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 sequencing
Actual cost of work performed
Actual costs
Actual cost system
Actual demand
Batch sheet
Baud
Bayesian analysis
BCMS
Beginning available balance
Cartel
Cascaded systems
Cascading yield loss
CASE
Ash budget
Decoupling points
Decryption
Dedicated capacity
Dedicated contract carrier
Dedicated equipment
E-learning
Electronic bill presentment and payment (eBPP)
Electronic commerce (e-commerce)
Electronic commerce application
Electronic communities
Final assembly department
Final assembly schedule (FAS)
Financial accounting
Financial benchmarking
Financial forecasting
Gray box design
Gray market
Green belt
Green field
Green logistics
Hurdle rate
Hybrid EDI
Hybrid inventory system
Hybrid layout
Indifference point
Indirect costs
Indirect labor
Indirect labor cost
Indirect materials
Indirect retail locations
Indirect procurement
Legal Environment
Lessee
Lessor
Less-Than-Container-Load (LCL)
Less-Than-Container/Carload (LCL)
Less-Than-Truckload (LTL)
Manufacturing Strategy
Manufacturing Volume Strategy
Many-To-Many Communication
MAP
Nongovernmental Organization (NGO)
Nonlinear Programming
Nonproduction Material
Nonrecurring Material
Nonscheduled Hours
Operating Exposure
Operating Leverage
Operating Profit Margin Ratio
Operating System
Operation
Patent
Path
Path Convergence
Path Float
Pattern Recognition
Payback
Refurbished Parts
Regen
Regeneration MRP
Registration To Standards
Regression Analysis
Scheduler
Schedule Variance (SV)
Scheduling
Scheduling Algorithm
Scheduling Rules
Scientific Inventory Control
Scientific Management
Throughput Accounting
Throughput Time
Tiered Workforce
Tier One
Tiger Teams
Time And Attendance
Virtual Reality
Virtual Supply Chain
Virtual Trading Exchange
Visibility
Vision
Vision Statement
Work Measurement
Work Order
Work Package

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;