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.
Acceptable quality level (AQL)
Acceptable sampling plan
Acceptance criteria
Acceptance number
Acceptance plan
Backward pass
Backward scheduling
Bad-debt loan ratio
Balance
Balance and firm capacity within horizon
Cancellation charge
Can-order point
Capability study
Capable-to-promise (CTP)
Capacity
Data integrity
Data mining
Data normalization
Data transfer
Data warehouse
Earnings before interest and taxes (EBIT)
Earnings before taxes (EBT)
EBIT
EBPP
EBT
Failsafe work methods
Failure analysis
Failure costs
Failure mode analysis (FMA)
Failure mode effects analysis (FMEA)
GDSS
Gemba
Gemba walk
Genchi genbutsu
General and administrative expenses (G&A)
Hedge inventory
Hedging
Heel
Heijunka
Helper application
Implied authority
Implied contract
Implied warranty
Implode
Implosion
Job grade
Job lot
Job order
Job order costing
Job progress chart
Knowledge management
Knowledge management tool
Knowledge worker
KPI
Kraljic matrix
Lading
Lag Capacity Strategy
Laid-Down Cost
LAN
Land Bridge
Maintenance, Repair, And Overhaul (MRO)
Major Setup
Make
Make-Or-Buy Cost Analysis
Make-Or-Buy Decision
Nervousness
Nesting
Net Assets
Net Change MRP
Net Income (Loss)
OEE
OEM
Offal Material
Offer
Off-Grade
Pallet Ticket
Panel Consensus
Paperless Purchasing
Parallel Conversion
Parallel Engineering
Quality Circle
Quality Control
Quality Control Circle
Quality Costs
Quality Engineering
Random Numbers
Random Sample
Random Variation
Range
Range Chart
Sales Operations Management
Sales Order Configuration
Sales Order Number
Sales Plan
Sales Planning
Target Inventory Level
Target Market
Target Marketing
Tariff
Task
Uniform Product Code
Uniform Resource Locator (URL)
Uniform Warehouse Receipts Act
Union Contract
Union Free
Value Engineering And/Or Analysis
Value Index
Value-Of-Service Pricing
Value Of Transfers
Value Perspective
Warehouses (Distribution Centers)
Warehouse Storage
Warehousing
Warranty
Warranty Costs
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;