Planned Orders

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.

If your company has a large amount of inventory that needs to be managed, there are several great applications for using Microsoft Dynamics GP inventory management and Microsoft supply chain management (SCM) software together. The Inventory Management System (IMS) in GP is an excellent tool for managing large amounts of inventory, but the Inventory Management console itself can be complex and intimidating for smaller organizations. On the other hand, the built-in supply chain functionality of MS SQL Server (MS SQL Server 2021) can streamline the process of managing your inventory without requiring a whole separate system. Using both of these programs together can create a more robust and scalable overall supply chain management solution.

With a planned order, you can view and monitor all selected items on any ordered items list. At any time, go to one of the following locations, depending on what type of planned order you have to process: Production control > Order history and historical data > Production order processing (production and supply chain) > Supplier data entry and notification (supplier notification). By going directly to one of these locations, you can more accurately gauge the amount of available stock, and make decisions about what quantity of stock is necessary for your supply chain to function properly.

Planned orders help your business process your inventory more efficiently by letting you prioritize your purchases. For example, let's say that you have a company that sells small, simple items such as paper clips. If you were to automate the entire inventory process, you would simply order all paper clips, and no more, no less. This would obviously be a logistical nightmare. However, by restricting the number of paper clips that you purchase, you can better allocate resources to the most important items in your inventory. By doing so, you can ensure that you always have enough paper clips to fulfill all of your business needs.


The process of accounts payable collection begins with a notice of default by one or more suppliers to the enterprise. The enterprise must investigate the account before attempting to collect the outstanding balances from the vendors. The enterprise must establish both a practical and potential claim to the goods or services owed by the vendors and must be able to estimate a reasonable estimate of the loss, if any, to the enterprise due to the non-payment of accounts payable by the vendors. Once the claim has been made in good faith, the vendor will then be required to make payment in terms of cash, with funds being available for a recovery action to be filed by the supplier or manufacturers in the event of refusal to pay.

Accounts Payable collection can be used by manufacturers, suppliers, distributors, or retailers to meet their short-term debt requirements. Accounts payable collections are generally less costly to large businesses since it only involves a small amount of money to create the payment process between the supplier and the receiver of the goods, with a lesser amount of money to pay the suppliers as well. This process can be established for short-term periods, such as one month to four months, or can be extended indefinitely with a contract that allows the company to set up a revolving account that collects amounts from suppliers over time. This provides an opportunity for the business to establish a sound supply chain with its suppliers and to gain a solid credit history with its suppliers and creditors. As more companies take advantage of Accounts Payable to satisfy their supplier needs and avoid additional expense to themselves, this method of collecting overdue invoices will become increasingly popular and beneficial to all parties involved.

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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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