Supply Chain Management
Supply Chain Management has transformed radically over the years with the use of new technologies like artificial intelligence (AI), machine learning (ML) and IoT to build intelligent and customer-centric supply chain solutions. Supply Chain Management is an integral part of modern day business operations. It covers planning, sourcing, and deliver goods and services to end consumers. To remain competitive, companies must have an effective supply chain that can respond quickly and efficiently to ever-changing consumer needs.
What Is Supply Chain Management (SCM)?
Supply chain management refers to the coordination and optimisation of all activities involved in the production and distribution of goods and services. This includes raw material sourcing, inventory management, transportation logistics, quality control, and customer service. Effective supply chain management is critical for businesses to remain competitive in today’s global economy. It provides a way to improve efficiency, reduce costs, and improve customer satisfaction.
What is SCM solution?
A supply chain management (SCM) solution is an integrated software platform that streamlines and optimizes the flow of information, goods, and services throughout the supply chain. It provides end-to-end visibility, control, and collaboration across all aspects of the supply chain, including procurement, inventory management, production planning, logistics, distribution, and customer service.
Benefits of SCM
Improved efficiency: Automate and optimise processes, reduce the time and effort required to manage the supply chain.
Enhanced visibility: Get a bird’s eye view of the entire supply chain, track inventory levels, monitor delivery status, and identify potential issues in real-time.
Better customer service: Respond to customer needs more effectively by providing faster delivery times, accurate order tracking, and improved communication.
Lower costs: Reduce inventory holding costs, transportation expenses, and labor costs, resulting in significant savings for the business.
Increased collaboration: Promotes collaboration among suppliers, partners, and customers to work together more effectively to achieve shared goals.
Improved decision-making: Make faster and more informed decisions with real-time data and analytics.
Collaborative Supply Chain Management
Respond faster to new market expectations and fulfill future demands based on real-time information with a collaborative Supply Chain Management solution. To know more about how you can improve your supply chain management, speak to us today!
SAP Business One is an affordable Enterprise Resource Planning (ERP) software designed for small to midsize businesses. As a business management solution, SAP B1 streamlines business processes, provides real-time information, and help boost overall business performance. The solution covers finance, sales, customer relationship, purchasing, procurement, inventory and manufacturing in one centralised system, enabling accurate and precise information retrieval that assist in reporting, forecasting and analysis.