Invest in Supply Chain Management software that will impact your bottom line.
As supply chains grow ever more sophisticated, businesses need a solution for managing them. Meanwhile, manual tracking and management have become less efficient and prone to errors.
To overcome these kinds of issues, companies invest in supply chain management (SCM) software. Automation and easier access to data significantly impact processes related to supply chains, improving customer retention and boosting profits.
From warehouse and supply management to shipping, monitoring, and customer service, SCM software has become a must-have for modern businesses seeking an edge over their competitors.
Significantly improve the flow of finances, products, in addition to enhancing collaboration.
Cost reduction
Data-driven decision making
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Security and trust
Improved product quality
Decreased delays
Revenue growth
*Accenture
Supply chain management software (SCMS) is a tool for managing and executing supply chain transactions, from the manufacturer, through to the retailer, before finally reaching the customer. SCM software enables you to enhance business processes related to warehouse and inventory management, delivery and customer service.
Modern SCM systems include SAP Hana and Oracle E-Business Suite, although cloud-based custom supply chain management solutions are becoming increasingly popular. If you want to implement a system that better fits your needs, you can choose between:
As both methods make for suitable business solutions, you should choose one based on your specific needs. The choice depends mostly on your business goals, company size, or the complexity of the supply chain in question.
Supply chain management relies primarily on data gathered at different stages of the supply chain process. The way companies use these insights to make decisions to optimise demand, supplies, inventory, and deliveries can be instrumental to their success.
That’s why SCM software is so essential, as it enables companies to make better use of that data. SCM software gives structure to the information already in your possession, making daily use more straightforward.
Through the use of an SCM solution, you can identify faults in your supply chain process, make improved inventory decisions, or directly inform customers of shipping status for their confirmed orders. Therefore, SCM software improves your business operations and your relationships with suppliers and customers.
Supply chain management software supports every stage of the supply chain, including:
Depending on your specific business needs and processes, you can adjust a custom supply chain management solution to accommodate your requirements. Make sure to include these in your software.
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Development
Development or implementation of an IT solution.
Support
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When deciding on SCM software development options, you need to compare different price points and the features that come with them.
Custom SCM development involves developing your solution from scratch by software developers. It gives you the broadest level of control over features to include in your solution, the technology it will employ, how you will integrate with third-party services, and more. This may entail a fixed rate or based on time & material, depending on the project complexity.
By investing in SCM implementation services, the rate may depend on the solution you choose and include a monthly subscription, based on the number of enrolled employees. Features will also depend on the type of solution, as well as possible integrations with third-party services. In some scenarios, this solution can be more expensive than custom software.
At SoftwareHut, we’re a team of 200+ experienced software developers, ready to deliver your project. With over 200 projects delivered for our clients, we know our craft when it comes to bespoke software development.
We’re an extended team, which means we can join your project at any time, working hand-in-hand with your in-house software developers. You don’t have a team? No worries, we take on entire projects, too.
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We’ve covered some of the most frequently asked questions to make your decision as straightforward as possible.
Supply chain management software gives an overview of your entire supply chain. Whether you want to manage suppliers or inventory, improve the delivery, or give your customers a way to track their shipments, SCM software is the way to go.
As CRM comes in many forms, including custom and out-of-the-box solutions, CRM software development is the process of creating or implementing such solutions at a company, tailoring or adjusting features to specific client’s needs.
The best supply chain management software should best answer your business needs. As every company is different, you should aim at choosing a solution that fits your supply chain, its robustness, suppliers, customer’s needs, etc.
Therefore, the best supply chain management software consists of custom made solutions. If you prefer to implement an existing solution, there are several recognised global companies, the most prominent of which being Oracle and SAP.
Customer Relationship Management (CRM) software focuses on managing your relationships with customers and prospects. This means that with CRM tools, you can track information such as client names, company names, contact info, and case scenarios, e.g. the documents associated with their purchases.
Supply Chain Management (SCM) software manages the flow of products and information related to each step of your supply chain. Using an SCM tool, you can keep track of your suppliers, manage inventory and improve deliveries.
The types of supply chain tools vary depending on their specialisation. These types can, therefore, include warehouse and supplier management, demand forecasting, supply chain analytics, shipping management and tracking, and order processing.
