TermiKnowledge - Supply Chain, Procurement and Inventory Terminologies
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Certified Inventory Optimization Professional (CIOP) is an end-to-end supply chain certification program. The certification consists of 30 modules focusing both on traditional and futuristic topics. The traditional topics are introduction to supply chain management, all about inventory, strategic business planning, forecasting, demand management, capacity management, sales and operations planning (S&OP), master scheduling (MPS), materials requirements planning (MRP) and production activity control (PAC). It also includes topics on procurement, warehousing, transportation, distribution, and packaging. The topic on the future trends such as Blockchain, Internet of Things (IoT), Robotic Process Automation (RPA), Machine Learning (M/L) and Artificial Intelligence (AI). There is a significant focus on supporting technologies such as forecasting and process mapping tools such as Microsoft Visio. In addition to the above indicated topics the participants need to master over 3000 terminologies in supply chain management.



In the business supply chain, companies have their decisions made on where to make their goods, how to make their goods and how to manage their resources to better achieve their goals. 

The ultimate goal of companies in the supply chain is to have products delivered and in good condition at all times. To do this, companies must make sure that there are no delays in the chain, that quality control measures are consistently followed and any deviations from standard procedures are quickly identified and dealt with. While these actions will improve the company's overall profit margins, it can also affect the profitability in specific areas of the supply chain.

Adjudication in the construction industry occurs when a party in the chain is dissatisfied with the standard practices of another party. When this happens, the dispute is referred to an adjudicator, who makes a determination about what should be done based on the arguments presented to him or her. Adjudication typically happens when there is a dispute over whether materials or services have been acquired and the party in question is either trying to recover monies lost or trying to prevent another party from gaining access to materials or services that belong to the first party.

There are two types of Adjudication in the construction industry: judicial and administrative. Judicial adjudication occurs through a court proceeding and is typically settled out of court. If a company or person is not satisfied with the results of an investigation, they may file a lawsuit against those responsible for the negative discovery and are likely to receive a settlement if they are successful. For example, if a material witness reveals to an employer that the claimant committed fraud, the employer may be held liable and may be forced to correct its mistake. Administrative adjudication is a more common occurrence because it occurs during a routine workday, and the employer usually has the time and resources to resolve the matter amicably.

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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