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

Annual inventory count
Annualized contract
Annual percentage rate
Annual physical inventory
Annuity
ANOVA
ANSI
ANSI Z.10
Anti-boycott regulations
Blocked operations
Blocking
Blocking bug
Block scheduling
Block stacking
Block system
Blowthrough
Channel
Channel conflict
Channel equity
Channel integration
Channel partners
Channels of distribution
Characteristics-based forecasting (CBF)
Charge
Chargeback provisions
Charge ticket
Demographics
Demographic segmentation
Demonstrated capacity
Demurrage
Denied party list
Equal employment opportunity (EEO
Equal Employment Opportunity Commission (EEOC)
Equal protection clause
Equal runout method
Equal runout quantities
Equilibrium point
Flatcar
Flexibility
Flexibility responsiveness
Flexible automation
Flexible capability
GT
Intermodal marketing companies (IMCs)
Intermodal transport
Internal controls
Internal customer
Internal environment
Internal failure costs
Internal rate of return
Internal setup time
Internal supply chain
Internal water carrier
International Air Transport Association (IATA)
International company
Longest-Task-Time (LTT) Heuristic
Long-Term Planning
Long-Term Production Plan
Long Ton
Loose Standard
Loss Leader Pricing
Loss To Society
Lost Sale
Lost Time Factor
Lot
Lot Control
Material Requisition
Material Review Board (MRB)
Material Safety Data Sheet
Materials
Materials Efficiency
Order-Oriented Finite Loading
Order Penetration Point
Order Picking
Order Placement
Order Point
Pick-To-Voice System
Pickup And Delivery Costs
Piece Parts
Piece Rate
Piece Rate Pay System
Piecework
Resource Breakdown Structure
Resource Calendar
Resource-Constrained Schedule
Resource Contention
Resource Driver
Resource Leveling
Resource Limited Schedule
Serial Number
Serial Shipping Container Code
Serpentine Picking
Server
Server Address
Server Factory
Service
Serviceability
Service Blueprint
Service Bureau Model
Service Capacity
Service Factor
Service Function
Service Industry
Total Value Analysis
Total Variable Costs
Total Waste Management (TWM)
Touches
Touch Labor
Toyota Production System (TPS)
TPM
TPOP
TPS
TQC
TQE
TQM

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;