Oracle Apps SCM Training in Hyderabad

Scope - SCM Software Features

Finding out which features of an SCM solution pair best with your supply chain management scope can be a daunting task. To save you some time, take a look at the features below to discover which are must-haves.

Supply Chain Monitoring and Analytics

• Monitoring the various moving parts of a supply chain is critical. Using real-time analytics SCM software can keep you in touch with the many variables of a supply chain at a moment’s notice. With the ability to rapidly monitor sections of your supply chain you can prevent problems before they happen.
• The rich well of data that is accessible through supply chain monitoring is invaluable. Monitoring existing and possible trends, and measuring your metrics against competitors makes supply chain monitoring a key piece of SCM. Planning for shipment departures and arrivals with accurate transportation scheduling will keep clients and customers happy.
• Monitoring the many pieces of a supply chain end-to-end is a must for any successful company. Accessible monitoring tools allow users to maintain up to date metrics on internal processes and customer satisfaction. The ability to track these data points strengthens all portions of your chain.
• With monitoring and analytics working together, you can discover and make adjustments to any KPIs (key performance indicators) that may be underperforming. Identifying root causes of underlying problems, mitigating risks, and optimizing processes across the entire supply chain are all valuable opportunities provided by SCM.

Supply Chain Planning

• Forecasting possible increases or decreases in demand allows proper decision making about warehousing, transportation, and manufacture.The functionality enables you to take this data and make informed material requests per demand.
• Planning keeps a supply chain competitive, and the data gathered continuously improves performance in the future. Viewing this organized data makes it possible to look ahead to make decisions before they become urgent needs. From a customer service standpoint, this is very valuable. Automatic allocation of high priority inventory will ensure rapid transit and on-time delivery of high demand goods.

Warehouse Management

• Warehouse management is another crucial SCM feature that differs per business. Warehouse management comes in a variety of forms and is integrable in many different software packages such as ERP (enterprise resource planning). The various problems that warehouse management can tackle depend on your specific needs.
• On a basic level, warehouse management functionality provides support when managing stock and distribution in the warehouse. Scheduling transfers of goods externally or internally and compiling all inventory data in one easy to reach location prevents errors and lost paperwork.
• The agility of warehouse management software allows it to work in close concert with other aspects of your supply chain such as inventory and quality management.

Transportation Logistics and Management

• This portion of SCM management connects to the many functions of physically moving goods from location to location. Creating efficient transportation plans leads to healthy cost reduction in the transportation process. Efficiently planning routes ahead of time ensures successful transport and final delivery, without unnecessary problems.
• If a small batch of goods needs shipping immediately, there are solutions for combining high demand goods into larger shipments without the worry of losing track of them. Integration of cloud-based 3PL (third-party logistics) companies further pushes how much you can get out of your warehouses and transportation structures. Multi-tenant warehousing operations and large transportation fleets are much easier to manage with the help of a 3PL setup.
• Providing shipment visibility with ease of access lets clients and customers rest easy. Happy customers are retained customers!

Sourcing and Procurement

• Ease of information exchange between sections of the supply chain is mandatory when avoiding errors and miscalculations. Online collaboration between multiple parties streamlines the procurement process and provides web ordering abilities. Say goodbye to unwanted meetings and foster an environment of collaborative information.
• Analysis of costs and spending allows for informed budgeting and forecasting ability. Less time spent on estimating spending budget frees up resources for other activities. Never purchase more or less than you need with real-time updates on ordering practices.

Supplier Management

• Suppliers are a vital part of any supply chain, and SCM software allows users to interact with them quickly and directly. Like any other part of the supply chain, suppliers need management too. SCM provides many options for selecting, maintaining, and holding suppliers accountable.
• According to a survey, nearly 87 percent of organizations had a supply chain disrupting incident involving a supplier in the last three years. Such events are entirely avoidable with the implementation of SCM. When a large scale failure of the supply chain is at risk, having multiple tools in place to combat them before they begin is vital.
• One such method is the use of scorecards. These cards are available to rate a supplier’s performance and reward them for accurate and consistent work. Enforcing contracts with suppliers and making sure everyone agrees is easy with accessible tools for communication.

Supply Chain Collaboration

• Clear and consistent communication along all lines of the supply chain is a cornerstone of SCM. Inclusive structures are highly beneficial and give everyone access to all information pertinent to their role. With easily accessible methods of discourse, everyone stays up to date on all planning phases. Visibility across the entire chain prevents surprises.
• Good communication is at the heart of any successful enterprise. With customizable portals and discourse areas, clients and customers will be comforted to know that reaching someone in the event of an issue is only a click away.

Integration

• The costs, both monetary and time-wise, of integrating new software solutions can be daunting. SCM software can communicate with many ERP and EDI (electronic data interchange) solutions. Modules for inventory management, warehouse management and many others ensure that the integration of an SCM won’t throw your entire operation into disarray.
• Seamless integration with other SCM efficiency modules will save vast amounts of time as retraining will not be necessary for software already in use. Allowing access through one secure login cuts down on time lost and prevents administrative issues.

Order Processing

• SCM can help boost order processing speed through timesaving optimizations of order execution and identifying chances for up and cross-selling. Any solution that increases efficiency and actively pursues potential revenue streams at the same time is a welcome one.
• The ability to capture demand from multiple channels including  XML, EDI and virtual storefronts further adds to the ease of integration. Quick in-house order building from purchase history and automated fulfillment processes simplify otherwise tedious tasks.

Inventory Management

• Having a properly organized and stocked inventory is necessary. Matching inventory levels with current demand gives users the ability to make quick and informed purchasing decisions. Enhancing inventory reduction allows a new product to be moved in consistently, thus increasing cash flow.
• In the event of rapidly increasing demand, an SCM helps maintain safety stock which prevents running out of product at a damaging time. Connecting customer service goals and inventory purchasing guarantee a constant stock of products that mean something to customers