Material Analyst
2 weeks ago
Companies hire material analysts to manage inventory and shipping of goods, minimizing loss and overheads, thus keeping company expenses at the lowest possible. They make sure every material necessary for production is in stock and manage distribution to satisfy the needs of the supply chain.
As a material analyst, you will be responsible for creating an annual plan for material acquisitions, and sometimes you might also be involved in quality control processes. You will assess the required quantities of materials and make sure material specifications match their projected use.
A degree in business management or global operations will most likely be necessary to land a material analyst position. Completing a supply and logistics management course might also suffice, the most important being familiar with management practices and inventory control software.
As you move along in your career, you may start taking on more responsibilities or notice that you've taken on a leadership role. Using our career map, a material analyst can determine their career goals through the career progression. For example, they could start out with a role such as buyer, progress to a title such as purchasing manager and then eventually end up with the title director of purchasing.
The average Material Analyst salary in the United States is $66,092 per year or $32 per hour. Material analyst salaries range between $49,000 and $88,000 per year.
Material Analyst skills and job requirements
Supply Chain
Logistics
MRP
Part Numbers
Purchase Orders
Inventory Control
ERP
On-Time Delivery
BOM
Material Analyst requirements
Bachelor's degree in Business, Engineering or related field
Minimum of 2 years of experience in material planning and inventory control
Proficient in Microsoft Excel and ERP systems
Experience with Lean Manufacturing and Six Sigma methodology
Ability to read and interpret technical drawings and specifications
Manage over 120 raw materials on KanBan and daily delivery systems.
Create and manage MPS (master production schedule) for MAU factory.
Manage and expedite delivery to ensure on time delivery (OTD) to customer.
Communicate with suppliers and MRO's on a regular basis to manage projects and ensure customer satisfaction.
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