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

Backhaul
Batching
Break bulk
Bullwhip effect
Centralised inventory holding
Closed loop supply chains
Contingency plan
Contract of affreightment
Credit terms
Customer churn
Cyber risks
Cycle stocks
Decoupling point
Demand single
Demurrage
Dynamic capabilities
Echo chamber
Economies of scale
Effectiveness
Efficiency
Enterprise architecture
Express cause
Flow of items
Fourth industrial revolution
Fragmentation
Geopolitical
Global governance
Global logistics
Global trading agreements
Hard management
Infromation flow
International arbitration
International commercial terms (Incoterms)
Internet of things (IoT)
Inventory handling
Inventory holding costs
Layering
Lean end-to-end supply chain
Letter of credit (LC/LOC)
Logistics postponement
Manufacturing postponement
Mentality
Omni-channel
Platform
Postponement strategy
Precedent
Predictive maintenance
Product obsolescence
Reconfiguration process
Recoverable manufacturing
Regionalised inventory holding
Remanufacturing
Risk management protocol
Service response logistics
Sole trading agreements
Supply single
The vienna convention (CISG)
Tier 1 suppliers
Tier 2 suppliers
Tiering
Time charter
Time horizon
Total landed cost
Trade-offs
Transaction exposure
Transport
Transport optimisation modelling
Turnkey contract
Value chain
Value stream mapping
Vertical disintegration
Volatility
Voyage charter
World trade organization
Zero-sum

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;