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

Aggregate lead time
Aggregate plan
Aggregate planning
Aggregate production plan (APP)
Aggregate reporting
Aggregate unit of capacity
Aggregation
Agile manufacturing
Bill of lading (master) (B/L)
Bill of lading (uniform) (B/L
Bill of material (BOM)
Bill-of-material accuracy
Bill of material audit and control
Bill-of-material explosion
Central limit theorem
Central point scheduling
Central processing unit (CPU)
Central storage
CEP
Certificated carrier
Delivery speed
Delivery window
Delphi method
Demand
Demand-based order quantity
Demand chain
End-item
End-of-life-inventory
End-of-life management
End product
End user
End-user computing
Enforced problem-solving
First-tier supplier
Fishbone analysis
Fishbone chart
Fishbone diagram
Fishy back
Fitness for use
Five focusing steps
Group technology (GT)
Group technology work cells
Hypertext transfer protocol (HTTP)
In-process waiver requests
Input
Input control
Input/output analysis
Input/output control (I/O control)
Input/output devices
Input rate capacity
Insourcing
Line Balancing
Line Efficiency
Line Functions
Line Haul
Line Haul Costs
Line Item
Line Loading
Line Manager
Market Segmentation
Market Share
Market Strategy
Market Surveys
Market Targeting
Market Value-Added
Operation Start Date
Operation Time
Operator Flexibility
Opportunity Cost
Optical Character
Optical Character Recognition (OCR)
Optical Scanning
Performance Objectives
Performance Rating
Performance Standard
Performance Variance
Performing Organization
Period Capacity
Period Costs
Repetitive Industries
Repetitive Manufacturing
Repetitive Process
Repetitive Production
Replacement Cost
Replacement Cost Systems
Replacement Factor
Replacement Order
Replacement Parts
Replan Cycle
Seasonal Variation
SEC
Secondary Highways
Second-Order Smoothing
Second-Tier Suppliers (Or Customers)
Secular Trend
Secure Electronic Transaction (SET)
Secure Server
Securities And Exchange Commission (SEC)
SED
TL
TMS
TOC
TOC Performance Measures
TOFC
Volume Flexibility
World Trade Organization (WTO)

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;