Senior materials analyst skills for your resume and career

A supply chain is a network or a sequence by which finished products of a company are distributed to retailers and then supplied to the end-users. The distribution of products and services from the production line to the final buyers is carried out in a series of steps including; manufacturing, transportation, and their distribution. The whole supply chain consists of different entities including; manufacturers, transportation, warehouses, suppliers, and retailers. The entities ensure that the products retain their originality while also minimizing the cost of delivery.

Materials management refers to the process of monitoring and controlling the inventory and use of materials, often within a manufacturing plant. This management may also require shipping and delivery of the materials depending on the material product, price, and customer demand.

MRP is an abbreviation of Material Requirements Planning and refers to the control system which is implemented in the planning and management of the activities related to manufacturing. Through MRP, manufacturers can easily schedule the production and it can also be used for inventory. MRP systems are mostly software-based but the process can also be carried out manually.

Material Planning refers to the act of planning what materials may be needed for a particular project or for consumers. This is a form of inventory management so that consumers and developers are able to have access to the raw materials needed for a project or store inventory.

In Greek alphabets, sigma is the 18th letter that means "to sum up". In statistics, the lower case symbol of sigma is the unit of measurement for standard deviation which is used to assess the variability in a given set of data. While the upper case symbol is for summation notation means to add up all the given numbers in the data set.

Enterprise Resource Planning (ERP) is computer software used by major corporations and organizations for conducting their management and accounting tasks efficiently. ERP systems bind different business processes with each other allowing smoother flow of data between them resulting in swift project assessment and completion.

Logistics is a complete organization and implementation of a problem. Logistics are often considered in a complex business operation, as some works need detailed plannings. Logistics are also used in military action.

Production planning is the planning of manufacturing in an industry or company. It uses resources like materials, employees, and production capacity, to serve customers. Production planning can be used in combination with production control into production and control planning.

Part Numbers are special sets and strings of numbers used to identify and label parts. There is no one specific kind or set of parts for which this is used and the term can be found in various industries and used for various parts. Most often, a part number is only used to refer to one part and product within one company or organization. Part numbers, also, tend to inadvertently describe the item's purposes and physical features, too, through an organized code of sorts.

On-Time Delivery, or OTD, is a metric that measures the rate at which finished goods and deliveries are completed on time. This rate is measured by the overall number of units shipped within a specified time frame agreed upon by the consumer and supplier. On-Time Delivery allows suppliers' compliance with delivery deadlines, and hence their consistency, to be assessed using a continuous and collaborative development approach.