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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86 percent of UK retailers haven’t completed supply chain digitisation

86 percent of UK retailers haven’t completed supply chain digitisation

According to new research released from Gravity Supply Chain Solutions, 86 percent of UK retailers haven’t completed the digitisation processes (using a cloud based platform with real time visibility, and automation capabilities) required to give them full control of their supply chain.

Research shows that retailers have five days to crack the sale, before risk of losing the customer rapidly increases

Research shows that retailers have five days to crack the sale, before risk of losing the customer rapidly increases

New research by retail technology expert Conversity has revealed that just under half (43 per cent) of shoppers researching complex purchases such as mobile phones, laptops or broadband packages make a buying decision within five days.

Pet food manufacturer snaps up FuturMaster supply chain technology across globe

Pet food manufacturer snaps up FuturMaster supply chain technology across globe

Royal Canin, the pet food manufacturer owned by Mars Inc., has started to roll-out FuturMaster’s cloud-based demand planning software as part of a supply chain initiative to standardise processes across the globe and improve efficiencies. The new technology, which has so far been deployed in the US, is expected to help manage the growing complexity of supplying the right products at the right time to over a hundred markets around the world.

Adapting to a Digital World - Agile, Collaborative and Innovative Supply Chain Management

Adapting to a Digital World - Agile, Collaborative and Innovative Supply Chain Management

There are now only five weeks until Digital Supply Chain will be returning to Amsterdam. So if you haven’t already booked your seat, now is the time.

QAD DynaSys and Delos Partnership announce the first QuickStart IBP conference on the 26th of February 2019 in Birmingham, UK

QAD DynaSys and Delos Partnership announce the first QuickStart IBP conference on the 26th of February 2019 in Birmingham, UK

The economic & business landscape is changing at an unprecedented pace. Customer expectations, innovation, growth and margin targets, staying competitive all create huge pressure on supply chains to adapt and work in new ways.

Retailers focus on savings to avoid becoming another high street casualty

Retailers focus on savings to avoid becoming another high street casualty

Dave Locke, Field CTO at World Wide Technology, explores how retailers can reassess their 2019 strategies and reduce outgoings in an increasingly challenging environment.

Five key trends shaping the supply chain in 2019

Five key trends shaping the supply chain in 2019

By Charlie Pool, CEO, Stowga.

2018 was a turbulent year for most industries - logistics and supply chain was no exception. With Brexit, stockpiling, supply chain problems for big brands, and big name retailers closing stores left, right and centre, the next year is undoubtedly going to be as eventful, if not more so.

The Supply Chain Academy and Leeds Trinity University have signed an agreement to deliver Degree Apprenticeship in supply chain management

The Supply Chain Academy and Leeds Trinity University have signed an agreement to deliver Degree Apprenticeship in supply chain management

25 apprentices, including employees of Uniserve, Henry Shein and Royal Mail have enrolled to study for the Supply Chain Leadership Professional Degree Apprenticeship over the next three years.

Report finds retailers must disrupt last mile delivery and slash unprofitable delivery models

Report finds retailers must disrupt last mile delivery and slash unprofitable delivery models

Capgemini has launched the findings of its global study exploring how retailer investment in ‘last mile delivery’ – the final leg of the online purchase journey before reaching the customer’s hands – is critical to uncover new revenue streams.

What’s in store for retail in 2019? Manhattan Associates makes its top 5 predictions

What’s in store for retail in 2019? Manhattan Associates makes its top 5 predictions

With shoppers becoming ever more demanding and retailers under pressure to deliver the seamless service experience consumers crave, Manhattan Associates, Inc. has identified five key themes it believes are set to dominate the retail agenda in 2019:

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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