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

3-Way Delivery Verification
40/30/30 rule
4PL
80-20
ABC classification
B2B
B2C
BAC
Backflush
Backflush costing
Cache
CAD
CAD/CAM
CAE
Cage
Dampeners
Dark factory
Dashboard
Data
Data acquisition
EAC
EAP
Earliest due date (EDD)
Earliest operation due date (ODD)
Earliest start date
Facilities
Facility layout
Facility master planning
Facility planning
Fabrication
G&A
GAAP
Gain sharing
Gain sharing plans
GAMP
Handling cost
Hansei
Hard automation
Hard copy
Hardware
I2M
IATA
ICC
Ideal quality
Identification of obsolete capital assets
Java
Jidoka
Jig
Jishuken
JIT
Kaizen
Kaizen blitz®
Kaizen event
Kanban
Kata
L4L
Labor
Laboratory Order
Labor Claim
Labor Cost
M4SC
Machine Attachments
Machine Center
Machine Downtimes
Machine Flexibility
n
N7
NAFTA
National Association of Purchasing Management (NAPM)
Nationalization
Obeya
Objective Function
Object-Oriented Programming (OOP)
Obligated Material
Observational Research
P:D Ratio
PAC
Pace Rating
Pacing Process
Package To Order
QCD
Q Chart
QFD
QRM
QRP
R&D
R&D Order
RACI (Responsible, Accountable, Consulted, And Informed) Analysis
Rack
Racking
S&OP
SA8000
SaaS
Safety Capacity
Safety Data Sheet (SDS)
T&M
Tactical Buying
Tactical Plan(S)
Tactical Planning
Tact Time
Ubiquity
U Chart
UCL
UDE
U-Lines
Valid Schedule
Valuation
Value
Value Added
Value-Added Network (VAN)
Wagner-Whitin Algorithm
Waiting Line Theory
Wait Time
Waiver
Walkthrough
X-Bar Chart
Yard Management System (YMS)
Yellow Belt
Yellow Zone
Yield
Yield Factor
Zero-Based Budgeting
Zero Defects

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;