Procurement Platform

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 automation of the whole supply chain ensures the smooth flow of goods through the system. To be more specific, S2P is the process of manufacturing and controlling of the production process within an organization, which ensures productivity, cost savings and increased profitability. However, to a great extent, the operational processes are made out of inter-related modules. This is the reason why one platform cannot serve the purpose for all the organizations. In such circumstances, the use of a common platform or a single supplier list helps in reducing costs, while enabling a smooth sourcing procedure.


A unified purchasing platform is basically a complete procurement software solution which isn't comprised of several other suites of procurement programs, but rather is able to deliver buying solutions for the complete S2P cycle, thereby enabling companies to spend on what they need and get the best deals. Companies can now conduct business with ease by spending a fraction of their purchasing budgets on marketing and branding, as the purchasing module of the application facilitates them with complete visibility of every product and the supply chain, and a comprehensive overview of their current purchasing and supplier relationships. Moreover, companies can also get access to detailed information pertaining to their suppliers, vendors, stock, products, costs and many other vital details. Thus, by using the detailed data provided by the Procurement Platform, companies are able to make informed decisions regarding purchases, which help them to cut on their operational costs.


For any kind of manufacturing enterprise, the utilization of a Procurement Platform is a must. In fact, due to its unique capabilities, a Procurement Platform helps companies in streamlining their operations by taking away all the tediousness involved in the purchasing process. It is because of this reason that procurement platforms are becoming popular among companies of all sizes, irrespective of their size and sector. Thus, when you are looking to purchase supplies and equipments for your organization, you should always consider procuring them using a procurement platform. With a good quality procurement platform, you can reduce your cost of purchasing, and you can ensure that you have got the best quality for your organization at all times.


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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