Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between supply 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 supply planner, becoming a procurement analyst takes usually requires 2-4 years. Additionally, a supply planner has an average salary of $70,602, which is higher than the $64,448 average annual salary of a procurement analyst.
The top three skills for a supply planner include supply chain, logistics and demand planning. The most important skills for a procurement analyst are purchase orders, supplier performance, and customer service.
| Supply Planner | Procurement Analyst | |
| Yearly salary | $70,602 | $64,448 |
| Hourly rate | $33.94 | $30.98 |
| Growth rate | 28% | 11% |
| Number of jobs | 39,798 | 75,154 |
| Job satisfaction | 4 | - |
| Most common degree | Bachelor's Degree, 76% | Bachelor's Degree, 69% |
| Average age | 41 | 44 |
| Years of experience | 6 | 4 |
A supply planner is primarily in charge of maintaining a company's inventory of supplies, ensuring all are sufficient and efficient. Their responsibilities revolve around monitoring and counting the inventory, maintaining accurate records, reviewing receipts and other documentation, anticipating product demands, and liaising with vendors and suppliers. Should there be any supply emergencies or issues, one must visit manufacturers or suppliers. There may also be instances where one has to lift products and propose changes in the inventory processes.
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 planners and procurement analysts have different pay scales, as shown below.
| Supply Planner | Procurement Analyst | |
| Average salary | $70,602 | $64,448 |
| Salary range | Between $48,000 And $101,000 | Between $45,000 And $91,000 |
| Highest paying City | San Francisco, CA | Washington, DC |
| Highest paying state | California | Maryland |
| Best paying company | Meta | PayPal |
| Best paying industry | Technology | Retail |
There are a few differences between a supply planner and a procurement analyst in terms of educational background:
| Supply Planner | Procurement Analyst | |
| Most common degree | Bachelor's Degree, 76% | Bachelor's Degree, 69% |
| Most common major | Business | Business |
| Most common college | Stanford University | Northwestern University |
Here are the differences between supply planners' and procurement analysts' demographics:
| Supply Planner | Procurement Analyst | |
| Average age | 41 | 44 |
| Gender ratio | Male, 52.2% Female, 47.8% | Male, 47.7% Female, 52.3% |
| Race ratio | Black or African American, 10.6% Unknown, 5.8% Hispanic or Latino, 18.4% Asian, 11.9% White, 52.9% 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% |