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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Logistics UK statement on the creation of four new Trade and Investment hubs

Logistics UK statement on the creation of four new Trade and Investment hubs

In response to the Department for International Trade’s announcement of the creation of four new Trade and Investment Hubs in Edinburgh, Cardiff, Belfast and Darlington, Sarah Laouadi, Manager of European & International Policy at Logistics UK, comments:

Lockars launches in the UK

Lockars launches in the UK

New parcel delivery ecosystem Lockars has launched in the UK. According to Lockars, the network will transform the way that packages are sent and received while solving some of the biggest issues that carriers, retailers and consumers face during the delivery journey.

Körber enters partnership with Libiao Robotics

Körber enters partnership with Libiao Robotics

Körber and Libiao Robotics, global specialist for autonomous mobile robots specialising in sortation, have teamed up to deliver the newest robotics technologies to Europe, Asia-Pacific and Latin America.

eFax research reveals IT decision-makers in retail accelerating digital transformation of paper-based processes as a direct result of disruption caused by Brexit

eFax research reveals IT decision-makers in retail accelerating digital transformation of paper-based processes as a direct result of disruption caused by Brexit

eFax, the online fax solution, has announced the findings of research revealing how UK Retail IT decision-makers are accelerating digital transformation of paper-based processes as a direct result of disruption caused by the UK leaving the EU (Brexit).

SATO launches new Consumables Program

SATO launches new Consumables Program

SATO Europe has launched a new customer-focused approach to its labels and ribbons ranges, in response to demands for greater operational efficiency and waste reduction across global supply chains.

How retailers can deliver a positive returns experience for customers

How retailers can deliver a positive returns experience for customers

Returns are a major headache for retailers, exasperated by online sales where vetting product quality is harder.

New Rail Alliance membership is just the ticket for Dakota Integrated Solutions

New Rail Alliance membership is just the ticket for Dakota Integrated Solutions

Dakota Integrated Solutions Ltd, a real-time data capture, printing, mobility and voice-enabled solution specialist, has recently joined the Rail Alliance, the rail sector’s largest dedicated B2B networking organisation.

Phil Jarrett, Commercial Director at Dakota, comments: “Our new membership of the Rail Alliance means that we will be able to offer our range of solutions to its supply chain community in order to help them meet the industry’s challenges..."

Avanos Medical, Inc. successfully implements Integrated Business Planning with OMP on SAP S/4HANA

Avanos Medical, Inc. successfully implements Integrated Business Planning with OMP on SAP S/4HANA

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UK manufacturers prioritise cyber risks and a digital future post pandemic says PwC COO Survey

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Managing cyber security risks, workforce changes  and growing demands for supply chain security and sustainability are the standout priorities for UK manufacturers over the next two years according to PwC’s latest COO pulse survey.

Could stockless stores be the future of the high street?

Could stockless stores be the future of the high street?

By Alex MacPherson, Director of Consultancy and Account Management, Manhattan Associates.

We have all seen the headlines and plethora of statistics about the uptick in online shopping over the last twelve months.

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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