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

Activity
Activity analysis
Activity attributes
Activity-based budgeting (ABB)
Activity-based costing (ABC)
Base inventory level
Baseline 
Baseline forecast
Baseline inventory monitoring
Baseline measures
Capital asset
Capital budgeting
Capital expenditure
Capital-intensive
Capital rationing
Decentralized dispatching
Decentralized inventory control
Decentralized purchasing
Decision matrix
Decisions under certainty
Edutainment
EEO
EEOC
EF
Effective capacity
Federal Maritime Commission (FMC)
Federal Trade Commission (FTC)
Fee
Feedback
Feedback loop
Global sourcing
Global strategy
Global supply chains
Global trade identification number (GTIN)
Glocalization
Horizontal dependency
Horizontally integrated firm
Horizontal marketplace
Horizontal merger
Hoshin
Incentive pay system
Incentive rate
Income
Income statement
Incoming business
Lead-Time Alert
Lead-Time Alert Zone
Lead-Time Inventory
Lead-Time Managed Part
Lead-Time Offset
Manufacturing Capital Asset Value
Manufacturing Cycle
Manufacturing Cycle Efficiency
Manufacturing Data Sheet
Manufacturing Engineering
Network Planning
Neural Network
New Product Development Team
New Product Introduction
Newsvendor Problem
On-Time Delivery
On-Time In Full (OTIF)
On-Time Schedule Performance
Ontology
OOP
Participative Design/Engineering
Participative Management
Part Master Record
Partnering
Partner Relationship Management (PRM)
Queuing Analysis
Queuing Theory
Quick Asset Ratio
Quick Changeover
Quick Ratio
Recalls
Receipt
Receivables Conversion Period
Receiving
Receiving Point
Scanner
Scarcity
Scatter Chart
Scatter Diagram
Scatterplot
Terminal Value
Terms And Conditions
Terms Of Sale
Terms Of Trade
TEU
Upgrade
Upper Control Limit (UCL)
Upper Specification Limit (USL)
Upside Flexibility
Upside Supply Chain Adaptability
Vendor-Managed Inventory (VMI)
Vendor Measurement
Vendor-Owned Inventory (VOI)
Vendor Scheduler
Vendor Scheduling
Wholesaler
Wide Area Network (WAN)
Will Call
WIP
Withdrawal

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;