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

Anti-bribery regulations
Anticipated delay report
Anticipation inventories
Anticipation order
Anti-dumping duty
Any-quantity rate
Blueprint
Blue sky
Body of knowledge
Boilerplate
BOM
Bond
Chart of accounts
Chase-demand strategy
Chase production method
Chase strategy
Check digit
Checking
Checklist
Check sheet
Churn
Churn reduction
CIF
CIM
Circular economy
CIRM
CISG
City driver
Density
Departmental stocks
Department of Transportation (DOT)
Department overhead rate
Dependent demand
Equipment class
Equity
Equivalent days
Equivalent unit cost
Equivalent units
Ergonomics
Flexible capacity
Flexible machine center (FMC)
Flexible manufacturing system (FMS)
Flexible path equipment
Flexible specialization
Flexible workforce
GTIN
International Financial Reporting Standards (IFRS)
International logistics
International Organization for Standardization (ISO)
International procurement office (IPO)
International standards
International Traffic in Arms Regulations (ITAR)
Internet
Internet of things (IOT)
Lot Cost
Lot-For-Lot (L4L)
Lot Number
Lot Number Control
Materials Handling
Materials Handling System
Materials Handling Time
Materials Management
Material Specification
Materials Requisition
Materials System
Material Sublot
Order Point/Order Quantity System
Order Point System
Order Policy
Order Policy Code
Order Preparation
Order Preparation Lead Time
Order Priority
Order Processing
Order Processing And Communication
Order Promising
Order Qualifiers
Order Quantity
Order Quantity Modifiers
Order Release
Piggyback
Pilot
Pilot Lot
Pilot Order
Pilot Plant
Pilot Test
Pipeline Inventory
Pipeline Stock
Place
Place Utility
Plan
Resource-Limited Scheduling
Resource Management
Resource Planning
Resource Profile
Resource Requirements Planning
Service Level
Service Level Agreement (SLA)
Service-Oriented Architecture (SOA)
Service Parts
Traceability
Tracer
Tracing
Tracking

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;