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

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 friction costs businesses 6,500 hours a year

Supply chain friction costs businesses 6,500 hours a year

Study reveals UK businesses are wasting time and money handling the payment process. The average UK business loses £88,725 per year through clunky payment practices causing friction in their supply chain, according to new research by Tungsten Network.

Maxoptra and TomTom streamline mobile operations for South African telecom provider

Maxoptra and TomTom streamline mobile operations for South African telecom provider

WIRUlink has turned to Maxoptra to improve its field service operations. Integrated with WIRUlink's in-cab telematics solution from TomTom, Maxoptra's cloud-based dynamic route planning and scheduling software has already helped the company increase the efficiency of its installation and service teams, boost customer service and reduce costs.

Launch NHTV Minor in Modern Supply Chain with Samsung

Launch NHTV Minor in Modern Supply Chain with Samsung

Due to the big success of the first edition, the Academy for Urban Development, Logistics & Mobility of NHTV Breda is going to launch a new Minor in the Modern Supply Chain with Samsung SDS Europe Logistics. This Minor was launched during a fun event on 4 September.

Paul Creaney joins Maxoptra as Implementation Manager

Paul Creaney joins Maxoptra as Implementation Manager

Magenta Technology, the company behind the Maxoptra route planning and scheduling software, has recruited Paul Creaney.

Wirecard Brazil launches new white label solution with Enjoei, one of Brazilian’s biggest online fashion marketplaces

Wirecard Brazil launches new white label solution with Enjoei, one of Brazilian’s biggest online fashion marketplaces

Digital financial technology provider, Wirecard, has launched a new white label product for Enjoei, one of the biggest online fashion marketplaces in Brazil.

Major retail investment in Brazil is enhancing supply chain optimisation, states Crimson & Co

Major retail investment in Brazil is enhancing supply chain optimisation, states Crimson & Co

Supply chain operations in Brazil, which have felt the impact of the major political and economic turmoil in the country, could start to see significant improvements over the next few years, largely due to the relatively recent arrivals of major retailers, such as Amazon.

Peter Hahn relies on software solution from inconso AG for expanding logistics capacities

Peter Hahn relies on software solution from inconso AG for expanding logistics capacities

The mail-order company Peter Hahn has started the efficient expansion of logistics capacities in Winterbach, Swabia.

Cross site scripting, weak authentication and TLS still head up critical threats

Cross site scripting, weak authentication and TLS still head up critical threats

Cross Site Scripting, Weak Authentication and TLS (Transport Layer Security) configuration still account for over 60% of high and critical vulnerabilities in web applications, according to new findings by Context Information Security published today.

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.