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.

In any supply chain management operation, there are risks that are inherent and some risks that are inherent to every operation. Some risks are external and others are internal, depending upon how the organization or business was established. When talking about warehouse operation and procuring materials, one of the most important considerations is energy consumption. Since energy use is directly tied with the cost of goods sold, it is important to have a good energy management strategy. In warehouses, there are some secondary considerations that must also be taken into consideration in order to improve the operation.


One of these considerations is related to the quality of raw materials. Some companies make the mistake of purchasing too many barrels of oil per day just so they can process light crude oil in their mills. These are wastes and should be recycled immediately, but there are a lot of companies that have no interest in doing this. Another source of waste is related to the amount of energy expended to process oil and the amount of water needed for the processes. A better warehouse management system should be able to reduce these costs through energy management and water management.

Many organizations are making the mistake of relying on primary sources of energy and materials, while cutting back on secondary sources. In fact, primary sources of energy and materials should be used up first and then secondary sources should be added gradually, so as not to deplete all the available sources. While these ideas may seem overly simple, the amount of energy and materials that is required to run an organization can be staggering.

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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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