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

Added value
Automatic identification and data capture (AIDC)
Benchmarking
Big data
Blockchain
Bullwhip effect
Business intelligence (BI)
Business process re-engineering (BRP)
Collaboration
Collaborative planning, forecasting and replenishment (CPFR)
Competences
Continuous replenishment
Cost-responsiveness fronter
Data integration
Decoupling point
Deliverables
Demand planning
Demand uncertainty
Design thinking
Desired or target cost
Development
Disruptive change
E-commerce
Early market advantage
Exogenous
Fast capitalism
Flow of items
Globlisation
Green transportation
Horizontal alignment
Incremental change
Internet of things (IoT)
Lag measure
Learning organisation
Learning specification
Level schedule
Life cycle
Linkages
Logistics
Long thin process
Market
Multiple sourcing
Network optimistion modelling
Network sourcing
Partnership
Person specification
Physical network
Positioning
Price elasticity of demand
Product and service mix
Product variety
Pull-based system
Quota
Radio-frequency identification (RFID)
Reactive capacity
Recency
Redundancy
Resource-based view (RBV)
Return on investment (ROI)
Reverse logistics
Risk management
Segmentation
Self-administered survey
Sense-making
Short fat process
Silos
Single sourcing
Six sigma
Social learning
Strategic fit
Strategy
Supply chain capabilities
Supply chain design
Supply chain flows
Supply uncertainty
System perspective
Tactics
Targeted segmentation
Tariff
Tier
Trade-off
Training
Value chain
Value stream
Value stream mapping
Vendor-managed inventory (VMI)
Verbally-administered survey
Vertical alignment
Vertical trading
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;