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Thursday, 2 March 2017

04:44

What is Supply Chain Management?

Every product that reaches you is a collective effort of multiple organizations. All these organizations form a part of Supply chain. Supply chain management thus includes managing the movement of raw materials into an organization, the internal processing of these materials into finished products, and further movement of the finished products towards the end user. The organizations that become the part of the supply chain are interlinked through physical flows and information flows.



             





The purpose of supply chain management is to improve trust and collaborate among supply chain partners, thus improving inventory visibility and the pace of inventory movement. Main functions that form part of Supply Chain Management are as follows:

  • Inventory Management
  • No matter what kind of business you run, you need to be able to examine it in real time. To have this control, it’s required to know the 3W’s -what’s where and when described above that form the part of SCM. With this control you can certainly have more efficient people and processes, a better handling on the costs and above all customer satisfaction yielding greater profits.



    • Distribution Management
    • Channel Management
    • Payment Management
    • Financial Management
    • Supplier Management
    • Transportation Management
    • Customer Service Management



                                             


    Implementing an ERP solution is a competent way to integrate the various methodologies and smoothen the process right from inventory till packaging, delivery and managing the financial implications. This also ensures excellent data management, analysis and swift decision-making process.
    Help taking the problems out of the process using an ERP:-
    With a real-time look into sales data, inventory, shipment schedules, and more, a total picture of what’s coming in and what’s going out can be known and an easier time management can be achieved. An ERP would in general help in

    • simplifying the critical purchasing and receiving processes,
    • knowing what your customers want now and plan for what they will need next,
    • keep inventory track minimum in quantity and still address demand
    • help improve customer service and thus customer relationships




      Put it all together
      SAGE 300 ERP is fit for any company’s supply chain, comes with a host of capabilities that can make it easier for entire organization to connect and collaborate.
       SAGE 300 ERP is a completely integrated, multinational business management solution, quick to implement and simple to use—Sage 300 ERP provides best-in-class solutions to automate workflow throughout your organization. A unified solution delivers enterprise-wide visibility maximizing collaboration and providing insight for strategic decisions that drive revenue growth and improve profitability. SAGE 300 ERP includes integration of modules Financial management, Inventory Control, Purchase and Sales management of an organization.



    04:38

    8 Amazing Logistics & Supply Chain Mobile Applications




    In today’s real-time business environment getting goods where they need to be quickly and cost-effectively is of paramount importance. To stay ahead smartphones, mobile applications and devices are fast becoming must-have tools for operations, logistics and supply chain professionals.
    Savvy supply chain professionals are aligning their business with the latest and greatest mobility devices and applications to help them stay in front of the competition.
    These mobile applications help companies do everything from track inventory and shipments, to executing procurement transactions and reordering processes, to collaborating in real-time with internal and external supplier partners. There are even apps that tell you the if your customers are posting negative things about your company or brand on social media.
    Tapping into these tools helps logistics executives improve supply chain functionality, productivity, and profitability. In this blog we’ll break down a few of the top supply chain mobile applications in the market today that are breaking down barriers in logistics, supply chain and warehousing management.


    1. Logistics – Logistics ManagementLogistics is a completely free app designed to Android devices that tracks drivers, vehicles, shipments, and clients in this all-in-one app among the supply chain mobile applications. Take a movement to let that register! This app wields some serious operational capabilities if you need help juggling your warehousing and logistics operations. Look no further is you are looking for a mobile app solution that can help extend visibility into your entire supply chain right from your smart phone.


    2. TomTom WEBFLEET – Telematics SolutionWhen your workforce is out and about, it can be difficult to retain control of your day-to-day operations. TomTom has developed an app called WEBFLEET, which tracks day-today operations for an ever mobile workforce. It is an online application that enables you to manage your fleet 24 hours a day. WEBFLEET is accessible through a web browser where operations managers can manage in real-time their entire field operation from the comfort of a laptop or smart phone.


    3. Scandit – Advanced Barcode ScanningScandit is a supply chain mobile application that extends barcode scanning to the tech savvy inventory manager on the go. Turn any phone, Android or iOS, into an advanced barcode scanner with Scandit. Unlike other barcode or QR code scanners, Scandit doesn’t need the scan to be perfect for the data to be processes. Scan hard to reach or see barcodes with ease. Scandit also is enabled with cross-platform capabilities enabling easy sharing of data across other smartphones, tablets and computers.


    4. EazyStock – Inventory Optimization SoftwareEazyStock in a cloud based inventory optimization tool that systematically reduces excess and obsolete stock levels (bad inventory) from your warehouse locations to reduce costs while increasing the availability of your faster turning more profitable items (healthy inventory). With easy API integrations with any Enterprise Resource Planning (ERP) tool, inventory managers can automate procurement and replenishment processes that historically were guesswork cutting into profit margins. Fancy KPI dashboards show you how you are stacking up month to month and call out areas where there is room to cut costs. The system makes forecasting and inventory planning easy.


    5. Evernote – Online File & Document StorageEvernote is not specifically designed for the inventory management, warehousing and logistics field, however this app is one of the best tools for organizing important files, images and documents and is therefore a popular app among the supply chain mobile applications. The app even has voice recording technology built in for capturing important memos when you are away from your laptop or can’t spend time typing out notes. It is a free tool to use, is available on most every platform and will drastically improve planner productivity and ease of document management on the go.


    6. CoPilot Truck– Map & Direction RoutingThis is app is a game changer for the professional truck driver industry. CoPilot is an easy to use app that offers vital turn-by-turn navigation. Not your average Google Maps app, CoPilot has a few additional algorithms under the hood to help drivers follow more efficient routes based off of dynamic information: routing parameters, load type for hazardous material transport, and truck height and weight recommendations.


    7. ServiceMax – Field Service ManagementServiceMax is one of the top mobile apps for field service management. Built 100% on the Salesforce1 Platform, the app seamlessly integrates field service contracts, order management, workforce optimization, parts management, social media customer monitoring, customer communities and analytics into a companies salesforce.com system. When it comes to building an end-to-end view of your service organization, ServiceMax delivers as a 360-degree view from your call center and service agent performance all the way down to the good (or bad) twitter post your customer just shared with their peers about your service.


    8. GasBuddy – Cheap Gas FinderThe free GasBuddy app finds the cheapest gas station in the area and is therefore one of the most common used supply chain mobile applications. The app dynamically compiles information from a large user base across the United States and Canada to help find you the lowest prices across thousands of different stations. For fleets hauling freight across country, saving a few cents per gallon can add up quickly and produce some serious savings.



    Saturday, 14 January 2017

    01:47

    Definition - What does Logistics Management mean?

    Definition - What does Logistics Management mean?




    Logistics management is a supply chain management component that is used to meet customer demands through the planning, control and implementation of the effective movement and storage of related information, goods and services from origin to destination. Logistics management helps companies reduce expenses and enhance customer service.
    The logistics management process begins with raw material accumulation to the final stage of delivering goods to the destination.
    By adhering to customer needs and industry standards, logistics management facilitates process strategy, planning and implementation.

    Friday, 13 January 2017

    20:28

    SCM Corporate Structure

    The corporate centre of SCM Group includes:
    • SCM (Ukraine)
    • SCM Holdings Limited (Cyprus)
    • SCM Limited (Cyprus)
    • SCM Advisors (UK) Limited (United Kingdom).
    The corporate centre is responsible for the development strategy of the Group, key investment and management decisions and approval of candidates for senior management positions.
    System Capital Management (SCM) is wholly owned by SCM Group. It was founded in 2000 in Donetsk,  Ukraine.
    The company spurred the establishment of SCM Group. Initially, SCM’s business was a combination of individual assets, each of them directly controlled by System Capital Management. Due to inefficiency of the corporate structure, in 2006 the company decided to restructure the business in line with the international standards of corporate governance.
    SCM Holdings Limited Company is 100% owned by SCM Group. SCM Ltd (Cyprus) is wholly owned by SCM Holdings Limited.
    SCM (System Capital Management) Limited is 100% owned by SCM Group.
    SCM Limited is the direct owner of more than 40 companies operating under the umbrella of SCM Group.
    SCM Advisors (UK) Limited is a member of SCM Group, Ukraine’s leading financial and industrial group.
    The Company provides advice to the Group on investments in technology companies and works with their founders on behalf of SCM Group to help them grow their businesses. The SCM Advisors’ team also advises SCM Group on structuring international transactions and supports the process of making investment and strategic decisions at some of the Group’s existing assets.
    At SCM Advisors, we believe that making profit and contributing to the communities in which we operate go hand in hand. Increasing our profit supports our commitment to invest in the well-being and sustainable development of local economies and the environment. We strive to be a good corporate citizen, and a respected institution.
    Rinat Akhmetov is the ultimate beneficial owner of SCM Group.
    20:27

    Supply Chain Manager Salary

    A Supply Chain Manager earns an average salary of Rs 699,257 per year. Experience strongly influences pay for this job. People in this job generally don't have more than 20 years' experience. The highest paying skills associated with this job are Vendor Management, SAP Materials Management (SAP MM), Operations Management, Supply Chain, and Inventory Management.