Supply Chain and Materials Management have a language of their own. They have numerous terms knowing which communicating among the interested parties becomes easier. Students of this profession, in any capacity, will find the terms and their explanation useful. Below are given the alphabetical series and each series contains many professional terms. Click the series letter to get the terms starting with that letter. You are welcome to suggest more terms so that the same can be put here for the benefit of visitors.                                                    

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Hand -to-mouth buying Frequent purchases in small quantities to meet only immediate , short term requirements Also, it is a practice of planning inbound material purchases and flows without the need for significant inventory levels   Hazardous Materials Materials or substances that have been determined by a government agency to be a risk to health, safety and property and thus need to comply with the prescribed safeguards. The term includes such items as as explosives, flammables, poisons, corrosive, radio active substances. These materials must be packaged, labeled, handled and transported according to strict regulations from several agencies. International shipments must comply with docket HM-181, where the term "dangerous goods" is often used interchangeably with hazardous materials Hedging A purchase or sale entered into for the purpose of balancing a sale or purchase already made or under contract, in order to offset the effect of potential market price fluctuations. Host Country Any country where an organisation has its world headquarters Hundred Weight 100 pounds, a unit of weight used in transportation High Sea Sale It describes the transfer of Goods from the buyer when the material is on high sea Holding Cost Also called Carrying cost, it is the average cost of carrying a unit of an inventory item. It normally includes opportunity cost of holding inventory and other related costs such as overhead and variable costs Hub A large retailer or manufacturer having many trading partners