Manufacturing and Production Careers | Supply Chain Sourcing Analyst

Supply Chain Sourcing Analyst

Career Area: Business Management and Operations

Occupation Group: Logistics and Supply Chain Analysts/Specialists

Salary

Percentile wages tell how much a certain percentage of an overall population in a geographic area or within a given industry or field makes. The percentile wage estimate is the value of a wage below which a certain percent of workers fall.

An example would be the 25th percentile, 25 percent of workers employed in that occupation earn less and 75 percent earn more than the estimated wage value. At the 75th percentile, 75 percent of workers employed in that occupation earn less and 25 percent earn more than the estimated wage value.

A typical Supply Chain Sourcing Analyst earns the following wages (national and state):

State

The average salary in North Carolina for those pursuing this career is $84,407

*The salaries depicted here are representative of the range of salaries posted in job listings over the past year. Living wage in North Carolina is $30,000.

National

The average salary in the United States for those pursuing this career is $68,933

*The salaries depicted here are representative of the range of salaries posted in job listings over the past year. Living wage in North Carolina is $30,000.

What Does a Professional in this Career Do?

Provides analytical support to procurement by analyzing material, labor costs, and rates applied in a company's supply chain. Uses statistical models to predict procurement needs and identify areas for improvement.

Employment Trends

The job demand and job growth statistics shown here were derived from job posts over the past year. Expected job growth projections are extrapolated from year-over-year job post listing history.

Job demand and job growth is expected at the following rates:

LocationGrowth
North Carolina1+9.5%
Nationwide18+6.9%

Skills

A professional in this position typically utilizes the following skills in the course of everyday work in this exciting and challenging field:

Baseline Skills

The following are baseline skills every Supply Chain Sourcing Analyst is expected to have in order to experience success in this field:

  • Microsoft Excel: Microsoft Excel is a spreadsheet developed by Microsoft for Windows, macOS, Android and iOS. It features calculation, graphing tools, pivot tables, and a macro programming language called Visual Basic for Applications.
  • Teamwork / Collaboration: Experience working in collaborative efforts with a team to achieve a common goal or to complete a task in the most effective and efficient way.
  • Communication Skills: The ability to convey information to another effectively and efficiently.
  • Research: Experience performing creative and systematic work to understand a product, market, or customer, either before building a new solution, or to troubleshoot an existing issue
  • Microsoft Office: Microsoft Office is an office suite of applications, servers, and services developed by Microsoft.

Specialized Skills

These skills are specific to working in this career:

  • Supply Chain Knowledge: A supply chain is a system of organizations, people, activities, information, and resources involved in moving a product or service from supplier to customer.
  • Logistics: Logistics is generally the detailed organization and implementation of a complex operation.
  • Procurement: Procurement is the process of finding, agreeing terms and acquiring goods, services or works from an external source, often via a tendering or competitive bidding process.
  • Supply Chain Management: In commerce, supply chain management (SCM), the management of the flow of goods and services, involves the movement and storage of raw materials, of work-in-process inventory, and of finished goods from point of origin to point of consumption.
  • Supply Chain Sourcing: Working experience of Supply Chain Sourcing. Strategic sourcing is an approach to supply chain management that formalizes the way information is gathered and used so that an organization can leverage its consolidated purchasing power to find the best possible values in the marketplace.

Distinguishing Skills

Any Supply Chain Sourcing Analyst that possesses the following skills will stand out against the competition:

  • Material Requirement Planning (MRP): Material requirements planning (MRP) is a production planning, scheduling, and inventory control system used to manage manufacturing processes.
  • Global Sourcing: Global sourcing is the practice of sourcing from the global market for goods and services across geopolitical boundaries.
  • Market Dynamics: Market dynamics are pricing signals that are created as a result of changing supply and demand levels in a given market.
  • Freight Payment: Freight payment is a collection of processes that can be thought of in general terms as an accounts payable service for transportation invoices.
  • Demand Planning: Demand planningis a multi-step operational supply chain management (SCM) process used to create reliable forecasts. Effective demand planning can guide users to improve the accuracy of revenue forecasts, align inventory levels with peaks and troughs in demand, and enhance profitability for a given channel or product.

Salary Boosting Skills

A professional who wishes to excel in this career path may consider developing the following highly valued skills:

  • Global Sourcing Management: Global sourcing is the practice of sourcing from the global market for goods and services across geopolitical boundaries.
  • Global Sourcing: Global sourcing is the practice of sourcing from the global market for goods and services across geopolitical boundaries.
  • Supplier Identification: Supplier identification and qualification are the first two steps in the supplier management process within procurement.
  • Market Dynamics: Market dynamics are pricing signals that are created as a result of changing supply and demand levels in a given market.
  • Material Requirement Planning (MRP): Material requirements planning (MRP) is a production planning, scheduling, and inventory control system used to manage manufacturing processes.

Experience

This position typically requires the following level of experience. The numbers presented in the pie charts below were derived from actual job posts over the past year. Not all job postings list experience requirements.

Experience Required%
0 to 2 years20%
3 to 5 years80%
6 to 8 years0%

Many of the programs offered through NC State are designed for working professionals who need additional credentials to enhance existing work experience.

Students who do not have the expected level of experience may wish to look into internship and employment opportunities.

Common Job Titles

It is possible to find work in this field in positions commonly listed as the following job titles:

  • Logistics Sourcing Analyst
  • Supply Chain Sourcing Analyst
  • Supply Chain Analyst - Otc Sourcing
  • Senior Sourcing Analyst, Supply Chain
  • Supply Chain Analyst Sourcing And Fleet

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