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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Blockchain solution for carbon offsetting & emissions transparency in the diamond industry

Blockchain solution for carbon offsetting & emissions transparency in the diamond industry

Everledger has launched a climate holistic platform that will help India and US-based Shairu & Atit Diamonds to meet their consumers’ demand for environmental footprint information about every single diamond.

DP World launches worldwide digital platforms throughout the supply chain to move global trade online

DP World launches worldwide digital platforms throughout the supply chain to move global trade online

DP World has launched cutting-edge online logistics tools and services, covering sea, land and air shipping around the world. The connected ecosystem of platforms will enable freight forwarders and any business, to book shipments of cargo from and to anywhere in the world, by any combination of sea, land and air.

Covid-19 has highlighted a significant problem in the UK’s manufacturing supply chain

Covid-19 has highlighted a significant problem in the UK’s manufacturing supply chain

Kevin Brundish, CEO of AMTE Power, commenting on the need for a strong, onshore supply chain in the face of global uncertainty.

Keeping SMEs updated on the status of their business interruption payouts is essential, says GlobalData

Keeping SMEs updated on the status of their business interruption payouts is essential, says GlobalData

Following the news that the Financial Conduct Authority (FCA) is applying pressure on insurers to settle business interruption (BI) claims to SMEs, Ben Carey-Evans, Insurance Analyst at GlobalData, a leading data and analytics company, offers his view:

Fluent Commerce joins commercetools software marketplace to support omnichannel retail

Fluent Commerce joins commercetools software marketplace to support omnichannel retail

Fluent Commerce, a provider of Fluent Order Management software, has announced a global partnership with commercetools – the headless platform for B2B and B2C commerce. 

The critical importance of supply chain continuity

The critical importance of supply chain continuity

It’s times like these that we realise the interconnectivity and interdependency that exists in our world. As COVID-19 continues to impact economies, businesses and individuals across the globe, the role and continuity of supply chains has never been more important than it is today.

Majenta Solutions offers to integrate UK manufacturing efforts to help defeat Coronavirus

Majenta Solutions offers to integrate UK manufacturing efforts to help defeat Coronavirus

Majenta Solutions, the enabler of intelligent supply chains that help global car makers, the construction industry, aerospace and manufacturing achieve seamless integration with their suppliers, has confirmed the offer of its services to unify the efforts of manufacturers across the UK who are contributing to various initiatives to produce personal protection equipment and ventilators.

Vertical integration expediates Waddington Europe’s turnaround for essential NHS PPE visor production

Vertical integration expediates Waddington Europe’s turnaround for essential NHS PPE visor production

European thermoforming packaging company Waddington Europe has joined forces with longstanding customer and partner Ricoh 3D to help bolster the national manufacturing and supply chain effort to provide supplies of personal protective equipment for the NHS.

How the manufacturing industry can mitigate economic risk during COVID-19

How the manufacturing industry can mitigate economic risk during COVID-19

By Richard Blatcher, Director of Business Intelligence for Manufacturing at PROS.

Disruption in the supply chain is a direct indicator of a wider impact on an entire industry. Of course, Covid-19 is creating unprecedented disruption in many B2B industries, in fact, a new poll of supply chain managers shows over 75% of companies are reporting disruptions in some capacity due to coronavirus related restrictions.

8 in 10 UK, US & Chinese firms consider switching to alternative finance providers for trade financing in 2020

8 in 10 UK, US & Chinese firms consider switching to alternative finance providers for trade financing in 2020

Over 8 in 10 (83%) UK, US and Chinese firms are considering switching to alternative finance providers over traditional banks for trade finance this year, which can provide access to faster and more agile funding to help navigate the effects of COVID-19.

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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