The supply chain is an important term in business. However, executing it is a more challenging thing.
This post discusses the software tools and lists the best Supply Chain Execution software that helps to automate tasks and run the supply chain.
Also, you get to know about the benefits of supply chain execution and warehouse management system(WMS).
It includes manufacturing, warehouse, transportation execution systems, and systems that provide visibility across the supply chain.
Definition of Supply Chain Execution
Supply Chain Execution is the process of effectively managing the supply chain. In other words, we can say supply chain execution is the process of providing the supply chain items where they are required most.
In this digital and technological era, numerous Enterprise Resource Planning Software and Enterprise Application software are available with an in-built Supply Chain Execution System.
Many large organizations and small businesses are already leveraging these in-built systems to manage their supply chain logistics effectively.
There are numerous tasks that an automated system for supply chain execution can do.
Some of the well-known software for supply chain execution are transportation management software, warehouse management software, order fulfillment software, and global trade management software.
All of this software, as mentioned above, is geared towards managing the supply chain execution process more conveniently.
For instance, global trade management software allows business owners to manage the transportation and carriage of their products.
Fleet management software enables corporate governors to control the shipment of their finishing goods locally.
Inventory control tools allow a company to save a behemoth amount of money by achieving a leaner inventory model.
These core technologies and many more may help the company automate the tasks related to Supply Chain Execution.
The components that make up a typical SCE system
The main components of an SCE system are order management, inventory management, transportation management, warehouse management, and production planning. Each component is designed to optimize the flow of materials through the supply chain and improve efficiency.
Supply Chain Execution Software
To correctly manage the task related to supply chain execution, we strongly recommend you to use appropriate software.
Top 10 SCE Software Solutions
1. Oracle Transportation Management
Oracle TMS is a cloud-based supply chain management software that offers users a complete view of their transportation operations. It provides users with the ability to plan and execute shipments, track shipments in real-time, and optimize routes.
2. Manhattan Associates Warehouse Management
Manhattan WMS is a warehouse management system that helps users to increase,
- Customer satisfaction
- Revenue growth
- Reduce operational costs
3. JDA Manufacturing Planning
JDA Manufacturing Planning is a software application that provides users with the ability to plan and optimize production processes. It helps users increase production efficiency, reduce inventory levels, and improve customer satisfaction.
4. Infor LN Distribution
Infor LN Distribution software application is designed to help users manage the distribution process. It provides users with the ability to track inventory levels, manage customer orders, and optimize route planning.
5. Kinaxis RapidResponse
Kinaxis RapidResponse is a cloud-based software application that helps users manage the production process. It provides users with the ability to plan components that make up a typical SCE system order management component is designed to manage customer orders, track inventory levels, and optimize production processes.
6. IBM Sterling Order Management
IBM Sterling Order Management software application is designed to help users manage customer orders. It provides users with the ability to track inventory levels, manage customer accounts, and create sales reports.
7. Epicor Prophet 21
Epicor Prophet 21 software application is designed to help users manage the production process. It provides users with the ability to,
Auto-generate purchase orders
Optimize inventory levels
Improve customer satisfaction
8. Microsoft Dynamics AX Trade & Logistics
Microsoft Dynamics AX Trade & Logistics software application is designed to help users manage the production process. It provides users with the ability to track inventory levels, manage customer accounts, and generate sales reports.
9. Netsuite SuiteLedger
Netsuite’s SuiteLedger is an accounting software application that provides users with the ability to track their financial transactions. It helps users manage their cash flow, create financial reports, and track their spending.
10. Infor CloudSuite
It is a cloud-based software application that offers users a complete view of their transportation operations. It provides users with the ability to plan and execute shipments, track shipments in real-time, and optimize routes. In addition, it offers users the ability to manage their financial transactions, create financial reports, and track their spending.
This is a list of some of the most popular SCM software applications today. Each software application offers users different features and benefits.
There is numerous automated software for the supply chain execution that can govern the overall manufacturing operations and supervise distribution processes like receiving and fulfillment of orders and the order shipment.
Application software for supply chain execution works in synergy to create harmony between manufacturing operations required to design a product usable by the customer.
Let’s have a more in-depth look at the software applications used to manage the product-related information within the involved operations.
Automated System for Warehouse Management
Smartly managing the inventories required by the business has a long-term impact on business operations.
Well-Known corporate leaders emphasize the importance of effective inventory management in these words,
Keeping too much inventory reduces the liquidity of money. But, on the other hand, too few products mean stocks, which leads to the loss of too much capital investment.
An automated tool for Warehouse Management can benefit the proper management of finishing goods inventory. The automated warehouse management system ensures the availability of the right amount of stock in the right place.
The right place may vary from situation to situation. For example, the right place may be the manufacturing facility, distribution center, warehouse, or anywhere.
The most basic warehouse management system lays the foundation for the day to day business activities that are crucial to warehousing, including
- receiving of order
- framing a strategy for the practical completion of order
- transporting finishing goods from the manufacturing facility to an appropriate place
- picking, procurement, and shipping of the order.
The below image shows the supply chain execution application focused on by industry.
An advanced, fully automated warehouse management system may include,
Consistent Upgradation of Inventory
The automated warehouse management system keeps on upgrading the inventory consistently and calls for the transportation of the finishing well from the manufacturing facility to the pickup area.
It keeps on transporting the inventory so that pickers won’t run out of stock.
Capable of Handling Large Quantity of Returns
For the last few years, there has been a drastic increase in online shopping; and there is an increase in customers returning items for various reasons.
The automated warehouse management systems have an in-built feature to deal with many returns.
Cyclic Inventory Counting
Automated WMS generally comes with the support for the usual inventory accounting process. However, this pre-defined process involved the most accurate inventory counting systematically.
Coordination with the Production Team
The warehouse management system consistently engages with the production team via a handheld RF device and voice technology.
What is supply chain planning?
Supply chain planning helps map out the manufacturing process, logistics, and inventory required to meet future demand.
It balances product supply and customer demand by combining pricing strategy, forecasting, and inventory management.
Supply chain planning v/s supply chain execution
Improvement in the Pre-Existing Warehouse Management System
Nowadays, the warehouse management system plays a vital role in effectively managing the business cycle.
As the need for a more robust and dynamic WMS comes into play, more automated systems were developed in the past to address the flaws of the pre-existing WMS system.
Various applications were developed and deployed to reduce the shortcomings of the pre-existing WMS.
These well-known applications are slotting, yard management systems, and labor management systems.
The autonomous slotting software algorithm is delicately designed to precisely calculate the fast-moving items by mapping the warehouse, velocity of orders, and order mixes.
The information gleaned through this automated system is then leveraged to determine where each product should be placed to frame the most effective and prominent picking operation.
For instance, fast movers should be placed at a very optimum distance from the shipping area, and slow movers can be recognized at a long distance from the storage place.
Companies should place similar items at an appropriate site to minimize pickup errors.
Yard Management System
Richard Kirker, SAP’s solution owner for warehouse management, expressed the importance of a yard management system in these words,
“Yard management system solely relies on the concept of WMS, and Visibility is the greatest issue.”
The yard management system is a valuable and prominent tool to bridge the warehouse management system and transportation gap.
Business owners can easily leverage information the yard management system revealed to analyze the carrier’s delivery performance.
Labor Management Tool
The warehouse management system governs all the manufacturing activities and is an automated tool for labor-management to manage workers’ requirements efficiently.
Labor management automated tools precisely monitor the performance of warehouse personnel. Aside from all these peculiar features, the labor-management tool provides real-time feedback to the management tool.
How do you build a good supply chain network?
Before executing any work, it is crucial to building the network. Following are the few stages of evaluating a supply chain network.
- The first stage is supply management. It contains tier-one vendors. Interaction with vendors is through documentation like purchase orders and releases.
- The second one is supply chain management. It contains tier-two vendors. Interaction with vendors is through documentation with some data sharing.
- The third one is supply chain integration. It boosts the members in supply to collaborative involvement. At this level, communication will be transactional with the exchange of data and information.
- The last one is demand-supply network collaboration. In this stage, critical information flows through the entire supply chain simultaneously.
Designing of the supply chain network
Here are a few tips for building and designing a supply chain network.
- Have a clear idea about your goals: Clearly define the following things.
- The demand for customer service level in the market
- Mode of transportation that should balance cost and performance
- Number of warehouses that you must have
- Amount of inventories that you must have for each product
- Assign a particular warehouse to supply products for a specific customer
- Collect the supporting data: Collect essential data like product demand in the market, transportation cost, inventory and warehouse cost, lead times during transportation, etc., for a better decision.
- Choose a good tool: It is crucial to have a good supply chain network optimization tool. Choose the tool carefully so that it should address all the decisions you are required to make and reflect your business.
- Inspect the supply chain network: Keep on analyzing your supply chain network.
- Keep on implementing: It is a never-ending process. So keep on revising and implementing the supply chain network.
Benefits of Supply Chain Execution
In this today’s revolutionary era, supply chain execution has become crucial for companies to remain competitive in an excessively saturated market.
Savvy consumers further intensify the situation as he expects an elegant product from the manufacturers, fast delivery, and a maximum level of accuracy.
Here are how an organization can benefit from an advanced supply chain execution system.
Automated tool for supply chain execution generally comes with Radio Frequency picking and voice-activated commands.
The time consumed on manual processes is reduced by one-half through these automated tools.
Productivity is further enhanced by the in-built features of automated supply chain execution explicitly designed to address an organization’s specific needs, such as retail, manufacturing, CPG (example of CPG), and distribution.
Optimize Cost and Consolidates Assets
An advanced supply chain execution system appreciates the net worth of an organization’s assets and reduces the production cost across every aspect of the supply chain logistics lifecycle.
With the most potent and elegant tool designed explicitly for streamlining operations, you can efficiently enhance labor productivity, leverage the equipment, and improve the production capacity.
Sophisticated transportation equipment reduces transportation time and operating expenses. On the other hand, an inventory management system reduces reliance on excess inventory.
Improve the Quality of Manufactured Goods
Small and large scale organizations and manufacturing firms can enhance the
- overall order accuracy
- reduce the cost incurred on an error correction
by the proper implementation of an advanced automated supply chain execution system that includes a computerized system for
For manufacturers to corporate governors looking for a way to achieve operational excellence, it is strongly recommended to leverage the game-changing capabilities of advanced supply chain execution.
The advanced supply chain execution system generally comes with the in-built feature to reduce complexity, reduce operating expense, and boost overall revenue and profitability.