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

Average daily usage (ADU)
Average demand
Average fixed cost
Average forecast error
Average inventory
Buyer/planner
Buyer’s market
Customer service life cycle
Customer service management (CSM)
Customer service ratio
Customer service representative (CSR)
Customer share
Customer-supplier partnership
Customer surveys
Customer tolerance time
Customized experience
Custom product
Customs broker
Custom service
Customs-Trade Partnership Against Terrorism (C-TPAT)
Cut-off control
Cwt
Cybercash
Cybermarketing
Drum
Drum-buffer-rope (DBR)
Drum schedule
DSD
DSS
DTF
Dual-card Kanban system
Dual sourcing
Due date
Due date rule
Dummy activity
Dumping
Dunnage
Durability
Durable goods
Duration
Duty
Duty-free zone
Duty paid warehouses
External setup time
Extranet
Functional layout
Functional manager
Functional organization
Functional organizational structure
Functional product
Functional requirements
Functional silo
Functional silo syndrome
Functional strategy
Functional systems design
Functional test
Funds flow management
Issue
Issue cycle time
Item
Item demand
LTL
LTPD
Multiple Sourcing
Multiprocessing
Multiskilled
Multisourcing
Overload
Overpack
Overrun
Purchase Requisition
Purchasing
Purchasing Agent
Purchasing Capacity
Purchasing Lead Time
Purchasing Performance Measurement
Purchasing Unit Of Measure
Pure Competition
Pure Monopoly
Pure Oligopoly
Pure Services
Run Order
Run-Out List
Run-Out Method
Run Sheet
SWOT Analysis
Synchronization Alerts
Synchronized Production
Synchronous Control
Synchronous Manufacturing
Synchronous Scheduling
Synthetic Time Standard
System
System Constraint
System Layout Planning (SLP)
Turnover
Turnover Ratio
Turns
Twenty-Foot Equivalent Unit (TEU)
TWM
    
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;