Features That Your Supply Chain Management Software Must Have

Features That Your Supply Chain Management Software Must Have

There has been a paradigm shift in the way logistics and supply chain function. The change is from a manufacturer push to a consumer pull. Today, customers expect to order from anywhere, anytime and promptly receive their orders. As a manufacturer, you need robust supply chain management software such as ComActivity that can work around the clock to meet dynamic customer demands.

Australia’s logistics and supply chain industry is about 145,000 workers strong and is likely to grow at a rate of 2.1% per year. The industry dominated by unskilled and semi-skilled labour is now attracting highly skilled workers. As an employer, you can reduce costs and increase efficiency by using a supply chain software meant for today’s workers. These are the features that it should have.

Planning and Procurement

When you forecast accurately, you can meet demand with ease. Therefore, the software should have a robust forecast feature that allows you to plan to manufacture and procure inputs accordingly.

You can also set up procurement strategies based on company policies so that procurement is based on defined guidelines. For example, you can limit the amount that an individual can order, and anything more needs approval. This ensures there is enough raw material to meet the demand forecast without any wastage.

Collaborate With Vendors

The software should allow you to collaborate with vendors by requesting quotes and placing orders directly to them. When the entire RFP process is integrated into the software, you can approve vendors at multiple levels simultaneously and finalise on vendors faster.

Inventory Management

After the forecast, the next step is to check the inventory. You will want to clear the goods available before you make more. It means that your software should alert you about the stock already available and how much needs to be acquired. Companies like ComActivity provide tools that help you plan inventory based on demand volatility and supply uncertainty.

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Schedule Production

With forecasts and raw materials, the next item on the list is production planning. You can use various planning methods, such as Just-In-Time or other inventory strategies. You can plan your production process accordingly and ensure that automated work orders are sent to the relevant departments.

Logistics

This is a crucial element in the entire process. When you deliver on time, you create lasting relationships. The end goal is customer delight, and logistics play a vital role in satisfying customers. Your supply chain management software should be able to offer more than one way to fill orders.

For example, you should be able to send goods directly to an outbound truck, or send them from the receiving dock directly to the pick location, send them to value-added service, or a combination of these.

Warehousing

Warehousing can be based on LIFO or FIFO, depending on the kind of system your company uses. Each inventory management system requires a systematic intake and dispatch of goods based on their manufacturing dates. Being able to track these dates and dispatch goods virtually helps avoid mistakes.

The supply chain is the core of your business. Therefore, it needs to be a robust process that ensures minimal errors and the highest efficiency level. With providers like ComActivity, you can expect an agile framework with end-to-end visibility and collaborative features across the entire supply chain ecosystem.

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