Success Factors in Supply Chain Management

Topics: Supply chain management, Management, Supply chain Pages: 16 (1170 words) Published: October 25, 2014
Running head: SUCCESS FACTORS IN SCM

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Success Factors in Supply Chain Management

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Success Factors in Supply Chain Management

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CMGT556

March 2, 2014

Sutap Chatterjee

SUCCESS FACTORS IN SUPPLY CHAIN MANAGEMENT

SUPPLY CHAIN MANAGEMENT

Supply chain management (SCM) works with the process flow of information as well as products from supply chain organizations. Development in technology facilitates organizations ability to coordinate activities for use of supply chain servicing. The Council of Supply Chain Management Professionals (CSCMP, 2011) defines supply chain management in the following way:

"Supply chain management encompasses the planning and management of all activities involved in sourcing and procurement, conversion, and all logistics management activities. Importantly, it also includes coordination and collaboration with channel partners, which can be suppliers, intermediaries, third-party service providers, and customers. In essence, supply chain management integrates supply and demand management within and across companies" (p.1).

There are four basic components within the supply chain management that are essential for SCM processes. First, ensure that to manage resource requirements, a strategy exists which the customers' needs are met for services/products based on their strategic demands. Secondly, the appropriate business supply chain partners, in fact, are the ones that will provide the end product from materials, servicing requirements through payment processes, delivery of goods, pricing, and any other method by which the process will be measured.

Third would ensure that operations is on board for ensuring the schedules take into consideration tasks for packaging, testing, process preparation, and delivery preparations. Lastly, logistics requirements are well thought-out, such as warehousing, orders, return processing, carrier/delivery service, and invoicing.

SUPPLY CHAIN MANAGEMENT SOFTWARE PACKAGE COMPARISON

For the SCM software package review, there were three companies in the comparison: SAP Supply Chain, PackManager, and IBS Enterprise. One area of concern was with PackManager whereby once installed technology support is not a provision. Daniels and Daniels (2012) indicate the areas of the five basic supply chain management activities which include plan, source, make, deliver and return. The comparison of the three SCM software packages above assist businesses in making an appropriate decision based on their specific needs. Each company had something that others may not have and, as a result, supports that one company may not be the viable solution for every industry. . To complete a comprehensive review of SCM software packages, the site which assisted with the compilation of data, FindTheBest.com (2014) indicates:

SUPPLY CHAIN MANAGEMENT SOFTWARE COMPARISON

SOFTWARE

SAP SUPPLY CHAIN

PACKMANAGER

IBS ENTERPRISE

COMPANY

SAP AMERICA

NULOGY CORPORATION

IBS US

URL

WWW.SAP.COM/INDEX.HTML

PACKMANAGER.NULOGY.COM

WWW.IBS.NET

INDUSTRY REVIEW

18 different industries

22 different industries

14 different industries

LICENSING

Non-proprietary

Proprietary

Proprietary

BUSINESS SIZE ACCOMMODATIONS

Large

Any size

Any size

FUNCTIONS

Client Collaboration

Client Collaboration

Client Collaboration

Inventory Management

Inventory Management

Inventory Management

Order Processing Management

Sourcing & Procurement

Order Processing Management

Sourcing & Procurement

Supplier Management

Sourcing & Procurement

Supplier Management

Supply Chain Analytics

Supplier Management

Supply Chain Analytics

Supply Chain Monitoring

Supply Chain Analytics

Supply Chain Monitoring

Supply Chain Planning

Supply Chain Monitoring

Supply Chain Planning

Warehouse Management

Supply Chain Planning...

References: Council of Supply Chain Management Professionals (CSCMP). (2011). Logistics Management. Retrieved from http://cscmp.org/aboutcscmp/definitions.asp
Daniels, P., & Daniels, A. (2010). _Business Driven Technology_ (4th ed.). Retrieved from The University of Phoenix eBook Collection database
Find the Best. (2014). Retrieved from http://FindTheBest.com
Handfield, R. (2011). What is Supply Chain Management?. Retrieved from http://scm.ncsu.edu/scm-articles/article/what-is-supply-chain-management
Wang, Z., Yan, R., Hollister, K., & Xing, R. (2009). A Relative Comparison of Leading Supply Chain Management Software Packn mages. International Journal of InfDrmDtion Systems and Supply Cnagement (IJISSCM), 2(1), 81-96. doi:10.4018/jisscm.2009010106
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