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

ASCII
ASN
ASP
ASQ
ASQC
Branch warehouse
Branch warehouse demand
Branding
Brand loyalty
Brand manager
Brand name
Company culture
Compensation
Compensation laws
Competitive advantage
Competitive analysis
Competitive benchmarking
Competitive bid
Competitive differentiator
Competitive edge
Competitive intelligence
Competitive strategy–
Complete and on-time delivery (COTD)
Component
Design for manufacture and assembly (DFMA)
Design for manufacturing
Design for quality
Design for remanufacture
Design for remanufacturing
Event-on-node network
Everyday low prices (EDLP)
Exception management
Exception message
Flow time
Flow time efficiency
FLSA
Fluctuation inventory
Fluctuation stock
FMA
Inventory visibility
Inventory write-off
Invitation for bid (IFB)
Invoice
Involuntary services
Milestone
Milestone Chart
Milestone Schedule
Military Standards
Milk Run
Mini-Land-Bridge Traf
Minimum Cost Order Quantity
Minimum Inventory
Outsourced Cost Of Goods Sold
Outsourcing
Pooling
POP
Population
Portal
Portfolio
POS
Positioning Strategy
Possession Utility
Post Deduct
Post-Deduct Inventory Transaction Processing
Postponement
Post-Release
Post-Transaction Elements
Potency
PPAP
PPB
PPP
Practices
Precedence Relationship
Predatory Pricing
Predecessor Activity
RFM
RFP
RFQ
Right The First Time
Right-To-Work State
Risk Acceptance
Risk Adjusted Discount Rate
Risk Analysis
Risk Appetite
Risk Avoidance
Risk Breakdown Structure
Shewhart circle of quality
Shewhart cycle
Shingo’s seven wastes
Ship-age limit
Ship-to-stock 
Transmission Acknowledgement
Transmission Control Protocol/Internet Protocol (TCP/IP)
Transparency
Transportation
Transportation Brokers
Transportation Cycle Time
Transportation Inventory
Transportation Legal Classifications
Transportation Management
Transportation Management System (TMS)
Transportation Method


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;