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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Logility University introduces courses to help accelerate supply chain optimisation and retail planning improvement

Logility University introduces courses to help accelerate supply chain optimisation and retail planning improvement

Logility, Inc., provider of collaborative supply chain optimisation and advanced retail planning solutions, has announced the opening of Logility University, an education programme designed to deliver robust product-specific curriculum to customers and partners.

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Inter Cars strengthens its presence in Europe with successful digital transformation

Inter Cars SA, the second largest distributor of automotive parts in Europe, has launched a unified B2B e-commerce system to speed up its expansion in Europe.

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'Amazon effect' will grow as retail challenges increase, says Blue Yonder

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Wolseley collaborates with Hitachi Consulting in supply chain transformation project

Hitachi Consulting, a subsidiary of Hitachi, Ltd and provider of consulting-led solutions and services, has entered into a new relationship with Wolseley UK, the UK plumbing, heating and cooling trade specialist, and part of Ferguson plc, the worldwide distributor of plumbing and heating products.

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The John Lewis Partnership creates new cloud-based business archive with Preservica

The John Lewis Partnership, one of the UK's leading retail businesses, has selected digital preservation specialist Preservica to build a secure cloud-based business archive.

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Sharps Bedrooms delivers with Maxoptra Automation

Since introducing a new technology to automate the routing and scheduling of its delivery fleet, Sharps Bedrooms has realised around 600 man hour savings and significantly reduced the need for third party transport contractors, saving £12,000 a year.

XPO Logistics expands support of Daloon Foods

XPO Logistics expands support of Daloon Foods

XPO Logistics has renewed its longstanding supply chain support of Daloon Foods, part of the Izico Food Group. Daloon is a top producer of frozen ethnic and meat-free products sold under its brand name and private label.

Taking risks and increasing the pace of innovation will be key to retailers’ survival, says Conversity

Taking risks and increasing the pace of innovation will be key to retailers’ survival, says Conversity

Following a 22 per cent decline in profits last year, John Lewis has promised to "reinvent" its high street stores and improve the customer experience, by embracing innovation more readily.

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Four in five IT SME bosses face recruitment and retention issues

The latest Aldermore Future Attitudes report reveals that four in five (80%) of SMEs in the IT sector, representing 270,280* small and medium sized business across the UK, find it difficult to hire qualified staff members or keep existing talent in the company.

Omnichannel, mobile, marketing and more at IRX and EDX 2018

Omnichannel, mobile, marketing and more at IRX and EDX 2018

IRX and EDX 2018 are just around the corner. Visit the shows from 21-22 March at the NEC Birmingham for two days of thought-provoking discussion, events and content on the hottest retail topics.

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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