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

Acceptability
Accounts receivable
Acquisition
Balance sheet
Balanced scorecard
Business model
Capital requirements
Cash flow
Central banks
Co-ordination of activities
Collaboration
Commercial banks
Commercial corporations
Commodity
Competitive advantage
Competitive interdependence
Competitive position
Complex conditions
Conceptual skills
Configuration of activities
Core competencies
Corporate social responsibility (CSR)
Critical mass
Critical success factors (CSFs)
Currency speculators
Current account
Current assets
Current liabilities
Customer switching costs
Debt instrument
Derivative
Differentiation
Diffusion of innovation
Discrimination
Dismissal
Diversification
Diversity
Divesting
Due diligence
Duty
Dynamic conditions
Economies of scale
Economies of scope
Effectiveness
Efficiency
Emergent strategy
Entrepreneurship
Equality
Exchange rate
Experience curve
Exports
Feasibility
Financial institutions
Financial management
Financial responsibility
Five forces framework
Fixed assets
Fixed or tangible assets
Fixed working capital
Futures
George Yip’s globalistion framework
Goal
Government debt
Grand strategy
Growth strategy
Harvesting
Hostile takeover
Human resource
Human resource planning
Imports
Incremental strategy development
Innovation
Insolvency risk
Institutional investors
Integration
Integration
Intended strategy
International strategy
Internationalisation
Internationalisation drivers
Key performance indicators (KPIs)
Liquidating
Living wage
Logical incrementalism
Macro environment (remote environment)
Management information system (MIS)
Market growth rate
Market share
Maturities
Merger
Minimum wages
Mission
Modern slavery
Monopoly
Net working capital (NWC)
Non-Current assets
Note
Objective
Operating capital
Operating charter
Operational management
Organic development
Organic internal growth
Organisational learning
Organisational politics
Organisational structure
Outcome measurement
Overtime
Parental fit
Payment
Penetration pricing
Permanent current assets
Permanent working capital
Political activity
Porter’s five forces
Portfolio
Portfolio techniques
Position audit
Process development
Product life cycle
Protectionism
Public issue
Realised strategy
Redundancy
Relative market share
Reliability
Research and development (R&D)
SHRM
Simple conditions
Situation analysis
Skimming pricing strategy
SMARTER
Speculator
Stakeholder view
Static conditions
STEEPLED
STEEPLED analysis
Strategic business units (SBUs)
Strategic decisions
Strategic implementation
Strategic management
Strategic recruitment
Strategy
Strategy canvas
Suitability
Supply chain ecosystem
Supply chain success
Synergy
Tactical level
Takeover
Tariff
Technology
Trade execution
Training and development
Unrealised strategy
Upstream
Validity
Valuation
Value chain analysis (VCA)
Value networks
Venture capitalist (VC)
Vertical integration
Vision
Working capital
Working time

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;