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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Digital Supply Chain Conference 2018

Digital Supply Chain Conference 2018

Adapting to a Digital World - Agile, Collaborative and Innovative Supply Chain Management

Taking place on the 30-31 January, 2018, in Amsterdam, the conference has been designed to deliver insight from international experts on how they are developing enhanced, agile and connected supply chains through digital technology

Avaya brings personalised cloud to the mid-market with BT Wholesale

Avaya brings personalised cloud to the mid-market with BT Wholesale

Avaya has announced the UK launch of ACS Select, the next generation of the Avaya Cloud Solutions delivery platform, which is hosted securely on the BT Wholesale network.

US new car sales peak tests automotive supply chain resilience

US new car sales peak tests automotive supply chain resilience

The need for US residents to replace vehicles lost during recent hurricanes has helped boost September car sales in North America to an unexpected high.

Leading businesses unit to tackle slavery

Leading businesses unit to tackle slavery

Eight of the most influential business leaders in the UK have joined together to spearhead pioneering industry action to drive out slavery from supply chains.

KiwiRail to drive high-performance culture with advanced workforce planning solution from Quintiq

KiwiRail to drive high-performance culture with advanced workforce planning solution from Quintiq

Quintiq, a Dassault Systèmes brand and supply chain planning and optimisation (SCP&O) solutions provider, has announced that its software has gone live at KiwiRail after a 9-week implementation period.

Asda and the Co-op put competition aside to develop supply chain efficiency drive

Asda and the Co-op put competition aside to develop supply chain efficiency drive

Asda and the Co-op are developing a new way of supply chain collaboration, by enabling mutual suppliers to submit aggregated data on waste, water and energy to both retailers at the same time. The retailers are working with 2degrees to collect the sustainability data.

Helping companies improve supply chain management

Helping companies improve supply chain management

Resource management software specialist Ardent Solutions is urging businesses to rethink their approach to supply chain management. Affiliated to the Demand Driven Institute (DDI), the company is behind the demand-driven material requirements planning (DDMRP) compliant software for Microsoft Dynamics 365; DDMRP for Dynamics.

IRC and EDC unveil latest industry research to impact the multichannel retail market

IRC and EDC unveil latest industry research to impact the multichannel retail market

On 5th October at Novotel West, London, over 1,000 C-level industry leaders will attend the InternetRetailing Conference (IRC), the longest running multichannel forum which will be, for the first time, co-located with the eDelivery Conference (EDC).

Digital Supply Chain Conference 2018

Digital Supply Chain Conference 2018

Adapting to a Digital World - Agile, Collaborative and Innovative Supply Chain Management

IPCortex launch of CRM Connect delivers new contextual communications opportunity to the channel

IPCortex launch of CRM Connect delivers new contextual communications opportunity to the channel

British communications software developer IPCortex has unveiled CRM Connect, a product designed to boost customer engagement with contextual communications.

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.