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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Pandemic drives permanent shift in consumer behaviour

Pandemic drives permanent shift in consumer behaviour

Online only retailers are snapping up failed high street brands – and shutting the door on physical retail. But while customers have moved online, there are still opportunities for traditional retailers – with the right approach and expertise. James Hyde, CEO of James and James Fulfilment, explains how retailers can use outsourced fulfilment, delivery and returns as part of a multi-channel approach that gives customers what they want at home and in store.

Renovotec's 'Life after Brexit' warehouse consulting service: deploying technology to replace people

Renovotec's 'Life after Brexit' warehouse consulting service: deploying technology to replace people

Supply chain technology consultant Renovotec is introducing a ‘Life after Brexit’ warehouse consulting service that reveals the ways in which technology can be used to replace people in warehousing and distribution, enabling staff reductions of up to 30% according to Renovotec.

As the global pandemic disrupts global supply chains, Vamstar raises $1.7m to reinvent procurement in healthcare

As the global pandemic disrupts global supply chains, Vamstar raises $1.7m to reinvent procurement in healthcare

London-based Vamstar is creating what it describes as the world's first AI powered B2B healthcare marketplace. The company has announced a US$1.7 million seed funding led by btov with participation from Antler and Begin Capital.

Are we at risk of food fraud? Supply chains under strain in Covid-19

Are we at risk of food fraud? Supply chains under strain in Covid-19

Liam Fassam, Head of School of Supply Chain and Logistics Management in Arden University’s Faculty of Business, shares his thoughts on how supply-chain management became the unsung hero of the Covid-19 pandemic response.

Konica Minolta announces digital solutions and print partnership with The Colour Copier Company

Konica Minolta announces digital solutions and print partnership with The Colour Copier Company

Konica Minolta Business Solutions (UK) Ltd has entered into a partnership with The Colour Copier Company. The Lancashire-based company is providing its customers with Konica Minolta’s extensive range of print and digital document workflow solutions.

95% of FMCG retailers say inventory optimisation is top priority for 2021

95% of FMCG retailers say inventory optimisation is top priority for 2021

Symphony RetailAI, the provider of integrated AI-enabled marketing, merchandising and supply chain solutions for FMCG retailers and manufacturers, has announced findings from its Category Planning & Assortment Optimisation Executive Survey, conducted in partnership with Incisiv. 

Dakota Integrated Solutions launches brand new corporate website

Dakota Integrated Solutions launches brand new corporate website

Dakota Integrated Solutions Ltd, a real-time data capture, printing, mobility and solution specialist, has launched its new corporate website.

Act small, think big: the rise of convenience stores

Act small, think big: the rise of convenience stores

By Alex MacPherson, Director of Solution Consulting & Account Management, Manhattan Associates.

The trend of ‘shopping local’ has risen steadily over the last few years, due in part to the increase in the number of convenience stores in various locations across the UK.

WDT goes new ways to conquer supply chain complexity with Körber

WDT goes new ways to conquer supply chain complexity with Körber

WDT banks on the SAP implementation expertise of Körber for expanded business model

Creating intelligence in the pharmaceutical supply chain.

Creating intelligence in the pharmaceutical supply chain.

Covid-19 is straining supply chains around the world, most notably those of pharmaceutical companies. Scarcity of raw materials upstream and overheated demand downstream cause disruptions. Control over their supply chain is a major challenge for all pharma companies today.

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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