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

Assigned material
Assignment
Assignor
Associative forecasting
Assortment warehousing
Budget
Budget at completion (BAC)
Budgeted capacity
Budgeted cost of work performed
Budgeted cost of work scheduled
Consumer durable goods
Consumer market
Consumer price index
Consumer’s risk (ß)
Consumer surplus
Consuming the forecast
Consumption
Contact efficiency
Contactless
Container
Container design
Containerization
Container on a flatcar (COFC)
Container security initiative (CSI)
Content management applications
Contestable market
Contingency planning
Contingency reserve
Developing sustainable specification
Deviation
Dewey’s reflective thinking
DFMA
Diagnostic journey and remedial journey
Exit interview
Exogenous variable
Expansion
Forecast consumption
Forecast error
Forecast horizon
Forecasting
ISO
ISO 14000 Series Standards
Monitoring
Monopolistic Competition
Monopoly
Monte Carlo Simulation
Motion Study
Overhead
Process Manufacturing
Process Map
Processor-Dominated Scheduling
Process Organization Structure
Process Oriented
Process Planning
Process Selection
Process Sheet
Process Steps
Process Stocks
Process Time
Process Train
Process Yield
Procurement
Procurement Credit Card
Procurement Cycle
Procurement Lead Time
Procurement Services Provider
Procure To Pay Cycle
Producer
Producer’s Risk (Α)
Producer Market
ROA
Road Waybill
Space Buffer
Spare Parts
Spare Parts Demand
SPC
Special Cause
Specialization
Special-Purpose Machinery
Special Warranty
Specification
Specification Limits
Specific Identification
Specific Performance
Speculative Buying
Speed Of Design Process
Spend Analysis
Spend Management
SPI
Spike
Split-Case Order Picking
Split Delivery
Split Lot
Spoiled Work Order
Sponsor
Spot Buy
Spot Demand
Spot Stock Warehousing
Spread
SPT
Trend Control Chart
Trend Forecasting Models


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;