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
Authentication
Authentication key
Authentication key
Autodiscrimination
Automated alerts for material management
Business case
Business clusters
Business context summary
Business continuity management system (BCMS)
Business continuity planning
Cost performance index (CPI)
Cost-plus contract
Cost-plus-fixed-fee contract
Cost-plus-incentive-fee contract
Cost pool
Cost-ratio plan
Cost reduction
Cost trade of
Cost to plan
Cost to source
Cost to deliver
Cost to return
Cost-type contract
Cost variance
Cost-volume-profit analysis
COTD
COTS
Council of Supply Chain Management Professionals (CSCMP)
Count chart
Counter purchase
Countertrade
Count frequency
Count-per-unit chart
Count point
Coupon
Covered hopper
Cp
CPFR
CPI
CPIM
Cpk
C.P.M
CPM
CPOF
CPU
Direct labor cost
Direct loading
Direct marketing
Direct material
Experimental research
Expert system
Explode
Explode-to-deduct
Explosion
Forward buying
Forward flow scheduling
Forward integration
Forward pass
ISO 50001
MSE
MTBF
MTFF
MTM
Profitability Analysis
Profitability Index
Profitability Ratio
Profit Center
Profit Margin
Profit Ratio
Profit Sharing
Pro Forma Financial Statements
Pro Forma Invoice
Root Cause Analysis
Summary Judgment
Sum Of Deviations
Sunk Cost
Super Bill Of Material
Superflush
Supermarket Approach
Supervisor Estimate
Supplier
Supplier Alternate
Supplier Audit
Supplier Base
Supplier Certification
Supplier Clustering
Supplier Development
Supplier Footprint
Supplier-Input-Process-Output-Customer (SIPOC) Diagram
Supplier Lead Time
Supplier-Managed Inventory
Supplier Measurement
Supplier Number
Supplier-Owned Inventory
Supplier Partner
Supplier Partnership
Supplier Performance Evaluation
Trigger Level
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;
