2018 is set to be a challenging year for the Retail and Delivery industries, with customers' expectations ever rising: click-and-collect is set to grow by 55.6% over five years and eCommerce accounting 22.2% of retail sales, the highest share ever. Equally, inflationary pressures mean it is simply not good enough to pass the cost down to customers: retailers and couriers have to be increasingly imaginative about delivering more with fewer resources.
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.
March's EDX to feature the latest innovations in retail delivery, supply chain and fulfilment: Read the predictions
Feb 14, 2018 Comments (0)
Feb 14, 2018 Comments (0)
Neil Harvey, CTO of Kirona, considers the implications of the Industrial Strategy white paper on the retail sector and asks; is there such a thing as a perfect balance, and what benefits can technology have on workforce productivity?
Feb 07, 2018 Comments (0)
"What we want, when we want it" – that is the mentality of the 2018 customer. Customer behaviour has dramatically changed, with "click and collect" and "same day delivery" now an expectation for the vast majority.
Feb 01, 2018 Comments (1)
A new GDPR-ready customer journey management solution, which adds value through a host of pre-existing, flexible, integrated modules and real-time analytics, has been launched by Qmatic, the Customer Journey Management solutions provider.
Feb 01, 2018 Comments (0)
Children's product group Prénatal Retail will use Relex Solutions' system to integrate the supply chain management of three well-known childcare brands – Prénatal, Toys Center and Bimbostore.
Jan 30, 2018 Comments (0)
Office Depot, Inc., the omnichannel provider of business services, products and technology, selected Oracle Cloud Applications to modernise its IT systems and transform its business processes to meet the demands of today's digital economy.
Jan 23, 2018 Comments (0)
SEMI has announced that SEMI Europe's Industry Strategy Symposium (ISS Europe), coming on the heels of the highly successful ISS 2018 in the U.S., will highlight STEM education and a talent pipeline, critical issues to electronics manufacturing executives sharpening their competitive edge in the global supply chain.
Jan 18, 2018 Comments (0)
Digitalisation paves the way for more reliable planning when implementing complex, large-scale projects and the accompanying logistics processes.
Jan 18, 2018 Comments (0)
Ivanti is accelerating migration to the Android-powered supply chain with the introduction of Velocity 2.0, powered by Wavelink.
Jan 11, 2018 Comments (0)
Iptor Supply Chain Systems (Iptor) has reached an agreement with IBM to provide a range of powerful, fully managed cloud infrastructure and managed service offerings to Iptor's existing and future customers.
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.