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.
Aisles
Bill of materials
Book value
Bottleneck
Brainstorming
Bullwhip effect
Business to business
Capital expenditure
Check digits
Circular economy
Closing stock
Commodity markets
Components
Consignment stocking
Consumables
Cost benefit
Cross docking
Current assets
Delphi method
Dependent demand
Direct supplies
Distribution centre
Distribution centres and distribution hubs
Docks
Ecological footprint
EDI
Ecological footprint
ERP
Evergreen contract
Ex-works
Exponentially weighted average method
Finished goods
Fixed assets register
Fixed assets
Flexible warehousing
Flow
Forecasting
GRN
Guarantee
Hedge
Heijunka
Hire
Lease
Holding costs / carrying costs
Independent demand
Indirect supplies
Inventory
Inventory strategy
Just in time
Kanban
Kitting
Lead time
Lean
Liquidity
Mezzanine floor
MRO inventory
Met present value
Obsolescence
Opening stock
Opportunity cost
Pallets
Pareto principle
Picking
Purchase order lead time
Purchasing card
Qualitative analysis
Quantitative analysis
Quarantine area
Raw materials
Redundancy
Reorder point
Request for quotation
Return logistics
RFID (Radio Frequency Identification)
Safety stock (Buffer tsock)
Service level agreement (SLA)
Silo working
Single piece flow
Six sigma
Stock keeping unit (SKU)
Stock profile
Stock turn/stock turnover
Stockout
Stocktake
Stockyard
Stores
Supplier relationship management
Tail spend
Tender
Time bucket
Time series
Total cost of ownership (TCO)
Total quality management (TQM)
Tote box
Triple bottom line
Unit load
Warehouse
Warranty
Waste
What if analysis
Work in process (WIP)
Working capital
Written off / to write off
Zoning
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;