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

cargo-partner introduces new container tracking service

cargo-partner introduces new container tracking service

The new and advanced container tracking feature offers customers full transparency over their FCL shipments. The state-of-the-art technology provides users with end-to-end data via the supply chain management platform SPOT.

Bakeries turn the heat up in British foodservice as they compete for bigger slice of £22.5 billion food-to-go market and get into click & collect and delivery

Bakeries turn the heat up in British foodservice as they compete for bigger slice of £22.5 billion food-to-go market and get into click & collect and delivery

Global information company The NPD Group says data from its new Bakery Trends Tracker report show bakery outlets have over the past year (YE April 2019) seen the strongest growth in on-premise business among major British quick-service restaurant (QSR) channels, with sales and visits up more than 19% and nearly 18% respectively in the past year.

Manhattan Associates and BRP Consulting work together to deliver next-generation unified commerce platform

Manhattan Associates and BRP Consulting work together to deliver next-generation unified commerce platform

Manhattan Associates Inc. has announced an extended partnership with retail management consulting firm BRP Consulting. The companies, which have been working together since 2016, have now extended their partnership to equip retailers with next-generation omnichannel and point-of-sale solutions that help deliver a seamless, holistic shopping experience.

Consumers worldwide are spending less – how can the retail sector adapt to the ‘new normal’ of tough trading conditions?

Consumers worldwide are spending less – how can the retail sector adapt to the ‘new normal’ of tough trading conditions?

All the signs point to a transformative shift in the relationship between consumers and retailers. In fact, a recent global confidence survey found that consumers worldwide are spending less on almost everything.

Still no Brexit plans in place for over half of British retailers, Global-e research reveals

Still no Brexit plans in place for over half of British retailers, Global-e research reveals

Despite three years passing since the EU referendum, over half (57%) of British retailers still have no plans in place for Brexit, according to a survey of 200 British retail decision-makers by Global-e, the cross-border e-commerce solutions provider, in conjunction with Censuswide.

Retail restructured and the rise of experience…retailers can’t afford to ignore these red-hot technology trends this summer

Retail restructured and the rise of experience…retailers can’t afford to ignore these red-hot technology trends this summer

Retail trends come and go, but occasionally they shape the future of the industry for years to come. Frank Lochbaum Managing Partner at KPS, identifies three key retail trends this summer and explain why he thinks they’ll prove to be pivotal.

Instore and online retail services must play nicely together – lest iconic brands will disappear

Instore and online retail services must play nicely together – lest iconic brands will disappear

Seamless mobile connectivity can help prevent this from happening explains Colin Abrey of Nextivity.

Men are spending more on the high street than ever before - new research from the Fashion Retail Academy

Men are spending more on the high street than ever before - new research from the Fashion Retail Academy

Better clothing designs for men, more styling options and an improved shopping experience are all helping to drive men’s fashion sales, according to research from the Fashion Retail Academy.

Heilind Electronics earns Americas Distributor of the Year Award

Heilind Electronics earns Americas Distributor of the Year Award

Molex recently honoured Heilind Electronics with 2018 Americas Distributor of the Year The annual award program recognises outstanding performance demonstrating sales achievements coupled with operational and management excellence in furthering Molex marketing efforts.

LVMH, ConsenSys and Microsoft announce AURA, a consortium to power the luxury industry with blockchain technology

LVMH, ConsenSys and Microsoft announce AURA, a consortium to power the luxury industry with blockchain technology

ConsenSys, in partnership with LVMH and Microsoft, has announced AURA, a platform that aims to serve the entire luxury industry with powerful product tracking and tracing services, based on Ethereum blockchain technology and utilising Microsoft Azure.

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