Sage has launched a new feature that supports customers trading cross border following the introduction of the new EU VAT E-commerce Package.
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.
Jul 14, 2021 Comments (0)
On heels of Kaseya supply chain cyber attack, Interos releases upgraded AI-powered operational-resilience platform
Jul 13, 2021 Comments (0)
Interos, the operational resilience company, has significantly enhanced its AI-powered platform to deliver instantaneous visibility into the extended supply chains of organisations worldwide and to provide powerful continuous insight into three major risk categories impacting global vendor relationships: concentration risk; compliance with government prohibitions and restrictions; as well as Environmental, Social and Governance (ESG) transparency.
Jul 13, 2021 Comments (0)
By Sean Sherwin-Smith, General Manager, Post-Purchase at HelloDone.
The disruption to logistics networks over the past year has caused chaos across global supply chains. With the pandemic sparking an exponential rise in online shopping, logistics operations have been tested to the max.
Jun 29, 2021 Comments (0)
AI developers DataRobot and Palantir Technologies Inc have entered into a new partnership designed to create unique, agile and real-time solutions to help solve the most pressing demand forecasting problems.
Logility partners with Microsoft Azure to power high performing cloud environment and enhance the customer experience
Jun 23, 2021 Comments (0)
Logility, Inc., the supply chain solutions provider, is partnering with Microsoft and making its comprehensive suite of solutions available through Microsoft Azure.
Jun 16, 2021 Comments (0)
Kinaxis Inc., the supply chain management software provider, and LevaData, the company that delivers applied AI to transform strategic sourcing and procurement, have entered into a new partnership to enable manufacturers to gain deeper insight into supplier risk and build greater supply chain resiliency.
Jun 16, 2021 Comments (0)
Women comprise 41% of the supply chain workforce in 2021, up from 39% in 2020, according to a recent survey by Gartner, Inc.
Jun 15, 2021 Comments (0)
Circulor, provider of supply chain traceability and dynamic CO2 tracking, has closed $14 million in Series A funding to accelerate the company’s rapid growth. The Westly Group led the round with participation from Salesforce Ventures, BHP Ventures, Future Positive Capital, 24Haymarket and Sky Ocean Ventures.
Jun 10, 2021 Comments (0)
By Ed Smith, freelance writer
When we head to the supermarket to do our shopping, it’s likely that most of us don’t stop to think about where the produce has come from or how it got there. But the food supply chain plays a crucial role in what we eat and when we eat it. Without it, our stores would be empty and so would our cupboards.
Jun 09, 2021 Comments (0)
Following the news that numerous blue-chip businesses, such as KPMG and Ernst & Young, have adopted a permanent hybrid working model, new research indicates that workers do not feel they have the tools or technology they need to work from home.
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.