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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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.

Infor brews better business processes for Fuller's

Infor brews better business processes for Fuller's

Infor, provider of business applications specialized by industry and built for the cloud, has announced that Fuller, Smith and Turner P.L.C. (Fuller's), an independent British brewer with a portfolio of almost 400 pubs, has chosen Infor CloudSuite Food & Beverage as the basis of a radical business process transformation project to drive growth.

UK manufacturer Fox’s Biscuits streamlines production and service levels to retailers after deploying FuturMaster supply chain technology

UK manufacturer Fox’s Biscuits streamlines production and service levels to retailers after deploying FuturMaster supply chain technology

Fox's, the £250m UK biscuit company, has improved its forecasting, manufacturing and promotions planning practices after implementing new supply chain technology from specialist vendor FuturMaster.

Furniture company to adopt EIT Digital smart retail platform

Furniture company to adopt EIT Digital smart retail platform

Customers of furniture company Ostermann won't need to spend time browsing store shelves anymore. An indoor navigation solution developed by Italian company Reply as part of the Street Smart Retail initiative of EIT Digital, will make sure they find the items they are looking for with ease.

Drax optimises UK's renewable fuel supply with Quintiq

Drax optimises UK's renewable fuel supply with Quintiq

Quintiq, a Dassault Systèmes company and provider of supply chain planning and optimisation (SCP&O), has improved planning processes at Drax, the producer of renewable power in the UK.

Maersk and IBM unveil first industry-wide cross-border supply chain solution on blockchain

Maersk and IBM unveil first industry-wide cross-border supply chain solution on blockchain

IBM and Maersk have announced a new collaboration to use blockchain technology to help transform the global, cross-border supply chain.

DynaSys Demand & Supply Chain Planning Webinar

DynaSys Demand & Supply Chain Planning Webinar

DynaSys Demand & Supply Chain Planning Webinar -Tuesday 21st March 2017 - 13:00 GMT

For a manufacturer, the goal of effective supply chain planning is to meet your customer requirements and balance production resources whilst maximising revenue and profit.

IoT heading for mass adoption by 2019 driven by better-than-expected business results

IoT heading for mass adoption by 2019 driven by better-than-expected business results

A new global study 'The Internet of Things: Today and Tomorrow' published by Aruba, a Hewlett Packard Enterprise company, reveals that IoT will soon be widespread as 85% of businesses plan to implement IoT by 2019, driven by a need for innovation and business efficiency.

Route Genie partnership helps Volo Commerce customers to further streamline delivery processes

Route Genie partnership helps Volo Commerce customers to further streamline delivery processes

Route Genie, the advanced carrier management software, has agreed a strategic partnership with Volo Commerce, the multichannel ecommerce technology and services provider, to enable online retailers to modernise and streamline their delivery models.

2016 the year of economic nationalism as supply chain risk reaches record high

2016 the year of economic nationalism as supply chain risk reaches record high

Global supply chain risk grew to a record high at the end of 2016 as the CIPS Risk Index, powered by Dun & Bradstreet, rose to 82.64, from 79.14 at the end of 2015.

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.