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

Activation
Active data gathering
Active inventory
Active load
Active tag
Bar graph
Barrier to entry
Baseband coax
Base demand
Base index
Capacity simulation
Capacity smoothing
Capacity strategy
Capacity utilization
Capital
Deblend
Debt
Debt-to-equity ratio
Decentralized authority
Decentralized computer network
ECR
EDD
EDIFACT
EDI For Administration, Commerce, and Transport (EDIFACT)
EDT
Feature
Feature code
Federal Aviation Administration (FAA)
Federal Energy Regulatory Commission (FERC)
Federal Motor Carrier Safety Administration (FMCSA)
Global marketing
Global measurements
Global positioning system (GPS)
Global Reporting Initiative (GRI)
Global Reporting Initiative (GRI) Reporting Framework
Honeycombing
Honeycomb loss
Hopper cars
HOQ
Horizontal carousel storage system
Inbound staging
Inbound stock point
Incentive
Incentive arrangements
Incentive contract
Just-in-time purchasing
LCL
LDI
Lead Capacity Strategy
Leading Indicator
Lead Logistics Providers (LLPs)
Lead Management Tool
Lead Time
Manufacturer’s Representative
Manufacturing
Manufacturing Authorization
Manufacturing Automation Protocol (MAP)
Manufacturing Calendar
Networking
Net Working Capital
Network Logic
Network Loop
Network Path
Online Receiving
Online Service
On Order
On-Order Stock
On-The-Job Training (OJT)
Part
Part Coding And Classification
Part Family
Partial Order
Partial Productivity Factor
Queue Discipline
Queue Length
Queue Management
Queue Ratio
Queue Time
Reactive Maintenance
Reactor
Real Property
Real Time
Reasonable Rate
SBT
SBU
Scalability
Scan-Based Trading (SBT)
Scanlon Plan
Telescoping
Tender Offer
Terminal Delivery Allowance
Terminal-Handling Charges
Terminals
Unplanned Issue
Unplanned Order
Unplanned Receipt
Unplanned Repair
Upcharges
VBM
Vehicle
Velocity
Vendor
Vendor Lead Time
Weighted-Point Plan
What-If Analysis
What-If Simulation
What You See Is What You Get (WYSIWYG)
Where-Used List

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;