These are hot supply chain management jobs to look out for in 2018.
Supply chain management jobs are in demand as virtually all companies have some form of raw material procurement. Supply chain personnel manage and coordinate the network of vendors and logistics of manufacturing. The amount of supply chain touchpoints for a shiny new iPhone, for example, are shocking. Once you factor in the inner workings of the global economy, it's clear to see why supply chain management jobs are not only abundant but in demand.
Supply chain management is the sector within the supply chain that is responsible for overseeing the process to better optimize efficiency while maintaining quality. Let’s take a look at the supply chain management jobs to keep an eye on in 2018 and the role each one plays in the process.
Supply Chain Management Jobs
The role of the inventory manager is integral to successfully running a business. As far as supply chain management jobs go, this particular position is responsible for the inventory needs of an organization’s warehouse. They lead a team of workers to receive, document, and move stock as it comes in. Additional duties include interviewing and hiring warehouse workers and keeping track of time to ensure products are shipped out on schedule.
In order to effectively fulfill their role, inventory managers have four essential responsibilities:
- find suppliers that will meet the needs of the company and be profitable—this also requires they keep an eye on any suppliers in the area
- meticulously document inventory
- in small-scale companies, they must also negotiate and sign contracts with suppliers while maintaining attuned with what inventory is left or needs replenishing
- ensure inventory matches customer demand
The salary for supply chain inventory managers range from $69,138 to $95,987.
Supply Chain Analyst
The supply chain analyst role requires critical thinking skills and a mind for data and numbers. They must collect data and analyze information to identify what needs improvement. The ultimate goal of this process is to optimize supply chain operations. A supply chain analyst can also assist in the negotiation of supplier contracts.
More specifically, and apart from the tasks mentioned above, the responsibilities of a supply chain analyst include:
- developing requirements and standard procedures
- monitoring the handling of inventory
- identifying the most cost-effective forms of shipping and schedules
- ensuring vendor operations meet quality standards
- maintaining strong and positive relationships with business partners
- working with IT professionals to use the most effective systems
- track key performance indicators to effectively report on the performance of the supply chain
The supply chain management salary for this position ranges from $64,561 to $88,711.
Supply Chain Financial Analyst
Supply chain financial analysts are responsible for preparing and analyzing financial statements for the company facility as precisely and timely as possible. Additionally, their role also requires them to act as a liaison between the corporate accounting manager and on-site managers.
The role of a financial analyst entails duties such as:
- keeping management updated and fully informed by communicating on a weekly basis
- handling the signing and release of invoices
- preparing weekly forecasts for clients
- providing advice and assistance for site management in regards to accounting
The salary for supply chain financial analysts ranges from $41,610 to $80,669.
Logistics managers are tasked with focusing on process of goods and materials flow. They handle logistics challenges, the departments that receive supplies and materials, and supervise stocking and warehousing departments.
A logistics manager has responsibilities that include:
- overseeing the path of materials from its movement, distribution, and finally its storage in an organized manner
- controlling the pace at which materials are received to ensure products are delivered to customers in a timely fashion
- supervising warehouse and inventory control, the handling of material, customer service, and the transportation and planning of workers
- hiring, training, and evaluating employees
- ensuring warehouse and distribution workers follow safety regulations
- preparing scheduling for workers
The supply chain management salary for logistics managers ranges from $94,923 and $118,785.