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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How has Brexit affected logistics and handling services?

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Since the beginning of the year, the impact of Brexit has had a clear effect on every stage of the logistics process, from transport fees and new limitations to restrictions on imported goods, according to new research by flexible logistics platform Trident Worldwide.

Renovotec and Italian hi-tech Custom Group agree UK distribution deal

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Supply chain hardware, software and services company Renovotec has struck a distribution deal with Custom SpA, an Italian multinational group and hi-tech solutions company. Custom was founded in 1992 and has extensive experience in retail POS (point of sale), kiosk and self-service solutions.

Logility positioned as a Leader in the 2021 Gartner Magic Quadrant for Supply Chain Planning Solutions

Logility positioned as a Leader in the 2021 Gartner Magic Quadrant for Supply Chain Planning Solutions

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5 Technologies the Supply Chain Industry Cannot Avoid in 2021

5 Technologies the Supply Chain Industry Cannot Avoid in 2021

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Iptor has acquired The Mesa Group, a long-standing Iptor Gold Partner. Following Iptor’s new ownership announcement in 2020, in which Bregal Unternehmerkapital, Jayne Archbold (CEO) and Christopher Catterfeld (CMO) took ownership of the business, the acquisition builds towards the ‘Iptor 22 Strategic Growth Plan’ objectives and is the first phase of increasing its US footprint.

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Business ecosystems have expanded over the years owing to the many benefits of diverse, interconnected supply chains, prompting organizations to pursue close, collaborative relationships with their suppliers.

Blue Yonder expands relationship with Heineken to plan volatile demand in fast-changing world

Blue Yonder expands relationship with Heineken to plan volatile demand in fast-changing world

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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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