Supply Chain Management Homework Help View All Supply Chain Management Study Resources Homework Help. 8 Pages. Module 2 Study Guide & Problem Set. Register Now. Module 2 Study Guide & Problem Set. School: Arizona State University. Course: SUPPLY CHAIN MANAGEMENT. 4 Pages. Module 3 Problem Set.
See Page 1. Two Major Types of Key Activities Supply Chain Management–Supply chain comes in two places: Key Resources and Key Partners. Key Resources are helping you manage your Key Partners. Software Development –Today almost all business systems have been moved into software processes. Computer software that helps you manage all of the ...
· There are two main types of SCM software: 1) planning applications and 2) execution applications. Planning applications use advanced algorithms to determine the best way to fill an order. Execution applications track the physical status of goods, the management of materials, and financial information involving all parties.
What are the Top Supply Chain Management Software: E2open, SAP SCM, Logility, Perfect Commerce, Oracle SCM, Infor SCM, JDA SCM, Manhattan SCM, Epicor SCM, Dassault Systemes SCM, Descartes SCM, Highjump SCM, IFS, Watson Supply Chain, BluJay SCM are some of the examples of best Supply Chain Management Software.
There are two main types of SCM software applications: planning and execution. The planning software applications use advanced algorithms to determine the best way to fulfill a product order.
Types of Supply Chain Management (SCM) Systems Depending on the functions the supply chain management systems perform, they are classified into two categories, namely, supply chain planning systems, and supply chain execution systems.
A supply chain management (SCM) system is a set of software solutions that manages and oversees the flow of goods, data, and finances as a product or service moves from point of origin to its final destination.
A supply chain consists of a network of organizations and facilities that work in tandem to transform raw materials into finished, customer-ready products. A supply chain management (SCM) system is an inter-organizational solution that manages these activities from beginning to end.
Three types of Supply Chain Analytics:Descriptive, Predictive, Prescriptive.
Types of Flow in Supply Chain Management There are three main flows of supply chain management: the product flow, the information flow, and the finances flow. The Product Flow – The product flow involves the movement of goods from a supplier to a customer.
Supply Chain TechnologiesArtificial Intelligence.Automated Material Handling Systems.Bar-coding/ Automatic Identification.Cloud Computing.Computer Aided Design (CAD)Computer Aided Engineering (CAE)Computer Aided Process Planning (CAPP)Computer Graphics.
Utilizing systems like TMS, ERP, and even CRM enables savvy business owners to consolidate all aspects of their supply chain in one place. The software will allow you to digitally organize inventory data, monitor and manage shipping, and tracking information, and create electronic bills of lading or invoices with ease.
SCM is a system control management software for laptops which enables users to alter various settings on MSI laptops. Click the icon in the figure to open "SCM". In this interface, you can change hardware settings and functions related to the laptop.
The Top-level of this model has five different processes which are also known as components of Supply Chain Management – Plan, Source, Make, Deliver and Return.
The Top Supply Chain Challenges for ShippersKeeping transportation costs down.Keeping up with customer/industry demands.Sourcing consistent, reliable carrier capacity.Keeping up with the latest technology solutions and demands.On-time pickup and delivery performance.
What are the components of your supply chain you should be focusing on right now?INTEGRATION. Integration starts at your strategic planning phase and is critical throughout your communications and information sharing and data analysis and storage. ... OPERATIONS. ... PURCHASING. ... DISTRIBUTION.
The Six Models of Supply Chain ManagementContinuous flow.Fast chain.Efficient chain.Agile.Custom-configured.Flexible.
Often, different stages within the supply chain are referred to as upstream or downstream. Upstream operations are those in which the materials flow into the organization. Downstream operations are those in which materials (mostly in the form of finished products) flow away from the organization to the customers.
Supply Chain TechnologiesArtificial Intelligence.Automated Material Handling Systems.Bar-coding/ Automatic Identification.Cloud Computing.Computer Aided Design (CAD)Computer Aided Engineering (CAE)Computer Aided Process Planning (CAPP)Computer Graphics.
There are five types of supply—market supply, short-term supply, long-term supply, joint supply, and composite supply.
Infor SCM is a supply management software that combines advanced supply chain planning, finance capabilities, and execution with the GT Nexus Commerce Network to enable companies achieve the control and velocity required to compete in the current market. The unique combination between Nexus commerce network and Infor SCM enables you to deliver faster actionable insights across your entire supply chain. Infor SCM also provides an excellent platform for solving relevant problems and challenges such as unexpected disruptions by offering real-time insights and greater visibility across the entire supply chain. The key features offered by Infor SCM include supply chain visibility,…
Descartes SCM is a supply chain management application that provides you with an array of cloud-based, modular, wireless logistics, and interoperable web solutions . These solutions enable you to deliver value for a wide range of logistics processes to organizations that enable them to operate their fleet across air, ocean, and ground. The primary features provided by Descartes SCM include management of transportation, global logistics network, mobile, routing, and telematics, customs and regulatory compliance, and broker and forwarder enterprise systems. The routing and mobile telematics feature provides you with an excellent platform for creating delivery appointments and plans that best serve…
SAP Supply Chain Management harnesses new technologies such as AI and the Internet of Things to provide full visibility and advanced analytics to help the users in planning, sourcing, and delivering the right goods and materials at the right time. SAP Supply Chain Management offers various SCM software such as SAP integrated business planning, SAP extended warehouse management and supply chain collaboration. SAP Integrated Business Planning is a real-time supply chain planning software which connects stakeholders across the user’s organization and integrates S&OP, demand and supply planning, and inventory optimization so that the users can rapidly and profitably meet demand.…
Highjump SCM is a supply chain management software that uses supply chain technologies to provide you with an excellent platform for responding to market needs. Highjump SCM provides you with solutions that enable you to respond to changes by yourself. The solutions provided by Highjump SCM have a compelling cost of ownership. The primary features provided by Highjump SCM include Omni channel fulfilment, management of labour, multi-client operations, and ERP integrations. The yard management feature provides you with an excellent platform for conquering complexity by providing you with graphical yard operations. The yard management feature also provides you with intelligent…
Manhattan SCM is a supply management software that provides architected solutions that break down the silos and enable the supply chain to serve top line growth without sacrificing the bottom line performance. The primary features offered by Manhattan SCM include management of carrier, distribution overview, extended enterprise management overview, and transportation overview. The carrier management feature provides you with an excellent platform for optimising load assignments, minimizing fuel costs, managing driver’s hours of service, and meeting customer expectations. The carrier management feature enables you to respond and manage the challenges like fluctuating fuel prices, utilisation of equipment, changing customer demand,…
Warehouse Management: This feature enables management of all activities taking place in the physical warehouse of goods and analyses aspects such as storage space and labor.
Inventory management: The software provides tools for managing the availability of stock and raw materials as well as their quantity. This feature is also used in predicting future trends in the inflow and outflow of inventory.
Tying in strongly with bid and spend tools, supplier management is a must-have when it comes to procurement. Along with assistive features for cost issues, supply chain management tools can also help businesses get a better understanding of how they relate to their suppliers. These tools show the history of a business partnership and how it affects the supply chain. Using supplier performance analysis, users can see how any given supplier has contributed to a business model.
Moreover, warehouse management tools help manage the kitting and bundling process as well as multiple warehouse locations. This is especially helpful when you need to bundle multiple products that are kept at different warehouses.
In addition to analyzing consumer demand and your suppliers’ performance, this type of supply chain analytics tool performs analyses of your data from the entire supply chain. Analysis tools allow users full visibility not just into the physical location of inventory, but also into the health and performance of the company. Analytics can provide insight into the company as a whole or into individual sectors. Demand forecasts give visibility into the popularity of certain items, whereas warehouse analysis might tell you the most efficient way to store and move that product. This also allows users to analyze order processing which can uncover the source of delays and errors. Additionally, users can analyze transportation and logistical processes.
Dashboards are one of the most common methods, as they offer quick information as soon as a user logs into the system. Supply chain dashboard tools can be configured to show the most relevant key performance indicators (KPIs) as determined by the user. 10. Collaboration Portals.
There’s another element among supply chain tools that’s focused squarely on security. Data theft can cause you to lose your position in the market as well as damage your relationships with suppliers. For instance, if your demand forecasts were stolen, your competitors would then have insight into the interests and preferences of your customers. This would enable other companies more effectively to sell to your market, reducing your profit. If financial data is stolen, you may lose the trust of the parties affected such as consumers or business partners.
Based on past trends, supply chain forecasting tools help you anticipate your customers’ demand. This provides the essential information to make crucial decisions regarding production planning, labor management and supplier relationships in order to meet this demand. Without forecasts, you risk stock shortages during periods of intense demand. On the other hand, when demand is unexpectedly low, you risk running high carrying costs you could’ve avoided otherwise.
Much like the tools and types of supply chains, there is no method that can solve the issues of every industry.
Supply chain management (SCM) is a business and technology discipline that refers to the ways of coordinating the activities involved in purchasing, designing, building, and selling a product.
Depending on the functions the supply chain management systems perform, they are classified into two categories, namely, supply chain planning systems, and supply chain execution systems.
They automate the flow of information between a company and its supply chain partners to optimize the sourcing and procurement, manufacturing, and delivery of products or services.
The ultimate goal of supply chain management systems is to efficiently manage the flow of information, materials, and funds across the entire supply chain, thereby reducing the cost of the supply chain while bringing ...
Managing the flow of products from the manufacturers to distributors to retailers and finally to customers in order to ensure the accurate delivery of products
Note that the supply chains of different organizations may differ in the number of entities and it is not always required for a supply chain to have all the entities. Each entity in the supply chain contributes to the goal of reaching the customers.
The concept of supply chain management is not new but it has become increasingly important for the last few years. With the shifting of business focus from manufacturing to customer value, companies are not much concerned about manufacturing costs or producing high-quality products.
Supply chain management is a process used by companies to ensure that their supply chain is efficient and cost-effective. A supply chain is the collection of steps that a company takes to transform raw materials into a final product. The five basic components of supply chain management are discussed below −
The initial stage of the supply chain process is the planning stage . We need to develop a plan or strategy in order to address how the products and services will satisfy the demands and necessities of the customers. In this stage, the planning should mainly focus on designing a strategy that yields maximum profit.
Start studying Chapter 15 : Supply Chain Management. Learn vocabulary, terms, and more with flashcards, games, and other study tools.
Put the production control logistical steps in sequential order with 1 being the start of the process and 6 being the last.
1. The supply component starts at raw material and ends in the organization.
Put the main steps of the purchasing cycle in order from 1 to 5 with 1 being the first step and 5 being the last.
Global SCM: The combination of global manufacturing with supply chain management, which must account for tariffs and local taxes as goods and services travel internationally to ultimately provide greater value at the end of the chain .#N#SAP SCM: Systems, Applications, and Products (SAP) is a software company that revolutionized logistics and enterprise resource planning. It provides an automated way to manage supply chain networking, supply chain planning, and supply chain execution, along with production planning, business forecasting, and demand planning.#N#Logistics and SCM: The art of coordinating efforts between every member of the supply chain to get products from their source to the consumer.#N#Purchasing and SCM: The focus on the monetary aspect of SCM, from costs to value added at each link in the supply chain.
There are key supply chain processes that you must take into consideration to effectively understand and manage them. These processes are all at play regardless of the type of supply chain you’re using.#N#Customer relationship management (CRM) comes first, because as the principles of SCM state, you must adapt everything in the supply chain to the customer. If no one is buying, there’s no need to produce anything. At the front of your supply chain, where a store’s staff interacts with its consumers, they must have plans in place for ongoing relationships. They need CRM tools to gather customer information for marketing and market research, all to determine the products and services to offer in the future.#N#Customer service management is another process that ties in, as it is where you gather negative and positive feedback to determine future needs.#N#Demand management is closely linked with the previous two, as it takes customer interactions and orders into account to determine the workload all the way up the supply chain. At its core, customers buying more means make more, and customers buying less means make less. Customer forecasting is an important task that analysts must perform well to determine the current demand and what it will be in the future, to prevent waste in the supply chain.#N#Product development is an important part of the supply chain that is informed by consumer demand. You must work with CRM and customer service data to determine what they want, which influences new products, product line extensions, and also what to stop making. You must integrate suppliers in this process because it affects cost, quality, and delivery time.#N#Supplier relationship management goes without saying - if you want to produce your products on time and on budget, you need a solid rapport with everyone you’re outsourcing to in the chain. This impacts manufacturing flow management, which ensures everything gets where it needs to go without delay, and at the correct spec.#N#Order fulfilment involves coordinating with distribution centers and either retail locations or 3PL to get the product direct to consumers. You’ve now made it all the way back to the beginning of the cycle, and need to pay attention to new CRM and customer service data.#N#Returns management, also known as the “reverse supply chain,” is a vital part of the flow of products that doesn’t fit perfectly into the clean supply chain cycle. It involves picking up online orders from 3PL locations or from consumers’ addresses and accepting returns at retail locations. Once these items are put back into inventory, they must be ready to get to a different customer while the product run is still live.
Customer relationship management (CRM) comes first, because as the principles of SCM state, you must adapt everything in the supply chain to the customer. If no one is buying, there’s no need to produce anything.
A supply chain is a collection of suppliers required to create one specific product for a company. The chain is made up of nodes or “links,” which can include multiple manufacturers for parts, then the completed product, then the warehouse where it is stored, then its distribution centers, and finally, the store where a consumer can purchase it. The concept of the chain is important, because each link is connected in a specific direction and order, and the next link cannot be reached without going through the previous one. Each link adds time and costs, and can involve labor, parts, and transportation. Every product a company carries may have its own supply chain, though they may use certain suppliers for multiple products. You can see why this gets so complicated, especially for international supply chains.
History. The concept of supply chain management was in effect long before the term was created in 1982. In the colonial era, international trade by ship was already making for complicated transportation issues and the need for efficiency.
Among consumer products, many younger, disruptive brands make their supply chain a selling point in marketing by being upfront about how and where they get their components, and where they make their products. The reasoning goes, if a company is hiding something, there must be an unethical component to it.