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The differences between purchase analysts and logistics analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become a purchase analyst, becoming a logistics analyst takes usually requires 4-6 years. Additionally, a purchase analyst has an average salary of $64,581, which is higher than the $57,719 average annual salary of a logistics analyst.
The top three skills for a purchase analyst include purchase orders, supplier performance and continuous improvement. The most important skills for a logistics analyst are supply chain, customer service, and continuous improvement.
| Purchase Analyst | Logistics Analyst | |
| Yearly salary | $64,581 | $57,719 |
| Hourly rate | $31.05 | $27.75 |
| Growth rate | 11% | 28% |
| Number of jobs | 88,542 | 28,538 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 66% |
| Average age | 44 | 41 |
| Years of experience | 4 | 6 |
A purchase analyst is responsible for looking at the market outlook and determining what and when to buy when ordering supplies. They are responsible for making an investment in a product or technology, and contracting with vendors. You have varied duties and responsibilities that include researching product prices and comparisons, determining price history and cost-effectiveness, and providing leadership for logistics, resource management decisions, and sourcing. You will also be responsible for purchasing equipment from suppliers and working closely with leadership to develop sourcing strategies.
A logistics analyst is responsible for evaluating the company's supply chain, analyzing the cycle of a company's products to create a strategy on minimizing costs and time for each process of production without compromising the quality of output. Logistics analysts design operational techniques to maximize the productivity of the staff, identifying areas of improvement within the process, monitor shipment details, verify causes of delivery delays, and respond to customer's inquiries and concerns. They also review the payment process of the distribution, requiring them to have excellent analytical and critical-thinking skills.
Purchase analysts and logistics analysts have different pay scales, as shown below.
| Purchase Analyst | Logistics Analyst | |
| Average salary | $64,581 | $57,719 |
| Salary range | Between $42,000 And $98,000 | Between $40,000 And $81,000 |
| Highest paying City | Milford, MA | San Francisco, CA |
| Highest paying state | New Jersey | Alaska |
| Best paying company | MPS Horticulture | Apple |
| Best paying industry | Retail | Automotive |
There are a few differences between a purchase analyst and a logistics analyst in terms of educational background:
| Purchase Analyst | Logistics Analyst | |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 66% |
| Most common major | Business | Business |
| Most common college | Northwestern University | Stanford University |
Here are the differences between purchase analysts' and logistics analysts' demographics:
| Purchase Analyst | Logistics Analyst | |
| Average age | 44 | 41 |
| Gender ratio | Male, 45.8% Female, 54.2% | Male, 64.3% Female, 35.7% |
| Race ratio | Black or African American, 8.4% Unknown, 4.5% Hispanic or Latino, 9.1% Asian, 10.6% White, 67.2% American Indian and Alaska Native, 0.2% | Black or African American, 13.6% Unknown, 5.3% Hispanic or Latino, 20.1% Asian, 11.0% White, 49.7% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 12% | 9% |