For a variety of reasons, every firm needs an effective supply chain management system. For one thing, the program ensures that there is a constant flow of products into the firm with no needless disruptions in delivery.
With the advent of technology in recent years, there has been an increased need for supply chain process optimization. To achieve this, businesses must plan and invest. Several firms are always experimenting with new tactics to stay ahead of their competition. It will need strong and expanded Supply Chain Management (SCM).
The supply chain management platform is also necessary for keeping strong relationships with your company's suppliers. This good faith goes a long way toward assuring that they will provide you with the finest service possible.
Supply Chain Management software assists businesses in organizing and managing supply chain process across several sectors. SCM software supports businesses in managing their operations.
Let’s begin with the top 10 SCM platforms.
Top 10 supply chain management platforms
1- Blue Yonder
Blue Yonder is a SCM technology that simplifies inbound and outbound transportation management by providing end-to-end supply chain and retail solutions. With automated warehouse management, inventory management, and real-time tracking, it assists customers in managing their supply chain process.
It also offers expanded capabilities for manufacturing and shop floor planning. It does not provide some of the greater capabilities that some of its ERP rivals do.
2- MS Dynamics 365
Everyone is familiar with Microsoft products such as Outlook, Word, Excel, Office, Zoom, and others. However, Microsoft also has an excellent supply management software solution. It is included in the Microsoft Dynamics 365 bundle.
Microsoft Dynamics 365 Supply Chain Management is an Azure cloud-based tool that helps firms scale and grow, particularly when business volumes are high. The cloud adjusts to changing demands and assists businesses in managing large quantities.
It provides several business applications for optimizing supply chain processes, personnel, and materials, reducing vendor lead times and inventory carrying costs.
3- SAP SCM
SAP Supply Chain Management uses AI and IoT to enhance operations. It provides comprehensive insights and advanced analytics. These capabilities help users plan, get, and deliver the right goods at the right time.
SAP SCM enables businesses to engage with suppliers on ordering, forecasting, supply and demand monitoring, and warehouse and inventory management automation. SAP can help you improve your value chain by utilizing analytics and real-time notifications.
SAP S/4HANA is the gold standard for major, multi-national enterprises' ERP and SCM systems. It is large, complicated, and sturdy, which might be beneficial or detrimental depending on your demands.
4- Logility
Logility may not be as well-known as SAP or Microsoft, but it is a prominent name in the SCM field. Logility is ideal for incorporating artificial intelligence into its SCM features.
Logility is supply chain management software that gives you a competitive advantage through enhanced analytics and optimal planning. Logility presents a digital supply chain that combines smart and intelligent technologies to assist you in responding to market events.
Logility includes many tools for supply data analytics, such as IoT. This is one excellent supply chain management cloud software for demand forecasting.
5- E2Open
E2open is an excellent alternative for the finest transportation management SCM. The company's headquarters are in Austin, TX although it has offices all around the world.
E2open allows you to incorporate existing data without losing any of it. Advanced shipment notification management for customizable notifications and in-transit status updates is possible with E2open's supply chain monitoring. Supply chain analytics aids in precise forecasting, data integration and analysis, inventory analysis, transportation analysis, and warehouse analysis.
With incorporated AI and Machine Learning, E2open's network technology connects suppliers, contract manufacturers, distribution partners, and customers in a single interface.
Also Read: Supply Chain Digitization: What, Why & How to do it?
6- Fishbowl
Another popular industrial and warehouse inventory management application is Fishbowl! Its robust inventory control solution allows your SMEs to change inventory management and expand your business.
Fishbowl streamlines your production process and interfaces with popular business systems, like;
- QuickBooks
- Amazon
- Adobe
- Shopify
- Salesforce
It automates many production and inventory management difficulties to optimize crucial supply chain segments. It focuses on optimizing operations and saving time throughout the organization.
7- Netstock
NETSTOCK is a cloud-based inventory management solution that allows organizations to manage purchase orders, customers, suppliers, demand forecasts, and other aspects on a single platform. It enables experts to manage bills of materials (BOMs), analyze inventory levels, and develop demand planning strategies based on customer behavior and market trends.
Administrators may use the platform to manage orders throughout the product lifecycle, compute lead time, and define stocking rules based on company needs.
Inventory replenishment, multi-channel distribution, procurement, reporting, data management, and other functions are available through NETSTOCK. It also has a reporting tool that allows users to get insights into consumer actions through analytics, graphs, and KPI measurements.
8- Oracle NetSuite
Oracle, like SAP, is a massive software corporation that creates a wide range of corporate applications for:
- Accounting
- CRM
- Professional services
- Infrastructure management
- Human resources
Their ERP SCM module is beneficial in a variety of industries, including healthcare, energy, financial services, manufacturing, and retail. In terms of SCM tools, you get supply planning as well as a broader supply chain execution package.
Oracle SCM seeks to integrate Enterprise supply chains to build a strong network and procedures. With a robust solution like Oracle SCM, you can adjust to changing demand, supply, and market conditions.
The product offers a full-fledged ERP solution and a big client install base and the resources of software giant Oracle.
9- Infor
Infor CloudSuite and Nexus offer comprehensive supply chain and enterprise-wide solutions. The product package enables multi-party cooperation and includes novel features such as;
- A control center
- Predictive analytics
- Working capital management
A cloud-based SCM tool offers intelligent support solutions to its clients through real-time analytics and an AI-powered network. It helps firms in digital transformation and provides a consolidated platform for tracking operations, procurement, and logistics.
10- Epicor
Epicor Supply Chain Management solutions may help firms develop faster, increase profitability, and position your company to build supply. Its sophisticated processes, reliable reporting, and forecasting capabilities help you immediately identify possible obstacles and opportunities.
Epicor's key SCM capabilities are often found within the company's larger ERP module. It manages your building supply chain, optimize your distribution services, increase manufacturing efficiency, and manage any retail business.
Epicor SCM also enables the integration of mission-critical processes as well as centralized solutions that provide more control, data visibility, and insights to your supply chain.
Why do businesses need reliable SCM software?
Supply chain management platforms provide advanced tools and features to manage workflows, inventories, storage, and many other aspects. Let’s know some crucial benefits for deploying SCM platforms:
Increased efficiency
Preventing and eliminating bottlenecks enhances operational efficiency. Additionally, integrating SCM software with existing systems aids in the automation of common processes and boosts worker efficiency.
Greater visibility
Comprehensive supply chain visibility promotes data exchange and collaboration among the company's suppliers, distributors, retailers, and customers. This promotes improved supply chain management.
Risk reduction
External macroeconomic, environmental, regulatory, political, and technical issues all offer supply chain disruption risks. SCM software assists firms in identifying these risks sooner and mitigating their disruptive consequences.
Financial savings
SCM software reduces cost by improving inventory management, reducing waste, and monitoring payments. Cost reductions have a net positive influence on the bottom line.
How VLink Can Help
Supply chain platforms provide solutions for inventory management, workflow automation, smart invoicing. Building a SCM platform for your business requires the expertise of professionals. A custom software development company like VLink can help you build a functional SCM platform.
We have 500+ developers who know every major technology used to build large, scaling software that can help your supply chain business manage complex processes. You need to share your core requirements, and we’ll help you out with the latest innovations.
Shivisha Patel
