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Recruiter's Glossary

Examples: ABC Classification • Master Production Schedule • Stockout

Supply Chain Management Terms

Understanding these terms will help you better evaluate candidates and communicate with hiring managers

Stockout

VMI

Blockchain

Master Production Schedule

Traceability

Forecasting

Inventory Turnover

MRP

Lead Time

Strategic Sourcing

Capacity Planning

Six Sigma

Cost of Goods Sold

Procurement

Perpetual Inventory

Order Fulfillment

Digital Twin

Bullwhip Effect

Cycle Count

RFQ

S&OP

Cold Chain

PO

IoT

ERP

Demand Sensing

Supply Chain Analytics

Backorder

JIT

Total Cost of Ownership

Lean

Pipeline Inventory

Kanban

Control Tower

Vendor Compliance

SCOR Model

BOM

RFP

ASN

Purchase Order

Sourcing

ABC Classification

SRM

Make or Buy

Demand Planning

EOQ

ROP

Safety Stock

Supply Chain Visibility

Carrying Cost

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