SCM software or Supply Chain Management software is implemented by companies to deliver the benefits of the supply chain strategies they had adopted. It addresses one or more issues, mainly the planning, sourcing, production, delivery and return of goods. There are two main types of SCM software: planning applications and execution applications. Planning applications use advanced algorithms to determine the best way to fill an order. Execution applications track the physical status of goods, the management of materials, and financial information involving all parties.
Some of the SCM software suites are:
• NetSuite
• Lawson software
• Oracle E-Business suite
• Microsoft Dynamics
• Manugistics
Supply Chain Management software allows companies to track demand, supply, manufacturing status, logistics and distribution of their products. Timely and accurate supply chain management information allows companies to reduce the amount of inventory they keep. This cuts costs substantially thus benefitting the manufacturers. All this is possible due to SCM software.