LCP advises retailers to manage their international logistics with more care in the lead up to Christmas...
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.
Tesco builds Dot Com Only Store for grocery home shopping fulfillment
Nov 12, 2009
Tesco has taken a major step forward in handling the picking and delivery of groceries ordered via the Tesco.com website by building a dedicated Dot Com facility
Global Foods upgrades to BCPs Accord
Nov 06, 2009
Global Foods, the Cardiff based Cash and Carry wholesaler, has opted to replace its IT system with an Accord solution from supply chain solutions specialist Business Computer Projects Ltd (BCP).
JDA Software Group to acquire i2 Technologies
Nov 05, 2009
JDA Software Group Inc. and i2 Technologies, Inc.today announced the signing of a definitive merger agreement for JDA Software to acquire i2 Technologies, Inc., a leading global provider of supply chain solutions, for an enterprise value of approximately $396 million.
Synchronizing Supply Chain Applications with Continuous Change
Nov 04, 2009
The value of an efficient supply chain and its use as a competitive lever can only come when it is in continuous alignment with changing business conditions and market trends.
Formula One Management and Yas Marina Circuit appoints Agility
Oct 30, 2009
Agility has been appointed by Formula One Management to be the official customs clearing and on-site handling agent for all Formula 1 shipments during the inaugural 2009 Formula 1 Etihad Airways Abu Dhabi Grand Prix.
Paris Gallery goes live with Oracle Retail applications
Oct 30, 2009
Paris Gallery, a leading luxury retailer in the Middle East, has implemented Oracle Retail and Oracle E-Business Suite applications to help support aggressive growth strategies.
HighJump Software expands in South Africa with new associate iWMS
Oct 30, 2009
HighJump Software, a global provider of supply chain execution solutions, has entered into a definitive agreement with South African-based iWMS to serve as HighJumps associate for the South Africa region.
Infor Flex Programme drives customers to return to maintenance in record numbers
Oct 30, 2009
Customers are reinstating previously discontinued maintenance agreements in record numbers, largely due to the Infor Flex programme, which provides customers a fast, flexible and cost effective path to adopt Infor's latest product developments.
Social Marketing & Supply Chain Management: The Next Consumer Data Challenge and Opportunity
Oct 14, 2009
Social marketing tools and Web 2.0 technologies now permeate our everyday lives
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.
