What is Supply Chain?
Supply and chain, these two words explain in essence the full meaning
of supply chain system. It involves the entire line of processes and logistics in
a typical product’s life cycle, from supplier to customer. A typical supply chain
network may involve some or all of the following cross-functional activities, depending
upon the product or service involved:
Procurement: purchase and/or supply and storage of extracted raw
materials, parts components, semi-finished products, returned goods.
Production: production planning, manufacturing, processing, assembly,
outsourcing, inventory control.
Distribution: packaging, transport, shipping, selling, payment
processing.
Supply chain management integrates supply and demand management within and across
stakeholders. In brief, supply chain management is a cross-functional action to
manage the movement of materials into an organization, production of finished goods,
and delivery of finished goods out of the organization toward the consumers.
Supply Chain Management Applications
With automation and computerization gaining rapid grounds, companies can streamline
all the processes involved in a typical supply chain. Since the 1990s, there is
an increasing reliance on outsourcing the business processes and services. Supply
chain management software enables companies to keep track of all activities from
point-of-origin to point-of-consumption.
If automation is the need of the hour, customization is the key to success. We can
develop custom-built software packages to simplify all the business processes inside
and outside your organization. Applications developed by us will help you access
vital information related to inventory, work-in-process, order processing, and over
and above the accounting aspects involved at each stage. This can help you rationalize
the processes and increase productivity and profits.