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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The Supply Chain Academy and Leeds Trinity University have signed an agreement to deliver Degree Apprenticeship in supply chain management

The Supply Chain Academy and Leeds Trinity University have signed an agreement to deliver Degree Apprenticeship in supply chain management

25 apprentices, including employees of Uniserve, Henry Shein and Royal Mail have enrolled to study for the Supply Chain Leadership Professional Degree Apprenticeship over the next three years.

Report finds retailers must disrupt last mile delivery and slash unprofitable delivery models

Report finds retailers must disrupt last mile delivery and slash unprofitable delivery models

Capgemini has launched the findings of its global study exploring how retailer investment in ‘last mile delivery’ – the final leg of the online purchase journey before reaching the customer’s hands – is critical to uncover new revenue streams.

What’s in store for retail in 2019? Manhattan Associates makes its top 5 predictions

What’s in store for retail in 2019? Manhattan Associates makes its top 5 predictions

With shoppers becoming ever more demanding and retailers under pressure to deliver the seamless service experience consumers crave, Manhattan Associates, Inc. has identified five key themes it believes are set to dominate the retail agenda in 2019:

Logility merges the art and science of retail planning with new inspiration board, enhanced analytics and digital asset library

Logility merges the art and science of retail planning with new inspiration board, enhanced analytics and digital asset library

Logility, Inc., a leading provider of advanced retail planning and collaborative supply chain optimisation solutions, has announced a set of enhanced capabilities available within the Logility Voyager Solutions Retail Optimisation platform.

TrueCommerce recognised as a Leader in IDC MarketScape for Worldwide Multi-Enterprise Supply Chain Commerce Network

TrueCommerce recognised as a Leader in IDC MarketScape for Worldwide Multi-Enterprise Supply Chain Commerce Network

TrueCommerce, a global provider of trading partner connectivity, integration and unified commerce solutions, has announced it was positioned in the Leaders category of the IDC MarketScape for Worldwide Multi-Enterprise Supply Chain Commerce Network report.

How the Supply Chain is Becoming More Connected Through the IoT and Smart Technology

How the Supply Chain is Becoming More Connected Through the IoT and Smart Technology

It looks like the world is in for another industrial revolution as the global supply chain welcomes new developments brought about by the Internet of Things (IoT) and smart technology. The manufacturing landscape has become so competitive that industry executives have started scrambling to find ways to keep up with the latest tech and business innovations.

Manhattan Associates elevates in-store customer service with expanded customer engagement solution

Manhattan Associates elevates in-store customer service with expanded customer engagement solution

Manhattan Associates Inc. has extended the capabilities of its Customer Engagement offering with new in-store functionality.

Ivanti Supply Chain delivers powerful scalability with Avalanche 6.3

Ivanti Supply Chain delivers powerful scalability with Avalanche 6.3

Ivanti Supply Chain is enhancing supply chain mobility with the launch of Avalanche 6.3, powered by Wavelink. Designed to meet the increasing demands of supply chain enterprises migrating to Android, Ivanti Avalanche 6.3 is a proven Mobile Device Management (MDM) solution that delivers powerful scalability and security enhancements.

Laura Ashley customises online retail experiences globally with Oracle Commerce Cloud

Laura Ashley customises online retail experiences globally with Oracle Commerce Cloud

Laura Ashley, an international lifestyle retailer, has selected Oracle Commerce Cloud to support its growing global online business.

The Supply Chain of the Future

The Supply Chain of the Future

Supply chains are modernising at a rapid rate as organisations look to capture the opportunity and potential offered by new technology and digitalisation.

Aligned to Industry 4.0, Supply Chain 4.0, combines new tools and solutions including; Internet of Things (IoT), advanced robotics and automation in the supply chain, cutting edge technology such as blockchain, advanced analytics and the management of ‘big data’.

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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