Audit

TermiKnowledge - Supply Chain, Procurement and Inventory Terminologies
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CIOP training and certification program is delivered over 90 hours of classroom/online training in corporate and retail batches. The uniqueness of this program is that it addresses the modern supply chain trends without loosing the traditional aspects. This program prepares the participants for supply chain management in 2025 and beyond by infusing the learnings need in the areas of industry 4.0 such as Internet of Things (IoT), Blockchain, Artificial Intelligence (AI), Machine Learning (M/L) and Robotic Process Automation (RPA). It also deals with process improvement philosophies, methods, and tools such as Microsoft Visio. The program deals with almost 50+ supply chain analysis techniques.

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An audit of your internal supply chain is one of the most influential ways of improving and possibly advancing your supply chain, lower operations costs, increase competitive benefits, and decrease waste. Internal auditors look for defective processes, weak process controls, absence of quality management, lack of maintenance, over-supply, poor quality and service, and failure to achieve goal. The result of an internal audit can reveal where improvements are needed most to enhance business competitiveness.

Good analysis of your supply chain management enables you to make changes to improve processes and operations. Good audit also provides information about your company's processes that outside parties can use to help improve their operations. Auditors do this by testing processes and determining how effective they are. They also look for problems that may be too costly or complicated to fix and then provide advice on how to improve these problems. In addition, they find out what decisions were made in the past that still apply to the present day. In addition, an auditor helps companies determine what processes need improvement, how to improve processes that already exist, and what actions, if any, must be taken to improve those processes.

Internal auditors use a variety of tools to obtain the information they need to make informed decisions on the improvement of their supply chain management processes. Some of these tools include data flow diagrams (DFDs), process execution diagrams (PEADs), inventory control diagrams (OCDs), and real-time information sharing (RIS) diagrams. Other tools used by internal auditors include performance analytic tools, process life cycles, work flow analysis tools, and cost models. All of these tools and more can help you understand, monitor, and improve your supply chain management systems.

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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