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.
The business disruption caused by COVID-19 has resulted in four out of five (82%) retailers changing their approach to stock management and is driving five retail supply chain trends. This is according to a new report from logistics company Advanced Supply Chain Group (ASCG), which shows how the pandemic has caused stock management issues for 92% of retailers.
The supply chain sector will experience a job market boom over the coming months as over 60 percent of workers in warehouse, logistics and delivery spent time during lockdown searching for a new role, according to latest research.
‘Use your loaf’: Bakers Basco boss warns of tensions in bakery supply chain if panic buying reaches pre-lockdown levels.
Paul Empson, General Manager of Bakers Basco, is warning the general public to ‘use one’s loaf’ and avoid panic buying as the possibility of a second nationwide UK lockdown hangs in the balance, to ensure demand doesn’t outstrip supply.
Supply chain resilience has never been more important. Global markets are apt to change at a moment’s notice, often a result of dramatic shifts in consumer demand and availability of products – as can be seen most recently, in the restriction in component supply due to global lockdown. These sudden changes in demand can affect manufacturers in every sector.
With tighter coronavirus restrictions forcing increasing numbers of Christmas shoppers online this year, compliance authority Bureau Veritas is advising retailers and logistics firms to prepare for the extra health, safety and hygiene risks this rise in festive e-commerce sales will bring.
Manhattan Associates Inc. has announced that leading beauty company, L’Oréal, has chosen to implement Manhattan Active Warehouse Management, a global, scalable and agile SaaS-based solution. The first implementation is due to launch by mid 2021, with worldwide deployment across L’Oréal’s distribution centres expected by the end of 2023.
AVEVA has launched the latest enhancement to its AVEVA Unified Supply Chain platform, Real-time Crude, designed to help customers gain visibility into their business and operations in order to quickly understand how crude quality impacts their value chain.
In the wake of COVID-19, enabling remote work has required many IT teams to rapidly lean into cloud technologies to keep their businesses operating smoothly.
Having grown in popularity over the past 5-10 years, Zebra has launched the newest addition to its printer line: the Zebra ZQ630.
BlueVoyant, a cybersecurity services company, has launched its Cyber Risk Management (CRx) suite of services for business ecosystems, including entire supply chains and investment portfolios.
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.