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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CNH Industrial to create a customer-centric aftermarket supply chain with Blue Yonder

CNH Industrial to create a customer-centric aftermarket supply chain with Blue Yonder

Blue Yonder has announced that capital goods company CNH Industrial has selected Luminate Control Tower, along with several supply chain planning solutions such as forecasting and replenishment, as the backbone of its customer-centric aftermarket supply chain for its parts business.

Reports highlight COVID-19 anti-counterfeiting investment, says trade body

Reports highlight COVID-19 anti-counterfeiting investment, says trade body

An international trade body says new reports about criminals cashing in on the COVID-19 crisis highlight the urgent need for more investment in anti-counterfeiting technologies.

COVID-19 has brought cloud services to the forefront, says GlobalData

COVID-19 has brought cloud services to the forefront, says GlobalData

An unplanned, widespread move to home-working would have brought businesses to a grinding halt had large investments in cloud computing not been made over the past ten years, says GlobalData, the data and analytics company.

Getting retailers ready for business post-lockdown

Getting retailers ready for business post-lockdown

The retail sector is in a state of flux. Whilst eCommerce sales might still be surpassing all expectations, many retail stores are still closed, awaiting Government guidance as to when they might be able to open again.

Blue Yonder launches AI-Powered luminate planning solutions dedicated to optimising for the ‘new normal’

Blue Yonder launches AI-Powered luminate planning solutions dedicated to optimising for the ‘new normal’

With a focus on using artificial intelligence (AI)/ machine learning (ML) to better predict demand and improve companies operations from end-to-end, Blue Yonder Holding, Inc. (Blue Yonder), has launched its reimagined Luminate Planning portfolio. This powerful set of solutions enables boundaryless planning providing customers with integrated sales and operations execution (S&OE); limitless, always-on planning; and an intelligence engine that can predict and pivot to deliver an autonomous supply chain.

Improving sustainability in the parcels market: two key focus areas

Improving sustainability in the parcels market: two key focus areas

Sustainability in the supply chain is an issue that continues to move higher up the agenda as consumers increasingly opt for brands with a sustainable business model. 

They are taking multiple factors into account when making purchasing decisions – from the choice of raw materials, through factory locations, to recycling policies – meaning sustainability is permeating the entire supply chain.

Celonis puts AI to work with launch of new operational applications

Celonis puts AI to work with launch of new operational applications

Celonis has launched the next generation of its platform, enabling customers and partners to develop purpose-built Operational Applications.

COVID-19 EU border closures and Brexit impacts movement of medical supplies, says GlobalData

COVID-19 EU border closures and Brexit impacts movement of medical supplies, says GlobalData

Free goods movement restrictions, imposed by the majority of EU countries at their borders to control the spread COVID-19, are disrupting supply chains, including crucial drug and medical equipment supplies.

Post Covid-19 will the omnichannel model still be relevant?

Post Covid-19 will the omnichannel model still be relevant?

What can retailers learn from the lockdown and could it be the death-knell of the store, asks Tania Oakey, a retail expert at software vendor Cegid?

How the supply chain might look after COVID-19

How the supply chain might look after COVID-19

While it is very difficult to predict exactly how life will look once normality has resumed, it is inevitable that neither business nor society as a whole will return to exactly how it was prior to the coronavirus pandemic. But where is the supply chain likely to see change?

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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