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.

RSS

Manhattan Associates and IHL Group survey reveals the key to maximising omnichannel profits

Manhattan Associates and IHL Group survey reveals the key to maximising omnichannel profits

A recent survey by Manhattan Associates Inc. and IHL Group has uncovered a strong correlation between omnichannel fulfilment maturity and margins. 

A vision for Industry 5.0: Humans augmented with cobots and connectivity

A vision for Industry 5.0: Humans augmented with cobots and connectivity

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

Sana Commerce among the first e-commerce solution providers to support SAP Business One Cloud integration

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.

What is a global supply chain?

What is a global supply chain?

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.

FutureProof Retail and SIRL announce 'last foot' shopper targeting and analytics

FutureProof Retail and SIRL announce 'last foot' shopper targeting and analytics

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.

Körber bolsters supply chain execution in LATAM with Otimis

Körber bolsters supply chain execution in LATAM with Otimis

The Körber Group continues to invest in its Business Area Logistics Systems, acquiring a majority stake in Brazil-based Otimis Ltda. The supply chain management software and consulting company grows and strengthens warehousing and logistics operations for customers across the globe. The acquisition became effective as of December 18, 2019.

SATO launches new printer to meet the front line needs of the supply chain

SATO launches new printer to meet the front line needs of the supply chain

SATO has launched the CT4-LX smart mini label printer. Equipped with a colour touch panel LCD for intuitive operation, the printer is claimed to be easy to use for operators of varying skill levels, in a space-saving manner, widely across many sectors and geographic regions.

What’s in store for 2020 and beyond? 6 trends shaping warehouses of the future

What’s in store for 2020 and beyond? 6 trends shaping warehouses of the future

In 2010, many warehouses would still have been regarded as a neglected cost centre. Now, moving into 2020, the warehouse is a carefully managed control centre and very often the strategic hub of e-commerce within an ever-extending supply chain.

Experts create clean cold research hub to meet global challenge

Experts create clean cold research hub to meet global challenge

Led by UK Universities, multi-disciplinary researchers from around the globe are joining forces in an innovative new research centre aimed at speeding up the use of radical new cooling solution to help small-holder farmers, medicine suppliers and others make the most of clean and sustainable chilled distribution systems.

South African ICT Company Connor Data Breach Exposes User Activity and Personal Identifiable Information Data– Including Browsing History of Pornography

South African ICT Company Connor Data Breach Exposes User Activity and Personal Identifiable Information Data– Including Browsing History of Pornography

Led by cybersecurity analysts Noam Rotem and Ran Locar, vpnMentor`s research team discovered a data breach in a database belonging to South Africa ICT company, Conor. The breached database contained daily logs of user activity by customers of ISPs using web filtering software built by Conor.

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.

Editorial: +44 (0)1892 536363
Publisher: +44 (0)208 440 0372
Subscribe FREE to the weekly E-newsletter