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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Covid-19 – the danger of consumers substituting product

Covid-19 – the danger of consumers substituting product

An innocent consumer ‘substitution’ could create serious consequences for other supply chains that a critical to society and life, warns supply chain academic Professor Richard Wilding OBE.

Symphony RetailAI included in Retail Category Planning evaluation by independent research firm

Symphony RetailAI included in Retail Category Planning evaluation by independent research firm

Symphony RetailAI, the global provider of integrated AI-enabled marketing, merchandising and supply chain solutions for FMCG retailers and CPG manufacturers, was among the 12 select companies that Forrester invited to participate in The Forrester Wave: Retail Planning, Q1 2020 evaluation. In this evaluation, Symphony RetailAI was reviewed for the company’s offering, the AI Category Planning and Management Suite.

Businesses is blooming for Flowervision (Bristol) Ltd thanks to voice-enabled scanning solution from BEC

Businesses is blooming for Flowervision (Bristol) Ltd thanks to voice-enabled scanning solution from BEC

Supplying florists on a daily basis from Cornwall to Worcester, Flowervision (Bristol) Ltd is an independent wholesaler of high-quality fresh cut flowers and plants as well as a vast range of sundries.

Covid-19: The front door is now the front line, says ParcelHero

Covid-19: The front door is now the front line, says ParcelHero

ParcelHero has forecast a doubling of home deliveries in the event of a UK coronavirus epidemic, as shoppers seek to avoid crowded stores. But it says retailers and their courier partners must do more to ease concerns for both customers and drivers.

As Coronavirus COVID-19 creates disruption to global supply chains, new guidance is released....

As Coronavirus COVID-19 creates disruption to global supply chains, new guidance is released....

Coronavirus (Covid-19) is having significant effects around the world threatening human health and also global and local economies and day to day business operations. Travel, logistics and supply chains are being disrupted, with the flow of raw materials and finished goods interrupted or permanently halted.

Is Industry 4.0 Just A Hype?

Is Industry 4.0 Just A Hype?

By Razor CEO, Jamie Hinton

Everyone wants to talk about industry 4.0, from industry conferences and magazines through to boardroom tables and shareholder meetings, it’s top of the agenda.

Farmdrop give SnapFulfil the green light…

Farmdrop give SnapFulfil the green light…

Sustainable online supermarket Farmdrop has signed up to a three year SaaS (Software as a Service) contract with warehouse management system innovator SnapFulfil.

Budget reaction

Budget reaction

Following Rishi Sunak’s Budget, Simon Jonsson, tax partner and manufacturing expert at KPMG UK, comments: “At a time of great uncertainty and change for industry, the Chancellor has announced a number of positive actions to help manufacturers in the UK.

Multimodal 2020: Sustainability in supply chains takes centre stage

Multimodal 2020: Sustainability in supply chains takes centre stage

Sustainability issues within global supply chains will take centre stage at Multimodal 2020, the UK, Ireland, and Northern European freight transport, logistics and supply chain management event, which is set to take place for the 13th year running at the NEC in June.

Voxware highlighting augmented reality and supply chain analytics throughout Modex 2020

Voxware highlighting augmented reality and supply chain analytics throughout Modex 2020

Voxware, the provider of cloud-based voice and analytic supply chain solutions, is to exhibit at Modex 2020 (Booth 7481).  Attendees will have the opportunity to experience the benefits of Voxware’s Augmented Reality (AR) solution and VoxPilot, its enterprise analytics software.

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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