Bamboo Rose, the collaborative product development, sourcing, and supply chain platform for global retailers, has acquired UK-based Supply Pilot. Together, Bamboo Rose and Supply Pilot will empower active supplier engagement throughout the entire retail lifecycle, from ideation to delivery.
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.
Teva leverages temperature and theft tracking from FourKites to deliver critical medicines globally
Oct 23, 2023
FourKites has announced that Teva, a global provider of generic medicines, has achieved a 0.005% incident rate by leveraging FourKites’ global carrier visibility solution, NIC-Place.
UK Warehousing Association announces ‘Year of Warehousing’ for 2024
Oct 23, 2023
The UK Warehousing Association (UKWA) has announced that 2024 will see the launch of a high profile, year-long campaign to highlight the critical role of warehousing in supply chains, the sector’s major contribution to the UK economy, essential employment of 1m people, and the key role it is set to play in embracing solar power to achieve UK’s net zero goals.
Network visibility — the first step towards supply chain agility
Oct 19, 2023
By Andreas Martin, Director Software Quality & Support – 4flow software.
If you’re reading this, then you’re probably no stranger to supply chain disruptions. Disruptions are an undeniable occurrence in supply chain. Yet while they may be difficult to prevent, it is entirely possible to increase agility in order to withstand and quickly recover from them.
UK exports not expected to recover before 2026
Oct 18, 2023
The value of goods exported from and imported into the UK will decline by 3.2% and 0.8% in real terms in 2023, research from business insurer QBE has found, with exports failing to fully recover before 2026, reflecting the slowdown in world and UK growth.
UK retailers lagging behind US When it comes to consumer experiences
Oct 17, 2023
New research from Kin + Carta, the global digital transformation consultancy, has revealed that UK retailers are falling short when it comes to coherent experiences across their physical and digital footprints, potentially leading to loss of revenue. A stark contrast to retailers in the US.
Addressing fraud in the supply chain: Proposed changes for the FMCSA
Oct 17, 2023
The Transportation Intermediaries Association (TIA), the premier organisation for third-party logistics professionals, drafted the below proposed changes for the FMCSA.
Transforming supply chain performance and security – the SI opportunity
Oct 16, 2023
Supply chain disruption is predicted to cost organisations around the world an average of US$184 million per year and demand is surging for better end to end visibility to improve resilience and response to disruption.
Supply chain leaders highlight the benefits of warehouse and order management systems for peak season success
Oct 16, 2023
More than three-quarters (77%) of supply chain executives believe that investing in a modern warehouse management system (WMS) or order management system (OMS) would help them to be more profitable during peak season, according to a recent survey led by Deposco of 200 supply chain executives, working for European retailers, manufacturers, wholesalers, or 3PL/4PL firms.
Challenges and Solutions in Intermodal Trucking Logistics
Oct 16, 2023
By Matt Stevens, freelance writer.
Intermodal trucking has been heavily used in recent years to cover distance and reduce transport costs. However, this method also presents challenges that must be surpassed to ensure a safe shipment.In order to address some of the challenges that intermodal trucking faces and some of their possible solutions, let's first talk a bit about what intermodal trucking is.
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.
