Forecasting analyst vs supply chain analyst

The differences between forecasting analysts and supply chain analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a forecasting analyst and a supply chain analyst. Additionally, a forecasting analyst has an average salary of $69,708, which is higher than the $67,450 average annual salary of a supply chain analyst.

The top three skills for a forecasting analyst include supply chain, SQL and data analysis. The most important skills for a supply chain analyst are supply chain, logistics, and customer service.

Forecasting analyst vs supply chain analyst overview

	Forecasting Analyst	Supply Chain Analyst
Yearly salary	$69,708	$67,450
Hourly rate	$33.51	$32.43
Growth rate	19%	28%
Number of jobs	31,811	37,979
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 75%	Bachelor's Degree, 73%
Average age	37	41
Years of experience	6	6

What does a forecasting analyst do?

A forecasting analyst is responsible for predicting a business's future production and financial condition by analyzing the company's current data statistics. Forecasting analysts evaluate the company's sales performance, inventory levels, production speed, and turnaround time of deliverables. They also study the latest industry trends, identifying business opportunities from consumer demands and interests to develop revenue resources to maintain the business' financial stability. A forecasting analyst must have excellent communication and analytical skills, especially on creating report models and finance measurement accuracy.

What does a supply chain analyst do?

A supply chain analyst is responsible for handling the supply chain operations of an organization, aligning processes, and identifying areas of improvement to initiate procedures and create smooth supply delivery transactions. Supply chain analysts monitor the adequacy of stock inventory, including the trends in the market industry, to meet the public demands and ensuring that the business provides those interests. They also evaluate the supply cycle, from the planning stages to the final distribution, and analyzing aspects to minimize complexities and cost-reduction without compromising the quality of services.

Forecasting analyst vs supply chain analyst salary

Forecasting analysts and supply chain analysts have different pay scales, as shown below.

	Forecasting Analyst	Supply Chain Analyst
Average salary	$69,708	$67,450
Salary range	Between $53,000 And $90,000	Between $50,000 And $90,000
Highest paying City	Seattle, WA	Arlington, VA
Highest paying state	Washington	Virginia
Best paying company	Apple	Meta
Best paying industry	Manufacturing	Manufacturing

Differences between forecasting analyst and supply chain analyst education

There are a few differences between a forecasting analyst and a supply chain analyst in terms of educational background:

	Forecasting Analyst	Supply Chain Analyst
Most common degree	Bachelor's Degree, 75%	Bachelor's Degree, 73%
Most common major	Business	Business
Most common college	University of Georgia	Stanford University

Forecasting analyst vs supply chain analyst demographics

Here are the differences between forecasting analysts' and supply chain analysts' demographics:

	Forecasting Analyst	Supply Chain Analyst
Average age	37	41
Gender ratio	Male, 55.3% Female, 44.7%	Male, 59.3% Female, 40.7%
Race ratio	Black or African American, 5.0% Unknown, 5.0% Hispanic or Latino, 11.9% Asian, 12.7% White, 65.3% American Indian and Alaska Native, 0.1%	Black or African American, 10.3% Unknown, 5.7% Hispanic or Latino, 19.8% Asian, 11.4% White, 52.5% American Indian and Alaska Native, 0.3%
LGBT Percentage	10%	9%

Differences between forecasting analyst and supply chain analyst duties and responsibilities

Forecasting analyst example responsibilities.

Manage National/Global RFP project process by creating pricing models and coordinating pricing efforts of different ManpowerGroup brands.
Enter sales and freight information in company ERP software program.
Work with logistics to track shipments to distribution center and ensure customer delivery dates are met.
Develop and execute the POS and inventory forecasts and analysis for mass merchants and national /international sales accounts.
Create promotional, POS, & inventory reports for both domestic and international accounts and submit to company each week.
Utilize Nielsen data to create category reviews, new product presentations, and attend customer meetings to support customer category managers.

Supply chain analyst example responsibilities.

Manage and develop various SQL queries to extract, analyze, and report trends and inventory needs.
Raise capital, set up PMO office & lead cross-functional team to deliver a document management technology solution.
Overhaul inventory management and replenishment methodology until introduction of ERP and policies upon ERP integration.
Decrease overtime percentages significantly by restructuring workloads, and material cost savings by reducing inventory levels and implementing MRP principles.
Coach and train staff to have a working knowledge of PeopleSoft for a successful go-live.
Validate BOM entry and routing in BPCS and monitor product development and supply chain until first complete delivery.

Forecasting analyst vs supply chain analyst skills

Common forecasting analyst skills

Supply Chain, 9%
SQL, 9%
Data Analysis, 7%
Strong Analytical, 6%
SAS, 5%
Demand Planning, 5%

Common supply chain analyst skills

Supply Chain, 18%
Logistics, 8%
Customer Service, 6%
Power Bi, 5%
Continuous Improvement, 4%
Chain Management, 4%

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Forecasting Analyst
Forecasting Analyst vs Supply Chain Analyst

Updated January 8, 2025

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