4 Key Features of a Supply Chain Management Software

Software for supply chain management brings you the best forecasting and planning tools, cutting your overall product storage and warehousing costs while giving you confidence in your decisions. Set your production output strategy to precisely meet current customer demands, or offer volume discounts boldly because you’ll be equipped with expert-level visibility. Expect to use historical trends to estimate future demand. Use these same models to determine how your forecasting and planning strategies will impact inventory down the road, before you take those steps.

Supply Chain Management Software: Why It Works

With supply chain management software you should also be able to generate purchase orders and even work orders straight from forecasting and planning strategies. The outcomes are tangible. AMR Research found that organizations with improved abilities to forecast along their supply chains can cut down on unnecessary product inventory by up to 15 percent, show higher rates of perfect orders and reduce the cash flow cycle.

Supply chain management software has a unique ability to blend science with technology, from your materials acquisition, materials storage, work process scheduling and all the way to your warehousing and distribution strategies. By providing a simultaneous source of supply chain data, it also allows you to focus on collaboration, building better communication and more productive relationships from all your partners, distribution sites and locations.