Supply Chain Management Software & ERP Solution

 

What is the correlation between Supply Chain Management Software & ERP Solutions?

SCM (Supply Chain Management) is a vital department for any company, irrespective of the department. It focuses on obtaining raw materials, producing finished products, monitoring quality control, and ensuring that the end-user receives the product within the set time frame. EnterpriseResource Planning (ERP) software is essential for SCM companies to ensure that all processes function smoothly and efficiently. It also cuts down on resource waste, guarantees that product dimensions are correct, and ensures that each department has fast access to sensitive financial data.

Core capabilities of Supply Chain Management ERP software

1. Fully integrated into the ERP system

Share critical business data in real-time with all stakeholders and give everyone a single view.

• The SCM module is easy to integrate with your ERP program.
• It gives each department a consistent view of your business.
• You won’t have to spend additional funds on third-party integrations.
• Critical business data is uploaded in real-time from any connected device, at any time.
• Additional functionalities like as centralized procurement and client order sources are available with an embedded SCM system.

2. Simplified order and returns management

Ensure the greatest client experience by minimizing reaction time and lowering costs with the complete multi-site capacity feature of the ERPsoftware’s supply chain management module. Additionally, this module will ensure data connection and traceability by allowing a wide range of logistic situations.

• With the centralized return capabilities, order returns are simpler. You can return items regardless of their delivery date or the corporate website from where they were ordered.
• Change management and validation ensure that all entities across all sites and locations have a single view.
• A trustworthy order acceptance procedure includes automated rule-based sourcing, supplier site availability, CTP (Capable to Promise), and multi-site ATP (Available to Promise) capabilities.

 3. Supply chain management software benefits 

Consumer requirements are met through supply chain management software’s sophisticated delivery processing, put-away, and pick-up. Other benefits include:

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• Define warehouse routes, wave picking, and storage zones for rule-based put-away to save time going between storage bins.
• Configure mobile scanning systems to reduce human error and save time and resources. Furthermore, choosing client orders using barcodes, warehouse data collection, and an advanced SCM tool, improves accuracy and speed.
• Create serial and batch numbers for shelf life, complete up-and-down traceability, and management of expiration dates.
• Increase warehouse space by using frequency and slotting-based put away to keep key items close at hand.
• Automate shipment procedures and model departure schedules to ensure correct delivery processing.

4.Forecasting and planning

The supply chain management module includes critical planning and forecasting capabilities that help firms improve customer service, reduce administrative expenses, and increase ROI. It will also assist you in:

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• Planning and replenishing inventory efficiently. This capability enables you to rapidly and effectively respond to shifting market trends and client preferences.
• Use a variety of statistical forecasting models, such as Bayesian, Best Fit, Brown’s level, and others, to improve your predicting skills. This function will assist you in obtaining the appropriate amount of raw materials required and producing the required number of final products on time.
• Accurately and efficiently manage a large number of parts, materials, and final products. Parts can be grouped by lifetime stage and frequency, and manual settings such as service level can be established.

5. Built for the demands of the future

You can participate in the circular economy by using the supply chain management module to reuse, reduce, and recycle items. You may reduce waste throughout the supply chain in this manner. Other advantages include:

Check whether your business procedures are environmentally sustainable and simply monitor your environmental impact. When a company operates in closed material cycles, it becomes more sustainable.

• Return material handling, condition codes, lot batch tracking, serial tracking, and configured parts are just a few of the capabilities in the SCM module that ensure your business is sustainable by working in closed material cycles.