Before Initiating the SCM Module: Which One Should You Master First? We have to understand the basics of SCM. SCM encompasses delivering products or services to partners and customers as efficiently as possible. Additionally, SCM entails planning and managing data & finances throughout the supply chain. Five essential components constitute SCM:
• Planning
• Sourcing
• Manufacturing
• Delivery
• Returns
6 Benefits of SCM:
- Cost Savings
- Better Customer Experience
- Fewer Quality Issues
- Stronger & More Resilient Supply Chain
- Greater Sustainability
- Competitive Advantage
Components of SCM:
- Planning
- Sourcing
- Manufacturing
- Delivery
- Returns
8 Key SCM Processes:
- Purchasing
- Manufacturing
- Inventory Management
- Order Management
- Warehouse Management
- Customer Service
- Reverse Logistics
- Performance Tracking
The Impact of AI in Supply Chain Management
AI is changing SCM like every other business area by using
advanced algorithms & machine learning to:
- Optimize processes
- Enhance decision-making
- Reduce costs
- Provide actionable insights
- Automate processes
- Personalize customer experiences
- Solve problems proactively
Types of Supply Chain Models
Different companies have different SCM needs based on their
goals and strengths:
- Continuous Flow Model
- Agile Model
- Fast Model
- Flexible Model
- Efficient Model
- Custom Model
Oracle Fusion SCM Modules Tutorial:
1. Logistics and Transportation
Logistics & transportation are vital for moving goods smoothly but
require strategic planning, execution, & control of product flow—both
physically & financially.
2 Inventory Management
This ensures the right product quantity is available at the right time &
place at the right cost.
3 Purchase Order Management
Provides a structured framework for procurement processes by
standardizing purchase orders.
4 Warehouse Labor Management
Strengthens workforce planning & boosts productivity
through proper labor allocation.
5 Supply Chain Planning
Helps meet operational challenges through efficient planning practices.
6 Procurement
Minimizes costs and ensures strong supplier relationships through
effective supplier selection.
7 Supply Chain Analytics
Offers data-driven insights for strategic decision-making within the
supply chain. Supply chain analytics also help you evaluate different
scenarios, assess potential changes or disruptions, and guide strategic
initiatives (network design, sourcing strategies and capacity planning).
8 Integrations
Allows seamless data flow across platforms like ERP and CRM systems.
9 Warehouse Management
Enhances order fulfillment processes by managing efficient warehouse
operations.
10 Supplier Management
Streamlines supplier relationship management activities through automated
tracking & notifications.
Which One Should You Master First?
To choose which SCM Module we Should Master First in ERP systems?
consider what’s most important for your company’s operations—from
demand planning to inventory management.
FAQs:
1.What is SAP SCM module?
SAP SCM covers key processes—Supply Chain networking, planning
& execution—and integrates with other SAP applications.
2.What are the SCM modules in Oracle?
- Supply Chain Planning.
- Inventory Management.
- Manufacturing.
- Maintenance.
- Order Management.
- Logistics.
- Product Lifecycle Management.
- Procurement.
3.What are modules in SCM?
Common modules include demand planning, procurement,
manufacturing, inventory management, order management &
warehouse management (WMS).
4.What are the 4 parts of SCM?
1.Integration2.Operations3.Purchasing4.Distribution
5.What is Oracle SCM software?
Oracle SCM helps you quickly respond to changes in demand &
supply by connecting your supply chain seamlessly.
At IQStream Technology, we’ve trained over 3,000 consultants & held
sessions for more than fifty companies! Our comprehensive training
programs equip you with the skills needed to excel in this industry.
If interested in more details, give us a call or WhatsApp at
+91-9740217006 or email us at
iqstreamtechnologies@gmail.com
