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.

RSS

Supply chain security: local vs global

Supply chain security: local vs global

Britain is the main source of imports for Ireland, making up more than 20 per cent in 2018 and 2019, despite uncertainty around the UK’s departure from the EU, according to the Central Statistics Office.

Latest software releases from BluJay offer new capabilities to further support frictionless global trade

Latest software releases from BluJay offer new capabilities to further support frictionless global trade

BluJay Solutions, provider of global supply chain software and services, has released version 21.2 of its transportation, distribution, and global trade software applications. With a focus on providing high-efficiency user experiences, BluJay’s latest releases offer shippers, logistics service providers, freight forwarders and customs brokers with expanded capabilities, integrations, and the most current compliance updates available.

Checkmarx acquires software supply chain security provider, Dustico

Checkmarx acquires software supply chain security provider, Dustico

Checkmarx, the global provider of developer-centric application security testing (AST) solutions, has acquired Dustico, a SaaS-based solution that detects malicious attacks and backdoors in open source software supply chains.

Rhenus to showcase total supply chain solution at ChemUK 2021

Rhenus to showcase total supply chain solution at ChemUK 2021

Logistics specialist Rhenus is set to showcase its supply chain expertise at this year’s ChemUK exhibition. The two-day event is running between 15 and 16 September at the NEC, Birmingham UK.

Borrow these employee engagement practices from the logistics sector

Borrow these employee engagement practices from the logistics sector

By James Scott, CEO & Founder of Thrive.app.

The pandemic created an unprecedented employee experience for many industries: That of a workforce that was suddenly dispersed, remote, and disconnected.

Sedex analysis of global supply chain data reveals insights on gender inequalities in the workplace and the power of data for driving equality goals

Sedex analysis of global supply chain data reveals insights on gender inequalities in the workplace and the power of data for driving equality goals

New analysis from Sedex, one of the world’s leading ethical trade membership organisations, has revealed insights on gender roles within global supply chains from its members, as it calls for all businesses to collect gender data.

What does the Edge mean for IoT?

What does the Edge mean for IoT?

A lot has been written about the IoT revolution and how the technology has the capability to revolutionise industries, transform productivity and unlock new levels of insight. But for those intrigued by the possibilities and looking to dip their toe in the water, the potential myths of high price point, infrastructure and connectivity challenges, as well as the required skill set can be significant hurdles that seem insurmountable.

Analytics immaturity hindering promotional campaigns for top UK grocers

Analytics immaturity hindering promotional campaigns for top UK grocers

Almost three-quarters (74%) of the UK’s top grocery retailers view a lack of prescriptive and actionable insights as their top operational barrier to improving promotions performance, research by Symphony RetailAI has revealed, the global provider of integrated AI-powered marketing, merchandising and supply chain solutions for FMCG retailers and manufacturers, has revealed.

Gartner CEO survey reveals cost optimisation as top issue that chief supply chain officers should focus on in the near future

Gartner CEO survey reveals cost optimisation as top issue that chief supply chain officers should focus on in the near future

A survey by Gartner, Inc. among 199 CEOs and senior business executives in supply-chain-intensive industries showed that 17% see cost optimisation as the No. 1 issue that chief supply chain officers (CSCOs) should focus on in the near future, followed by supply chain resilience (16%).

Encouraging women into tech roles should be a priority for business - according to new book from BCS

Encouraging women into tech roles should be a priority for business - according to new book from BCS

Increasing the number of women in digital jobs is an urgent priority to ensure the diverse mix of skills the tech industry needs to benefit society and the economy - according to the latest book to be published by BCS, The Chartered Institute for IT.

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.

Editorial: +44 (0)1892 536363
Publisher: +44 (0)208 440 0372
Subscribe FREE to the weekly E-newsletter