The Transportation Intermediaries Association (TIA), the organisation for third-party logistics professionals, has announced that the American Council on Education (ACE) has recommended the Certified Transportation Broker (CTB) course for 6 undergraduate semester hours under the following course topics: Business Fundamentals and Transportation Delivery Systems.
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.
Applause survey finds 73% of UK shoppers plan to change festive spending habits due to inflation and cost of living
Nov 21, 2023
Applause, a provider of testing and digital quality solutions, has announced the 2023 results of its fourth annual global survey on festive shopping trends.
Resilinc announces top 30 most resilient suppliers in the high-tech industry for 2023
Nov 21, 2023
Resilinc, the supply chain mapping, disruption sensing, and resiliency analytics company, has announced the Top 30 companies in the high-tech supply chain with the best risk and resiliency programs. These 30 companies were selected based on their Resilinc R Score.
Nearly 75% of consumer product organisations and retailers turn to regional sourcing amidst global disruption
Nov 16, 2023
Consumer products and retail (CPR) companies are diversifying and localising their supply chain networks to deal with last-mile delivery challenges, quick commerce expectations, and to prevent stockouts during the busy holiday season. Nearly 8 out of 10 (79%) CPR organisations today are diversifying their supplier base, with 71% actively investing in regionalising and localising.
Q&A with Glenn Koepke, GM Network Collaboration at FourKites
Nov 14, 2023
What impact would an East Coast port strike have, given that the union leadership has said to prepare for a possible one next year?
PIP Global Safety selects TrusTrace to support corporate sustainability initiatives, including UFLPA Law Compliance
Nov 13, 2023
TrusTrace has announced that PIP Global Safety has selected the TrusTrace platform to support its traceability needs, including evidence collection to prove compliance for the UFLPA (Uyghur Forced Labour Prevention Act).
Retail logistics teams deliver ecommerce success - here's how
Nov 09, 2023
By Johan Hellman, Vice President, Product & Carrier at nShift.
Ecommerce sales are tipped to hit $8.1 trillion by 2026. So it’s no surprise that retailers of all sizes are keen to get hold of the biggest possible slice of the pie. Retail logistics and warehouse teams are the lynchpin of ecommerce operations. Here’re just four ways that logistics teams contribute to multichannel retail and ecommerce success.
Greenplan joins the global route planning elite in just two years
Nov 09, 2023
Another success for Greenplan: the EPG (Ehrhardt Partner Group) route planning solution has been included in the 2023 Gartner Market Guide for Vehicle Routing and Scheduling after just two years on the market. This milestone places Greenplan at the forefront of global route planning and execution systems.
Exploring the power of one versus the power of many
Nov 09, 2023
The automotive industry has an enviable track record in creating efficient and effective ‘build and sell’ operational processes. Yet at a time of changing automotive technology and a shifting expectation of car usage and acquisition, especially in younger generations, the temptation to focus exclusively on highly effective operational processes risks undermining customer experience and brand loyalty.
bp invests in digital supply chain solution to enhance retail customer experience
Nov 08, 2023
bp has signed an agreement with RELEX Solutions, provider of unified supply chain and retail planning solutions, to implement their forecasting and replenishment capabilities in its UK convenience retail business.
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.
