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

AS/RS
Assays
Assemble-to-order (ATO)
Assembler
Assembly
Brand plan
Brand recognition
Breadman
Break-bulk
Break-bulk warehousing
Component availability
Component lead-time offset
Composite lead time
Composite manufacturing lead time
Composite part
Composite yield
Composition
Compound interest
Compound yield
Comptroller
Design for reverse logistics
Design for service
Design for six sigma
Design for the environment (DFE)
Design for the supply chain
Exception report
Excess capacity
Excess inventory
Excess issue
FMAPE
FMC
FMEA
FMECA
FMS
I/O
IOR
IOT
IPO
Lot Tolerance Percent Defective (LTPD)
Lot Traceability
Minimum Order Quantity
Minimum Weight
Min-Max System
Minor Setup
MIS
Misguided Capacity Plans
Mission
Mission Statement
Mistake-Proofing
Mix
Mix Control
Mixed-Flow Scheduling
Over, Short, And Damaged (OS&D) Report
Overall Equipment Effectiveness (OEE)
Pre-Deduct Inventory Transaction Processing
Predetermined Motion Time
Predetermined Time Standards
Predictable Maintenance
Prediction
Predictive Maintenance
Pre-Expediting
Preferred Stock
Preferred Supplier
Prepaid
Pre-Receiving
Prerelease
Prerequisite Tree (PRT)
Present Value
Pre-Transaction Elements
Prevention Costs
Prevention Versus Detection
Preventive Maintenance
Risk Category
Risk Management
Risk Management Planning
Risk Mitigation
Risk Pooling
Risk Rating
Shipper’s export declaration (SED)
Shipper-Carriers
Shipping
Shipping Lane
Shipping Lead Time
Shipping Manifest
Shipping Order Debit Memo
Shipping Point
Shipping Tolerance
Shitsuke
Shojinka
Shop Calendar
Shop Committee
Shop Floor Control
Shop Order
Shop Order Close-Out Station
Shop Order Reporting
Shop Packet
Shop Planning
Shop Scheduling
Transportation Mode
Transportation Requirements Planning (TRP)
Transport Stocks
Traveler
Traveling Purchase Requisition
Traveling Requisition


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;