Updated December 21st, 2017
Data Analytics spans more industries than marketing products on amazon and google maps directing you through the best city streets to avoid traffic. There are many unique jobs in the data industry.
Recently a Jobs in the Future subscriber asked us to compare a Supply Chain Analyst Vs an Operations Analyst. We are always excited to get suggestions and feedback on our videos. Keep these coming. We want to serve you better. We achieve this through your suggestions and feedback.
Supply Chain Analyst Vs. Operations Analyst
1 ) Similarities Between Each Job Description
Both of these positions rely heavily on data and analytics. It is important to have foundational skills within the field of data analytics in order to proficiently accomplish the daily tasks of each job. The skills you will need to posses will be as follows:
- Mathematical analysis (statistics)
- Having a firm mathematical aptitude is important.
- Structured Query Language (SQL) analysis tools.
- Using SQL you will have the ability to draw data from the database to be analyzed
- For more on Data Analytics terms you can view our Data Jargon Playlist
- Microsoft Excel
- Microsoft Excel is used to write cell formulas -> finding the sum, counting, along with formulas of statistics. With excel you will be able to draw all types of graphs, make pivot tables, and dashboard items in excel.
- Excel will help you solve complex data sets and stay organized.
- Analytical models
- A fixed equation that allows for fast/accurate problem solving
- ie. — A model of personal savings that assumes a fixed yearly growth rate, r, in savings (S) implies that time rate of change in saving d(S)/dt is given by:S=So EXP(r t) eqn. 2Where “So” is the initial savings, t is the time, and EXP (x) is Euler’s number, e, raised to the power x. This equation is the analytical model of personal savings with fixed growth rate.
- Problem Solving and Investigative Skills
- Detailed and Thorough
- People Skills
- Project Management Skills
Where these two intersect is the use of Data Analytics. Get the Best training in these foundational skills at Edureka.co . The premier Data Analyst training platform.
Start with the Data Analytics Masters Course. This course comes with all you need to build your foundation in Data analytics, and it includes 7 free electives to strengthen your skills in more advanced areas. An extremely valuable course if you are wanting to get started in data analytics.
2 ) How to Differentiate Between Supply Chain Analyst & Operations Analyst
—– Supply Chain Analyst: Responsible for Managing goods as they move through the supply chain from creation to consumer.
Supply Chain Analyst Avg. Salary $63,037 yr.
In order for supplies (consumer products, industrial, etc…) to reach their final destination it is critical for each step in the process to run efficiently and without error. If one aspect of the supply chain goes down and the customer does not receive their product than the supply chain has failed. In order for supplies to reach their final destination, various individuals, routes, spaces and times must align in precise order, creating a supply chain. This system must be constantly maintained and it is the job of the Supply Chain analyst to analyze, address, and fix the problems within the supply chain.
A Supply Chain Analyst must be able to work in fast paced environments, manage stress well, and work on multiple tasks simultaneously in order to solve supply chain issues. When you are dealing with multiple vendors to take a product to its final destination it is imperative to work well with people and systems alike.
In order to understand were the errors are occurring in the supply chain they must analyze a large amount of data such as production schedules and shipping reports. They will review the underperforming areas of the supply chain and coordinate with the managers of that area in order to improve efficiency.
A successful Supply Chain Analyst will have strong analytical, interpersonal, logistical, and mathematical skills.
—– Operations Analyst: Responsible for problem solving organizational defects and issues within one organization to improve financial spending, efficiency, and unity via internal audit.
Operations Analyst Avg. Salary $58,543 yr.
The most prominent difference between a Supply Chain Analyst and an Operations Analyst is the focus of their skills. The Supply Chain Analyst may be working with multiple vendors in order to see a product from production to delivery. An Operations Analyst will work within a single company to help improve the weakness within in order to maximize the companies potential.
They use mathematical and analytical skills to help organizations make better decisions within:
- Financial Spending
- Use of Employee Hours
- Low Performing Departments
- Workflow Management
- Develop Standard Processes
- Automating Systems for Higher Efficiency
With both of these careers you are going to want strong soft skills in interpersonal relations, management, and critical problem-solving. It is also important for both positions to have a firm grip on data analytics.
Edureka is the best online platform to learn the data analytics skills you need on your own timing and at a very competitive rate. Data Analytics Masters Course + 7 free electives to develop your analytics skills.
3 ) Understanding the Definitive Differences
Without a doubt the number one difference between the two is viewing external verses internal.
Supply Chain Analysts will view a product or service from it inception all the way through multiple companies and distribution processes all the way to the end consumer.
Operations Analysts will look internally at a single company to help create financial, personnel, communications, and workflow efficiency.
Thanks for tuning in today for Supply Chain Analyst Vs. Operations Analyst.
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