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 operations Terminologies
A priori prioritisation
Absorptive capacity
Activity System
Adaptive change
Balloon payment
Breakpoint
Change agency unit
Checkpoint reports
Closed change
Co-ordination evolution
Coercion
Cognitive dissonance
Collaboration
Collaboration evolution
Communication management strategy
Consortium
Contained change
Cost-benefit analysis
Creative evolution
Critical chain methodology
Critical factor
Culture
Delegation evolution
Deliverable
Deterministic approach
Direction
Direction evolution
Emotional intelligence
Entropy
Evolutionary change
Exogenous disruption
Expansive learning
Interchange cost
Joint venture
Line reports
Managing by exception
Matrix managing
Meta-analysis
National audit office
Open-ended change
Partnering charter
Pluralist perspective
Product owner
Programme
Project constraints
Projectification
Project initiation document (PID)
Project life cycle
Project schedule network diagram
Project viability
Projects
Reconstructive change
Refinement
Resources allocation syndrome
Resource levelling
Resource loading
Revolutionary change
Risk threshold
Scope
Scope creep
Self-efficacy
Service level agreement (SLA)
Silo Working
Slack
Social impact assessment
Social intelligence
Stability agenda
Stakeholder management
STEEPLE framework
Strategic partnering
Subcontractor
Supply chain network
Supply chain resilience
Sustainability reports
SWOT
Theory drive evaluation
Theory of constraints
Traffic light (or RAG) method
Value chain approach
White elephant
Whole system perspective
Work breakdown structure (WBS)
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;
