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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MediaMarkt Sweden looks to Relex to transform its supply chain

MediaMarkt Sweden looks to Relex to transform its supply chain

MediaMarkt Sweden has selected Relex to automate and optimise its supply chain. Relex, whose retail planning solutions have delivered impressive results for customers worldwide, will replace the retailer's largely manual supply chain management processes.

Cyberbit’s new Endpoint Detection and Response release advances cybersecurity with adaptive, automated capabilities

Cyberbit’s new Endpoint Detection and Response release advances cybersecurity with adaptive, automated capabilities

Cyberbit has announced a new version of its adaptive Endpoint Detection and Response (EDR) platform, which now provides advanced and semi-automated threat hunting, centralised response capabilities, and an improved Software Developer Kit (SDK) for detection customisation.

Queen’s Award Winner Peli BioThermal presents insight and innovation at LogiPharma 2017

Queen’s Award Winner Peli BioThermal presents insight and innovation at LogiPharma 2017

Mitigating supply chain risks and excursions will be at the top of the agenda for the Peli BioThermal team attending LogiPharma in Europe.

NeoGrid’s Chief Operating Officer to co-present session at 2017 Gartner Supply Chain Executive Conference in Phoenix, AZ

NeoGrid’s Chief Operating Officer to co-present session at 2017 Gartner Supply Chain Executive Conference in Phoenix, AZ

NeoGrid, a global technology provider of end-to-end supply chain management solutions, has announced that chief operating officer Gilson Torii will co-present a session at the 2017 Gartner Supply Chain Executive Conference scheduled for 22-25 May in Phoenix, Arizona.

Only 34 per cent of manufacturing executives believe their staff take cyber security seriously

Only 34 per cent of manufacturing executives believe their staff take cyber security seriously

The government's Cyber Security Breaches Survey: 2017 demonstrates UK business' soft underbelly when it comes to cyber-attack vulnerability.

UK supply chain and logistics sector driven by innovation as it looks to overcome Brexit hurdles

UK supply chain and logistics sector driven by innovation as it looks to overcome Brexit hurdles

The recently held Multimodal Show at the NEC saw leading businesses from across a range of sectors that are at the heart of the future for the UK supply chain, logistics and shipping industries.

HellermannTyton heads for the Cloud with Infor CloudSuite Distribution Enterprise

HellermannTyton heads for the Cloud with Infor CloudSuite Distribution Enterprise

Infor has announced that cable management manufacturer, HellermannTyton, has invested in Infor CloudSuite Distribution Enterprise.

Dassault Systèmes digitalises the value creation process for Industry 4.0 initiatives at Hannover Messe

Dassault Systèmes digitalises the value creation process for Industry 4.0 initiatives at Hannover Messe

At Hannover Messe 2017, Dassault Systèmes will demonstrate how the 3DEXPERIENCE platform supports companies in any industry that are implementing industry 4.0 initiatives to digitally connect all departments along the value-added chain.

Optimising the manufacturing supply chain

Optimising the manufacturing supply chain

This year's M3 User Association UK Conference (M3UA UK), held at Best Western Plus Meriden Manor Hotel in Solihull, West Midlands on 1 and 2 March, was again well-attended; exceeding last year's numbers with a total over 120 people attending over the two days.

Advanced Supply Chains wins Decathlon contract

Advanced Supply Chains wins Decathlon contract

Logistics operator, Advanced Supply Chain Group (ASCG), has won a £1 million a year distribution services contract with sports retailer Decathlon.

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.