Packaged supply chain management software can be a godsend to a company that is having trouble managing the work flow of their products. Raw materials, information and finances all need to be managed from the beginning. Everything a consumer owns has gone through a supply chain. The chain of a product consists of many steps along the way: suppliers of raw materials, manufacturers that put the materials together into a product, wholesalers and distributors who get the products in stores, catalogs and websites, the retailers who make the point-of-purchase sales and of course the consumers who buy the product.
That’s a lot of people and things to look after and take care of. A supply chain management software solution may be the answer in keeping it all organized and having people held accountable in their role of getting your product from the materials shelf to the store shelf. When considering supply chain management packaged solutions, or supply chain management software solutions, the following should be noted:
1. There are two kinds of packaged SCM software applications–planning and execution.
2. In order for any packaged SCM solution to be effective, you have to be willing to share info with both your suppliers and end consumers, and act on the info they give you.
3. The goal of a supply chain management packaged solution is to improve communication within your company and the companies you work with, in order to reduce unnecessary inventory, yet have an adequate supply of the inventory you do need.
Consider a packaged SCM solution that includes a planning applicationIf your company needs help in filling orders more efficiently, this is the software for you. For companies that produce a limited range of products, this might be all that is needed.
Buy SCM packaged software that includes an execution applicationIf you deal with many products, or have a number of suppliers, manufacturers, wholesalers, distributors, retailers, customers or some combination thereof, you'll want to think about adding an execution application to your SCM software package. Execution applications can help you manage communications, finances, materials and finished products across all of your associates.
Purchase an entire supply chain management turnkey solutionThere are companies out there that provide more than just the software. Supply chain management turnkey solutions consist of the planning and execution software mentioned above, and they also help you through consulting services. These kind of solutions can be expensive but offer a great return on investment.
- Buying packaged supply chain management solutions and software is a huge investment of time and money. Make sure you take your time looking at options so you know your resources are well-spent.