Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between supply chain analysts 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 supply chain analyst, becoming a procurement analyst takes usually requires 2-4 years. Additionally, a supply chain analyst has an average salary of $67,450, which is higher than the $64,448 average annual salary of a procurement analyst.
The top three skills for a supply chain analyst include supply chain, logistics and customer service. The most important skills for a procurement analyst are purchase orders, supplier performance, and customer service.
| Supply Chain Analyst | Procurement Analyst | |
| Yearly salary | $67,450 | $64,448 |
| Hourly rate | $32.43 | $30.98 |
| Growth rate | 28% | 11% |
| Number of jobs | 37,979 | 75,154 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 69% |
| Average age | 41 | 44 |
| Years of experience | 6 | 4 |
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.
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.
Supply chain analysts and procurement analysts have different pay scales, as shown below.
| Supply Chain Analyst | Procurement Analyst | |
| Average salary | $67,450 | $64,448 |
| Salary range | Between $50,000 And $90,000 | Between $45,000 And $91,000 |
| Highest paying City | Arlington, VA | Washington, DC |
| Highest paying state | Virginia | Maryland |
| Best paying company | Meta | PayPal |
| Best paying industry | Manufacturing | Retail |
There are a few differences between a supply chain analyst and a procurement analyst in terms of educational background:
| Supply Chain Analyst | 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 supply chain analysts' and procurement analysts' demographics:
| Supply Chain Analyst | Procurement Analyst | |
| Average age | 41 | 44 |
| Gender ratio | Male, 59.3% Female, 40.7% | Male, 47.7% Female, 52.3% |
| Race ratio | 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% | 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% |