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

Absentee rat
Accelerated depreciation
Accept
Acceptable outgoing quality level (AOQL)
Back scheduling
Backsourcing
Backup/restore
Backup support
Backward integration
Calibration
Calibration frequency
Call center
CAM
Campaign
Data date
Data dictionary
Data element
Data file
Data governance
Earmarked material
Earned hours
Earned value
Earned value method
Earned volume
Facility layout
Facility master planning
Facility planning
Factory within a factory
Failsafe techniques
Gateway
Gateway operation
Gateway work center
GATT
Gauge
Hazardous materials
Hazardous waste
Hazmat
Health, Safety, and Environment (HSE)
Hedge
IIE
Imbalanced load
IMC
Imperfection
Implementation
Job costing
Job description
Job design
Job enlargement
Job enrichment
Kit
Kitted material
Kitting
Knowledge-based system
Knowledge creation
Labor Rate Variance
Labor Standard
Labor Ticket
Labor Usage Variance
Labor Voucher
Machining Center
Macro Environment
MAD
Maintainability
Maintenance, Repair, And Operating (MRO) Supplies
Need Date
Negative Float
Negligence
Negotiation
Nemawashi
Ocean Bill Of Lading
OCR
OD
ODD
OECD
Paired-Cell Overlapping Loops Of Cards With Authorization (POLCA)
Pallet
Pallet Jack
Pallet Positions
Pallet Rack
Quality Assurance/Control
Quality At The Source
Quality Audit
Quality Characteristic
Quality Chart
Random Access
Random Cause
Random Component
Random Events
Random-Location Storage
Sale-And-Leaseback
Sales And Operations Planning (S&OP)
Sales Cycle Time
Sales Forecast
Sales Mix
Tank Inventory
Tapering Rate
Tardiness
Tare Weight
Target Costing
Undesirable Effects (UDE)
Unfair Labor Practice
UN Global Compact Management Model
Uniform-Delivered Pricing
Uniform Plant Loading
Value Chain
Value Chain Analysis
Value Chain Initiative
Value Delivery Network
Value-Driven Enterprise
Warehouse Automation
Warehouse Demand
Warehouse Management And Transportation Execution Systems
Warehouse Management System (WMS)
Warehouse Receiving
Yokoten
Zone Of Freedom
Zone Picking
Zone Price

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;