Modern consumers are used to the comfortable situation where any commodity they need is just a few steps or clicks away, available 24/7/365. Thus, whenever we lack something, we drop by the local mall or order it delivered to our front door via the Internet. But when making a purchase, we seldom wonder what makes such consumer-friendly shopping possible. The answer is pretty simple: the smooth operation of supply chains.
In the contemporary, largely globalized world, supply chains are the veins through which the blood of the economy circulates, ensuring a flawless connection between manufacturers and end-users. As the consumer market covers the entire planet and embraces an almost limitless range of products, handling supply chains becomes quite an ordeal for entrepreneurs, especially in retail. This is where the best supply chain management software available in today’s market comes in more than handy.
DICEUS helps retail businesses to grow using technology. Learn more about what we do!
Supply chain operations require a dedicated, focused approach if a company wants to acquire all the cost-saving, efficiency-boosting benefits that its supply chain holds. Supply chain management done with proper SCM solutions is a proven way to manage inventory centrally, leverage built-in analytics tools, and gain higher operational efficiency across the board.
Supply chain management (SCM) is the efficiency-driven coordination of technical and business processes involved with the functional chain that a company uses to source, inventory, organize, and manage its supplies. Specialized management software helps centralize and automate the entire supply chain, from raw materials acquisition to production assets to end-product delivery.
Efficient supply chain planning goes far beyond constructing the A-to-B route — with the right supply chain management software; you get complete supply chain visibility and the ability to optimize every tiny touchpoint and process.
Supply chains are advancing at breakneck speed, urging businesses to optimize operations while adapting to shifting market demands. Emerging trends highlight the need for agile, scalable, smarter, data-driven supply chain decision-making. Here are some standout trends shaping the future of supply chain management:
Supply chain management software comes in different shapes and forms, each tailored to address specific aspects of the supply chain process. By leveraging the right combination of tools, businesses can optimize efficiency, cut costs, and boost responsiveness to customer demand.
These are the main types of supply chain management software employed today:
Supply chain software is focused on simplifying and optimizing the supply chain journey from start to finish. Specialized software solutions come equipped with various tools and features that enhance efficiency, visibility, and responsiveness. Here’s a breakdown of their core functions:
With these essential functions, SCM systems empower businesses to build resilient, customer-focused supply chains. From refining demand forecasting to optimizing transportation management and inventory control, SCM tools are essential for staying competitive.
What are the bottlenecks that retail businesses face today?
These stumbling blocks are pretty serious in themselves. Still, retail ventures also have to manage the numerous features of the supply chain lifecycle, including supplier relationship control, purchase and order processing, inventory and warehouse management, logistics procurement, demand anticipation, bookkeeping, and other financial aspects.
Fortunately, ours is not only the epoch of globalization but also of across-the-board digitalization. State-of-the-art technologies enable the integration of all these previously disparate assignments into one system, employing different types of supply chain management software.
Experiencing a lack of technical expertise and skills?
Connect with a professional team to address your project challenges.
Supply chain management tools are software apps that function as real-time analytical mechanisms. They enable the management of the end-to-end flow of products and data related to supplier sourcing, transportation, warehousing, and inventory handling. The best supply chain software also provides round-the-clock monitoring and total transparency of supply operations at each process junction.
Having been developing software for retail ventures for a decade, we at DICEUS know what perks tools used in supply chain management offer.
The top supply chain management software has integrated accounting modules that streamline financial operations and exclude mistakes caused by the human factor, which will likely cost the company a pretty penny. But even apart from those valuable functions, supply management tools are instrumental in optimizing and automating many workflow procedures, reducing both the time spent and the number of employees involved in often monotonous and repetitive assignments. All of this spells cutting down on overhead expenditures.
The core function of supply management software is ensuring an accelerated flow of everything related to supply—information, materials, and goods. Speed is mission-critical in the age of cutthroat competition. Departments should quickly exchange business messages, outlets should receive products on short notice, and customers should get answers to their inquiries quickly. Such promptness is the foundation of smooth delivery, smart and flexible decision-making, seamless in-house collaboration, and high-quality customer services—the summaries that boost an organization’s efficiency, granting it a competitive edge.
The most popular supply chain management software solutions contain analytical tools that give a 360-degree view of clients, their demographics, preferences, and shopping behavior. With this information, the company’s experts can draw a comprehensive portrait of their customers and map out a marketing strategy to meet them halfway, effectively turning such solutions into supply chain planning tools.
Having sufficient inventory means being able to respond to demand fluctuations timely. But how much is enough? Supply chain tools can help you keep track of the roster and quantity of items. You have to rule out the absence of some products and their excess, which eats up warehouse space and related expenditures. Moreover, by employing supply chain tools software, you can meticulously schedule goods delivery and shipment to cut down on storage facilities drastically.
The specialized features of many supply chain software solutions enable comparisons between several vendors regarding the prices of their goods, delivery speed, support services, and other operational details. With a clear view of available options, retail managers could make better data-driven decisions and switch suppliers if their conditions stopped being most favorable.
Supply chain software offers undeniable benefits, making it a must-have for any retail company with big-time aspirations. What are the available options in this niche?
Microsoft is the vendor’s most notable client (and it has about 400,000 smaller ones), and it is the global leader in terms of revenues generated by its supply chain management products. SAP is not a single solution but a whole suite of tools that provides supply chain collaboration, warehouse management, integrated business planning, and more. By using SAP, organizations can significantly enhance storage and inventory management, streamline shipment management procedures, and facilitate cooperation with multiple suppliers.
This software keeps abreast of cutting-edge technologies (such as AI, IoT, and cloud deployment), allowing it to leverage advanced analytics, produce sales forecasts, map out financial and supply plans, and do dozens of other things that will improve your company’s efficiency.
The only drawback of this supplier is the lack of phone- and email-based customer support.
It has the runner-up spot in revenues, outstripping SAP’s number of customers. Oracle can offer an impressive line of cloud-based SCM products covering different aspects of supply chain management: procurement, order management, product lifecycle management, inventory control, supply chain planning, logistics, and maintenance. Such a roster of tools enables enterprises to handle all phases of supply workflow and to shape cost reduction and revenue growth policies based on the in-depth analysis of the customer persona.
The major shortcomings of Oracle are identical to those mentioned above.
This logistics behemoth firmly holds third place in SCM software revenues, with its solutions utilized by 20 out of the top 25 supply chains rated by Gartner, which operate not only in retail but also in the manufacturing, entertainment, travel, and hospitality industries. JDA’s tool is an end-to-end supply chain solution enabling both planning and implementation. It encompasses all aspects of the supply workflow – from scheduling and inventory management to workforce and task supervision, with budgeting and forecasting in between.
This software facilitates collaboration with retailers and bolsters customer service by forestalling their shopping desires. The downside worth mentioning is the absence of alerts that keep managers updated on every stage of the shipment process.
Software by this vendor is precisely honed for production planning and scheduling, opening broad streamlining opportunities for inventory optimization. Its supplier management functionality is meant to compare the quality of delivery displayed by various suppliers.
To use it, you have to contact the developer for a quote, yet no trial period or demo version of the solution is available to help you make up your mind.
Being not among the niche leaders, this vendor, however, shows the most robust growth pattern and offers a comprehensive suite of tools capable of supply workflow management and forecasting demand and planning the organization’s supply strategy. Among its unquestionable fortes is the procurement module that sends alerts in case any transactions demand attention, return management opportunities, and a free demo version extended to clients. Customer support is also evident, although only during the working day.
When you are through with choosing supply chain management software, you should integrate it with your existing ecosystem.
Experts of DICEUS have amassed tons of experience in new software integration, so they consider it essential to pay attention to the following tips.
However, each retail organization is unique in size, the products it deals in, the market it serves, shipment geography, and other aspects. Naturally, the variety of supply chain management software can hardly be a perfect fit for all of them. If this is your story, contact DICEUS to commission a bespoke SCM that will contain only the functionalities you need and thus will suit your venture to a tee.
Estimate project costs
Please share more details of your project with our team.
While off-the-shelf supply chain management software may offer broad (excessively so) functionality, custom SCM solutions provide businesses with a tailored approach that matches their unique requirements and objectives. Below are the key advantages of opting for custom SCM software:
Custom SCM solutions are designed to address an organization’s distinct supply chain processes. Unlike generic solutions, they mind unique workflows, industry-specific regulations, and operational nuances.
Custom software evolves with your business. It can scale up or down based on changing requirements, giving you long-term value and helping avoid the limitations of pre-built software.
Custom solutions are built to integrate with the company’s existing enterprise resource planning (ERP) systems, inventory and demand management tools, and other business processes.
While custom solutions may involve higher upfront investment, they offer significant cost savings in the long run by eliminating unnecessary subscription fees and cutting operational bottlenecks.
Modern retail business is a complex endeavor with many tasks and responsibilities to attend to. Providing an uninterrupted supply circulation is probably the most important and onerous given the challenges our globalized world pitches. Supply chain management software can radically streamline such efforts, facilitating workflow processes, curtailing expenditures, and boosting the company’s efficiency.
Supply chain management (SCM) is coordinating and optimizing the flow of goods, information, and finances across the entire supply chain. This includes sourcing raw materials, manufacturing products, managing inventory, and delivering products or services to customers.
The supply chain management process is a complex, interconnected system that begins with planning and forecasting customer demand. On top of everything mentioned above, the process often involves handling returns, recycling, or repurposing goods to maintain a sustainable supply chain.
Supply chain management requires professionals in diverse roles, each focusing on a specific area of the supply chain. Supply chain managers oversee overall operations to maintain efficiency and focus on business goals. Procurement specialists prioritize sourcing and maintaining supplier relationships, while logistics coordinators handle transportation and storage.
Digitizing SCM processes and operations planning brings several advantages, including enhanced efficiency through automation and improved visibility into all aspects of the supply chain. With digital tools, businesses can track inventory, monitor logistics in real-time, and make insightful, data-driven business and technological decisions, saving tons of costs and optimizing processes.
Choosing and implementing the right SCM software starts with understanding the specific challenges and goals of one’s supply chain. Businesses should evaluate software options based on features like demand forecasting, transportation and cost management, product lifecycle management, and supplier collaboration. It’s also important to consider how the software integrates with existing enterprise resource allocation tools and systems, such as ERP.