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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Automation: the new front line in omnichannel retail

Automation: the new front line in omnichannel retail

By Frank Lochbaum, Managing Partner at KPS.

As retailers continue to search for the best ways to blur the boundaries between channels, more are turning to automation to ease customers' in-store pain points.

Renovotec launches network rental scheme for warehousing & logistics

Renovotec launches network rental scheme for warehousing & logistics

Rugged supply chain hardware and services company Renovotec is introducing a new 'Network Rental Scheme' with built-in service guarantees, technical support and expert advice, designed to help warehousing and logistics operations keep pace with rapid changes in network technology and the many new security threats posed by the modern, IIoT (Industrial Internet of Things)-driven network say Renovotec.

An Act with no action: businesses not doing enough to find slavery in UK supply chains

An Act with no action: businesses not doing enough to find slavery in UK supply chains

UK businesses are not doing enough to identify modern slavery in their supply chains, research from the Chartered Institute of Procurement & Supply (CIPS) has found. A survey of 897 supply chain managers found that almost a third (31%) of UK supply chain managers admitted they did not think their business was taking the necessary steps to tackle the issue.

Oracle Retail breaks down inventory barriers with Cloud Service

Oracle Retail breaks down inventory barriers with Cloud Service

To empower retailers to more easily track, access and manage inventory in store Oracle Retail has introduced a new Store Inventory Operations Cloud Service.

BEC secures partnership with Apex Supply Chain Technologies

BEC secures partnership with Apex Supply Chain Technologies

BEC (Systems Integration) Ltd has formed a partnership with Apex Supply Chain Technologies Ltd., a market-leading manufacturer of secure automated locker solutions.

Supply chain attacks on the rise as one of the biggest new threat vectors as organisations scramble to close gaps

Supply chain attacks on the rise as one of the biggest new threat vectors as organisations scramble to close gaps

CrowdStrike Inc., the cloud-delivered endpoint protection solutions provider, has announced the results of its global supply chain survey, Securing the Supply Chain, produced by independent research firm Vanson Bourne.

How retailers can avoid a red card during the World Cup

How retailers can avoid a red card during the World Cup

By Dean Frew, CTO and Senior VP of RFID Solutions at SML.

Without question a busy retail period is hugely profitable for businesses. In particular, national and international events can present retailers with a number of significant business opportunities such as increased customer engagement, creating jobs for store associates and opportunities to drive sales at an exponential rate.

FICO survey: UK firms are too confident about their cybersecurity

FICO survey: UK firms are too confident about their cybersecurity

Despite the growth in data breaches, senior executives at UK firms think their cybersecurity protection is top-notch, according to a new survey conducted by research and consultancy firm Ovum for Silicon Valley analytics firm FICO.

Why ERP is the key to unlocking the future of retail

Why ERP is the key to unlocking the future of retail

Drop shipping has the potential to completely change the world of retail. However, as John Weber, Director of Business Development and Product Management at Aptean, explains, retailers need an effective ERP system to truly make the most of this new retail reality.

G.H.MUMM & CIE reduced inventory and costs, and increased visibility with DynaSys

G.H.MUMM & CIE reduced inventory and costs, and increased visibility with DynaSys

With an outstanding heritage dating back to 1827, with its recognisable red ribbon, a symbol of excellence, the G.H.MUMM Cordon Rouge blend, a perfect incarnation of the brand, stands apart thanks to the freshness and intensity of its oenological style, conserved and passed down from one generation to another by the Cellar Masters.

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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