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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Mitsubishi Heavy Industries Machinery Systems maximises product uptime with Syncron

Mitsubishi Heavy Industries Machinery Systems maximises product uptime with Syncron

Syncron has announced that Mitsubishi Heavy Industries Machinery Systems, Ltd. (MHI MS) has selected Syncron Inventory to optimise service parts inventory management for its industrial printing and paper converting machinery.

Digital deliveries

Digital deliveries

By Mattan David, Supply Chain and IoT Director, Polymer Logistics.

Sensor-equipped pallets and roll cages can provide highly accurate location, temperature and humidity data, meaning that products reach retailers at the right time and in perfect condition. Polymer Logistics explains how these Internet of Things-enabled technologies are creating the smarter supply chains of tomorrow.

TU Berlin and 4flow develop multiscale data structures and algorithms for supply chain planning

TU Berlin and 4flow develop multiscale data structures and algorithms for supply chain planning

How can very large networks be designed more intelligently and efficiently? 4flow, a provider of supply chain consulting, software, and 4PL services, collaborated with the Combinatorial Optimization & Graph Algorithms Group (COGA) at the Technical University of Berlin in Germany in order to answer this question.

How can food stockpiling be managed amid a no-deal Brexit?

How can food stockpiling be managed amid a no-deal Brexit?

Following news that Domino’s Pizza Group has spent £7m stockpiling ingredients in preparation of a no-deal Brexit, companies across the supply chain are facing the challenge of finding additional storage and cooling solutions to cope with demand.

Hermes drives enhanced delivery experience with new app launch

Hermes drives enhanced delivery experience with new app launch

Hermes, the consumer delivery company, has finalised the roll-out of its new app that enables retailers to deliver an enhanced consumer experience. This new development provides online shoppers with increased visibility, as well as more choice and control over how they receive their parcels.

Supply chain impact: Trumps tariff warning rocks global markets

Supply chain impact: Trumps tariff warning rocks global markets

By Slimane Allab, EMEA General Manager and SVP, LLamasoft.

The ongoing US/China trade war affects businesses’ supply chains in a variety of ways and not just in terms of increased taxes and tariffs.

The NX Group optimises high-tech distribution operation with Paragon’s routing and scheduling software

The NX Group optimises high-tech distribution operation with Paragon’s routing and scheduling software

The NX Group, a provider of secure supply chain solutions for the high-tech, beauty, and food and beverage sectors, has adopted Paragon’s routing and scheduling software to streamline transport planning and meet diverse customer requirements.

Over a third of supply chain professionals do no monitor for modern slavery convictions

Over a third of supply chain professionals do no monitor for modern slavery convictions

Over a third (38%) of senior UK supply chain professionals say they do not have processes in place to check if a supplier has been convicted of modern slavery infringements, according to research from national law firm Weightmans.

European canned veg supplier harvests supply chain forecasting

European canned veg supplier harvests supply chain forecasting

Bonduelle, the supplier in Europe for canned vegetables and second largest for frozen veg, is close to completion of a supply chain transformation project that has helped the manufacturer reduce wastage and predict with pinpoint accuracy what’s most likely to sell in different parts of the world, following the implementation of demand forecasting software through FuturMaster.

Pepkor Europe selects Oracle Cloud as a platform for growth

Pepkor Europe selects Oracle Cloud as a platform for growth

Pepkor Europe, the pan-European variety discount retailer, has chosen Oracle Cloud to support the planned future growth of its brands, PEPCO, Poundland and Dealz.

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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