From the warehousing of raw materials and production of goods to the distribution of the final products to the point of consumption, supply chain management ensures that this movement goes on uninterrupted. Effective supply chain management allows a business to lower its overall cost of production and manufacturing. Getting familiar with some of the Supply Chain Management Tools that may help you improve your supply chain process and remove wastes. In this, we learn what is supply chain tools, introduce some popular ones along with their features and follow some tips to choose the right one.
What is a Supply Chain Management Tools ?
Companies in various industries employ a supply chain software tool to facilitate the smooth flow of raw materials and finished products. These tools enable firms to leverage current supply chain management methods and automate their supply chain. Ranging from downloadable applications to cloud software, these tools employ ICT to assist in creating a sustainable supply chain platform for an enterprise. They provide businesses with intelligent solutions to predict demand, complete sales orders and enhance their warehousing and procurement processes.
How Supply Chain Management Tools Refine Business Operations
These supply chain management tools are responsible for creating a host of opportunities for businesses to become economical, efficient, and agile. Let us see how these tools are revolutionizing the operation of the supply chain:
Visibility and Transparency are Enhanced
Information about the entire logistics and supply chain management program can be obtained using supply chain software. The software can gather real-time data that would allow organizations to maintain inventory information, monitor shipment status, and monitor supplier performance. Therefore, decisions would be made more effectively, with fewer possibilities of disruption.
Lowered Costs
Through the use of an SCM tool, an organization can know areas of improvement needed for its processes or bottlenecks that need to be addressed, hence creating significant opportunities for cost savings. For example, route optimization in TMS software can provide savings in fuel, and demand forecasting tools would help in controlling stock effectively to avoid overstocking or understocking.
Seamless Coordination
Supply chain management tools will also help to facilitate cooperation between the supply chain with multiple stakeholders such as suppliers, manufacturers, and distributors. Supply chain management tools synchronize and guide the current parties towards a shared purpose by giving them a centralized communication platform and data exchange platform.
Managing Risk
Another very important feature provided by SCM tools is their ability to anticipate and prevent threats. Demand forecasting and predictive analytics module enables companies to predict the likely UPS disruptions and to act proactively to reduce the negative impacts of the course of logistics and supply chain management.
Top 10 Supply Chain Management Software
1. SAP SCM
The most demanding supply chain activities can be supported by SAP Supply Chain Management, a comprehensive and deeply integrated solution that rests on some of the most significant pillars of the SAP system. It combines other SAP modules to deliver a seamless information flow throughout an entire enterprise.
The appeal is in its ability to manage extremely high levels of data and complex business processes in real-time and control. SAP SCM possesses unique capabilities in manufacturing planning and execution with extremely sophisticated tools in production planning, detailed scheduling, and quality management.
Key Features:
- Integrated Business Planning
- Advanced ATP and Order Management
- Production Planning and Scheduling
- Quality Management
- Warehouse Management
- Transportation Management
- Global Trade Services
Pros:
- view of the complete supply chain from start to finish.
- Advanced AI-driven demand forecasting.
- Smooth integration with SAP’s ERP landscape.
Cons:
- Very high cost and complexity of implementation.
- Needs extensive training for maximum usage.
Rating:
4.7/5
Best for:
Large global enterprises where ERP integration to the maximum extent is required
Website:
https://www.sap.com/products/scm.html
Pricing
Starting $30,000
2. Oracle SCM Cloud
Oracle SCM Cloud offers a cloud-based solution for predictive analytics, real-time supply chain visibility, and automation driven by AI to optimize operations.
Oracle SCM Cloud is the supply chain management of the future- a new, cloud-native way that embodies an extensive collection of applications designed to collaborate with each other in concert. The solution differs from other players in its ability to incorporate new technologies like IoT, blockchain, and AI into established supply chain functions to power at-scale digital transformation.
Oracle’s answer will provide real-time analytics and reporting features throughout the entire supply network-on both sides, from supplier partnership to customer delivery. Because of its highly modular design, this enables businesses to start off with only those pieces required and add on as needed-that makes it very attractive to an expanding business.
Key Features:
- Order Management
- Inventory Optimization
- Procurement Management
- Supply Chain Planning
- Product Lifecycle Management
- IoT Fleet Management
- Blockchain Track and Trace
Pros:
- Cloud-based for effortless scalability.
- Real-time inventory and logistics management.
- AI-driven automation for predictive demand planning.
Cons:
- Expensive for small companies.
- Advanced customization might require special IT support.
Rating:
4.6/5
Best For:
Mid and large companies seeking cloud-native solutions
Pricing:
Custom pricing on request.
Website:
https://www.oracle.com/scm
3. Blue Yonder
Blue Yonder used to be called JDA Software and is said to be a pioneer in AI-powered supply chain management solutions that provide end-to-end visibility and command over even the most complex business processes. The sophisticated machine learning algorithms allow the platform to create predictive analytics and self-governing decision-making authority to enable businesses to lower inventory levels and save costs while enhancing customer satisfaction.
The software is particularly great when it comes to discussing demand planning, warehouse management, and transport management. It is a software of really high worth in the manufacturing and retail sectors due to its cognitive function to handle an astonishing number of data points to forecast likely disruptions and even recommend mitigation measures.
Key Features
- AI-Driven Demand Forecasting and Planning
- Real-Time Inventory Optimization
- Warehouse Management
- Transportation Management and Optimization
- Supply Chain Control Tower
- End-to-End Visibility and Data Analytics
Pros:
- AI-driven demand and supply planning.
- Real-time warehouse and transportation management.
- Cloud-based for scalability and flexibility.
Cons:
- Higher prices than competitors.
- Sloping learning curve for new users.
Rating:
4.8/5
Best For:
Large businesses that need AI optimization of their supply chain
Pricing :
Available upon request
Website:
https://blueyonder.com
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4. Infor SCM
Infor Supply Chain Management is the functionality tailored to industries combined with extensive domain knowledge in different markets with particular areas of expertise in manufacturing, distribution, and retail. Micro-vertical approach: Infor solutions are pre-configured to satisfy the requirements and best practices of industries.
Effective analytics coupled with intuitive user interfaces, which assist organizations in making the supply chain operations more optimal without consuming too much time in training. Its adaptability will vary based on its ability to support straightforward and complicated supply chain situations and has the potential to offer strong forecasting and planning functionalities.
Key Features:
- Industry-specific configurations
- Demand Planning with Forecasting
- Warehouse Management
- Transportation Management
- Supply Chain Optimization
- Advanced Analytics
- Cloud deployment options
Pros:
- End-to-end real-time supply chain visibility.
- Automated risk mitigation and compliance tracking.
- Demand sensing and analytics powered by AI.
Cons:
- Difficult implementation process.
- Expensive for small businesses.
Rating:
4.4/5
Best For:
Industry-specific supply chain solutions
Pricing:
Small Businesses $10,000-$50,000
Large enterprises $1000,000-$500,000
Website:
https://www.infor.com/solutions/scm
5. Manhattan Associates
Manhattan Associates provides a best of class supply chain software solutions suite, especially warehouse management and omnichannel operations. The application provides sophisticated capabilities for managing complex distribution operations efficiently advance inventory optimization and order fulfillment abilities across multi-channels.
The solution here is usually efficient algorithms that enable an organization to lower warehouse labor, space, and inventory movement, thereby enabling good service levels. It is why Manhattan’s solution stands out that it can very easily manage high-volume operations as well as intricate fulfillment situations. This is the reason Manhattan’s solution is extremely well-suited for large retail and distribution operations.
Key Features:
- Advanced Warehouse Management
- Transportation Management
- Inventory Optimization
- Order Management
- Labor Management
- Yard Management
- Extended Enterprise Management
Pros:
- Real-time inventory visibility at multiple locations.
- AI-driven warehouse and transportation management.
- Extremely scalable cloud-native technology.
Cons:
- Premium pricing might not be appropriate for small businesses.
- Need for specialized training to get the most functionality out of it.
Rating:
4.7/5
Best suited for:
Large retailers and distributors that require a high-end warehouse management solution
Pricing:
Available upon request
Website:
https://www.manh.com
6. E2open
E2open provides an integrated supply chain sourced solution that is focused on the optimal utilization of multi-enterprise and trading partners’ collaboration.
Its answer is scalable to provide an online digital twin of the physical supply chain, through real-time visibility and situational decisioning capabilities. It is best suited to handle complex and global supply networks since it is able to link disparate systems and processes to a common view. The strength of E2open’s ability lies in its capacity to align data from very diverse sources and delivers actionable insights through advanced analytics and AI-driven recommendations.
Key Features:
- Multi-enterprise collaboration
- Omnichannel data management
- Demand sensing
- Supply planning
- Logistics management
- Trade compliance
- Business network connectivity
Pros:
- End-to-end supply chain automation and optimization.
- AI-driven demand forecasting and risk mitigation.
- Good collaboration features for suppliers and logistics partners.
Cons:
- Some features have to be purchased as additional modules, making it more complex and expensive.
- Customization is difficult to implement.
Rating:
4.5/5
Best For:
Multinational enterprise companies which concentrates on multi-enterprise collaboration
Pricing:
Available on request.
Website:
https://www.e2open.com
7. Precoro
Precoro comes as a spend and procurement management solution that can be set to become friendly to facilitate purchase facilitation for burgeoning businesses. Outstanding spending control is achieved through automated approval workflows, in addition to complete budget tracking features.
Precoro strength in uncomplicated complex purchasing processes to maintain compliance and accountability standards in line. The control it provides is real-time visibility into expenditure habits and supplier performance, so the choices become smarter and the cost control simpler.
Key Features:
- Purchase Order Management
- Approval Workflows
- Budget Tracking
- Supplier Management
- Expense Management
- Document Management
- Reporting and Analytics
Pros:
- Simple to use
- Streamlines the procurement
- Real-time tracking of budgets
- Customizable workflows
- Ability to integrate with accounting tools
Cons:
- Limited advanced tools
- Staple reporting
- Some limitations in customization
- Setup takes time
Rating:
4.2/5
Best For:
Small to medium-sized businesses that specialize in procurement
Pricing:
$35/user/month
Website:
https://precoro.com
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8. NetSuite Supply Chain Management
NetSuite Supply Chain Management is an integrated cloud-based solution that mirrors the entire NetSuite ERP system, thus providing an end-to-end view of supply chain operations. The application excels with real-time visibility into inventory levels, supplier performance, and demand patterns at locations and subsidiaries.
NetSuite’s worldwide platform stands apart from the firm by providing its inherent characteristics of subsidiaries, multiple languages, and multiple currencies. Rich reporting and analytical features enable firms to make more informed decisions based on information while sustaining their optimal levels of inventory in addition to lowering carrying costs.
Key Features:
- Demand Planning
- Order Management
- Inventory Management
- Warehouse Management
- Production Management
- Supply Planning
- Procurement Management
Pros:
- End-to-end supply chain visibility
- Strong inventory & order management
- Real-time data & analytics
- Scalable for growing businesses
- Integrates seamlessly with other NetSuite modules
Cons:
- High cost for small businesses
- Steep learning curve
- Customization can be complex
- Occasional performance lags
Rating:
4.5/5
Best For:
Rapidly growing businesses requiring integrated ERP and SCM
Pricing:
Standard $1,188-4,800
Website:
https://www.netsuite.com/portal/in/home.shtml
9. Körber Supply Chain
At the forefront of the warehouse and logistics, Körber Supply Chain offers a comprehensive range of supply chain solutions that are flexible and fast. Their solution might begin at a fundamental level, i.e., basic warehousing and, on the other side, ramp up to extremely intricate processes, which also provides configurable workflows, which can be modified as per specific company requirements.
What truly makes Körber powerful is the modular fashion in which it can be implemented. In this manner, an organization is able to add only that particular functionality that has been necessary while still retaining the potential for adding capability in the future. The software is particularly advanced at enabling real-time visibility and control of warehouse activities, ranging from exceptional capabilities in labor management and resource optimization.
Key Features:
- Warehouse Management
- Voice Technology
- Integration Labor Management
- Yard Management
- Transportation Management
- Supply Chain Analytics
- Mobile Solutions
Pros:
- Innovative warehouse & logistics solutions
- Highly customizable
- Scalable for complex operations
- Strong automation & robotics integration
- Real-time visibility throughout supply chain
Cons:
- High cost of implementation
- Technical expertise required
- Complex setup for small teams
- Limited third-party integrations
Rating:
4.4/5
Best For:
Companies that require flexible warehouse and logistics solutions
Pricing
$5,000/month
Website:
koerber-supplychain.com
10. Epicor SCM
Epicor Supply Chain Management is a firm that provides an integrated as well as complete solution especially for manufacturing and distribution firms that wish to make their work more convenient. Rich functionality on the platform provides inventory management, purchase management, as well as advanced material planning, which is far more beneficial for discrete manufacturers.
The strongest aspects of Epicor are its extremely high integration with the Epicor ERP system, which gives one complete platform for all business activities. Software has an intuitive interface and industry-specific capabilities that help an organization achieve maximum operational efficiency at minimal costs while holding an optimal inventory.
Key Features:
- Advanced Material Planning
- Inventory Optimization
- Purchase Management
- Supplier Relationship Management
- Quality Management
- Demand Planning
- Warehouse Management
Pros:
- Good manufacturing & distribution emphasis
- Real-time tracking of inventories
- Good integration with Epicor ERP
- Mid-sized business scalable
- Workflow customization
Cons:
- User interface might be dated
- Learning curve for effective usage
- Low flexibility with non-Epicor systems
- Time-consuming implementation
Rating:
4.3/5
Best For:
Mid-sized distributors and manufacturers
Pricing:
Supply Chain Module $12,000-$35,000
Website:
https://www.epicor.com
Final Thoughts
Supply Chain Management tools is not just software; it is an efficient tool that assists in attaining organizational goals and objectives, reduces costs, and makes customers happy.
Granting some features, organizations can control the complex web of supply chains with vendors across nations, be adaptable, and still be a force in the market.
Effectively, source, inventory, transport, and analysis tools form the basis of a well-conceived and efficient supply chain. Get these tools today for a successful and efficient operation in the times ahead.
FAQs
1. How do SCM tools enhance business processes?
They help manage inventory, orders, purchases, transport, and even forecasts and can trim costs and assist in generating improved value for the buyer.
2. What is the distinction between B2B and B2C SCM tools?
While B2B SCM tools are essentially designed for business-to-business sales, they are provided with features such as multi-user pricing, browsing of products in a custom way, and intricate orders.
3. Can SCM tools be integrated with other software?
Yes, most SCM tools are compatible with other applications such as ERP, CRM, and accounting applications to provide a single interface point for the supply chain.
4. Are SCM tools customizable?
Certain SCM tools have built-in functions that cater to specific needs of various businesses like flows, cost structure, and inventory disposition.
