Concepts | Supply Chain Management
Introduction
Supply Chain Management is the management of the entire value-added chain, from the supplier to manufacturer right through to the retailer and the final customer. It is the combination of art and science that goes into improving the way company finds the raw components it needs to make a product or service, manufactures that product or service and delivers it to customers.
 
Need for SCM
SCM has three primary goals:
  • Reduce inventory
  • To increase the transaction speed by exchanging data in real-time
  • To increase sales by implementing customer requirements more efficiently
Features
Almost any human activity that involves carrying out a non-repetitive task can be a project. So we are all project managers! We all practice project management (PM). But there is a big difference between carrying out a very simple project involving one or two people and one involving a complex mix of people, organizations and tasks. Enterprise Optimus comes into rescue here.

Enterprise Optimus automates the following project management activities.
 
Enterprise Optimus provides the following Supply Chain Management functionality.
  • Centralized Repository for Material and Machinery
  • Provision to Define Inventory Organizations & Storage Units
  • Internal, Transfer and Purchase Requisitions
  • Issue Forecasting & Planning
  • Forward & Backward Scheduling
  • Material Variance Computation
  • Negative Stock Management
  • Delivery Schedule Break-ups
  • Physical Verification of Inventory
  • Material Receipts and Partial/ Complete Acceptance/ Rejections
  • Vendor Agreements and Tracking Requisitions against Agreements
  • Automation of Bidding Process - Request for Quotations
  • Generation of Purchase Orders
  • Vendor Evaluation
  • Negotiations on Quotes
  • Service Definition for Sub-Contracting
  • Service Entry Sheet for Sub-Contracting
  • Complete Quality Management – Vendor Release & Goods Receipt
  • Inspection Planning Framework – Definition of Inspection Methods, Schedules, Standards & Metrics, Recording Defects, Quality Level & Scores, Archival of Quality Information Data