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
Assortment warehousing
Assurance
Assured source of supply
Asynchronous process
Asynchronous process
Budgeted cost of work scheduled
Buffer management
Buffer penetration
Buffer profile
Buffer status alerts
Contingent project
Continuous flow distribution
Continuous flow (production)
Continuous improvement (CI)
Continuous manufacturing
Continuous process
Continuous process control
Continuous process improvement (CPI)
Continuous production
Continuous replenishment
Continuous replenishment program
Continuous review system
Continuous variable
Contract
Contract accounting
Contract administration
Contract carrier
Contract date
Contract drafting
Contract labor
Contract liability
Contract line items number (CLIN)
Contract manufacturing
Diagnostic study
Die
Differentiated marketing
Differentiated oligopoly
Expected completion quantity
Expected demand
Expected demand during lead time
Expected life
Forecast interval
Forecast management
Forecast mean absolute percentage of error (FMAPE)
ISO 22301
ISO 26000
Motive
Motor Carrier
Move
Move Card
Movement Inventory
Overhead Allocation
Produce-To-Stock
Producibility
Product
Product And Market Focus
Product Audit
Product-Based Layout
Product Benchmarking
Product Configuration Catalog
Product Configurator
Product Cost
Product Data Management (PDM)
Product Differentiation
Product Diversification
Product Engineering
Product Family
Product Flexibility
Product Focused
Product-Focused Production
Product Genealogy
Product Grade
Product Group
Product Group Forecast
Production
Production Activity Control (PAC)
Robotics
Robust Design
Square Root Rule
SQC
SQL
SRM
Stabilization Stock
Stable Demand
Stacked Lead Time
Staged Material
Staging
Staging And Consolidation
Stakeholder Relationship Management
Stakeholders
Standard
Standard Allowance
Standard Batch Quantity (SBQ)
Standard Components
Standard Containers
Standard Cost Accounting System
Standard Costs
Standard Deviation
Standard Error
Standard Hours
Standard Industrial Classification (SIC)
Standardization
Standardized Ingredient
Standardized Product
Standardized Work
Standard Output
Standard Practice
Standard Ratio
Standard Service
Standard Time
Standing Capacity
Standing Order
Star
Start Date
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;
