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

Application service provider (ASP)
Applications software
Application system
Application-to-application
Appraisal
Appraisal costs
Appreciation of a currency
Book value
Boolean algebra
Bottleneck
Bottleneck operation
Bottom-up estimating
Closely held
Closeness ratings
Cloud computing
CMI
CNC
Coastal water carrier
Co-design
Co-destiny
Coefficient of correlation
Coefficient of determination
Coefficient of variation
COFC
COGS
Collaborative forecasting
Collaborative inventory planning
Collaborative planning
Collaborative planning, forecasting, and replenishment (CPFR
Collaborative supply relationship
Collaborative transportation management
Collective bargaining
Derived demand
Description by brand
Description by market grade/industry standard
Description by performance characteristics
Description by specification
Estimate of error
Estimate to complete (ETC)
ETC
Ethical procurement
Ethical sourcing
Ethical standards
Floor-ready merchandise
Floor stocks
Flowchart
Flowcharting
Flow control
Guarantee
Intrinsic forecast method
Inventory
Inventory accounting
Inventory accuracy
Inventory adjustment
Inventory and supply optimization
Inventory balance location accuracy
Inventory buffer
Inventory control
Inventory conversion period
Inventory costs
Inventory cushion
Lot-Size Code
Lot-Size Inventory
Lot-Size Inventory Management Interpolation Technique (LIMIT)
Maximum Order Quantity
MBNQA
MBO
MBWA
M-day calendar
M-days
MDS
Mean
Mean Absolute Deviation (MAD)
Mean Absolute Percent Error (MAPE)
Mean Squared Error (MSE)
Mean Time Between Failures (MTBF)
Organizational Change Management
Organizational Design
Organizational Development (OD)
Organizational Environment
Organization Chart
Plan Make
Planned Adjustment Factor
Planned Finish Date
Planned Issue
Planned Issue Receipt
Planned Load
Planned Order
Planned Order Receipt
Planned Order Release
Retailer
Retail Method
Retainage
Retention Efficiency
Retirement Of Debt
Service Reliability
Service Response Logistics
Service Time
Service Vs. Investment Chart
Trading Company
Trading Partner
Trading Partner Agreement
Traffic
Traffic Department


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;