Essentially, supply chain management (SCM) software is a digital tool designed to manage and optimise various components of your supply chain, from planning and procurement to production, inventory management, and logistics. This type of software is incredibly beneficial to companies because it can enhance their efficiency, reduce costs, improve customer satisfaction and keep contractors compliant with Health & Safety regulations.

In this blog, we’ll explain what exactly SCM software is, its purpose, and the many great benefits it can bring to businesses.

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Key features of supply chain management software

  • Inventory Management: Tracks inventory levels, orders, sales, and deliveries in real-time, ensuring optimal stock levels and reducing carrying costs
  • Order Processing: Automates order entry, processing, and fulfilment
  • Demand Forecasting: Uses historical data and predictive analytics to forecast future demand, helping businesses plan production and procurement
  • Supplier Management: Manages supplier relationships, contracts, and performance, ensuring timely delivery of quality materials
  • Contractor Management: Full view of all contractors in your supply chain and their compliance levels with Health & Safety requirements
  • Logistics and Transportation Management: Optimises transportation routes, schedules, and costs, ensuring timely and cost-effective delivery
  • Compliance and Risk Management: Monitors and ensures compliance with industry regulations and standards, identifying and mitigating potential risks

What is the purpose of supply chain management software?

The main purpose of SCM software is to streamline the supply chain process and make sure that your entire supply chain is compliant. It supports businesses with their various sites with lots of information in one easy-to-view place.

Benefits of supply chain management software

SCM software offers numerous benefits that can significantly impact a business’s bottom line and operational efficiency.

Improved Visibility

By providing real-time data and analytics, SCM software enhances visibility across the entire supply chain. This transparency allows for better forecasting, planning, and decision-making, ultimately leading to more efficient operations.

Enhanced Collaboration

It helps to develop collaboration with all supply chain partners, improving communication and making sure that everybody is aligned.

Cost Reduction

Optimising inventory levels, streamlining logistics, and automating processes all contribute to significant cost savings. SCM software helps businesses reduce excess inventory, minimise transportation costs and lower operational expenses.

Increased Efficiency

Automation of manual processes leads to increased efficiency and productivity. SCM software reduces the time and effort required for tasks such as order processing, inventory management, and demand forecasting, allowing employees to focus on more strategic activities.

Risk Management

SCM software helps businesses identify and mitigate risks by monitoring compliance and providing early warnings of potential issues. This proactive approach reduces the likelihood of disruptions and ensures continuity of operations.

Improved Customer Satisfaction

Whether it’s order processing or timely deliveries, they’re crucial for meeting customer expectations, and SCM software can help to make sure products or materials are delivered on time, resulting in higher customer satisfaction.

What is Contractor Management Software?

While SCM software manages the overall supply chain, contractor management software specifically focuses on managing relationships and engagements with contractors and subcontractors. It ensures compliance, tracks performance, and facilitates seamless project management.

Key Features of Contractor Management Software

  • Contractor onboarding
  • Compliance management
  • Performance tracking
  • Document management
  • Health & Safety templates for contractors

Why choose Smas Worksafe?

Take your business to the next level with supply chain management software from Smas Worksafe. We’re committed to helping businesses like yours streamline their supply chain making it as efficient, reliable and safe as can be!

We also offer SSIP Accreditation and Worksafe PQQ packages to help you meet compliance requirements on-site.

Request a quote today, or contact us and one of our incredible experts will be able to advise you on how we can help your business.