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

ABC Analysis
Adversarial
Aesthetics
Agent
Annulled
Arbitration
Assets
Balance sheet
Bespoke
Bid rigging
Bespoke
Bid rigging
Biodegradable
Booming
Boycott
Breach
Breakers
Bribery
Business case
Business to business
Buy in
Carbon footprint
Cash flow
Centralized
CIPS code of conduct
Coercion
Collaborative
Commissioning
Commodity
Company documentation
Conflict of interest (COI)
Continuing professional development
Core competencies
Corporate social responsibility
Corruption
Creditor
Damages
Dashboard
Deception
Defra
Depreciation
Deterioration
Due diligence
Early supplier involvements
Ecological
Economies of scale
Embezzlement
Empower
Ethical code of conduct
Exchange rate
Expression of interest
Fit for purpose
Five rights of procurement
Fixed asset
Fixed asset register
Fixed price
Force majeure
Fraud
GDPR
General motors
Globalization
Human rights
In house
Incoterms
Incremental
Inflation
Influence
Insurance premium
Intangible
Interest rate
Inventory
Invitation to tender
Invitation to treat
ISO 14001
ISO 9001
Joint venture
Just in TIME (JIT)
Kaizen
Key stakeholders
Kickback
Lead time
Lean manufacturing
Liabilities
Liquidity
Litigation
Livestock
Localized supply chain
Logistics
Macro environment
Mass production
Mobilization
Modern slavery
National audit office
Net income
Network
Non disclosure agreement
Off site
Offshoring
OJEU
Open book costing
Out of hours
Outcome
Output
Outsourcing
Overheads
Paperless
Pareto rule
Part exchange
PAT
Performance specification
Piece part price
Portal
Pre qualification questionnaire
Primary sector
Private sector
Professional register
Profitability
Public sector
Push back
Qualitative
Quantitative
Recondition
Remedies
Reporting framework
Request for quotation
Requisition
Return on investment (ROI)
Sample
Schedule of rates
Secondary sector
Sector
Shared directory
Siesta
Situational leadership
Skype
Staff turnover
Standard term contract
Supplier scorecard
Supply chain
Tangible
Technical specification
Tertiary sector
Time is of the essence
Tooling
Trade war
Triple bottom line
TUPE
United nations
Up time
Variance
Virtually
Warranty
WEEE
Weighted scorecard
Whistle blowing
Whole life costing

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;