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Become A Replenishment Analyst

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Working As A Replenishment Analyst

  • Analyzing Data or Information
  • Getting Information
  • Interacting With Computers
  • Interpreting the Meaning of Information for Others
  • Communicating with Supervisors, Peers, or Subordinates
  • Mostly Sitting

  • Make Decisions

  • $84,000

    Average Salary

What Does A Replenishment Analyst Do

Market research analysts study market conditions to examine potential sales of a product or service. They help companies understand what products people want, who will buy them, and at what price.

Duties

Market research analysts typically do the following:

  • Monitor and forecast marketing and sales trends
  • Measure the effectiveness of marketing programs and strategies
  • Devise and evaluate methods for collecting data, such as surveys, questionnaires, and opinion polls
  • Gather data on consumers, competitors, and market conditions
  • Analyze data using statistical software
  • Convert complex data and findings into understandable tables, graphs, and written reports
  • Prepare reports and present results to clients and management

Market research analysts research and gather data to help a company market its products or services. They gather data on consumer demographics, preferences, needs, and buying habits. They collect data and information using a variety of methods, such as interviews, questionnaires, focus groups, market analysis surveys, public opinion polls, and literature reviews.

Analysts help determine a company’s position in the marketplace by researching their competitors and analyzing their prices, sales, and marketing methods. Using this information, they may determine potential markets, product demand, and pricing. Their knowledge of the targeted consumer enables them to develop advertising brochures and commercials, sales plans, and product promotions. 

Market research analysts evaluate data using statistical techniques and software. They must interpret what the data mean for their client, and they may forecast future trends. They often make charts, graphs, infographics, and other visual aids to present the results of their research. 

Workers who design and conduct surveys are known as survey researchers.

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How To Become A Replenishment Analyst

Most market research analysts need at least a bachelor’s degree. Top research positions may require a master’s degree. Strong math and analytical skills are essential. 

Education

Market research analysts typically need a bachelor’s degree in market research or a related field. Many have degrees in fields such as statistics, math, and computer science. Others have backgrounds in business administration, the social sciences, or communications.

Courses in statistics, research methods, and marketing are essential for these workers. Courses in communications and social sciences, such as economics or consumer behavior, are also important.

Some market research analyst jobs require a master’s degree. Several schools offer graduate programs in marketing research, but many analysts complete degrees in other fields, such as statistics and marketing, and/or earn a master’s degree in business administration (MBA). A master’s degree is often required for leadership positions or positions that perform more technical research. 

Licenses, Certifications, and Registrations

Certification is voluntary, but analysts may pursue certification to demonstrate a level of professional competency. The Marketing Research Association offers the Professional Researcher Certification (PRC) for market research analysts. Candidates qualify based on experience and knowledge; they must pass an exam, be a member of a professional organization, and have at least 3 years working in opinion and marketing research. Individuals must complete 20 hours of industry-related continuing education courses every 2 years to renew their certification.

Important Qualities

Analytical skills. Market research analysts must be able to understand large amounts of data and information. 

Communication skills. Market research analysts need strong communication skills when gathering information, interpreting data, and presenting results to clients. 

Critical-thinking skills. To determine what marketing strategy would work best for a company, market research analysts must assess all available information.

Detail oriented. Market research analysts must be detail oriented because they often do precise data analysis.

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Replenishment Analyst Career Paths

Replenishment Analyst
Buyer Office Manager Account Manager
National Account Manager
8 Yearsyrs
Buyer Purchasing Manager
Supply Chain Manager
10 Yearsyrs
Buyer Store Manager Account Manager
Regional Accounts Manager
8 Yearsyrs
Merchandise Planner Planning Manager Purchasing Manager
Category Manager
8 Yearsyrs
Merchandise Planner Merchandising Manager Operations Manager
Sales And Operations Manager
7 Yearsyrs
Merchandise Planner Merchandising Manager Sales Manager
Senior Sales Manager
7 Yearsyrs
Business Analyst Consultant Sales Manager
National Sales Manager
9 Yearsyrs
Business Analyst Consultant Account Manager
Key Account Manager
7 Yearsyrs
Business Analyst Project Manager Product Manager
Brand Manager
5 Yearsyrs
Inventory Analyst Finance Analyst Product Manager
Product Development Manager
7 Yearsyrs
Inventory Analyst Finance Analyst Pricing Analyst
Pricing Manager
7 Yearsyrs
Inventory Analyst Finance Analyst Senior Finance Analyst
Planning Manager
8 Yearsyrs
Planner Consultant Marketing Manager
Regional Marketing Manager
6 Yearsyrs
Planner Analyst Product Manager
Market Development Manager
8 Yearsyrs
Planner Account Executive Regional Sales Manager
Strategic Accounts Manager
9 Yearsyrs
Analyst Manager Marketing Manager
Brand Marketing Manager
6 Yearsyrs
Analyst Project Manager Marketing Manager
Manager, Channel Marketing
8 Yearsyrs
Supply Chain Analyst Project Manager Marketing Director
Brand Director
10 Yearsyrs
Supply Chain Analyst Category Manager Trade Marketing Manager
Customer Marketing Manager
7 Yearsyrs
Supply Chain Analyst Marketing Analyst Marketing Manager/Project Manager
Marketing Account Manager
5 Yearsyrs
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Do you work as a Replenishment Analyst?

Help others decide if this is a good career for them

Do you work as a Replenishment Analyst?

Average Yearly Salary
$84,000
View Detailed Salary Report
$48,000
Min 10%
$84,000
Median 50%
$84,000
Median 50%
$84,000
Median 50%
$84,000
Median 50%
$84,000
Median 50%
$84,000
Median 50%
$84,000
Median 50%
$145,000
Max 90%
Best Paying Company
Costa Farms
Highest Paying City
Minneapolis, MN
Highest Paying State
Alaska
Avg Experience Level
2.9 years
How much does a Replenishment Analyst make at top companies?
The national average salary for a Replenishment Analyst in the United States is $84,325 per year or $41 per hour. Those in the bottom 10 percent make under $48,000 a year, and the top 10 percent make over $145,000.

How Would You Rate The Salary Of a Replenishment Analyst?

Have you worked as a Replenishment Analyst? Help other job seekers by rating your experience as a Replenishment Analyst.

Top Skills for A Replenishment Analyst

  1. Proper Inventory Levels
  2. Vendor Performance
  3. Purchase Orders
You can check out examples of real life uses of top skills on resumes here:
  • Work with the Buying Offices, Planning, and Allocation Teams to insure proper inventory levels for promotions and events.
  • Reconcile inventory and vendor needs while ensuring vendor performance.
  • Team with Buyers to generate purchase orders based on analysis of corporate/store needs and distribute inventory accordingly.
  • Analyzed category performance monthly to maximize opportunities in the store/SKU forecasts.
  • Regulate demand forecasts based on sales to ensure retail stores have the proper inventory to maintain profitability

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Average Salary:

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Top 10 Best States for Replenishment Analysts

  1. Delaware
  2. New York
  3. Rhode Island
  4. New Jersey
  5. Texas
  6. Minnesota
  7. Virginia
  8. Massachusetts
  9. District of Columbia
  10. Connecticut
  • (35 jobs)
  • (665 jobs)
  • (32 jobs)
  • (227 jobs)
  • (613 jobs)
  • (192 jobs)
  • (571 jobs)
  • (335 jobs)
  • (193 jobs)
  • (100 jobs)

Replenishment Analyst Demographics

Gender

Female

50.1%

Male

41.8%

Unknown

8.1%
Ethnicity

White

62.6%

Hispanic or Latino

16.9%

Black or African American

10.7%

Asian

6.8%

Unknown

3.0%
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Foreign Languages Spoken

Spanish

50.0%

Carrier

18.8%

Chinese

6.3%

French

6.3%

Russian

6.3%

Mandarin

6.3%

Italian

6.3%
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Replenishment Analyst Education

Schools

University of Phoenix

14.5%

NorthWest Arkansas Community College

11.8%

John Brown University

10.5%

Michigan State University

5.9%

University of Arkansas, Fayetteville

5.3%

Fashion Institute of Technology

5.3%

Pennsylvania State University

4.6%

University of Tennessee - Knoxville

3.9%

Texas A&M University

3.9%

Ohio State University

3.3%

Webster University

3.3%

Texas State University

3.3%

University of Houston

3.3%

Florida State University

3.3%

Western Illinois University

3.3%

Western Michigan University

3.3%

Colorado State University

3.3%

University of Alabama

2.6%

American InterContinental University

2.6%

Robert Morris University

2.6%
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Majors

Business

42.3%

Marketing

10.8%

Specialized Sales And Merchandising

6.5%

Supply Chain Management

5.6%

Finance

5.0%

Communication

3.8%

Management

3.7%

Economics

2.7%

Accounting

2.7%

Political Science

2.5%

Operations Management

2.1%

Computer Information Systems

1.9%

Mathematics

1.7%

Graphic Design

1.5%

Sociology

1.3%

Family And Consumer Sciences/Human Sciences Business Services

1.2%

English

1.2%

Industrial Engineering

1.2%

Criminal Justice

1.2%

History

1.2%
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Degrees

Bachelors

60.4%

Masters

15.4%

Other

12.8%

Associate

7.3%

Certificate

2.9%

Doctorate

0.9%

Diploma

0.3%

License

0.1%
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