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

Acclimatization
Accountability
Account manager
Accounts receivable
Accreditation
Balancing operations
Balancing the line
Baldrige Award
Baldrige lite
Baldrige-qualified
Capacity cushion
Capacity management
Capacity pegging
Capacity planning
Capacity planning using overall factors (CPOF)
Days sale outstanding
Days sales outstanding (DSO)
DBMS
DBR
DC
Econometric model
Econometric modeling
Economic indicator
Economic infrastructure
Economic life
Family contracts
FAQs
FAS
Fast-tracking
Fault isolation
General stores
General warehouse
General warranty
Generation of dynamic bills of materials (BOMs)
Generic processing
Histogram
Historical analogy
Historical labor standard
HLL
Hofstede’s cultural dimensions theory
Imports
Imposed date
Improvement program champion
Improvement program charter
Improve phase
Job ticket
Joint order
Joint rate
Joint replenishment
Joint replenishment system
Late Order
Late Start Date (LS)
Launch Phase
Law Of Diminishing Marginal Returns
Law Of Variability
Management By Walking Around (MBWA)
Management Estimation
Management Information System (MIS)
Management Science
Managerial Accounting
Net Profit
Net Requirements
Net Sales
Netting
Net Weight
Offshore Factory
OJT
On-Demand
One-Card Kanban System
One Less At A Time
Parent
Parent/Child Relationship
Parent Item
Pareto’s Law
Pareto Analysis
Quality Trilogy
Quantitative Forecasting Techniques
Quantity-Based Order System
Quantity Discount
Quantity Discount Model
Rate Of Return On Investment
Rate Variance
Ratification
Rationalization Exercise
Rationing
Sample
Sample Average
Sample Range
Sample Size
Sample Standard Deviation
Team Design/Engineering
Teardown
Teardown Bill Of Material
Teardown Time
Technical Components
Unit Load Concept
Unit Of Driver Measure
Unit Of Issue
Unit Of Measure
Unit Of Measure (Purchasing)
VAR
Variable
Variable Cost
Variable Costing
Variable Overhead
Wave Picking
Waybill
Ways
Webcasting
Web Directory

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;