IISCM

Terminologies for Supply Chain Interviews-003

Written by IISCM | Dec 9, 2022 8:41:07 AM

Fhyzics brought out this series of articles on supply chain terminologies to help the supply chain aspirants better prepare for supply chain and procurement job interviews. Each article will contain a set of terminologies in one of the supply chain or procurement sub-domains and are equally applicable to all industries.

Fhyzics Business Consultants Pvt. Ltd. – a boutique business consulting firm specialising in supply chain management, procurement, business analysis and new product development. Fhyzics offers consulting, certifications, and civil services training and conducts conferences. Fhyzics represents the Association of Supply Chain Management (ASCM/APICS), USA; Chartered Institute of Procurement and Supply (CIPS), UK; EEP of International Institute of Business Analysis, IIBA, Canada; REP of International Requirements Engineering Board, IREB, Germany; Indian Affiliate of Product Development and Management Association, PDMA, USA.

Top Supply Chain and Procurement Terminologies

Ad –hoc purchase
Alternative dispute resolution
Articles of incorporation
Base year
Battle of the forms
Bespoke
Bribery
Category
CISG
Closed system
Code of practice
Collusion
Conflict minerals
Contracting state
Corruption
Debt bondage
Defects
Defendant
Developing economy
Diminished capacity
Direct call off
Disincentive
Downstream
Draft
Drafter
Estimate
Express terms
Five rights
Fixed cost
Force majeure
Forwarding agents
Framework agents
GATS
GATT
Downstream
Draft
Estimate
Express terms
Five rights
Fixed cost
Force majeure
Forwarding agents
Framework agents
GATS
GATT
General data protection regulation
Geographic information system mapping
Globally harmonized system for the classification and labeling of chemicals
Implied terms
Incentive
Incoterms
Indemnity
Indexation
Ineffective contract term
Insurance
Intention to create legal relation to be legally bound
ISO
Legal certainty
Legalese
Letter of intent
Level the playing field
Liability
Margin
Markup
Market leverage
Mini competition
Non disclosure agreement
Off the shelf
Offeror
Pay less notice
Precedent
Price index
Price schedule
Pricing for risk
Project management
Public sector
Quotation
Rescission of contract
Retention
Right of set off
Rules of interpretation
Schedule of rates
Schedule of rates
Sector
Service level agreement (SLA)
Sharing ratio
SME
Social value
Specific performance
Standard
Standard terms and conditions
Strict liability
Subcontract
Subject to contract
Subject to contract
Supply base
Supply market
Taget cost
Target fee
Tender
Term contracts
Time is of the essence
Title to goods
Transitional economy
Transparency
Upstream
Utilities sector
Variable costs
Version control table
Vienna convention
Waiver

The fifty questions presented above will help the following supply chain job interviews.Demand Planner; Production Planner; Supply Planner; Supply Chain Analyst; Supply Chain Head; Inventory Controller; Materials Planner; VP Supply Chain; Warehouse Executive; Warehouse Manager; Inventory Analyst; Master Planner; Master Scheduler; Materials Manager; Category Manager; Commodity Manager; Procurement Specialist; Purchasing Manager; Sourcing Manager; Operations Manager; Operations Director; Production Manager; Production Scheduler; Logistics Coordinator; Logistics Manager; Transportation Analyst; Inventory Manager; Director of Supply Chain; Consultant; Buyer Planner; Logistics Resource Planner; Load Planner; Quality Manager; Production Supervisor; Production Operative; Strategic Sourcing Manager; Purchasing and Inventory Clerk; Logistics Administrator; Reverse Logistics Manager; Transport Administrator; Supply Chain Solution Design Analyst; Warehouse Clerk; Production Clerk; Production Technician; Inventory Associate; Export Manager; Capacity Manager; Manufacturing Manager; Plant Manager; VP of Operations; VP of Manufacturing; Supply Clerk; Replenishment Manager; Director of Procurement; Purchasing Agent; Vendor Manager; Fulfillment Associate; Route Manager; Import Manager; Distribution Manager; Director of Transportation; Operations Assistant; Quality Technician; Business Process Analyst; Quality Assurance Engineer; Continuous Improvement Manager; Planning Engineer; Lean, Six Sigma Specialist; SAP Consultant; Import Export Executive; Supply Network Specialist; Material Availability Analyst; Team Manager SCM; SCM Trainer; Sr. Specialist Supply Chain Logistics Management; Sustainable Supply Chain Specialist; Supply Chain Planner; Manager Supply Chain Management Analytics; Procurement Lead; Manager Store; Procurement Professional; Logistics Specialist; Global Delivery Manager; Sourcing Support Specialist; Category Head; Regional Logistics Incharge; Dispatch Incharge; Digital Transformation Leader for Supply Chain; Field Delivery Executive; Indirect Procurement Officer; DC Manager; Regional Procurement Lead; Yard Supervisor; Principal Buyer; Procurement HR; Fleet Coordinator; Supplier Developer; Vendor Consultant; Transportation Analyst; Manager Hub Operations; Supply Chain Planning System Manager;