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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Why forecasting is damaging your business

The science of supply and demand is not always as clear cut as it may seem at first glance. The system of traditional forecasting is broken, and the only way to fix it is to replace it.

Ireland's Supply Chain Security to lead agenda at The National Manufacturing and Supply Chain Conference

Ireland's Supply Chain Security to lead agenda at The National Manufacturing and Supply Chain Conference

The National Manufacturing and Supply Chain Conference, the largest gathering of manufacturing and supply chain professionals, takes place on the 31st January in the Citywest Convention Centre, Dublin with a focus on sustainability, brexit, manufacturing, renewable energy, procurement, recycling and more.

Product recall risks growing in size and number, as technology drives new triggers, warns Allianz

Product recall risks growing in size and number, as technology drives new triggers, warns Allianz

A faulty pedal causes a car to inadvertently accelerate. An outbreak of contaminated peanuts results in a 25% industry-wide reduction in sales.

TPG Capital partners with telematics aggregator Palleter to launch Sixfold, Europe's next generation supply chain visibility platform

TPG Capital partners with telematics aggregator Palleter to launch Sixfold, Europe's next generation supply chain visibility platform

TPG Capital, the global private equity platform of alternative asset firm TPG, and Palleter, a visibility and prediction-based telematics aggregator, has announced that they are partnering to create a leading supply chain visibility platform in Europe, Sixfold.

The convergence of blockchain and SD-WAN in manufacturing

The convergence of blockchain and SD-WAN in manufacturing

Atchison Frazer of Talari, explores how two emerging technologies are coming together to help shape the future of manufacturing and supply chain IT.

New website focuses on Transdek’s unique total supply chain solutions expertise

New website focuses on Transdek’s unique total supply chain solutions expertise

Freight in the City exhibitor Transdek UK has launched a new website to deliver an easy to navigate resource that highlights the total solutions approach the company provides. This uniquely spans both trailer and loading bay design to enhance both the efficiency and the synergy between the two.

Logility acquires Halo Business Intelligence to expand advanced analytics

Logility acquires Halo Business Intelligence to expand advanced analytics

Logility, Inc., provider of collaborative supply chain optimisation and advanced retail planning solutions, has acquired privately-held Halo Business Intelligence, a San Diego-based supplier of advanced analytics and business intelligence solutions for the supply chain market.

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Gartner announces rankings of its 2017 Healthcare Supply Chain Top 25

Gartner, Inc. has released its ninth annual Healthcare Supply Chain Top 25 ranking. The ranking recognises companies across the healthcare value chain that demonstrate leadership in improving human life at sustainable costs.

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Black Friday week – don’t forget the importance of your returns strategy

By Matthew Robertson, Co-CEO, NetDespatch.

As we head towards Black Friday, retailers are once again fully focussed on what will be the biggest UK shopping period of the year. With analysts predicting that consumers will spend in excess of £7 billion over Black Friday week in 2017, retailers can be forgiven for adopting a 'stack 'em high and ship 'em fast' mentality, in a bid to cash in.

CML advises businesses on how to utilise logistics at Brexit Procurement & Supply Chain Forum

CML advises businesses on how to utilise logistics at Brexit Procurement & Supply Chain Forum

On the 15th of November, Paul Bambrough-Smith, Global Logistics Manager at CML, was invited to speak at the Brexit Procurement & Supply Chain Forum at the Millennium Gloucester Hotel in London.

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.

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