- Career Planning
Supply Chain Analyst Spotlight
Supply Chain Analysts know all about supply and demand. Whether they need to solve a quality issue, material shortage or transportation delays their job is all about making sure production schedules stay on schedule.
What a typical day looks like:
Supply Chain Analysts live in a world of paper, numbers and terms. They craft requests for proposals (RFPs) that ensure suppliers are quoting the right jobs for the right amount. And once contracts are awarded, they make sure contractors are meeting expectations.
To prepare those RFPs, Supply Chain Analysts research market trends and industry benchmarks throughout their industry and region. They analyze not only the pricing structure, but also factors like local suppliers, environmentally responsible practices and their competitors’ processes. For example, if a company has a policy to source local or First Nations suppliers in keeping with their Corporate Social Responsibility strategy, then a Supply Chain Analyst will work closely with key internal and external stakeholder groups to ensure the company upholds those policies.
All that work means a lot of sitting in front of a computer or in meetings. Working in a corporate office environment with a standard 40-hour work week, Supply Chain Analysts are employed by manufacturers and oil and gas companies.
The kinds of problems Supply Chain Analysts solve at work:
As smooth as they can make the flow of materials appear, there are plenty of things a Supply Chain Analyst can’t control, like material shortages. That’s when their ability to manage relationships comes into play, working with specialists in areas like mud, drilling completions, transportation to analyze spending history, current spending and market trends.
Skills used most on the job:
Communication, research, problem-solving and analysis combine to make the perfect Supply Chain Analyst. They also need to have strong facilitation and presentation skills to communicate with key stakeholders, cross-functional teams and management.
Supply Chain Analysts play a key role in making sure that all the supplies, equipment and contractors are arriving at a work site when needed. The schedule of any job site depends on this role to make sure that everyone else can do their job.
- Career Planning