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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French election victory reduces supply chain risk in Europe

French election victory reduces supply chain risk in Europe

Western and Central Europe's contribution to global supply chain risk fell in Q2 2017 to 29.94%, compared with 30.14% in Q1, according to the CIPS Risk Index, powered by Dun & Bradstreet.

Increased appetite for last mile logistics boosts H1 returns, says CBRE

Increased appetite for last mile logistics boosts H1 returns, says CBRE

The Logistics property sector recorded a 5.0% total return for the first half of 2017, according to figures released in the CBRE UK Logistics Index.

Oracle empowers organisations to meet accelerating market changes with major innovations to Supply Chain Management Cloud

Oracle empowers organisations to meet accelerating market changes with major innovations to Supply Chain Management Cloud

To help organisations meet rapidly changing business demands, Oracle has announced significant expansions to Oracle Supply Chain Management (SCM) Cloud.

Supply Chain Management Strategies Summit

Supply Chain Management Strategies Summit

27 – 29 November 2017 | Berlin, Germany

The latest technologies & strategies for visibility, flexibility and speed

The SCMS Summit covers a number of key areas pivotal to improving the power of your supply chain.

The self-learning supply chain: Turning manufacturing into a self-adjusting process

The self-learning supply chain: Turning manufacturing into a self-adjusting process

By Marcus Malinen, Vice-President of Europe, Middle East, Africa and Russia, Quintiq, a Dassault Systèmes brand.

A key challenge for manufacturers is the need to be ready to meet their customers' demands at all times, but without holding stock unnecessarily.

Legacy infrastructure holding back digital transformation of consumer goods supply chain

Legacy infrastructure holding back digital transformation of consumer goods supply chain

Struggles with the complexity of legacy systems are preventing consumer goods companies from achieving digital supply chain maturity and realising the benefits of end-to-end visibility and real-time access to data, according to research by EVRYTHNG, the Internet of Things Smart Products Platform.

Sustainable supply chains have never been more important

Sustainable supply chains have never been more important

By Nigel Crunden, business specialist at business solutions provider Office Depot.

With an ever-growing number of consumers favouring companies that demonstrate a commitment to adopting an eco-friendly approach, businesses that take steps to reduce their environmental impact stand to gain significant reputational benefits.

58% of business leaders prioritise trade for Brexit negotiations

58% of business leaders prioritise trade for Brexit negotiations

MarketInvoice, the business finance company, conducted a wide ranging survey1 of UK businesses, seeking their views on Brexit, the role of Government and finance.

Collaboration between Log-hub and 3SC to realise cost savings in the supply chain based on new Indian tax regime (GST)

Collaboration between Log-hub and 3SC to realise cost savings in the supply chain based on new Indian tax regime (GST)

The digital B2B marketplace for warehousing, Log-hub AG from Switzerland, and the Indian Supply Chain specialist 3SC are now collaborating on the Indian market. Both companies are technology based and offer advanced analytics based transportation and warehousing solutions.

Sana Commerce named Microsoft Dynamics ISV Partner of the Year

Sana Commerce named Microsoft Dynamics ISV Partner of the Year

Sana Commerce has been crowned Microsoft's Independent Software Vendor of 2017 for Western Europe.

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.