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The differences between senior 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 senior demand planner, becoming a procurement analyst takes usually requires 2-4 years. Additionally, a senior demand planner has an average salary of $89,229, which is higher than the $64,448 average annual salary of a procurement analyst.
The top three skills for a senior demand planner include demand planning, forecast accuracy and supply chain planning. The most important skills for a procurement analyst are purchase orders, supplier performance, and customer service.
| Senior Demand Planner | Procurement Analyst | |
| Yearly salary | $89,229 | $64,448 |
| Hourly rate | $42.90 | $30.98 |
| Growth rate | 28% | 11% |
| Number of jobs | 26,865 | 75,154 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 69% |
| Average age | 41 | 44 |
| Years of experience | 6 | 4 |
Senior demand planners are responsible for new product introduction and instrument forecasting inside the demand planning team. Their duty is an important part of the supply chain operation, and they perform closely with business operations, marketing, manufacturing, sourcing, and engineering to make certain service level expectations and inventory accessibility are met. Basic duties include creating planning margins in material requirements planning, evaluating demand trend data, and demonstrating to the leadership organization. Also, they essentially create models, procedures, and databases for data reporting and assimilation. Additionally, they design transition strategies and predictions as well as observe monthly performance to plan, identify, and convey trends that stipulate gaps.
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.
Senior demand planners and procurement analysts have different pay scales, as shown below.
| Senior Demand Planner | Procurement Analyst | |
| Average salary | $89,229 | $64,448 |
| Salary range | Between $68,000 And $116,000 | Between $45,000 And $91,000 |
| Highest paying City | San Francisco, CA | Washington, DC |
| Highest paying state | California | Maryland |
| Best paying company | Microsoft | PayPal |
| Best paying industry | Technology | Retail |
There are a few differences between a senior demand planner and a procurement analyst in terms of educational background:
| Senior Demand Planner | Procurement Analyst | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 69% |
| Most common major | Business | Business |
| Most common college | Stanford University | Northwestern University |
Here are the differences between senior demand planners' and procurement analysts' demographics:
| Senior Demand Planner | Procurement Analyst | |
| Average age | 41 | 44 |
| Gender ratio | Male, 55.5% Female, 44.5% | Male, 47.7% Female, 52.3% |
| Race ratio | Black or African American, 10.2% Unknown, 5.4% Hispanic or Latino, 21.8% Asian, 10.5% White, 51.8% 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% |