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.