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.
Added value
Agile
Arbitration
Auto-renewal clauses
Backward integration
Benchmarking
Business case
Business Continuity Planning
Business Cycle
Call off contract
Category management
Commitment
Common procurement vocabulary codes
Competitive advantage
Conflict
Connected stakeholder
Consortia improvement
Continuous improvement
Contract frustration
Corporate social responsibility
Cost modeling
Cross-organisational teams
Culture
Demand risk
Disruptive technologies
Due diligence
Dynamic purchasing system
Early supplier involvement
Economy of scale
Ethical sourcing
Evergreen contracts
External supplier
Fit for purpose
Force majeure
Forward buying
Globalization
Hedging
Intellectual property
Internal supplier
Just in time (JIT)
Key performance indicator
Lessons learned
Leverage
Liquidity ratio analysis
Make or buy
Material breach
Mediation
Monopoly
Multi national company
Negotiation
Non-disclosure agreement
Objective
Offshoring
Open book costing
Pareto principle
Partnership relationship
Pre qualification questionnaire
Preferred customer
Price elasticity
Private sector
Product life cycle
Project audit
Project champion
Project steering committee
Public sector
Qualitative measures
Quantitative measures
Relationship marketing
Restricted marketplace
Return on relationship investment
Reverse e-auction
Risk
Risk management
Service audits
Stakeholder
Supplier development
Supplier relationship management (SRM)
Supply base rationalization
Supply chain management (SCM)
Tacit knowledge
Total quality management
Triangulation
Trust
TUPE legislation
Unique selling proposition / point (USP)
Value for money (VFM)
Value mapping
Value added benefits
Vertical integration
Whole life costing
Working capital
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;