and plans
  • IT skills
  • Interpersonal connection skills

This is a tremendous career option for people who are looking for stable careers. Check out Imarticus Learnings’  supply chain management course by IIT Roorkee to gear up for your career as a supply chain analyst.