A software that prepares business planning, executing the business and optimize the process of supply chain beginning sourcing to the manufacturing product. Supply chain management software is a digital platform that smoothens the product process, working, increases customer satisfaction, and reduce the cost of the product production and timely delivery of the product.
It provides different stages of supply chain with inventory, production and process of delivery. There is collaboration between different teams and partners, suppliers who optimize good information.
It gives the performance by data analysis and to make good decision reducing the cost of SCM reduces cost of supply chain throughout the product production. It is automated with advanced AI engine.
It assigns and manages the material across different team to maintain project supply uninterrupted without any delay and within the budget. This software controls inventory capacity and reduce manual work, and improves quality of the project without any errors.
It enables quickly the market conditions for the better business. It helps identify the risks in the supply chain due to natural disasters.
Some examples of SCM are Infor SCM includes the transformation management, Coupa enables business scenarios using AI algorithms, Oracle SCM Cloud includes distribution and transportation management, E2open optimizes supply chains to achieve goals of the business, Blue Yonder providing solutions for supply chain with AI-driven solutions, SAP SCM includes planning and execution of the business
There are some specific software examples such as Demand Planning Software includes forecasting the business based on the product demands, Order Management Systems (OMS) manages customer orders, Enterprise Resource Planning (ERP) Systems integrates different business processes, Warehouse Management Systems(WMS) provide inventory about the shipping goods.
Some more specific softwares are Supply Chain Analytics Software analyses supply chain data, Transportation Management Systems (TMS) includes transportation planning and execution, Supplier Relationship Management (SRM) Software include procurement and sourcing, Supply Chain Visibility Software showing the visibility at all stages of the chain.
Different SCM software features vary according to the needs of the business. Some of the best SCM are Oracle Fusion, ToolsGroup, SAP integrated business planning. The companies best for SCM is Mahindra, TVS, Safexpress, DHL, etc.
There are four types of SCM, they are, supplier relationship management, transportation management software, Inventory management, and warehouse management software.
In Brief, Supply chain management software is a platform to manage supply chain process of the assessment for the entire supplier relationship management.
Also Read: 7 Key Features of Business Continuity Management Software You Need
