Last updated on March 28th, 2024 at 07:44 am

The Role of a Supply Chain Analyst in the Logistics and Supply Chain Department

The business industry is growing every day and consequently, it is opening several job opportunities. If you are aiming to enter this industry and you have great critical thinking skills along with a strong knowledge of communication, then you can develop yourself to become a supply chain analyst. 

As a supply chain analyst, you use your critical thinking for the growth of your company. For this role you need to have a very intricate idea of the industry that you are associated with and also you have to actively use your problem-solving skills very often.

To become an expert all you need to do is to have the right course from the right place. Imarticus is all set with its Professional Certification in Logistics and Supply Chain Management Course where you can get the right guidance to make a career in supply chain management.

What is a Supply chain analyst?

A supply chain is an essential part of a business that maintains the relationship between the company, supplier, and customer. The main responsibility of a supply chain analyst is to improve customer services by looking after the company's supply chain and designing it efficiently under the company budget.

Mainly larger companies hire for this role as their supply chains need regular monitoring and maintenance. This role has a high demand in the manufacturing, retail, e-commerce, government, and food industries. 

If you are opting for this role, you are supposed to look after the logistics system of the company along with the order placement, transportation, and delivery process. In case of any problem in any of these sections, you have to deliver a quick solution without making the company face extra costs.

In simpler language, a supply chain analyst ensures that the company meets the customer demands in no time, without paying extra. So, your responsibilities also include the task of maintaining the supply chain of the company smoothly under a stipulated budget. 

Role of a Supply chain analyst

Supply chain analysts have several responsibilities to perform for their company such as,

• Designing materials to manage and gather data on the company supply chain.
• Determining how to manage to ship more cost-effectively.
• Maintain a good relationship with the vendors. 
• Analyzing the supply chain to detect malfunctions before they cost any harm to the company.
• Increase the revenue by cutting extra costs and negotiating the best deals with the partner companies.
• Have better communication with the supply chain management team.
• Work closely with procurement, logistics, IT, and other departments to discover concerns and give solutions for that to make the delivery process smoother.
• Ensuring that corporate policies and procedures are being followed.

The responsibilities may vary according to the needs of the company but these are the most common expectations that the employer may have from the person they are appointing for this role.

Skills required

The skills that may give you better opportunities in the field are, 

• Knowledge of mathematics, analytical skills, and logical reasoning.
• A distinct understanding of all the processes included in a supply chain system and maintaining the data on relevant programs like Microsoft Excel.
• Strong communication skills to negotiate with the vendors and other parties involved in the process. 
• Foresee problems and suggest required solutions before it gets harmful to the company.
• The ability to search for the best vendors suitable for various projects. 

Conclusion

The supply chain industry has spanned the industries like automobile, retail, consultancy, e-commerce, customer packaged goods, and so on. It has a higher demand for supply chain analysts, but to make a career in supply chain management it is important to have a relevant degree and skills which you can acquire through the Imarticus logistics and supply chain management course. The top faculty and industry-relevant curriculum will help you achieve the skills and knowledge you need.