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.
Seasonality simply refers to consistent inventory with predictable or repeated supply and demand cycles over an extended period of time. Supply chain management is the study of these patterns and how they impact the firm. Seasonality impacts several aspects of the supply chain including planning, manufacturing, and shipping. It also affects other industries such as food service, transportation, pharmaceuticals, chemicals, furniture, and chemical processing.
Seasonality impacts supply chain management by increasing inventory levels and reducing demand, which in turn lowers inventory costs and increases profit margins. Inventory forecasting offers an essential service for managers who are confronted with increasing inventory levels and decreasing demand. To help managers understand and plan for seasonal fluctuations in demand, a company must first identify which industries experience high or low activity level according to their own processes. Once these industries are identified, the supply chain management software can be used to forecast seasonal variation across those industries, allowing managers to effectively plan for future production and sales.
Seasonality is a complex concept that requires advanced analysis and forecasting skills. A company's ability to predict demand in future periods will in effect dictate its profitability and its ability to control its inventories. Seasonal variations in demand will have a significant impact on the profitability of a company's production and distribution as well as its logistical costs. If correct inventory control is implemented, then even small changes can have a large impact on inventory costs and profitability.
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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.
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.