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

Actual finish date
Actual start date
Actual volume
Adaptable website
Adaptive control
Adaptive network response
Benchmarking
Benchmark measures
Bench stocks
Bespoke
Best alternative to a negotiated agreement (BATNA)
Best-in-class
Cash conversion cycle
Cash cow
Cash discount
Cash flow
Cash flow management
Dedicated line
De-expedite
Defamation
Defect
Defects per million opportunities
Defects per unit
Electronic data interchange (EDI)
Electronic document
Electronic export information (EEI)
Electronic form
Electronic funds transfer (EFT)
Financial leverage management ratios
Financial management
Finish date
Finished good
Finished goods inventory
Green manufacturing
Green marketing
Green reverse logistics
Green SCOR
Green supply chain
Hybrid manufacturing process
Hybrid organizational structure
Hybrid production method
Industrial buyers
Industrial engineering
Industrial facilities management
Industrial market
Industrial revolution
Letter Of Credit (L/C)
Level
Level-Demand Strategy
Leveling
Level Loading
Level Of Effort
Level Of Service
MAPE
MAPI Method
Mapping
Margin
Marginal Analysis
Marginal Cost
Nonsignificant Part Number
Non-Value-Added
Non-Vessel-Operating Common Carrier (NVOCC)
NOPAT
Normal And Proper Usage
Operational Availability
Operational Performance Measurements
Operational Plan(S)
Operational Planning
Operation Chart
Payback Period
Pay For Knowledge
Payment Terms
Pay Point
P Chart
PDCA
PDF
Regularized Schedule
Rejected Inventory
Rejection
Relational Database
Relationship Map
Relationship Marketing
Scope
Scope Change
Scope Creep
Scope Definition
SCOR
SCOR beginner
Time And Materials (T&M) Contract
Time-Based Competition (TBC)
Time-Based Order System
Time Bucket
Time Buffer
Visits
Visual Control
Visual Inspection
Visual Management
Visual Review System
Workplace Organization
Work Rules
Work Sampling
Work Sequence

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;