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The Chartered Institute of Inventory Control Management Professionals is an upgrade of the Association of Inventory and Distribution Professionals of Nigeria. The Board of Trustees of the Association of Inventory and Distribution Professionals of Nigeria on resolution passed by the Board of Trustees decided to upgrade the professional body to Chartered-ship with the name “Chartered Institute of Inventory Control Management

Professionals.”

The importance of inventory control management cannot be over emphasized in business entities. Inventory is the heartbeat of businesses

and there is need to have professionals who are specifically trained to manage and control inventory. Many companies are experiencing shortage of revenues as a result of non-professional inventory personnel who manages their inventory and forecast.

The Chartered Institute of Inventory Control Management Professionals will ensure that our members are trained and exposed with the adequate knowledge required to effectively manage and control inventory.

Inventory management professional’s plays vital roles to companies. In addition to the roles as provided in our website page “Home.” The followings can be an addendum to such roles.

  1. Carry out a routine check on inventory cost and it effect on the organization.
  2. Ensure customers satisfaction by ensuring availability of stocks in order to meet customer order.
  3. A team player and supporter in inventory process improvement and innovation.
  4. Ensures safety measures are followed in the cause ofinventory management and
  5. Support in inventory planning and analysis for the purposeof investment and
  6. Support and facilitate suppliers Relationship
  7. Ensures a stable order fulfillment
  8. Ensures effective packaging of stocks in the
  9. Ensures the proper codification of stocks in the
  10. Ensures inventory cost reduction management practice system by reducing the purchase ordering
  11. Ensures the available of raw materials and other materials and equipment in the cause of
  12. Ensures loss sales are totallyaverted
  13. Ensures a timely balance of stocks replenishment foreffective inventory operations in the
  14. Ensures organizational cost is reduced by reducing labour costand workload in inventory
  15. Avoid fluctuation in the
  1. Avoid stealing of materials by effecting due diligent in inventory management and
  2. Ensures there is no duplication in the cause of ordering
  3. Plays vital role in inventory forecast.
  4. Efficient and effective retail

The Chartered Institute of Inventory Control Management Professionals is an integral professional body of supply chain industry. Membership of this Chartered professional body is a mark of professionalism and will distinguished the professional among his or her working colleagues.

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The Chartered Institute of Inventory Control Management Professionals, CIICMP, is a professional body that will equip personnel to become professionals in the efficient and effective inventory management and control.

All parties in the business chain sees inventory as cash in stock and also current assets. Inventory is a capital investment to suppliers, manufacturers, distributors and retailers. It is very important that the personnel with official duties to manage inventory are professionally trained in line with the standard and ethics applicable in the management of inventory and control.

The Chartered Institute of Inventory Control Management Professionals understands the importance of inventory management and control in the supply chain system of an organization. It is non- arguable that when inventory move, money also move. The safety and accuracy of inventories becomes the centre point of focus for inventory control management professionals.

In all facets of supply chain in an organization, inventory management and control professionals plays vital roles in ensuring safety, accuracy and forecast. A simple analysis is stated below:

  1. Raw Materials moves from the suppliers to the manufacturing companies.
  2. These raw materials are process into finished goods by the manufacturing companies
  1. These finished goods are distributed by the manufacturing companies to the markets through their various channels of distribution

The Chartered Institute of Inventory Control Management Professionals ensures that our members are exposed with sufficient inventory knowledge required for efficient and effective management of inventory.

Inventory Control Management Professionals plays the following roles to their organizations.

  1. Ensure efficient design and effective enforcement of inventory tracking system in compliance with the control procedures for inventory.
  1. Ensures effective documentation of inventories that are supplied and delivered daily
  1. Carryout inspections of raw materials delivered by the suppliers in order to ensure compliance with the purchase order
  1. Ensures that inventory report is prepared in order to ascertain inventory level and inventory adjustment.
  1. Analyze daily inventory for the purpose of ascertaining inventory operations and problems
  1. Plays a crucial role by selecting and reviewing the system of warehouse management suitable for inventory management
  1. In certain cases, place order on new suppliers for efficient operations management.
  1. Evaluate and analyze different suppliers for cost effective management
  1. Draft inventory policies suitable for inventory management and control in the organization
  1. Ensure optimum zero inventories in the organization
  1. Carry out inventory audit to ascertain inventory safety and accuracy
  1. Design and monitor inventory procedures for efficient process engineering inventory management
  1. Ensures effective inventory replenishment system.
  1. Ensures effective facility management for inventory safety, accuracy and delivery process
  1. Ensures cost effective inventory management system in the organization.

Members of CIICMP are outstanding and well respected in the industry in respect to inventory management and control. Our training is focus on meeting the reality of challenges faced by inventory management and control practitioners. Our members are empowered with knowledge to overcome the challenges inventory practitioners are facing in today’s supply chain profession. We welcome you to be part of our team and together we shall build and develop our economy for the good of all.

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