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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John Lewis & Partners targets greater store efficiencies with Paragon

John Lewis & Partners targets greater store efficiencies with Paragon

John Lewis & Partners has implemented Paragon’s Live Management software to increase the efficiency of its nationwide operation.

A ‘Pragmatic’ approach to storage and distribution of UK manufactured components will ensure car plants won’t stall following a No-deal Brexit

A ‘Pragmatic’ approach to storage and distribution of UK manufactured components will ensure car plants won’t stall following a No-deal Brexit

UK automotive manufacturers needn’t fear being hit by unexpected delays or new tariffs imposed on EU-sourced components following a no-deal Brexit, argues B.G. Bullas’ Managing Director, Nathalie Wheeldon, in a new industry study. She believes there are many UK component manufacturers able to plug sudden breaks in supply chains, when combined with a pragmatic approach to storage and distribution.

Gen Z driving retail’s cashierless future

Gen Z driving retail’s cashierless future

To borrow that famous quote from the great American author Mark Twain, reports of the death of the physical retail store have been greatly exaggerated.

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Three trends that will disrupt MEA’s supply chain industry in 2019

Thanks to customer expectations, the supply chain, and logistics industry have evolved significantly over the past few years. Brick and mortar processes of delivering goods and services are just not good enough. Hence, surfaces the need to deploy technologies that empower business to keep up with customers.

4 Reasons Why Security Seals are Essential for the Aviation Industry

4 Reasons Why Security Seals are Essential for the Aviation Industry

The aviation industry is vital to the health of world trade and logistics. Manufacturers rely on airlines daily to get their products and people where they need to be. Over the past few decades, there has been a significant shift in the use of security seals on aircrafts.

Adapting to a Digital World - Agile, Collaborative and Innovative Supply Chain Management

Adapting to a Digital World - Agile, Collaborative and Innovative Supply Chain Management

T|A|C Events are delighted to announce Digital Supply Chain will be returning from 12-13 March next year in Amsterdam, the Netherlands.

This event will focus specifically on the latest technologies and solutions that are revolutionising the world of supply chain.

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Katana launches Smart Workshop Software

Katana, the smart workshop software company, has launched what it describes as the first-ever Smart Workshop Software, providing small manufacturers with affordable and easy to use inventory and production management.

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ContentSquare helps IKEA to unearth ‘previously undiscoverable’ digital insights at speed

ContentSquare helps IKEA to unearth ‘previously undiscoverable’ digital insights at speed

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How to avoid a logistical nightmare on Black Friday and beyond…

How to avoid a logistical nightmare on Black Friday and beyond…

Research suggests logistics companies are struggling to keep pace with rising online sales. Making it easier to recruit temporary staff would help to get them back on track, says TempRocket’s Andrew Johnston.

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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