By Ken Jackson, freelance writer
If your business requires shipping high value but low volume cargo, you’re probably considering air freight services. But there is often understandable hesitancy about actually following through with this idea.
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.
Sep 16, 2021 Comments (0)
By Ken Jackson, freelance writer
Acorn Industrial Services transforms their distribution operation with ‘PODStar’ Proof of Delivery system from Touchstar Technologies
Sep 15, 2021 Comments (0)
Acorn Industrial Services Ltd is part of Axel Johnson International, a global industrial group of more than 120 companies in 28 countries. Supplying genuine, high quality engineering and maintenance products, and with over thirty years’ experience in distribution, Acorn has built a strong reputation for outstanding customer service, product choice and customer solutions.
Sep 15, 2021 Comments (0)
By Jamil Ahmed, Distinguished Engineer at Solace.
Brexit and COVID continue to cause ripples across the UK, with the record shortage of haulage drivers causing havoc for the country’s businesses. With a shortage of over 100,000 drivers, it’s not surprising the economy is suffering. Heavyweights like Wetherspoons and McDonalds, and Ikea have all reported missing inventory and delivery issues in the last few weeks.
FourKites and Zebra Technologies expand relationship, bringing end-to-end visibility to North American and European customers
Sep 14, 2021 Comments (0)
FourKites, the real-time supply chain visibility platform, has announced that Zebra Technologies Corporation will be reselling FourKites’ Dynamic Yardand real-time visibility platform as part of its suite of asset visibility solutions.
Cross-border demand for luxury purchases driving post-Covid recovery as global D2C demand increases by 50% in 2021
Sep 08, 2021 Comments (0)
Luxury goods were the fastest growing cross-border ecommerce category in the first half of 2021, increasing by 50% compared to the end of 2020. With global demand for luxury being driven by shoppers from China, UAE, South Korea and India, increasingly consumers are now happy to forego the ‘white-glove’ in-store experience for online convenience, the latest data from eShopWorld (ESW) reveals.
`Taking stock of technology could help SMEs build resilience amid supply chain volatility,` states Thrasio
Sep 08, 2021 Comments (0)
As businesses around the UK continue to contend with unprecedented global supply shortages, Thrasio has been quick to assert the importance of a technological-driven approach to supply chain management in order to build resilience.
Sep 07, 2021 Comments (0)
By Paul Empson, General Manager, Bakers Basco.
Barely a day goes by without news alerts pinging up with another new development on the current national driver shortage crisis sweeping across the nation. From Nando’s chicken to McDonald’s milkshakes to Haribo sweets, the food industry’s battle continues, wreaking havoc across the supply chain as companies and hauliers warn that they can no longer guarantee all pick-ups and deliveries.
Sep 01, 2021 Comments (1)
Recently, supply chain and retail technology experts, Manhattan Associates researched the impact COVID-19 has had on consumer expectations and demands, driven by an accelerated shift to digital and its catalytic effect on ecommerce growth (which looks set to continue in 2021, albeit at a slower rate of 14.3%).
Nearly one-third of major retailers say the pandemic’s impact will be permanent, according to Taulia
Sep 01, 2021 Comments (0)
Following the unprecedented effects of COVID-19, retail businesses are focused on permanently shifting to online retail channels, according to Taulia, the fintech provider of working capital solutions.
Aug 31, 2021 Comments (0)
By Mohan Naidu, FPT UK Managing Director.
The international shipping industry is responsible for the carriage of around 90% of world trade.
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.