Supply Chain Management Software: A Comprehensive Step-By-Step Guide
Definition of Supply Chain Management Software
Supply Chain Management Software (SCM Software) refers to a set of digital tools and applications designed to streamline and optimize the various processes involved in managing the production and distribution of goods.
It encompasses the entire supply chain, from the procurement of raw materials to the delivery of finished products to end consumers.
Process Automation: SCM software automates repetitive tasks, reducing manual errors and enhancing efficiency.
Data Visibility: Provides real-time visibility into the entire supply chain, allowing for better decision-making.
Collaboration: Facilitates communication and collaboration among different stakeholders in the supply chain.
Inventory Management: Helps in tracking and managing inventory levels, minimizing excess or shortages.
Demand Forecasting: Utilizes data analytics to predict demand patterns, enabling more accurate planning.