For businesses to succeed, supply chain management must be effective. Without it, businesses are unable to regulate input costs or ensure the prompt supply of goods and services. In addition to having stable supply chains, businesses must optimize their supply chains with supply chain optimization software to reduce total costs and boost value for the company.
To increase effectiveness and performance in a supply network, supply chain optimization software makes the best use of technology and resources like blockchain, AI, and IoT. The supply chain of an enterprise is a fundamental business operation that is essential for a positive customer experience.
Customers may obtain what they want, when and where they want it with the help of an efficient and responsive business model that is lucrative for the company and promotes supply chain sustainability. HashMicro has a solution called Supply Chain Management Software.
It enables you to keep up with fast-paced markets with complete visibility and advanced analytics. You can plan, source, deliver and forecast the right products at the right time. Supply Chain Management Software has a lot of benefits and main features that will be explained below.
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What is Supply Chain Optimization Software?
Supply chain optimization software is software that can handle important transactions in the manufacturing supply chain as well as efficiently manage the network of supplier relationships and regulate associated business processes. It assists in processing all purchase orders, contracts with suppliers, and requests from customers. It also supports maintaining inventory levels and balancing demand-sales-distribution-warehousing operations.
Well-integrated supply chain optimization software can improve daily operational activities by helping companies predict demand changes and establish positive relationships with supply chain partners. It is often connected to the company’s accounting practices, allowing for the better financial management of purchase orders, accounts receivables, and outstanding payments in the supply chain network.
Also read: 6 Top Contract Management Software for your Business!
Why Does Your Business Need Supply Chain Optimization Software?
A supply chain optimization tool can assist manufacturers in tying together every aspect of the manufacturing or distribution value chain, from material sourcing and R&D to procurement and final production and delivery. This tool enables companies to obtain a comprehensive overview of the supply chain network, empowering the entire system to identify innovative ways to improve delivery speed while decreasing costs and risks, rather than focusing on individual suppliers. It can also aid in identifying and removing operational bottlenecks that obstruct crucial procedures, which can reduce productivity and efficiency.
This is why HashMicro Supply Chain Management is perfect for your business. The benefits you can get from it is concluded;
- Improves efficiency which makes you easily meet customers’ orders.
- Multi-warehouse support makes your warehouses in multiple locations well-tracked and eliminates human error significantly.
- On-time delivery which makes every cycle from ordering to delivery arranged effectively so customers will receive it as planned
- Sales forecasting allows you to have sales predictions automatically to keep up with the ever-changing market landscape.
Best Supply Chain Optimization Software
Every business surely needs an effective supply chain management system in place for a lot of reasons. Supply chain optimization software is also essential for maintaining good relations with your business suppliers. Now, here’s 5 best supply chain optimization software your business might need:
HashMicro is a smart business solution provider that helps medium to large enterprises improve the efficiency of their business processes. They have so many interesting solutions and products, including supply chain management. HashMicro software supply chain management has 6 main features as follows; inventory management, procurement management, order management, shipment tracking, return management, and planning & forecasting. And also has 4 system integration which are:
- CRM-Sales which would help you create sales orders and quotations, set multiple price lists, and calculate commissions easily
- Inventory Management System which would help you manage the stock in multiple locations, do the stock transfer, and stock taking in one platform
- Procurement System which would help you create purchase orders and purchase requests and set up the approval matrix easily
- Transportation Management System which would manage all cargo, goods packing and picking, cargo location, and delivery time effectively
The consultancy services offered by GEODIS give businesses a clear road map for improving their supply chain. Companies can identify potential efficiencies in supplier relationships and logistics network design with the help of external firms. Some companies may also ask these firms to acquire the services required to turn these potential efficiencies into actual ones.
They normally do this by issuing a Request for Tender. Although the Supply Chain Optimization Line of Business of GEODIS is a component of a large 3PL provider, it has its own autonomous structure to ensure that clients and potential clients have the objectivity they need to plan and carry out their projects.
A supply chain can be turned from a cost center to a strategic asset with the help of GEODIS. GEODIS offers value in many ways than merely as an advisor. At the customer’s request, their expertise can also handle the sourcing and acquisition of solutions. Alternatively, customers can enter into a strategic outsourcing arrangement with GEODIS and give them control over logistics management.
E2open is an online system for managing supply chains that aim to deliver more adaptable and demand-driven supply chains. The features of E2open include order processing management, inventory management, warehouse management, transportation management, sourcing and procurement, supplier management, and client collaboration. They also include supply chain monitoring, analytics, planning, and collaboration.
The existing data can be integrated with E2open without any data being lost. Advanced shipment notification management for customizable notifications and in-transit status updates is made possible by E2open’s supply chain monitoring.
Inventory analysis, transportation analysis, warehouse analysis, management of data integration, and analysis of data are all made easier with the aid of supply chain analytics. Their differentiator from the other supply chain management software is:
- Harmony, which is E2open’s supply chain collaboration platform unified user experience centralizing all workflows and analytics on a single pane of glass
- Intelligent applications, which is an end-to-end process orchestration for planning, execution, and optimization
- E2net is the world’s largest direct business network enabling secure and real-time collaboration
SAP Supply Chain Management enables collaboration, planning, execution, and coordination of the entire supply chain from suppliers to manufacturers to wholesalers to retailers to consumers. In order to give customers complete insight and comprehensive analytics, SAP Supply Chain Management makes use of cutting-edge technologies like AI and the Internet of Things. This enables users to plan, source, and deliver the appropriate goods and materials at the appropriate time.
In order to quickly and profitably satisfy demand, users of SAP Integrated Business Planning can connect stakeholders from throughout their company and combine S&OP, demand and supply planning, and inventory optimization. With SAP SCM, companies can reduce operating costs with more time planning for procurement, manufacturing, and transportation. Also, the ordering process, product, and performance monitoring can lead to improved performance and quality.
With the help of comprehensive analytics and improved planning offered by the supply chain management software Logility, you may obtain a competitive advantage. Digital supply chains from Logility use clever and intelligent technologies to help you adapt proactively to market developments. Additionally, Logility offers advanced analytics and collaborative scenario analytics to assist you in overcoming the most difficult supply chain and retail planning problems.
Demand optimization, inventory optimization, integrated business planning, supply optimization, master data management, retail optimization, and transportation management are some of the key features provided by Logility. One of the main benefits of using Logility is automated strategies which means automating continuous replenishment strategies such as Vendor Managed Inventory (VMI), Efficient Consumer Response (ECR), Collaborative Planning, Forecasting, and Replenishment (CPFR).
Also read: Top 7 Asset Management Software Features
Oracle supply chain software is a cloud-based solution that provides end-to-end supply chain management capabilities for businesses. It includes features such as demand planning, inventory management, order management, and logistics management.
With Oracle SCM, businesses can plan, execute, and optimize their supply chain operations more effectively. The supply chain software offers real-time access to inventory levels, demand predictions, and order statuses. Furthermore, Oracle SCM has collaboration tools that help communication and streamline supply chain processes with suppliers, customers, and other stakeholders.
JDA Software is a cloud-based supply chain optimization solution that provides a comprehensive set of features to help businesses optimize their supply chain processes. The software supply chain management includes modules for demand planning, inventory optimization, transportation management, and warehouse management, among other capabilities.
One of the key features of JDA Software is its use of machine learning and AI. By leveraging these technologies, the supply chain software can analyze large amounts of data and identify patterns and trends that humans may not be able to detect. Consequently, this can help businesses make more informed and data-driven decisions about their supply chain processes.
Blue Yonder is a cloud-based supply chain optimization software that uses AI and machine learning to provide real-time insights and predictive analytics for businesses to optimize their supply chain processes.
The supply chain software includes collaboration tools to improve coordination and streamline supply chain processes. In addition, it’s also can analyze large amounts of data from across the supply chain to identify patterns and trends and make predictions about factors that can impact supply chain performance.
Manhattan Associates is a cloud-based supply chain software that provides a wide range of features to help businesses optimize their supply chain processes. The supply chain software includes modules for order management, inventory management, and transportation management, among other capabilities.
The software supply chain management by Manhattan Associates can analyze large amounts of data and then use that information to make predictions in supply chain performance. This enables businesses to make more informed decisions and take proactive steps to optimize their operations.
NetSuite offers a Supply Chain Optimization software module within its ERP system. This module provides real-time visibility into the entire supply chain, enabling businesses to make informed decisions and respond quickly to changing market conditions.
The supply chain software includes features such as inventory management, demand planning, order management, and warehouse management. Overall, the NetSuite Supply Chain Optimization software helps businesses increase efficiency, reduce costs, and improve customer satisfaction.
Supply chain optimization software has a main function: it assists in processing all purchase orders, contracts with suppliers, and requests from customers. It also supports maintaining inventory levels and balancing demand-sales-distribution-warehousing operations.
It’s also effectively connected with the company’s accounting practices to take into account purchase orders, accounts receivables, outstanding payments, etc., which helps to address the financial effects on the supply chain network as well.
HashMicro software Supply Chain Management is a key to successful supply chain management. It has its main benefits, main features, and interesting integration systems which you already read above. It has innovative development in every aspect and consists of a team full of experts.
It’s also customizable and configurable according to your business structure and all. Try the free demo and you can see for yourself why HashMicro Supply Chain Management is perfect for your business.