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The differences between demand planners and procurement analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a demand planner, becoming a procurement analyst takes usually requires 2-4 years. Additionally, a demand planner has an average salary of $82,287, which is higher than the $64,448 average annual salary of a procurement analyst.
The top three skills for a demand planner include supply chain, customer service and logistics. The most important skills for a procurement analyst are purchase orders, supplier performance, and customer service.
| Demand Planner | Procurement Analyst | |
| Yearly salary | $82,287 | $64,448 |
| Hourly rate | $39.56 | $30.98 |
| Growth rate | 28% | 11% |
| Number of jobs | 27,351 | 75,154 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 69% |
| Average age | 41 | 44 |
| Years of experience | 6 | 4 |
A demand planner specializes in conducting research and analysis to develop forecast models that will help determine a supply chain's demands. They are also responsible for monitoring the inventory of products, maintaining knowledge and awareness on the latest trends, producing progress reports and presentations, establishing demand plans, and detecting any changes in the forecast, reporting them to management right away. Furthermore, as a demand planner, it is essential to coordinate with everyone in the team, all while adhering to the company's policies and standards.
Procurement analysts procure favorable contracts by acting as liaisons between suppliers and their employers. They are hired by organizations that rely on supply chain management to analyze and evaluate potential suppliers, prepare reports about monthly supply costs, and negotiate contracts. With good critical thinking skills, these procurement analysts who are also known as purchasing analysts, evaluate vendors and suppliers based on the speed of delivery, quality, and price. They use quantitative methods to support fact-based decision-making to become competitive and to ensure cost-efficiency and high quality of the products and services.
Demand planners and procurement analysts have different pay scales, as shown below.
| Demand Planner | Procurement Analyst | |
| Average salary | $82,287 | $64,448 |
| Salary range | Between $61,000 And $109,000 | Between $45,000 And $91,000 |
| Highest paying City | San Francisco, CA | Washington, DC |
| Highest paying state | Washington | Maryland |
| Best paying company | Meta | PayPal |
| Best paying industry | Technology | Retail |
There are a few differences between a demand planner and a procurement analyst in terms of educational background:
| Demand Planner | Procurement Analyst | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 69% |
| Most common major | Business | Business |
| Most common college | Stanford University | Northwestern University |
Here are the differences between demand planners' and procurement analysts' demographics:
| Demand Planner | Procurement Analyst | |
| Average age | 41 | 44 |
| Gender ratio | Male, 56.5% Female, 43.5% | Male, 47.7% Female, 52.3% |
| Race ratio | Black or African American, 10.4% Unknown, 5.6% Hispanic or Latino, 19.0% Asian, 11.1% White, 53.5% American Indian and Alaska Native, 0.3% | Black or African American, 8.2% Unknown, 4.5% Hispanic or Latino, 9.0% Asian, 11.8% White, 66.4% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 9% | 12% |