Supply Chain Management refers to the process of the flow of services and goods and involves stages such as storage and movement of raw material, delivery of finished goods from manufacturing units to the consumer and operation of work-in-process inventory. This whole system functions through a network of interconnected service provides, channels and node businesses. The system combines the individual expertise of these areas and facilitates the delivery of products and services to the customers.
Supply chain management creates an effective delivery system through the design, planning, execution, control and monitoring of supply chain activities. It builds an infrastructure on the basis of the services of worldwide logistics, warehouses, product manufacturing units, etc. It involves marketing channels to communicate information to the customers as well as carry out research regarding sustainability and risk management.
The activities of supply chain management have been automated through supply chain software in the recent times. This software performs all the supply chain management activities, such as registering a demand, tracking, delivering, etc., for a particular product. It has a set of software tools that execute transactions, manage supplier relationship and control other business processes. It carries out functions, such as customer requirement processing, purchase order registering, sales and distribution, inventory management, receipt of goods, warehouse management, supplier management and sourcing.
One company that provides the service of excellent supply chain software is Halo. The features about its supply chain software can be seen at its website, https://halobi.com/. Its supply chain software is a collaborative platform for self-service supply chain planning and data discovery helping you accurately measure performance.
Halo’s supply chain software is customer driven and synchronizes operations amongst sales, operations and finance. It provides information regarding sales forecast and tracks the movement of goods through the supplier networks. By doing this, it optimizes the flow of goods through the supply chain. It helps the manufacturers to schedule the delivery period of goods correctly by giving them the accurate view of the demand by the customers. Halo’s supply chain analytics software helps business users understand demand versus supply by SKU or by product line, by week, month, or quarter.The Halo platform has been designed for the business user with simple, intuitive interfaces, a prebuilt S&OP dashboard, visual analytics, what-if modeling, and predictive analysis.
So, if you are in the manufacturing business and often have to supply goods to the customers, you can look up to Halo’s supply chain software to fix a lot of data for you. It will give you end-to-end visibility of the process and generate the different types of reports for you analyze and guide your decision making ability. Visit https://halobi.com/ and enlighten yourself about the product that can take your business to the next level.