Available Facilities

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.


The basic idea behind an available facilities contract is that an insured borrower bears full responsibility for any bad debts incurred as set out in the relevant guaranty contract if he fails to fulfill his responsibilities as stipulated under the terms. Generally, an available space facility is to cover any material or merchandise which has been bought and put in a warehouse, but it could also be used to cover raw materials and supplies or other goods 

for execution. An available space facility is calculated by taking into account the number of employees as well as the storage area available within the warehouse. The warehouse must also be able to accommodate equipment used in the execution of customer orders as well as machinery, tools and specialized appliances. Any goods not included in the list of available goods can be covered by other types of available facilities.

A Supply chain management contract is a document which spells out the terms and conditions under which goods are to be supplied by the company to customers within a defined period. The term of the contract could be for a day, a week, a month or a year, and the goods or items should be supplied continuously throughout that period. The goods supplied include inventory, stock, finished goods, finished factory product and stock on order. The warehouse which holds goods produced by the company is called its available goods facility and the warehouse which holds goods on order are calling its supply facility. If the warehouse holding goods on order does not have enough inventory or stock on hand to fulfil customer orders, then the supply facility would have to be augmented with more inventory or stock on hand.

The production capacity of the company dictates how much goods it can manufacture in a given period of time and at a given cost. If the production capacity of the company is considerably less than the available goods, then it can either reduce its production capacity or stop production altogether. Similarly, if its available production capacity is higher than the production capacity of the market, then the company can undertake volume productions. If a company has too low a rate of unemployment, it will have to undertake a massive expansion of its production facilities. Therefore, no boom can last forever, so if a company wants to survive, it must keep on producing goods at a rate that allows it to earn a profit.

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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