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.
Using Pallet Positions as part of your Warehouse Management System helps to ensure your warehousing requirements are met and that you are receiving the maximum productivity out of your investment in pallets. Pallet Positions is actually a measurable metric for the volume of product your warehouse can handle at any point in time. Once your rack system is up and running, you will receive a pallet placement number which you could utilize to determine the flow of inventory into your warehouse. In the warehouse, it is important to ensure that you have plenty of storage available, but also that you are able to service the product that you are storing efficiently. If you are able to service your product with efficiency and reliability, then you are able to improve your bottom line.
Utilizing the right type of racking and pallet positions throughout your warehouse can also provide you with another great benefit increased inventory availability. As your inventory levels rise, it becomes more important for you to keep an eye on your warehouses inventory levels so that you do not exceed your storage capability leading to an increase in storage costs and a loss of profit for your business. Increasing inventory availability also provides you with the ability to service your customers with products that you know are in good enough shape that they will be returning to you, increasing your level of customer satisfaction.
To effectively manage your warehouse using Pallet Positions, you must be using the appropriate racks and forklifts to support the capacity of each of these storage areas. Many businesses make the mistake of buying large pallets and using low-density forklifts to support the needs of their warehouse. This can lead to significant cost savings when it comes to storing inventory, but it is also likely to lead to reduced profit margins. In most cases, the reduction in profit margin is more than made up for by the cost savings of storing inventory using Pallet Positions. If you have not yet considered the advantages of this innovative method of storing inventory, perhaps it is time you did. After all, your bottom line is likely to benefit from the changes Pallet Positions can bring to your business.
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.