What is the correlation between Supply Chain Management Software & ERP Solutions?
SCM (Supply Chain Management) is an important role for any company, regardless of size. It focuses on obtaining raw materials, producing finished products, monitoring quality control, and ensuring that the product is delivered to the end customer within the time limit stipulated. Enterprise Resource Planning (ERP) software is required by SCM organizations to ensure that all operations function smoothly and efficiently. It also cuts down on resource waste, guarantees that product dimensions are correct, and ensures that sensitive financial data is promptly accessible to all departments.
Core capabilities of Supply Chain Management ERP software 1. Fully integrated into the ERP system
By providing essential business data in real-time with all stakeholders, everyone will have a single perspective.
• It’s straightforward to integrate the SCM module with your ERP system.
• It gives each department a consistent picture of your company.
• You won’t have to pay individually for third-party integrations.
• Any connected device can upload crucial business data in real-time at any time.
• An embedded SCM system adds features like centralized procurement and client order sources to the mix.
2. Simplified order and returns management
With the ERP software’s supply chain management module’s complete multi-site capacity feature, ensure the best customer experience by reducing reaction time and lowering expenses. Furthermore, by permitting a wide range of logistic conditions, this module will enable data connectivity and traceability.
• Order returns are easier with centralized return capabilities. You can return things regardless of when they were delivered or from whatever corporate website they were purchased.
• Change management and validation ensure that all entities have a single view across all sites and locations.
• Automated rule-based sourcing, supplier site availability, CTP (Capable to Promise), and multi-site ATP (Available to Promise) capabilities are all part of a reliable order acceptance method.
3. Supply chain management software benefits
The complex delivery processing, put-away, and pick-up capabilities of supply chain management software meet the needs of customers. Other advantages include
• To minimize time moving between storage bins, define warehouse routes, wave picking, and storage zones for rule-based put away.
• Set up mobile scanning systems to save time and resources by reducing human error. Furthermore, warehouse data collection, an advanced SCM tool, enhances accuracy and speed by selecting client orders using barcodes.
• For shelf life, complete up-and-down traceability, and management of expiration dates, creates serial and batch numbers.
• To keep critical things close at hand, use frequency and slotting-based put away to increase warehouse space.
• Ensure proper delivery processing by automating cargo procedures and model departure timetables.
4. Forecasting and planning
The supply chain management module contains key planning and forecasting skills that assist businesses in improving customer service, lowering administrative costs, and increasing ROI. It will also help you with:
• Effective inventory planning and replenishment. This skill allows you to respond quickly and effectively to changing market trends and customer preferences.
• Improve your predicting skills by using a range of statistical forecasting models, such as Bayesian, Best Fit, Brown’s level, and others. This function will help you obtain the correct amount of raw materials and produce the desired number of finished products on time.
• Manage a vast number of parts, materials, and finished products accurately and efficiently. Manual parameters such as service level can be created, and parts can be grouped by lifetime stage and frequency.
• 5. Built for the demands of the future
By utilizing the supply chain management module to reuse, reduce, and recycle things, you may contribute to the circular economy. In this way, waste can be reduced across the supply chain. Other benefits include:
Check to see if your business practices are ecologically friendly, and keep track of your environmental impact. It is more sustainable for a corporation to operate in closed material cycles.
• The SCM module’s capabilities include return material handling, condition codes, lot batch tracking, serial tracking, and configured parts, to name a few. Working in closed material cycles ensures your business’s sustainability.