Supply Chain Management, Optimisation, Software, Execution

Supply chain management software (SCM) is a term that embraces a wide range of software functionality. The joint purpose of these different modules and tools is to better execute supply chain transactions, manage supplier relationships and control all main business processes related to supply and delivery. The discipline of SCM covers everything from the storage and movement of parts and raw materials, to work in progress (WIP) and the management of goods and materials from source to the point of delivery to the customer. The APICS Dictionary describes SCM as the \"design, planning, execution, control, and monitoring of supply chain activities with the objective of creating net value, building a competitive infrastructure, leveraging worldwide logistics, synchronizing supply with demand and measuring performance globally.

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Mobilising and managing supply chains on the go

Mobilising and managing supply chains on the go

By Paul Swaddle, Co-Founder, Pocket App.

All types of transportation services, whether trucking, public transport, aircraft, charter & shuttle bus services, railroads or shipping, and the warehouses that support them, are drowning in paperwork.

New technologies revolutionising the omni-channel experience

New technologies revolutionising the omni-channel experience

A strong omni-channel B2B customer strategy is vital for many manufacturers these days, but it must go beyond simply ensuring the online experience matches the offline experience, to fully support the buyer throughout the entire, often complex sales process – however they choose to buy, says Michiel Schipperus, CEO, Sana Commerce.

BSI's Global Supply Chain Intelligence report reveals top supply chain risks in 2016

BSI's Global Supply Chain Intelligence report reveals top supply chain risks in 2016

In 2016 global supply chains continued to face a range of security, social responsibility, and business continuity risks, with many of these issues provoked by one another. BSI noted multiple incidents that started out as a security, social responsibility, or a business continuity risk that cascaded into other supply chain issues.

Amazon Business: a viable alternative to B2B e-Commerce?

Amazon Business: a viable alternative to B2B e-Commerce?

By Michiel Schipperus, CEO of Sana Commerce.

In April Amazon's growing business offering officially opened its doors in the UK. Although the online marketplace has been eyeing the B2B market with intent since the launch of Amazon Supply in 2012, the arrival of Amazon Business represents its biggest step yet to appeal to corporate procurement.

New Detego software to support fashion retailers in consumer engagement with launch of new chatbot and artificial intelligence capabilities

New Detego software to support fashion retailers in consumer engagement with launch of new chatbot and artificial intelligence capabilities

Detego, the business intelligence and real-time analytics solutions provider for the fashion retail industry, is launching new software to actively support retailers in their consumer engagement strategies.

Businesses preparing to sever supply chain ties between the UK and the EU to avoid Brexit tariffs

Businesses preparing to sever supply chain ties between the UK and the EU to avoid Brexit tariffs

Businesses either side of the English Channel are preparing contingency plans which could sever supply chains between the UK and EU, according to the Chartered Institute of Procurement & Supply (CIPS).

Shockproof your global supply chain - Access Group white paper

Shockproof your global supply chain - Access Group white paper

Whether the shocks come from natural or political earthquakes, companies need to act quickly to protect from tremors being felt across their supply chain. This Access Group whitepaper looks at how organisations can manage and mitigate the impact of global disruptions.

Honeywell LIVE Launch Event: Inform. Protect. Connect.

Honeywell LIVE Launch Event: Inform. Protect. Connect.

Realise efficiency gains. Protect your workforce. Reduce operating costs.

Organisations today are under ever-increasing pressure to perform faster and smarter, keep up with the pace of technology, ensure compliance with government regulations, and protect the safety of their workers.

Avi Networks collaborates with Red Hat to simplify and automate modern application development and deployment

Avi Networks collaborates with Red Hat to simplify and automate modern application development and deployment

Avi Networks, the next-generation application services provider, has announced a collaboration with Red Hat to simplify and automate the enterprise application development and deployment lifecycle.

It’s Store-bot – AI for the retail business

It’s Store-bot – AI for the retail business

By Sandeep Dadlani, President and Global Head of Manufacturing, Retail, CPG and Logistics.

Macy's began 2017 by publishing a list of 68 stores it would close this year. Amazon, on the other hand, entered the New Year still high from its massively successful Cyber Monday sales of 2016.

Supply chain management software (SCM)

 

Supply chain management software (SCMS) is a business term which refers to a whole range of software tools or modules used in executing supply chain transactions, managing supplier relationships and controlling associated business processes. Supply chain management spans all movement and storage of raw materials, work-in-process inventory, and finished goods from point of origin to point of consumption.

 

Supply Chain Management (SCM) includes all the activities that must take place to get the right product into the right consumer’s hands in the right quantity and at the right time. The supply chain manager supervises all the related logistical processes for the organisation. Effective supply chain management involves the coordination of all of the various elements of the chain as quickly as possible by harmonizing the contributions at each stage, including use of vendor partners and third-party service providers. This must be done as cost-effectively as possible and the priority is to be customer-driven.

 

Being more attentive to the stages throughout the length of the chain helps companies to stay competitive, reduces overall costs, increases efficiency and ultimately, keeps the customers happy. Supply chains are becoming increasingly integrated and complex, and as such now require dedicated and well-trained managers

 

Supply chain management (SCM) is sometimes broken down into the stages of planning, execution and shipping. Supply chain planning (SCP) and supply chain execution are the two main categories of SCM software. SCP software applications apply algorithms to predict future requirements and balance supply and demand.

 

Another definition is provided by the APICS Dictionary when it defines SCM as the "design, planning, execution, control, and monitoring of supply chain activities with the objective of creating net value, building a competitive infrastructure, leveraging worldwide logistics, synchronizing supply with demand and measuring performance globally."

 

Supply chain execution (SCE) is the flow of tasks involved in the supply chain, such as order fulfilment, procurement, warehousing and transporting. SCE software applications track the physical status of goods, the management of materials, and financial information involving all parties.

 

Supply chain planning software helps organizations manage and replenish their inventory through sales and demand forecasting. As part of a supply chain management system, supply chain planning solutions like sales & operations planning (S&OP) serve an important function in the on-going effort to reduce waste and increase profitability.

 

Supply chain optimization software handles capacity planning as well as sequencing and scheduling. Beyond simply providing demand estimation data, it allows organizations to act immediately on any pertinent information gathered from the data by altering delivery schedules, shifting stored inventory loads, and adjusting revenue and expense projections.

 

Supply Chain standards and models: 

There are a variety of supply chain models. The Supply-Chain Operations Reference model (SCOR) , developed by the management consulting firm PRTM, now part of PricewaterhouseCoopers LLP (PwC) has been endorsed by the Supply-Chain Council (SCC) and has become the industry standard diagnostic tool for supply chain management. SCOR measures total supply chain performance in terms of production flexibility, fulfillment performance, order delivery, reverse logistics efficiency/returns processing, warranty and general service levels.