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

Accumulation bin
Accuracy
Acid test ratio
Acknowledgment
Balking
Bandwidth
Barcode
Barcoding
Barge
Capacity-related costs
Capacity required
Capacity requirements
Capacity requirements plan
Capacity requirements planning (CRP)
D chart
DDMRP
DDP
Deadhead
Debenture
Economic lot size
Economic order quantity (EOQ)
Economic value added
Economy of scale
Economy of scope
Fault tolerance
Fault tree analysis
FCL
Feasibility study
Feasible economic order quantity
Geographical information system (GIS)
GERT
GHS
Globalization
Globally Harmonized System of Classification and Labelling of Chemicals (GHS)
Holding company
Holding costs
Hold points
Holonic network
Homogeneous product
Impulse response
Inactive inventory
Inbound inventory
Inbound logistics
Inbound return material authorization
Joint venture
Juran Trilogy
Jurisdiction
jury of executive opinion
Just in time (JIT)
Layoff
Layout
LBO
L/C
LCA
Man-Hour
Manifest System
Manual Rescheduling
Manufacturability
Manufacturer’s Agent
Network
Network Analysis
Network Chain
Network Design
Network Diagram
One-Piece Flow
One-To-One Marketing
One-Touch Exchange Of Die (OTED)
On-Hand Balance
Online Processing
Pareto Chart
Pareto Diagram
Parity
Parking Lot
Par Level
Quantity Per
Quarantine
Quasi Manufacturing
Question Mark
Queue
Raw Material
Raw Materials Inventory
RCCP
R Chart
Reach
Sampling
Sampling Distribution
Sampling Plan
Sawtooth Diagram
SBQ
Technical/Office Protocol (TOP)
Technologies
Technology Transfer
TEI
Telecommunications
Unit-Of-Measure Conversion
Unit-Size
Units-Of-Production Depreciation
Universality
Universe
Variables Data
Variable Yield
Variance
Variation
VATI Analysis
Web Page
Web Services
Weight Confirmation
Weighted-Factor Rating Model
Weighted Moving Average

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;