Supply chain management (SCM) is the management of the flow of goods and services. It includes the movement and storage of product or components (inventory) from point of origin to point of consumption.
In the modern world, interconnected and interlinked networks, channels and node businesses are involved in the provision of products and services required by end customers in a supply chain. Supply chain management has been defined as the “design, planning, execution, control, and monitoring of supply chain activities with the objective of creating net value, building a competitive infrastructure, leveraging logistics, synchronizing supply with demand and measuring performance globally.”
SCM draws heavily from the areas of operations management, logistics, procurement, and information technology, and strives for an integrated approach.
To reduce a company’s cost and expenses, warehousing management is concerned with storage, reducing manpower cost, dispatching authority with on time delivery, loading & unloading facilities with proper area, stock management system etc.
Complete inventory visibility from procurement to delivery
Eliminate communication barriers within the organization and effectively manage inventory. Whether providing available to promise inventory to the sales team or providing asset reconciliation information to finance, SCM delivers.
Manage warehouse and drop ship fulfillment on the same sales order
- Analyze procurement, sales and margin history down to the serial number level
- Manage inventory with physical (serial/ lot number) and aging controls
- Track on-condition inventory (new, refurbished, overhauled) for aftermarket support
- Manage customer or vendor owned inventory
Supplier agreements are not effective if they are not leveraged. Capturing cost is pointless if it cannot be associated to the appropriate budget, sale or project. With SCM, contract leakage is avoided and margins can be managed from quote to sale.
- Automate purchase orders based on pre-negotiated agreements to expedite delivery
- Enforce spend policies with workflows and approvals
- Keep a close eye on overdue customer balances and disputed invoices
- Extends to indirect and direct Spend
- Provide a 360 degree view of your supplier’s performance in terms of on-time deliveries and quality conformance