Trade studies help us ensure that a proposed solution best meets conflicting performance and cost requirements. But many of us dont know that you can analytically and objectively conduct your trade studies well before you engineer anything.
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.
Seminar 15th July -Developing a sustainable B2B integration strategy
Jun 11, 2010
Exclusive SEEBURGER seminar, in association with P&O Ferrymasters. Stephen Walters, IT Director of P&O Ferrymasters shares his knowledge on developing a successful B2B integration strategy.
Systems engineering - the foundation for success in complex systems development.
Jun 10, 2010
This white paper looks at a number of key techniques to optimize the systems engineering process and help ensure project success.
International Business Systems (IBS AB) launches IBS Distribution Intelligence, a distribution-focused business intelligence suite
Jun 09, 2010
IBS introduces the first in a wave of strategic product announcements for Scalable Distribution.
Chase makes EDI easy with MosaicEDI managed services offering
Jun 09, 2010
EDI integration processes have become a fundamental requirement for companies wishing to improve trading efficiency while lowering transaction costs.
Infor acquires Bridgelogix
Jun 09, 2010
Infor, provider of business software for mid-market companies, has acquired Bridgelogix, an Infor solution partner and barcode data collection solutions provider.
Cable&Wireless Worldwide goes the extra mile for its customers, with help of emergency logistics services
Jun 09, 2010
Telecoms giant Cable&Wireless Worldwide enlisted the help of an emergency logistics specialist to transport vital electronic components for a customer.
Lacoste licensee Devanlay selects Manhattan Associates to optimise supply chain performance and enhance service levels
May 31, 2010
Global supply chain optimisation provider Manhattan Associates, Inc. has announced that Devanlay Group has selected multiple components from the Manhattan SCOPE supply chain solutions suite.
RedPrairie acquires leading on-demand warehouse management (WMS) provider, SmartTurn
May 31, 2010
RedPrairie Corporation has announced that it has completed the acquisition of SmartTurn, the leading on-demand inventory and WMS provider.
Trade Agreement Management Best Practices
May 28, 2010
Learn Best Practices & Maximise Your Benefits from Free Trade Agreements
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.
