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.
Acceptance sampling
Accessibility
Accessorial charges
Accessory
Accident prevention
Balance delay
Balanced scorecard
Balance-of-stores record
Balance of trade
Balance sheet
Capacity available
Capacity bill procedure
Capacity buying
Capacity-constrained resource (CC
Capacity control
Date code
Date effectivity
Days of supply
Days outstanding
Days payable outstanding (DPO)
E-business
E-cash
E-catalogs
Echelon
E-commerce
Failure mode effects and criticality analysis (FMECA)
Fair Labor Standards Act (FLSA)
Fair return
Fair-share quantity logic
Family
Generally accepted accounting principles (GAAP)
Generally accepted manufacturing practices (GAMP)
General cargo ship
General merchandise warehouse
General-purpose machinery
Heuristics
Hierarchical database
High-level language (HLL
High-occupancy vehicle (HOV) lanes
Hi-low
Import broker or sales agent
Importer of record (IOR)
Import/export license
Import license
Import merchant
Job sequencing rules
Job shop
Job shop layout
Job shop scheduling
Job status
Landed Cost
Lap Phasing
Last In, First Out (LIFO)
Late Finish Date (LF)
Lateness
Make-To-Order
Make-To-Stock
Malcolm Baldrige National Quality Award (MBQA)
Management
Management By Objectives (MBO)
Net Inventory
Net Operating Cash Flow
Net Operating Income
Net Operating Profit After Taxes (NOPAT)
Net Present Value (NPV)
Offline
Offload
Offset Quantity
Offsetting
Offshore
Parallel Implementation Strategy
Parallel Schedule
Parameter
Parameter Design
Parametric Estimating
Quality Function Deployment (QFD)
Quality Loss Function
Quality Policy
Quality Score Chart
Quality Tree
Rapid Prototyping
Rapid Replenishment
Rate-Based Scheduling
Rate Basis Point
Rated Capacity
Sales Promotion
Sales Quota
Sales Representative
Salvage
Salvage Value
Task Interleaving
TBC
TBL
TCO
TCP/IP
Union Shop
Unit Cost
United Nations Global Compact
Unitization
Unit Load
Value Stream
Value Stream Map
Value Stream Mapping
Valve Inventory
VAN
Warranty Of Merchantability
Waste
Waste Exchange
Waste Hierarchy
Waterspider
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;