Supply Chain Planner Salary
Job Description for Supply Chain Planner
A supply chain planner is responsible for ensuring that a company receives the materials or supplies they need quickly, efficiently, and within budget. To do this, they must monitor the company’s inventories and track the performance of current supply methods. Then, the supply chain planners try to find ways to improve that process. Depending on their industry, the supply chain planner may suggest moving warehouses, changing suppliers, or switching transportation methods. In the event of a supply emergency (such as a sudden increase in demand or a shortage of materials), the supply chain planner must also determine how to get new supplies in time to meet deadlines.Read More...
Supply chain planners work in a variety of fields, such as retail, manufacturing, pharmaceuticals, and distribution. Regardless of the field, the supply chain planner works in an office setting during regular business hours, but overtime may be required if an emergency situation arises.
To become a supply chain planner, a bachelor’s degree is usually required. Companies typically prefer degrees in supply chain, business, operations, or a related field. A master’s degree in business administration may be helpful, especially if the applicant hopes to rise to a senior level in the company. Also, two to five years of experience working in the supply chain field is often required. Some companies may require certifications in operator or vendor management, such as the APICS Certified in Production and Inventory Management (CPIM) or the APICS Certified Supply Chain Professional (CSCP).
Supply Chain Planner Tasks
- Obtain, analyze and interpret supply chain relevant data.
- Use analysis results to improve supply chain processes, performance and to reduce costs.
- Perform analyses with this data using analytical models and mathematical analysis.
Common Career Paths for Supply Chain Planner
It's not very common for Supply Chain Planners to move on to become Demand Planning Managers. Average pay for a Demand Planning Manager is $88K annually. However, becoming a Supply Chain Manager or Demand Planner is a more frequent transition for Supply Chain Planners.
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Popular Skills for Supply Chain Planner
Supply Chain Planners seem to wield many skills on the job. Most notably, skills in SAP Supply Chain Management, Strategic Planning, SAP Enterprise Resource Planning, and Data Analysis are correlated to pay that is above average, with boosts between 5 percent and 20 percent. Lean Manufacturing, on the other hand, is typically associated with much lower pay. Those familiar with Inventory Management also tend to know Materials Requirement Planning (MRP), Microsoft Excel, and Data Analysis.
Pay by Experience Level for Supply Chain Planner
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Survey participants with less than five years' experience pocket $59K on average, but those with five to 10 years of experience enjoy a much bigger median of $65K. After working for 10 to 20 years, Supply Chain Planners make a median salary of $68K. Folks with more than two decades of experience actually report lower incomes overall; their average comes out to a mere $67K.
Pay Difference by Location
For those looking to make money, Supply Chain Planners in Minneapolis enjoy an exceptional pay rate, 21 percent above the national average. Supply Chain Planners will also find cushy salaries in San Jose (+15 percent), Cleveland (+10 percent), Chicago (+10 percent), and New York (+10 percent). Falling short of the national average by 6 percent, the area with the worst salaries is Memphis. Workers in Baltimore and San Diego earn less than others in this profession; their salaries fall short of the national average by 3 percent.
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