When the easing of lockdown measures began in mid-May, many businesses began a journey to assess the Coronavirus risks that applied to their workplaces. To make sure their working environments were COVID Secure, they went on to develop additional physical and procedural measures.
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.
Sep 07, 2020 Comments (0)
The European logistics industry is slowly returning to normal after months of supply chains being disrupted and overstretched with reduced workforces and higher demands, following the effects of the pandemic. With new hygiene and protocol measures in place within warehouses to increase employee safety; which in turn, might slow down procedures, now is the most critical time for companies to optimise their operations using data and technology.
Sep 07, 2020 Comments (0)
Product Guru, the product discovery platform that allows brands to showcase their products to retail buyers, is continuing to champion emerging brands by launching The Pantry Live, a virtual alternative to food and drink trade shows.
94% of UK shoppers will walk from brands if they don’t agree with their response to COVID-19, Braze survey reveals
Sep 02, 2020 Comments (0)
Almost all (94%) UK shoppers warn they’d switch from a brand or company if they didn’t agree with their response to employees or customers during the pandemic, new research from customer engagement platform Braze reveals.
Sep 02, 2020 Comments (0)
The non-profit Institute for Supply Chain Management (ISM) has released its third survey on how the COVID-19 pandemic is impacting supply chains around the world.
Short-term anxiety around shopping in store continues to ease, EY’s latest Future Consumer Index reveals
Sep 01, 2020 Comments (0)
UK consumers have grown more comfortable with returning to the shops, according to the latest EY Future Consumer Index, which finds comfort levels with traditional shopping behaviours – such as going to a shopping mall and trying on clothes or going to the grocery store – have all more than doubled since May.
Aug 27, 2020 Comments (0)
OpenText has announced that Co-op Group, the UK-based grocery retailer, has automated supplier on-boarding for some of its suppliers with OpenText Trading Grid.
Wipro and Uniper collaborate to implement a blockchain-based small-scale liquefied natural gas (ssLNG) trading/fulfilment platform
Aug 25, 2020 Comments (0)
Wipro Ltd, the global information technology, consulting, and business process services company, has announced the successful implementation of a blockchain-based small-scale liquefied natural gas (ssLNG) trading/fulfilment platform for Uniper Global Commodities SE and its 100% LNG-for-trucks subsidiary Liqvis GmbH. Uniper SE is an international energy company headquartered in Germany.
Aug 25, 2020 Comments (0)
Renovotec, the UK-based rugged hardware, software and services provider for supply chain companies, is expanding to meet escalating demand for its ‘Renovotec Managed Print’ service by opening a 50% larger service centre in Wellingborough, Northants. Renovotec Managed Print is the only service of its kind in the supply chain manufacturing and logistics industries says Renovotec.
Aug 24, 2020 Comments (0)
The impact of COVID-19 has been swift and devastating to those directly affected. Not just from a health perspective but also for businesses who had to promptly close their doors as the country went into lockdown, particularly those in hospitality and retail.
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.