SOFTWARES

5 Features of Supply Chain Management

Software
Futurism Technologies
July 23, 2014 -  5.2K 5 Min Read

Supply Chain Management (SCM) is an integral process in a

variety of industrial sectors. The growth of Information
technology (IT) has led to the development of various
software programs that can support the SCM process. One
such product is supply chain management software.
 Supply Chain Management Software or SCMS refers to an
assortment of software tools that are used to complete
different types of business processes and supply chain
operations. These include electronic trading between supply
chain partners, and balancing the inconsistency between
supply and demand.

Key Features of Supply Chain Management

Supply chain management software is designed to perform
the following functions:
1. Processing Customer Requirements: SCMS can help enhance the
speed of customer requirement processing. This includes checking for raw
material availability, product manufacturing, and passing the product to
the logistics team. The software can track the entire process, and ensure
that the product is delivered on time.
2. Inventory Management: In warehouses, managers can use SCMS to
effectively manage the quantity of stocked goods. The software can also
help support inventory concerns such as asset management, replenishment
lead time, and future inventory and price forecasting.
3. Purchase Order Processing: With SCMS, the purchase order processes
are usually automated. It reduces time and effort needed to generate and
manage purchase orders. Pre-defined parameters can be set up to
replenish inventories, generate serial numbers for product shipments, and
track inventory costs.
4. Supplier Relationship Management: The strategic planning and
managing of all supplier interactions can be accomplished with SCMS. The
software can be used to assess the supplier’s assets and capabilities and
compare them with the organization’s business strategy.
5. Warehouse Management: SCMS can effectively support a warehouse
management system in the movement and storage of products. SCMS can
quickly process transactions such a picking, placing, receiving, and
shipping.
 As one can see, the SCM software can be an immensely
supportive tool in supply chain management processes.

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