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

Assets future economic benefit
Asset value
Assignable cause
Assignable variation
Assigned material
Broker
Browser
Bubble chart
Bucket
Bucketed system
Bucketless system
Consignor
Consolidation
Consolidation warehouses
Consolidator
Consortia trade exchanges (CTX)
Consortium
Constant
Constrained optimization
Constraint
Constraint accounting
Constraint-oriented finite loading
Constraints management
Constraint theory
Consular invoice
Consumables
Consumable tooling, supplies
Consumer
Detail file
Detention
Deterioration
Deterministic models
Exempt carrier
Exempt employee
Exempt positions
Forecast
Forecast accuracy
Forecast bias
Mix Number
Mix Ticket
Modular Architecture
Modular Bill Of Material
Modular Design Strategy
Modularization
Modular System
Module
Molds
Process Control Chart
Process Controllers
Process Costing
Process Decision Program Chart
Process Design
Process Engineering
Process Flexibility
Process Flow
Process Flow Analysis
Process Flowchart
Process Flow Diagram
Process Flow Production
Process Flow Scheduling
Process Focused
Process-Focused Organization
Process-Focused Production
Process Hours
Process Improvement
Process Industries
Process Integration
Process Layout
Risk Response Planning
Risk Tolerance
RMA
Single-Source Supplier
Single Sourcing
SIPOC
Six Sigma
Six Sigma Quality
Skew
Skill-Based Compensation
Skills Inventories
Skills Matrix
SKU
SLA
Slack
Slack Time
Slack Time Rule
Slip Sheet
Slot Based Production
Slow-Moving Items
Smallest Processing Time Rule
Small Group Improvement Activity
SMART
Smart Label
SMED
Smoothing
Smoothing Constant
Smoothing Factor
Smoothing Inventories
Smoothing Model
SOA
Social Responsibility
Software-As-A-Service (Saas)
Sole Proprietorship
Sole Source
Sole-Source Supplier
Solid Waste Generated
Sorting
Source
Source Document
Source Inspection
Sourcing
Sourcing Decisions
Southern Common Market (Mercosur)

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;