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
Automated assembly system
Automated flow line
Automated fulfillment signals
Business cycle
Business environment
Business intelligence
Business judgment rule
Cranes and hoists
Crashing
Credit period
Crew size
Crew-size standard
Critical activity
Critical chain
Critical chain method
Critical characteristics
Critical failure
Critical mass
Critical path
Critical path activity
Critical path lead time
Critical path method (CPM)
Critical point backflush
Critical processes
Critical process parameters
Critical ratio
Critical success factor
Critical-to-quality characteristics (CTQs)
Critical value analysis
CRM
Cross Chain Control Center (4C)
Cross-docking
Cross-docking warehouse
Cross-functional integration
Cross-functional organization
Cross-functional team
Cross plot
Cross-selling
Cross-shipment
Cross-sourcing
Cross-subsidy
Cross-training
Crowdsourcing
Direct materials cost
Direct materials purchasing
Direct numerical control (DNC)
Direct offset
Direct procurement
Direct sales
Explosion level
Exponential distribution
Exponential smoothing forecast
Export broker
Export compliance
Forward scheduling
Fourier series
Four Ps
Fourth-party logistics (4PL)
Four-wall inventory
Low-Cost-Provider Strategy
MTTR
Muda (Waste)
Multiactivity Chart
Multicountry Strategy
Overhead Base
Profound Knowledge
Program
Program Directive
Program Evaluation And Review Technique (PERT)
Programmable Logic Controller (PLC)
Program Management
Program Manager
Progressive Operations
Progress Payments
Project
Project-Based Layout
Project Calendar
Project Costing
Project Duration
Projected Available Balance
Projected Available Inventory
Projected Finish Date
Projected On Hand
Projected Start Date
Projection
Project Life Cycle
Project Management
Project Management Body Of Knowledge (PMBOK®)
Project Management Team
Project Manufacturing
Project Model
Project Network
Project Phase
Project Plan
ROP
Rope
RORO
Supplier Quality Assurance
Supplier Relationship Management (SRM)
Triple Bottom Line (TBL)
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;
