Iptor, the distribution and supply chain management, planning and logistics software and services provider, has appointed Daniel Bednar as Chief Financial Officer and member of the Iptor Board.
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.
Jan 28, 2020 Comments (0)
A sale for Porsche Retail at BCA Blackbushe earlier this month set new records for the vendor, with an entry of 80 vehicles generating sale proceeds of £1.9 million and a conversion rate of 90%.
Jan 28, 2020 Comments (0)
Tetra Pak has unveiled what it describes as the food and beverage (F&B) industry’s first full-scale virtual marketplace. It adds that the new platform, created using Mirakl SaaS Marketplace solutions, will bring convenience and ease to the industry by making purchasing of products faster, more convenient and simpler for producers.
Jan 27, 2020 Comments (0)
Fast growing order volumes, a higher cost pressure and increasing demands on process quality: logistics companies are still facing the challenge of making internal warehouse processes more cost-effective, more efficient and at the same time less error prone.
Jan 22, 2020 Comments (0)
Aptos, Inc. has launched Aptos ONE Store Fulfillment, a mobile-native application that empowers retail associates to meet the escalating demand for in-store fulfilment, including buy online, click and collect and store-to-store orders.
Jan 21, 2020 Comments (0)
A recent survey by Manhattan Associates Inc. and IHL Group has uncovered a strong correlation between omnichannel fulfilment maturity and margins.
Jan 21, 2020 Comments (1)
By Anand Birje, Senior Corporate Vice President – Digital & Analytics, HCL Technologies.
Through an explosion of wireless connectivity across production systems, Industry 4.0 has redefined businesses and fundamentally changed manufacturing and other core industries.
Sana Commerce among the first e-commerce solution providers to support SAP Business One Cloud integration
Jan 16, 2020 Comments (0)
Sana Commerce has expanded its ERP suite to become one of the first e-commerce software vendors to support SAP Business One Cloud integration. It has made two versions available to its customers: one hosted directly by SAP, and one hosted by a third-party or hosting partner.
Jan 16, 2020 Comments (0)
Thanks to rapid advances in communication and information technology, manufacturers are now able to operate at a truly global level, sourcing materials where it is most convenient and expanding their international client base. However, manufacturers also need to adapt their offer to local trends, predicting which items are going to be more in demand in a particular area and adjusting their stock accordingly.
Jan 15, 2020 Comments (0)
Together, the two companies will enable retailers to deploy FutureProof's mobile self-checkout and service counter solutions fully integrated with SIRL's Indoor GPS & customer analytics platform that offers shoppers personalized recommendations in real-time through activation at the "last foot" of their physical store journey.
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.