CIOP is an end-to-end supply chain certification program that focuses on practical aspects in addition to the theoretical concepts. For example, a typical supply chain certification may teach what is cycle counting and how to do the ABC classification. CIOP starts with these fundamental concepts and goes on to teach the participants to develop the cycle counting policy of an organisation, 10+ criteria used in ABC classification, multi-criteria ABC classification and cycle counting best practices to increase the efficiency and effectiveness. In case of CIOP, you learn the concepts and will be ready to implement in your day-to-day job in supply chain. The pedagogy is structured such a way that all the concepts are explained with industry examples, which makes CIOP as the preferred training and certification program for supply chain within the industry.
A backorder is essentially an order for a product which is no longer in inventory. It is usually due to manufacturing and/or distribution issues. In the case of backorders, customers often have to wait for a long time to get their goods. This delay in getting the goods can lead to a loss of revenue for
the company, as they may need to pass on some of their costs associated with producing the goods to the customer. In addition, delays in production can cause quality issues, such as poor quality paper or ink. In order to avoid this, a company should regularly check the back-order status of their inventory.
There are many reasons why companies experience back-orders. One of the most common reasons is that they may not have the resources to maintain an extensive supply chain. If they do not fulfill orders quickly, there are high chances that the products supplied by them will not be popular with their customers. For this reason, they need to constantly monitor the back-order status of their inventory and fulfill requests of their customers promptly. If they don't, then they will be losing a lot of profit, as they cannot guarantee that the products will remain in good shape if they fail to fulfill their end of the deal.
If you want to improve your company's efficiency in handling and managing inventory, then you should invest in warehouse inventory management systems. These warehouse inventory management systems allow you to easily determine which products you need to replace with new ones and even track the progress of each batch in its progress. They also help you track the flow of raw materials, so you will know when to place an order to increase production capacity. Other functions such as material leveling and asset leveling are also made easier with the help of these systems, allowing you to run your business more effectively and efficiently.
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.
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.