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.

People differ in how they process information, their personality types and how each person wants to be treated. Procurement is the interaction of goods and services with the exchange of monetary value. The production process involves materials and labor used to create new goods or to repair or improve on existing goods. It also involves interactions among people to promote the sale or the availability of a good or service and to facilitate communication or establish rapport between buyers and sellers. The end result - goods and services being available in large enough quantities at low enough cost to be useful.

Logistics is the science of collecting, managing, and transporting inventory. In supply chain management, logistics experts are responsible for understanding the entire supply chain to identify relationships among people and systems. They identify where the gaps are in the system and develop strategies to fill them. Logistics experts can use supply chain modeling and software to identify, evaluate and enhance supply chain performance. They can then design systems and processes to boost productivity, operational efficiencies and reduce costs.

Procurement involves the buying of goods or services from a supplier. In supply chain, the role of the supplier is critical. The roles played by the suppliers in a supply chain include developing relationships with customers, maintaining contract agreements, processing payments, delivering goods, and collecting and distributing finished goods. The relationship between the supplier and the customer determines the type of merchandise a company purchases. A supplier can be a major part of a company's revenue stream or a minor, like a drop ship provider.


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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