Senior executives in internationally dynamic software firms say that the current economic crisis will not significantly affect their European business models.
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.
Transportation and logistics industry has most successful extra-marital relations
May 05, 2009
Those working in the transportation and logistics industry are more likely to manage an affair than other professionals
Unilever supply chain efficiency
May 05, 2009
Unilever boosts supply chain efficiency and reduces operational costs while meeting customer demand in over 100 countries.
Metals and mining company signs services contract
May 01, 2009
IFS will provide additional consulting services and IFS Applications licenses with an expected total value exceeding US $ 3 million.
RedPrairie fully integrates fleet and parcel capabilities with Global Transportation Management solution
Apr 27, 2009
RedPrairie Corporation has enhanced its 2009 Transportation Management suite by fully integrating its Fleet, Parcel, and Collaboration Portal solutions with its core Transportation Management solution.
BCP expands into Middle East
Apr 24, 2009
Supply chain specialist BCP is expanding into the Middle East with its latest customer - Foodlink Bahrain.
Keeping ahead of supply chain risk and uncertainty
Apr 24, 2009
No matter what business you're in-corporate or government, large or small, public or private risk is on the menu.
Exel set to fly with Eagle Field Service
Apr 02, 2009
Exel Computer Systems extends its expertise into Eagle Field Service, an advanced and flexible field service management solution.
Mercurygate and Transwide form strategic alliance
Mar 27, 2009
The combined strength of MercuryGate in North America and Transwide in Europe now provide a Global On-Demand TMS.
Transwide Launches it new Dynamic Carrier Allocation functionality
Mar 24, 2009
Dynamic Carrier Allocation (DCA) allows full automatic and dynamic communication of transport orders from Shippers to Carriers based on pre-established constrains.
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.
