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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Inefficient supply chains are costing UK business £1.5bn per annum

Inefficient supply chains are costing UK business £1.5bn per annum

Supply chain inefficiencies and miscommunication through "Chinese Whispers" are costing UK businesses over £1.5bn in lost productivity according to analysis of industry data from digital freight forwarder Zencargo.

Ted Baker chooses Retail Assist for European Help Desk support

Ted Baker chooses Retail Assist for European Help Desk support

Ted Baker, the global lifestyle brand, is the latest retailer to partner with Retail Assist for IT Help Desk support.

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Century-old drinks company Nichols has embraced a distributed warehousing network to deliver better customer experience and deliver the localised fulfilment mission of the modern age.

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Mobile workforce: five ways to empower the GenZ workforce

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GreyOrange to showcase its end-to-end robotics logistics solutions at CeMAT Australia

GreyOrange to showcase its end-to-end robotics logistics solutions at CeMAT Australia

GreyOrange, a multinational robotics and supply chain automation company, and Advanced Warehouse Solutions, its distributor in Australia, will showcase the Butler range of robotics solutions at CeMAT Australia 2018, at the Melbourne Convention and Exhibition Centre from 24 to 26 July.

Retailers to invest in machine learning and voice search to improve digital marketing in 2018/19, new survey finds

Retailers to invest in machine learning and voice search to improve digital marketing in 2018/19, new survey finds

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A Story About a Man and a Dog.......

A Story About a Man and a Dog.......

A Supply Chain Planning and Machine Learning white paper from DynaSys

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The need for speed in the race for the last mile: A third of retailers still don’t offer next day delivery

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A recent study from PayPal Australia highlights that while mobile commerce (often called mCommerce) may have begun as a convenient way to shop on-demand, it has rapidly developed into an entertainment experience, otherwise known as 'retailtainment'.

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60 percent of consumers would prefer an Amazon Go shopping experience

MuleSoft has released "Consumer Connectivity Insights 2018," a survey of more than 8,000 consumers globally to analyse whether organisations are meeting customer expectations for a connected, personalised experience across industries and geographies.

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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