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.

RSS

How might retailers entice consumers back to stores in 2020?

How might retailers entice consumers back to stores in 2020?

As growing numbers of retailers and brands look to entice customers back into store with an array of immersive experiences, Craig Summers, UK Managing Director, Manhattan Associates asks how retailers can reinforce innovative omnichannel experiences with the quality of in-store associate interaction.

Oracle Cloud a fit for UK digital fashion retailer

Oracle Cloud a fit for UK digital fashion retailer

UK Digital Retailer N Brown Group Plc is migrating to the cloud and extending its partnership with Oracle.

Business leaders unprepared for switch to smart supply chains despite cost reduction opportunity

Business leaders unprepared for switch to smart supply chains despite cost reduction opportunity

Businesses who resist digitalising their supply chain are at risk of failing to meet customer demands and missing out on significant cost reductions, according to new research from PA Consulting, the global innovation and transformation consultancy.

Will Coronavirus spark supply chain reviews for manufacturers?

Will Coronavirus spark supply chain reviews for manufacturers?

The Coronavirus outbreak and lock downs imposed by the Chinese government are starting to impact supply chains in sectors including pharmaceuticals, automotive and telecommunications.

AI finally making its mark in pharma as first AI-generated drug enters clinical trials, says GlobalData

AI finally making its mark in pharma as first AI-generated drug enters clinical trials, says GlobalData

In 2020, big data and artificial intelligence (AI) will continue to trend as integral parts of the future of pharmaceutical research and healthcare service delivery, says GlobalData, the data and analytics company.

Iptor appoints Daniel Bednar as new CFO

Iptor appoints Daniel Bednar as new CFO

Iptor, the distribution and supply chain management, planning and logistics software and services provider, has appointed Daniel Bednar as Chief Financial Officer and member of the Iptor Board.

Biggest Porsche Retail sale underlines Top Car demand

Biggest Porsche Retail sale underlines Top Car demand

A sale for Porsche Retail at BCA Blackbushe earlier this month set new records for the vendor, with an entry of 80 vehicles generating sale proceeds of £1.9 million and a conversion rate of 90%.

Tetra Pak launches first virtual marketplace for food and beverage manufacturers

Tetra Pak launches first virtual marketplace for food and beverage manufacturers

Tetra Pak has unveiled what it describes as the food and beverage (F&B) industry’s first full-scale virtual marketplace. It adds that the new platform, created using Mirakl SaaS Marketplace solutions, will bring convenience and ease to the industry by making purchasing of products faster, more convenient and simpler for producers.

5 steps for a successful implementation of voice-guided picking

5 steps for a successful implementation of voice-guided picking

Fast growing order volumes, a higher cost pressure and increasing demands on process quality: logistics companies are still facing the challenge of making internal warehouse processes more cost-effective, more efficient and at the same time less error prone.

Aptos simplifies store fulfilment with mobile-native app for modern retail associates

Aptos simplifies store fulfilment with mobile-native app for modern retail associates

Aptos, Inc. has launched Aptos ONE Store Fulfillment, a mobile-native application that empowers retail associates to meet the escalating demand for in-store fulfilment, including buy online, click and collect and store-to-store orders.

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.

Editorial: +44 (0)1892 536363
Publisher: +44 (0)208 440 0372
Subscribe FREE to the weekly E-newsletter