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

Arrow
Arrow diagram
Arrow diagram method
Artificial intelligence (AI)
ASC
BPM
BPR
Bracketed recal
Brainstorming
Branch and bound
Commonality
Common carrier
Common carrier duties
Common causes
Common cause variability
Common cost
Common law
Common material
Common parts bill
Common parts bill of material
Common-size income statement
Common variation
Communication management plan
Design cycle
Design engineering
Design for disassembly (DFD)
Design for logistics
Design for maintainability
Evaporating cloud
Event
Event-based marketing
Event-on-arrow network
Flow process chart
Flow processing
Flow rack
Flow rate
Flow shop
Inventory policy
Inventory pooling
Inventory receipt
Inventory reconciliation
Inventory record
Inventory reserve
Inventory returns
Inventory shrinkage
Inventory tax
Inventory turnover
Inventory turns
Inventory usage
Inventory valuation
Inventory velocity
Lot Sizing
Lot Splitting
Methods Study
Methods-Time Measurement (MTM)
Metric
Microeconomics
Micro-Land-Bridge Traffic
Middleware
Out Of Stock
Outpartnering
Output
Output Control
Output Standard
Outside Shop
PLC
PLCOR
Pledging Of Accounts Receivable
PLM
Plossl’s law of lead time
PMBOK®
POD
Point-Of-Purchase (POP) Display
Point Of Sale (POS)
Point-Of-Sale Information
Point-Of-Use Delivery
Point-Of-Use Inventory
Point-Of-Use Storage
Point Reporting
Poisson Distribution
Poka-Yoke (Mistake-Proof)
POLCA
Policies
Policy Constraint
Political Environment
Reuse
Revenue
Reverse Auction
Reverse Engineering
Reverse Flow Scheduling
Reverse Logistics
Reverse Logistics Service
Reverse Supply Chain
Review Period
Revision Level
Rework
Rework Lead Time
Rework Order
RFID
SG&A
Shape
Shared services
Shareholder wealth
Shelf life
Shelf life control
Transit Inventory
Transition Tree (TRT)
Transit Privilege
Transit Time
Translation Software

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;