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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QAD DynaSys Announces the Release of DSCP 2019

QAD DynaSys Announces the Release of DSCP 2019

The latest demand and supply chain planning software features a new intuitive web planning experience, collaborative planning process controls and is powered by artificial intelligence and advanced supply chain analytics

Uncertainty continues to impact supply chain risk, finds Dun & Bradstreet and Cranfield University

Uncertainty continues to impact supply chain risk, finds Dun & Bradstreet and Cranfield University

The ongoing uncertainty around Brexit is encouraging many manufacturers and retailers to consider other supplier locations in low cost, higher risk countries to avoid possible trade barriers. The latest analysis in the Global Supply Chain Risk Report, produced quarterly by Cranfield University and Dun & Bradstreet, found marked increases in Supplier Criticality (up 2%) and Global Sourcing Risk (up 4.8%) in Q3 2019.

UK retailers to regain £7.23 million each year by going cashless

UK retailers to regain £7.23 million each year by going cashless

Analysing the annual revenue of the UK retailers with the fastest profit growth reveals a total potential recovery of £7.232 million each year as a result of refusing cash payments.

QuickStart Integrated Business Planning Webinars

QuickStart Integrated Business Planning Webinars

REGISTER for Webinars - 10th & 12th December.

Businesses that manage supply chains have to be able to adapt to the changing political, economic, social and technology landscape all the time.To cope with all this change globally, companies need to put together a different business operating model, which allows them to continuously update plans in a controlled manner in the light of changing economic circumstances.

Huge numbers of consumers would wait longer for goods if delivered ‘more sustainably’ - survey

Huge numbers of consumers would wait longer for goods if delivered ‘more sustainably’ - survey

A convenience trends survey commissioned by leading International branding and customer experience agency I-AM has revealed that almost three-quarters of consumers (74%) would be happy to wait longer for goods if the delivery method was more sustainable.

AI & Co.: Spotlighting the intelligent supply chain

AI & Co.: Spotlighting the intelligent supply chain

According to this, the logistics software specialist inconso will present solutions that can increase the efficiency of logistics along the entire value chain from 10 to 12 March 2020, at LogiMAT in hall 8 (stand A50), The focus will be on innovative end-to-end solution scenarios and brand-new showcases of advanced robotics. In addition, the new release of the slotting module continues to advance the AI-based development of inconso solutions.

Blockchain to save the food industry US$31 billion by 2024, driven by IoT partnerships

Blockchain to save the food industry US$31 billion by 2024, driven by IoT partnerships

New data from Juniper Research shows that blockchain will enable $31 billion in food fraud savings globally by 2024 by immutably tracking food across the supply chain. Substantial savings in food fraud will be realised from 2021 and compliance costs will be reduced by 30% by 2024.

nCipher Security survey and tips regarding Black Friday/Cyber Monday security

nCipher Security survey and tips regarding Black Friday/Cyber Monday security

Peter Carlisle, vice president of nCipher Security, looks at how consumers can keep themselves safe during this year's Black Friday/Cyber Monday deals.

How to hire, develop, and inspire Gen Z: A study from The Workforce Institute at Kronos

How to hire, develop, and inspire Gen Z: A study from The Workforce Institute at Kronos

The Workforce Institute at Kronos Incorporated has announced the final segment of a global study examining the attitudes of Generation Z1– teenagers and early 20-somethings – in the workplace to reveal how employers worldwide can most effectively attract, develop, motivate, and retain talent within the next next-generation workforce.

QAD DynaSys recognised as a major player in the IDC MarketScape Worldwide for Supply Chain Demand Planning 2019 vendor assessment

QAD DynaSys recognised as a major player in the IDC MarketScape Worldwide for Supply Chain Demand Planning 2019 vendor assessment

This research is a quantitative and qualitative assessment of the characteristics that explain a vendor's success in the supply chain demand planning space and helps assess its current and anticipated performance in the marketplace.

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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