![]() ![]() WMS systems monitor and control the movement of materials within the warehouse. Example vendors include ShippersEdge, Aravo, Epicor and Lawson. Buyers can submit e-RFx, electronic requests for x (quotes, proposals and other information), to potential vendors to gather data for making informed purchases. Spend analysis pinpoints unnecessary costly supplier relationships by comparing current spend to other market options. Sourcing software is used before the procurement process to establish cost-cutting goals and to pre-screen potential vendors. Example vendors include Coupa, SphereWMS, Microsoft Dynamics and WISE. As the accounting segment of SCM systems, procurement also handles reporting and compliance issues. Purchasing terms are distributed electronically throughout the organization for instant approval, and expenses are logged for future reference in the next sourcing cycle. Procurement software carries out purchase orders and maintains the financial side of supplier/customer relationships. Businesses likely to scale might also be looking for a system with more complexity such as vendor management systems. Example vendors include R.Portal, Geneva BMS, Fishbowl Inventory and S2K. The software also helps users keep track of their suppliers' regulatory compliance. ![]() Performance analyses utilize key performance indicators (KPI) and audit trails to monitor spend and supplier performance. Users can assess supplier risk through user-defined risk categories. Example vendors include Datalliance VMI, RedPrairie, SAP and Aravo.īuyers use supplier relationship solutions to monitor the performance of their suppliers. Buyers can automate sold inventory reports, and suppliers respond with new shipment notifications and invoices. Various communication options-such as XML, Web portals and email-help multiple business partners increase visibility. Vendor managed inventory (VMI) systems give suppliers the ability to monitor and replenish the buyer's inventory themselves. ![]() Example vendors include Microsoft Dynamics, Geneva BMS, Fishbowl Inventory and SAP. Multi-dimensional forecasting allows users to view information through a variety of different filters-by market, time or customer-and run a series of "what if" simulations to project future demand. Example vendors include InStyle ERP, SCP 4.0, VISION SCM and Clever.ĭemand planning software improves the accuracy of potential demand forecasts by reducing biases in the data and providing that data to your organization in real-time. Simulated demand estimates are run using historical trend data and planned promotion schedules to determine how changes in market awareness will affect your organization's inventory requirements in the future. Planning systems are used to forecast customer demand and adjust the speed and flow of production accordingly. Screenshot of Freightview shipment overview dashboard Common Features of SCM Software Supply chain optimization software can be an invaluable tool in maximizing production efficiency and planning for the future. Many supply chain management systems include forecasting, which helps companies manage the fluctuations in supply and demand by using sophisticated algorithms and consumption analysis to evaluate buyer histories. While functionality in these systems varies tremendously, common features include:Įxecution-focused applications (e.g., warehouse and transportation management) Supply chain software is a software program or module designed to control end-to-end business processes across the supply chain, perform demand planning and forecasting, and manage supplier relationships. This buyer’s guide is designed to identify the features associated with supply chain management systems to help navigate the selection process.īenefits of SCM Software What Is SCM Supply Chain Management Software? Some programs concentrate on business intelligence, others focus on inventory control or transportation management and there are full-suite systems that do all of the above and more. ![]() While the supply chain management software market is relatively small (compared to many other markets), the vast disparity in functionality between different SCM programs makes buying decisions much more complicated. Buyers Guide Last Updated: March 16, 2023 ![]()
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