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

Algorithm
Alliance development
Allocated item
Allocated material
Allocation
Allocation costing
Allocative efficiency
Allowable cost
Allowance
Allowed time
Alpha factor
Bin reserve system
Bin tag
Bin transfer
Bin trips
Bit
Birdyback
B/L
Black belt
Certificate of origin
Certificate of public convenience and necessity
Certification
Certification audits
Certified Fellow in Production and Inventory Management (CFPIM)
Certified fixtures
Demand during lead time
Demand filter
Demand forecasting
Demand forecast updating
Demand lead time
Demand management
Engineering standard
Engineer-to-order (ETO)
En route
Enterprise
Enterprise business plan reconciliation
Enterprise performance management (EPM)
Enterprise resource management
Enterprise resource planning (ERP)
Fixed cost
Fixed-cost contribution per unit
Fixed-interval order system
Fixed-interval review system
Fixed-location storage
Fixed order period system
Fixed order quantity
Groupthink
Intangible costs
Integrated business planning
Integrated carrier
Integrated change control
Integrated enterprise
Integrated internet marketing (I2M)
Integrated logistics
Integrated logistics service providers
Integrated resource management (IRM)
Little’s Law
Live Load
Load
Load Center
Load-Distance Analysis
Loading Port
Load Leveling
Load Profile
Load Projection
Local Area Network (LAN)
Master File
Master Pack
Master Planning
Master Planning Of Resources
Master Production Schedule (MPS)
Master Route Sheet
Master Schedule
Master Schedule Item
Master Scheduler
Master Scheduling
Order Batching
Order Complete Manufacture To Customer Receipt Of Order
Order Consolidation Profile
Order Control
Order Cost
Order Cycle
Order Dating
Order Delivery
Order Entry
Personal Discrimination
Personal Fatigue And Unavoidable Delay Allowance
Personnel Class
PERT
PFEP
Phantom Bill Of Material
Physical Distribution
Required Capacity
Requirements Definitions
Requirements Explosion
Requirements Traceability
Requisition
Rerouting Flexibility
Rescheduling
Rescheduling Assumption
Rescheduling Notice
Self-Directed Work Team
Seller’s Market
Selling, General, And Administrative (SG&A) Expenses
Selling And Administrative Cost
Selling Expense
Semifinished Goods
Semipassive Tag
Semiprocess Flow
Semivariable Costs
Tool Issue Order
Tool Number
Tool Order
TOP
Top Management Commitment (quality)
Total Annual Material Receipts
Total Cost Analysis
Total Cost Concept
Total Cost Consideration
Voluntary Layoff
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;