TYPES OF SOFTWARE
Each line on the map represents a different type of (supply chain) software.
Enterprise Resource Planning (ERP)
Cross-functional enterprise system driven by an integrated suite of software modules that supports the basic internal business processes of a company.
Warehouse Management System (WMS)
Primarily aims to control the movement and storage of materials within a warehouse and process the associated transactions, including shipping, receiving, put-away and picking.
Inventory Optimization (incl. statistical probability distribution)
A method of balancing capital investment constraints or objectives and service-level goals over a large assortment of stock-keeping units (SKUs) while taking demand and supply volatility into account and include statistical probability distribution of each SKU.
Transport Planning System (incl. route scheduling & optimization)
Designed to manage and optimize inbound and/or outbound transportation operations through automated routing and rating, shipment consolidation and load building and transportation cost visibility and allocation.
Shipment & Transport Execution Platforms (incl. Freight Management)
Software platform to select carriers and manage shipments of packages, pallets and containers by using booking, tracking, accounting and reporting capabilities (also called Freight Management).
Global Trade Management (incl. customs & duty regulations)
Software that automates key import, export, global logistics and trade agreement management processes customs clearing and duty regulations
Demand Planning & Forecasting (incl. statistical analysis)
a process of creating reliable forecasts of future demand to improve forecast accuracy, align inventory levels with peaks and troughs in demand, and enhance profitability for a given channel or product through statistical analysis and the use of causal models.
Supply Chain Network Design
Software tool to review historical operational and sales data, to optimize cost and service, to develop multiple “what if” scenarios; and to model and optimize the supply chain carbon footprint with use of mixed-integer linear programming (MILP) solvers.
Production Planning & Scheduling
Management and allocation of resources, events and processes to manufacture goods based finite capacity and with the usage of heuristic solvers for optimization.
Sales & Operations Planning (S&OP)
Formal process consisting of series of meetings where decisions are made based on data from various business functions to reach agreement on the best course of action to achieve the optimal balance between supply and demand and to meet profitability goals.
Manufacturing Execution System
Automated system that provides real time tracking and documenting information about the supply chain.
Supply Chain Visibility
Transparency in the supply chain workflow facilitated through the built-in messaging and data transport system that can allow the participants in the supply chain system such as supply chain partners to keep track of the items they need in a real time environment.
Business Intelligence (BI) & Business Analytics (BA)
A set of theories, methodologies, processes and technologies that transform raw data into meaningful and useful information for business purposes and gain insight and drive business planning.
Supply Chain Risk Management
Continuous process of analysing all types of risks to minimize supply chain vulnerability and create continuity.
Order Management System
Software that calculates the most efficient and cost effective manner to execute and manage orders.
Software or online platform for business-to-business purchase and sale of supplies, work, and services to manage the purchase-to-pay cycle (logistics tendering not included).