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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BT deploys digital store pilot solution for Thomas Pink

BT deploys digital store pilot solution for Thomas Pink

BT has announced that shirtmaker and luxury clothing retailer Thomas Pink has deployed the Acuitas Digital Internet of Things (IoT) platform, which helps retailers to digitise the physical store, at its Wall Street New York City store.

AIMMS mentioned in record number of Gartner Reports in 2016

AIMMS mentioned in record number of Gartner Reports in 2016

AIMMS, the vendor of Prescriptive Analytics and Modelling software, was mentioned in a record number of Gartner reports in 2016.

2nd BME Global Pharma Supply Chain Congress 2017 in Frankfurt/Main

2nd BME Global Pharma Supply Chain Congress 2017 in Frankfurt/Main

The 2nd BME Global Pharma Supply Chain Congress of the Association for Supply Chain Management, Procurement and Logistics (BME) at the Marriott Hotel in Frankfurt takes place from 20 to 23 March 2017. Motto of this international event is "Embracing a new supply chain culture to drive the patient-centric agenda".

George East set a new benchmark for all future improvement projects with Slimstock

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The business behind some of Britain's leading kitchenware brands including Tala and ChefAid, has established a new benchmark by which all future supply chain projects will be judged.

Optimising goods-in efficiencies

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Maplin expands iForce partnership to include returns processing

Maplin expands iForce partnership to include returns processing

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Optimising the flow - Supply Chain Management Special Technology Report

Optimising the flow - Supply Chain Management Special Technology Report

Manufacturing & Logistics IT spoke to a number of key spokespeople from the vendor and analyst communities about recent developments in the world of supply chain management-related solutions – including those involving mobility, Cloud/SaaS and Big Data.

Tyco Retail Solutions honoured with 2016 Supply & Demand Chain Executive Green Supply Chain Award

Tyco Retail Solutions honoured with 2016 Supply & Demand Chain Executive Green Supply Chain Award

Tyco Retail Solutions has been recognised for its commitment to promoting and supporting sustainability initiatives for retailers.

Lamps Plus goes live with CBX Cloud to optimise product development, sourcing, quality assurance and vendor collaboration

Lamps Plus goes live with CBX Cloud to optimise product development, sourcing, quality assurance and vendor collaboration

CBX Software, the Total Sourcing Management solutions provider, has announced that Lamps Plus, the largest lighting retailer in the US, successfully went live globally on CBX Cloud to manage product development, sourcing, quality assurance and vendor collaboration.

MSL Launch New Web Portal & E-Learning Facility

MSL Launch New Web Portal & E-Learning Facility

MSL, one of the UK’s leading property maintenance companies, has just launched its new improved customer web portal to give its customers even greater transparency of their maintenance activities and spend. MSL provide the full range of reactive and compliance maintenance services to many of the UK’s well-known retail brands throughout the UK.

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.