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

Assembly bin
Assembly chart
Assembly lead time
Assembly line
Assembly line
Breakdown maintenance
Breakdown sheets
Break-even analysis
Break-even chart
Break-even point
Break-even time
Computer-aided design (CAD)
Computer-aided engineering (CAE)
Computer-aided inspection and test (CAIT)
Computer-aided manufacturing (CAM)
Computer-aided process planning (CAPP)
Computer-assisted software engineering (CASE)
Computer-integrated manufacturing (CIM
Computer numerical control (CNC)
Concentration
Concept phase
Concurrency
Concurrent design
Concurrent engineering
Conference room pilot
Confidence interval
Confidence level
Confidence limit
Configuration
Configuration audit
Design for X (DFX)
Designing in quality versus inspecting in quality
Design of experiments (DOE)
Design phase
Design review
Exchange rate
Exchange unit
Exclusive use
Executing processes
Executive dashboard
FOB
FOB destination
FOB origination
Focused factory
Focus forecasting
IRM
Irregular maintenance
ISDN
Ishikawa diagram
Islands of automation
Mixed Loads
Mixed Manufacturing
Mixed-Model Assembly Line
Mixed-Model Production
Mixed-Model Scheduling
Mixed Production Strategy
Mix Flexibility
Mix Forecast
Overall Factors
Overall Value At Risk (VAR)
Price
Price Analysis
Price Break
Price-Break Model
Price Discrimination
Price Elasticity
Price Erosion
Price Point
Price Prevailing At Date Of Shipment
Price Protection
Price Schedule
Price Skimming
Price To Earnings (PE) Ratio
Prima Facie
Primary Demand
Primary Location
Primary Operation
Primary Process
Primary Work Center
Prime Costs
Prime Operations
Prime Rate
Risk Register
Risk Response Plan
Shop Traveler
Shortage Cost
Shortage Gaming
Short-Cycle Manufacturing
Shortest Processing Time (SPT) Rule
Short-Haul Discrimination
Short-Range Planning Horizon
Short-Sea Shipping
Short Shipment
Travel Time
Treasury Stock
Tree Diagram
Trend
Trend Adjusted Exponential Smoothing Forecasting
Trend Analysis
Trend Component

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;