A logistics analyst or logistician analyzes and coordinates the supply chain for an organization, which is the system that transports a product from the supplier to the consumer. Logisticians oversee the entire life cycle of all types of products, which includes how the product is acquired, allocated, and delivered to the customer. (BLS.gov).
Logisticians usually have the following duties:
- Manage the life cycle of a product from design to disposal.
- Direct allocation of supplies, products, and materials.
- Develop strong business relationships with clients and suppliers.
- Understand the needs of the client and how to best meet them.
- Review the logistical functions of the organization and find areas that may be improved.
- Propose new strategies to reduce the time or cost required to transport products.
A logistics analyst typically oversees transportation, purchasing, inventory, and warehousing. They also may oversee the movement of many goods, such as people, goods, or supplies. This work can involve everyday consumer goods to military supplies.
A logistics analyst uses advanced software systems to track how products move throughout the supply chain. They use software that is designed specifically to deal with logistical functions, such as inventory management, procurement, and other supply chain management and planning systems.
Here are some key ways that your skills as a logistics analyst can improve company performance: (Datapine.com)
- The last mile of shipping can be improved: It is estimated that the last mile of the supply chain is highly inefficient in many cases, costing up to 28% of the delivery cost. Last-mile analytics can be used by logisticians to see how the delivery process goes from warehouse to front door. This information can be used in the future to get the package delivered faster.
- Reliability is more transparent: Sensors are being used in more delivery vehicles, shipping containers and all through the supply chain, providing more data so logistics analysts can see where bottlenecks are and devise solutions.
- Route optimization: Optimizing the route to make it delivery products in the most logical and quickest fashion helps companies save money and avoid late shipments. For example, data analysis showed UPS that their trucks turning left was costing them money. UPS claims by turning left less often, 10 million fewer gallons of fuel is used annually, and 350,000 more packages are delivered on time.
Logistics Analyst Degree Salary
Many logistics analysts must earn a bachelor’s or master’s degree in business, systems engineering or supply chain management. Before embarking on your educational journey, it may be beneficial to learn about the salary outlook for this profession.
Below is detailed salary information for logistics analysts.
Bureau of Labor Statistics
The Bureau of Labor Statistics reports the median salary for logistics analysts is $74,600. The lowest 10% of these workers earned $44,400, while the top 10% earned more than $119,950. The top-paying industries in the field were: (BLS.gov)
- Federal government: $85,600
- Manufacturing: $75,200
- Management of companies and enterprises: $74,200
- Professional, scientific, and technical services: $72,700
- Wholesale trade: $66,400
For operations research analysts, the median salary is $83,300, with a range between $46,800 and $136,200. (BLS.gov)
Payscale.com states the average salary for logistics analysts is $57,000 with a range between $43,000 and $82,000. (Payscale.com). Some reported salaries from specific companies are:
- Lockheed Martin Corp: $65,000
- CACI International: $65,000
- Booz, Allen, and Hamilton: $62,000
- Northrop Grumman Corporation: $66,000
- Ryder Integrated Logistics: $48,000
- The Home Depot: $64,000
- Science Applications International Corporation: $70,000
Popular skills in this field and corresponding salaries are:
- Logistics: $56,700
- Data analysis: $56,400
- Microsoft Excel: $55,500
- Supply chain: $57,600
- Microsoft Office: $55,100
Your pay as a logistics analyst will rise as your experience increases:
- Zero to one year of experience: $49,400
- One to four years of experience: $53,600
- Five to nine years of experience: $59,900
- Ten to 19 years of experience: $66,400
- More than 20 years of experience: $71,400
Difference cities also will net higher or lower salaries in the logistics analyst field;
- Huntsville, Alabama: +26%
- Washington DC: +16%
- San Diego: +15%
- Atlanta: +3%
- Houston: +1%
- Chicago: -5%
- Norfolk, Virginia: -10%
Glassdoor.com reports the average salary in this profession is $59,700 with a range between $46,000 and $81,000. (Glassdoor.com).
This website reports the average salary for logistics analysts is $61,500. (Glassdoor.com)
This website reports the average national salary for this field is $54,400, with a range between $27,000 and $82,000. Most in the field earn between $42,000 and $60,000. (Ziprecruiter.com).
Logistics Analyst Job Outlook
Employment for logistics analysts will increase by 5% through 2028. This is about as fast as average when compared to other occupations. (BLS.gov). Employment growth is driven by a greater need for logistics in how to effectively transport goods in a world economy.
How the logistical and supply chain performs is a vital factor in the profitability of the organization. Companies heavily rely on logistics analysts to manage how products and supplies move around the world in the supply chain. Supply and distribution systems are more complicated as they attempt to get more efficient at a lower cost. Employment should grow in this sector as organizations need more logisticians to move their products in a more efficient manner, solve supply chain problems, and pinpoint bottlenecks in the supply chain.
The field of operations research analysis is related to logistics analysis and also will see robust job growth by 2028, with 26% more jobs by 2028. These professionals also are needed to find problems in the supply chain and solve them with software and analysis to improve efficiency and reduce costs. (BLS.gov)
Logistics Analyst Degree Salary by State
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Source: Ziprecruiter.com, December 2020.
Increased competition in most industries in the global economy, coupled with advances in supply chain technology, is creating many exciting job opportunities for logistics analysts and related occupations. If you have earned your degree in business, computer science, statistics, or business analytics, this is a desirable field for many job opportunities and salary growth for the coming decade and beyond.