Supply Chain Management: Features, Functions, And Requirements

Supply Chain Management software permits companies to perform the following:

Source raw materials
Control product cycles
Monitor every touchpoint
Centralize data

SCM at https://inspectorio.com/ provides real-time updates to the managers on each resource and delivery status, permitting several tasks:

Plan potential disruptions
Increase visibility
Drive efficiency
Promote accountability

Before you jump into a solution, you should determine which Supply Chain Management features a business needs most.

Essential SCM software features

Monitor planning. Supply Chain Management systems provide info like the time, shipment date, order number, ID, freight data, and more. Businesses analyze insights to track the KPIs and make better strategic decisions. A centralized dashboard can help monitor:

Procurement
Manufacture
Logistics

It helps plan for disruptions in advance. In the later process, you can feed the performance data back into the system to boost forecasts and trends. Planning helps manage inventory levels by automatically allocating stock for high-priority orders. Further optimization helps companies use a just-in-time system to lessen the costs along with holding an inventory.

Customizable notifications
Advanced shipment notification management
Electric messaging API
User Configurable Dashboard
In-transit status updates
Demand forecasting
Visual supply chain map
Supply network scheduling
Material requirements planning
Supply chain simulation

Order processing. Get an order from sale to delivery accurately and quickly. It is one of the primary requirements of SCM. Get a head start with strong order processing, which makes all the difference for a good company. An order processing functions are:

Streamlining order-related activities
Increasing the number of excellent orders
Improving customer satisfaction

It handles the creation and delivery of orders, including multiple channels, and drops freight. You can choose a system that will handle invoices too.

Inventory management. It assists in evaluating how companies will bring materials into a business and the movement. Using software to organize the activities help companies gain more insight into how they work with the suppliers and where inventory will be at any given stage of the process chain. The first solution needs to support some techniques to input the inventory data into the system.

It is typically done using RFID barcodes or tags.

Warehouse management. WMS or Warehouse Management System can bring more precise levels of control to physical warehouse operations. SCM feature assists the users more capably direct what transpires inside the warehouse. The system helps deal with all the parts of the equation, including:

Labor
Materials
Floor space
Operational protocols

Everything in a warehouse works daily. These solutions are a part of the larger supply chain solution, as a standalone application or part of an ERP. While the standalone systems are integrated with the other software, selecting a solution as part of the existing SCM suite minimizes the need to manage overlaps and discrepancies.