Supply chain management software
Supply chain management software (SCMS) is a business term which refers to a whole range of software tools or modules used in executing supply chain transactions, managing supplier relationships and controlling associated business processes.
While functionality in such systems can often be broad – it commonly includes:
- Customer requirement processing
- Purchase order processing
- Inventory management
- Goods receipt and Warehouse management
- Supplier Management/Sourcing
A requirement of many SCMS often includes forecasting. Such tools often attempt to balance the disparity between supply and demand by improving business processes and using algorithms and consumption analysis to better plan future needs. SCMS also often includes integration technology that allows organizations to trade electronically with supply chain partners.
Shift to Cloud-based technology
In 2012, the global supply chain management software market is estimated at $8.3 billion. The shift to global supply chain networks shifted supply chain systems to cloud-based technology. This encouraged technology that have all partners on the same software version, a single source of truth for all software, and the implementation of software technology with pay for what you use software.
- Inventory control system
- Inventory management software
- Supply Chain Management
- Operations management
- Warehouse management system
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