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

Arbitrage
Arithmetic mean
Arrival
Arrival date
Arrival rate
Bottom-up planning
Bottom-up replanning
Bounded
Box-Jenkins model
Box Maker’s Certificate (BMC)
Co-location
Co-managed inventory (CMI)
Commercial driver’s license (CDL
Combined lead time
Commercial invoice
Commercial-off-the-shelf (COTS)
Commercial speech
Committed capability
Commodity
Commodity buying
Commodity procurement strategy
Commodity rate
Deseasonalized data
Deshi
Design
Design chain operations reference (DCOR)
Design changeover flexibility
Euro
Eurobond
Eurocurrency
Eurodollar
European Union (EU)
Flow diagram
Flow line
Flow manufacturing
Flow order
Flow plant
Inventory financing evaluation
Inventory investment
Inventory issue
Inventory management
Inventory management system
Inventory management training
Inventory optimization
Inventory optimization software
Inventory ordering system
Inventory planner
Inventory planning
Lot-Size Inventory Management Interpolation Technique (LIMIT)
Lot-Size System
Median
Mediation
Mental Model
Merchandising
Merchants
Mercosur
Merge In Transi
Merger
MES
Message Distribution
Metered Issues
Methods Analysis
OS&D
OSHA
OSI
OTED
OTIF
Outbound Consolidation
Outbound Logistics
Outbound Stockpoint
Outlier
Out-Of-Control Process
Out-Of-Pocket Costs
Out Of Spec
Planning Board
Planning Calendar
Planning Fence
Planning Horizon
Planning Time Fence
Planning Values
Planogram
Plan Source
Plan Stability
Plant Finished Goods
Plant Layout
Plant Rate
Plant Within A Plant
Platform Products
Return Material Authorization (RMA)
Return Merchandise Authorization
Return On Assets (ROA)
Return On Investment (ROI)
Return On Net Assets
Return On Owner’s Equity (ROE)
Return On Supply Chain Fixed Assets
Return On Working Capital
Returns
Returns Inventory Costs
Returns Management Process
Returns Processing Cost
Return To Supplier
Setup Lead Time
Setup Time
Seven New Tools (N7)
Seven Tools Of Quality
Seven Zeros
Transfer Batch
Transfer Price
Transfer Pricing
Transformation Process
Transformation System
Transient Bill Of Material
Transient State


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;