Supply Chain management
Supply Chain Management (SCM) addresses a work by providers to create and carry out supply chains that are essentially as proficient and prudent as could really be expected. Supply chains cover everything from creation to item advancement to the data frameworks expected to coordinate these endeavors.
Regularly, SCM endeavors to midway control or connection the creation, shipment, and conveyance of an item. By dealing with the inventory network, organizations can reduce abundance expenses and convey items to the shopper quicker. This is finished by keeping more tight control of inward inventories, inner creation, appropriation, deals, and the inventories of organization sellers.
SCM depends on the possibility that practically every item that comes to showcase results from the endeavors of different associations that make up an inventory network. Despite the fact that supply chains have existed for a very long time, most organizations stand out to them as a worth adding to their tasks.
SCM is significant in light of the fact that it can assist with accomplishing a few business goals. For example, controlling assembling cycles can further develop item quality, decreasing the gamble of reviews and claims while assisting with building areas of strength for a brand. Simultaneously, controls over delivery techniques can further develop client care by staying away from exorbitant deficiencies or times of stock oversupply. In general, supply chain management gives potential chances to organizations to further develop their overall revenues and is particularly significant for organizations with enormous and global tasks.
Procure to Pay
- Processing Purchase Orders / Product Bills
- Inventory Receipts Tracking and Transfers
- Open Item Follow-up and Finalization, order not received, invoiced but not received, received but not invoiced
- Suppliers Advances Tracking and Allocation
Order to Cash
- Processing Sales Orders / Invoices
- Sales Orders
- Processing Assembling and Production
- Tracking Inventory Consumption to Production and Finished Goods
- Tracking Inventory Movements, Batch Tracking, Lot Expiry, Costing Methods
- Product Master, BOM, Attributes Setup, Updates and Maintenance
- Location / Warehouse Management
- Inventory Valuations and Reporting
COGS Calculation and Consumption Tracking B2B and B2C