TermiKnowledge - Supply Chain, Procurement and Inventory Terminologies
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CIOP online sessions are conducted in a well-organized manner. The online sessions are conducted on Saturdays, between 7:00 PM and 10:00 PM (Indian Standard Time). There will be two breaks during the session. First break at 8:00 PM for 15 minutes and the second break at 9:00 PM for 10 minutes. The participants will join the program through the link sent to them well in advance and they get reminder notifications. First reminder a day before the session and the second reminder one-hour before the session. The participants will be able to see the presentation and the writings of the faculty at the same time. The faculty delivers the program through a smart board and the participants will be able to access both the presentation used by the faculty and his notes at the ends of the session through Fhyzics’ Learning Management System (LMS).


Whether you are a manufacturing corporation or distributor, you have activities to perform and, no matter whether the activity is raw materials procurement or production, someone has to manage the acquiring process. Without the buying manager, the purchasing unit is at the heart of it all, having hundreds of activities to manage in order to keep goods and materials moving quickly into the company. 

There are also many other tasks involved in buying activities and there are more employees than you would believe necessary to perform these tasks competently. Warehouse operations are one of the most important activities involved in the buying process. If your company's warehouse operations do not function properly, your ability to acquire products and goods quickly will be hampered.

Procurement, on the other hand, is one of the activities of the buying department that is perhaps the most basic. Yet it is the responsibility of every purchasing manager to make sure that inventory levels are sufficient to meet company demand. In order for supply chain to work efficiently, all of the manufacturing units in a supply chain needs to be operating at optimal levels. The more units you have operational in your manufacturing facility, the easier it is to meet company demand. If your ability to fill orders is poor, your customers may go elsewhere for their goods and this can seriously damage your sales and earnings.

So both purchasing and supply chain management are major cost center points in any type of e-commerce business, especially an Internet-based operation. Managing these two major cost centers will allow your company to operate smoothly and efficiently. If either activity is poorly managed, the results can be devastating to your bottom line. By learning to properly manage your inventory, you will increase profits and streamline operations.

Certified Inventory Optimization Professional 

CIOP is an end-to-end supply chain certification that contains 30 modules such as Introduction to Supply Chain Management, All About Inventory, Production Planning System, Strategic Business Planning, Sales & Operations Planning, Master Scheduling, Material Requirements Planning, Demand Management, Capacity Management, Forecasting, Production Activity Control, Procurement, Order Quantities, Independent Demand Ordering Systems, Warehouse Management, Transportation Management, Supplier Relationship Management (SRM), Customer Relationship Management (CRM), Introduction to Quality, Introduction to Packaging, Introduction to Process, Lean, Six Sigma, Total Quality Management, Theory of Constraints, Supply Chain Technologies, Supply Chain Techniques, Industry 4.0, International Standards and Supply Chain Risk, Safety and Security. 

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CIOP Knowledge Series

One-Minute Supply Chain Facts

The most recent video is available here. To access the past videos in the One-Minute Supply Chain Facts Series, please click the playlist icon located on the Top-Right of the video.





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