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

Administrative contracting officer
ADU
Advanced data visualization and visibility
Advanced manifest rule (AMR)
Advanced planning and scheduling (APS)
Advanced planning system (APS)
Advanced production system (APS
Advance material request
Bias
Bid
Bid evaluation
Bid pricing
Bid proposal
Big data
Catchball
Categorical plan
Category management
Causal forecast
Cause-and-effect diagram
Caveat emptor
Degrees of freedom
Dekitting
Delayed differentiation
Delay inbound supplier shipments
Delay report
Electronic signature
Electronic technical orders and product specifications
Embargo
Embed specialized services
Embezzlement
Finish-to-finish
Finish-to-order (FTO)
Finish-to-start
Finite forward scheduling
Finite loading
Grievance procedures
Gross inventory
Gross margin
Gross national product (GNP)
Gross profit
Hypermedia
Hypertext
Inefficiency risk
Infinite loading
Infinite scheduling
Inflation
Influence filter
Informal culture
Liabilities
Licensing
Life Cycle Analogy Method
Life Cycle Analysis
Life Cycle Assessment (LCA)
Life Cycle Costing
Life Testing
LIFO
Lighter
Market Boundary
Market Demand
Market Dominance
Market-Driven
Market Hedge
Marketing
Marketing Channel
Marketing Cost Analysis
Marketing Management
NP Chart
NSN
NTED
Number Defective Chart
Number Of Affected Units Chart
Operation Overlapping
Operation Priority
Operation/Process Yield
Operation Reporting
Operations
People Involvement
PE Ratio
Perceived Quality
Percent Chart
Percent Completed
Reliability Engineering
Remanufactured Parts
Remanufacturing
Remanufacturing Resource Planning
Remedial Maintenance
SCOR performance attribute
SCOR processes
SCOR proficient
SCOR team leader
Scrap
Time-Phased Order Point (TPOP)
Time Phasing
Time Series
Time Series Analysis
Time Series Forecasting
VOC
VOI
Work Ticket
World-Class Company

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;