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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Teradyne drives supply chain innovation and growth with Kinaxis

Teradyne drives supply chain innovation and growth with Kinaxis

Kinaxis Inc., the authority in driving agility for fast, confident decision-making in an unpredictable world, is celebrating 25 years of working with Teradyne, an industrial automation solution provider, to enable end-to-end supply chain visibility, drive integration and collaboration across internal departments and external suppliers and accelerate strategic initiatives like M&A.

Mytraffic, experts in traffic flow analysis, measures the impact of Covid-19 on pedestrian and vehicle flows across the UK

Mytraffic, experts in traffic flow analysis, measures the impact of Covid-19 on pedestrian and vehicle flows across the UK

Mytraffic, European expert in the analysis of pedestrian and vehicle flows for retail, real estate companies and cities, has tracked post-lockdown traffic in over 900 commercial areas in the UK.

Retailers must optimise their pricing strategies for affordability during the golden quarter, says Oxylabs

Retailers must optimise their pricing strategies for affordability during the golden quarter, says Oxylabs

Recent figures from the CBI has revealed ‘retail sales fell at its fastest pace in four months in October’ as people reined in spending in the face of more coronavirus restrictions.

BICS and Gurtam partner to drive IoT asset monitoring and fleet management in 200+ countries worldwide

BICS and Gurtam partner to drive IoT asset monitoring and fleet management in 200+ countries worldwide

International communications enabler BICS has entered into a partnership with telematics software provider Gurtam to provide IoT asset monitoring and fleet management on a global scale.

Iptor achieves multiple success in Nordics

Iptor achieves multiple success in Nordics

Iptor, the Swedish-based, global provider enterprise resource planning, supply chain management, planning and logistics software and services, reports exceptional success in Norway, Sweden and Finland in the first half of 2020.

Global supply chain activity surges to pre-pandemic levels In Q3, but cash crunch leaves suppliers vulnerable

Global supply chain activity surges to pre-pandemic levels In Q3, but cash crunch leaves suppliers vulnerable

The number of purchase orders and invoices exchanged across global supply chains rose by 15% in Q3 after falling by a similar margin in Q2, the latest Index of Global Trade Health from Tradeshift can reveal. 

Manhattan Associates breathes new life into apparel and footwear inventory allocation with omnichannel-centric solution

Manhattan Associates breathes new life into apparel and footwear inventory allocation with omnichannel-centric solution

Manhattan Associates Inc., the supply chain and omnichannel commerce solutions provider, has introduced Manhattan Active Allocation, claimed to be the first allocation solution specifically engineered for today’s omnichannel marketplace, with a fresh approach to managing short lifecycle inventory.

Arvato takes new warehouse automation into use

Arvato takes new warehouse automation into use

Arvato Supply Chain Solutions, part of Bertelsmann, has now expanded its intralogistics in the Netherlands, together with Inther Group, in addition to Germany. In the hypermodern logistics campus of approximately 165,000 m2 in Heijen (NL), orders are now collected and processed even more efficiently thanks to the application of state-of-the-art solutions.

COVID-19 drives five retail supply chain trends

COVID-19 drives five retail supply chain trends

The business disruption caused by COVID-19 has resulted in four out of five (82%) retailers changing their approach to stock management and is driving five retail supply chain trends.

This is according to a new report from logistics company Advanced Supply Chain Group (ASCG), which shows how the pandemic has caused stock management issues for 92% of retailers.

Job market boom predicted in supply chain sector as vacancies rise above pre-lockdown levels

Job market boom predicted in supply chain sector as vacancies rise above pre-lockdown levels

The supply chain sector will experience a job market boom over the coming months as over 60 percent of workers in warehouse, logistics and delivery spent time during lockdown searching for a new role, according to latest research.

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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