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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International SAP Conferences on Extended Supply Chain and IoT - November 3-4, The Hague, Netherlands.

International SAP Conferences on Extended Supply Chain and IoT - November 3-4, The Hague, Netherlands.

6 Events, 1 Venue, 600 Attendees. Join us at the International SAP Conferences on Extended Supply Chain and IoT, the first event of its kind, bringing together SAP’s entire Extended Supply Chain solution portfolio across six events in one location

Gartner announces ranking of top European supply chain organisations for 2016

Gartner announces ranking of top European supply chain organisations for 2016

Gartner, Inc., revealed its 2016 ranking of the top 15 supply chain organisations based in Europe at its annual Supply Chain Executive Conference, held from 19-20 September in London.

BEC secures one of its largest hardware deals in its company history with Malcolm Logistics

BEC secures one of its largest hardware deals in its company history with Malcolm Logistics

BEC (Systems Integration) Ltd has recently secured one of its largest hardware deals in its company history, thanks to a recent contract win with long-term business partner Malcolm Logistics, one of the UK's leading providers of logistics services.

Manhattan Exchange EMEA 2016 to shine spotlight on delivering a fulfilling customer experience

Manhattan Exchange EMEA 2016 to shine spotlight on delivering a fulfilling customer experience

Manhattan Associates, Inc. has announced a powerful line-up of keynote speakers for its Exchange EMEA conference to take place October 5-6 at Hotel du Collectionneur in Paris, France.

AstraZeneca selects LLamasoft as supply chain design partner of choice

AstraZeneca selects LLamasoft as supply chain design partner of choice

LLamasoft, the supply chain design software and solutions provider, has announced that following a number of successful projects, AstraZeneca has selected LLamasoft's Supply Chain Guru and Data Guru as tools of choice for supply chain modelling.

ByBox unveils Metro campaign for London

ByBox unveils Metro campaign for London

International technology company, ByBox, is unveiling its latest solution to tackling demanding supply-chains, ByBox Metro.

JDA powers the always-on supply chain with latest JDA Manufacturing Planning release

JDA powers the always-on supply chain with latest JDA Manufacturing Planning release

Increased demand volatility, business velocity and intense competition are placing increased pressures on supply chains to be responsive to disruptions and changes.

Six tips for taking stock ahead of the Christmas shopping season

Six tips for taking stock ahead of the Christmas shopping season

By Michele Dupré, group vice president of retail, hospitality and distribution for Verizon.

While summer may still be top of mind for consumers, the retail industry is laser-focused on preparing for the 2016 Christmas season.

IBS rebrands as Iptor Supply Chain Systems with promise to help distributors ‘rule the exception’

IBS rebrands as Iptor Supply Chain Systems with promise to help distributors ‘rule the exception’

International Business Systems (IBS), the provider of supply chain management, planning and logistics software and services, has announced its global rebrand as Iptor Supply Chain Systems.

Harnessing lean manufacturing in the factory of the future

Harnessing lean manufacturing in the factory of the future

Global manufacturing supply chains face regular challenges: rising material and energy costs, smaller, local competitors offering lower prices and, studies now show, $900 billion lost in waste. In order to survive, manufacturers need to shift their mind-set, adapting existing processes to work with greater efficiency and precision.

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.