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

Attrition factor
Audit
Audittrai
Augmented reality (AR)
Augmented workforce
Bullwhip effect
Bundle
Bundling
Bundling
Burden rate
Burn rate
Cost-benefit ratio
Cost-budgeting
Cost center
Cost control
Cost driver
Cost driver analysis
Costed bill of material
Cost element
Cost engineer
Cost equalization point (CEP)
Cost estimation
Cost, insurance, freight (CIF)
Cost management
Cost object
Cost object driver
Cost of capital
Cost of goods sold (COGS)
Cost of lost sales
Cost of poor quality
Cost of quality
Cost of sales
Direct costing
Direct costs
Direct-deduct inventory transaction processing
Direct delivery
Direct labor
Experience curve
Experience curve pricing
Experimental design
Experimental order
Formulation
Form utility
Forty-foot equivalent unit
Forward ADU
ISO 28000
ISO 31000
MRP
MRP II
MRP Nervousness
MSDS
Product Manager Concept
Product-Market-Focused Organization
Product Mix
Product-Mix Flexibility
Product Number
Product Or Service Liability
Product Plan
Product-Positioned Strategy
Product-Positioned Warehouse
Product Positioning
Product Profiling
Product Quality
Product Segments
Product/Service Hierarchy
Product Specification
Product Structure
Product Structure Record
Product Tree
Product Velocity
Profit
Profitability
ROI
Rolling Forecast
Straight-Line Depreciation
Straight-Line Schedule
Strategic Alliance
Strategic Benchmarking
Strategic Business Unit (SBU)
Strategic Deployment
Strategic Drivers
Strategic Inventory Positioning
Strategic Mission
Strategic Partnerships
Strategic Performance Measurements
Strategic Plan
Strategic Planning
Strategic Quality Planning
Strategic Sourcing
Strategic Variables
Strategy
Stratification Analysis
Strict Liability
Strict Performance
Structured Problem Solving
Subassembly
Subcontracting
Subcontractor And Supplier Networks
Suboptimization
Subplant
Substitutability
Substitution
Sub-Tier Supplier
Successor Activity
Summarized Bill Of Material
Summarized Where-Used

     
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;