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Analytics uses data and math to answer business questions, discover relationships, predict unknown

outcomes and automate decisions. This diverse field of Analytics is used to find meaningful patterns in
data and uncover new knowledge based on applied mathematics, statistics, predictive modeling and
machine learning techniques.

Analytics today is transforming industries and businesses, and logistics is no exception. The complex and
dynamic nature of this sector, as well as the intricate structure of the supply chain, make logistics a
perfect use case for data utilization and interpretation.

Welcome to FORSEdu, a place where all the business and supply chain enthusiasts come for a weekly
dose of knowledge. If you have not subscribed to our channel, you are missing out on value adding
content.

To fulfill the purpose that supplies reach their final destination, various individuals, routes, spaces and
times must align in proper order, creating a value added supply chain. This process is not always smooth,
and is often plagued by delays, inefficient communication and other problems, which the Supply Chain
Analyst is hired to smoothen these things out (can also be written as: This is where the role of Supply
chain analyst comes in). This professional analyzes current tasks and processes and suggests
improvements in order for supply to meet demand. This analytical profile in supply chain is required in
various industries, the most common being manufacturing, technology, governments and food industry.

Supply Chain Analysts are responsible for analyzing the life cycle of how goods are moved from the
planning stages to the end consumer. It involves three steps, First: analyzing data of company, their
supply chain, warehouses, Second: finding out the pain areas and Third: suggesting changes or
improvements in the supply chain process, cost cutting and in other business problems that are points of
concern.

The Supply Chain Analyst must also collaborate with his colleagues from various other departments such
as finance, sales, production, design, marketing, project management teams and customer
service/support. Furthermore, it requires that a Supply Chain Analyst is able to communicate with
vendors in order to address problems, negotiate better deals and form better relationships.

An analyst in supply chain and operations must have a variety of skills, such as analytical, mathematical,
logical, interpersonal skills and also strategical thinking. However, he should be a top notch in Inventory
management skills, knowing in and out of different processes present in the Business, Mathematical
skills, Interpersonal skills, Experience analyzing business improvement, IT development, expertise in
Data analysis and Forecasting. Over time, an analyst in this profile develops advanced skills of consumer
product experience, project management and a strong command on tools of trade such as SQL analytical
tools, MS excel, mathematical analysis and analytical models.

So an individual with good critical, analytical thinking with an aptitude of data analysis would be a good
fit for an analytics job in Logistics and supply chain domain. Lastly, a considerable amount of work-
related skill, knowledge, or experience is required for this career and the work may require long working
hours at times (More than 45 hours a week). The need also requires leading people and making various
decisions. Sometimes it requires dealing with business and risk taking, but that is where the fun is.

That’s it from our end folks, if you want more videos like this let us know by liking it. This is it from our
end for this week, if you liked this video and want more like these let us know by liking it. Tune in next
week to explore more career opportunities in supply chain management.

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