In order to modernize your warehouse and power innovation, material handling and supply chain experts need tools. These 8 types of supply chain management software are designed to drive productivity at every phase of production. After all, the US supply chain accounts for 37 percent of all jobs, which equals 44 million workers. It’s critical your company focuses on creating the warehouses of the future.
Here are the 8 types of supply chain management software that improve delivery, disposal, manufacturing, planning, and sourcing.
It’s crucial you maintain real-time tracking of your shipments. Retailers lose $50 billion annually to lost shipments, so you can see how widespread is the need for shipment tracking. You can monitor shipping status by setting alerts for when shipments are set to be delivered, en route, and completed.
Here are several shipping status software:
You can simplify order processing by using software to keep track of everything, from sales channel integrations to billing. Order processing requires centralization to avoid manual errors.
These are some of the top order processing—also known as order management systems—software:
The just-in-time (JIT) production method prevents inefficiency by ensuring materials aren’t sitting around your warehouses. Instead, necessary materials arrive at your warehouse when needed. This requires strong forecasting to predict exactly when your materials will run out.
Here are some lean inventory software:
How can you keep rising costs—especially now with the current level of inflation happening—associated with your warehouses at bay? One way to do this is through optimization. Make sure your organization is controlling and overseeing purchases and managing stock.
These warehouse management software can help you improve warehouse optimization:
Which suppliers are your supply chain dependent on? You should always assess—and reassess—what suppliers you’re working with. Is there another option out there who can provide the same quality of service at a reduced cost? A thorough analysis will allow you to make these decisions for maximum warehouse efficiency.
These are some supplier management software your business can use:
Prevent future stock shortages by incorporating past data through demand forecasting. Demand forecasting helps efficient supply chains anticipate surges and slumps in sales. Therefore, your JIT inventory will always meet the needs of your production demands.
Here are some demand forecasting software:
Analytics and Reports
Analytics inform strategic decision-making for innovative organizations. Your supply chain management depends on real-time reporting to analyze inefficiencies throughout the process. Therefore, analytics and reports power cutting-edge supply chain processes.
These are several analytics and reporting software you can use:
Do your products live up to the ever-changing consumer standards of how they’re produced? Are they compliant with the latest government and industry standards? In order to avoid inefficiency by ordering non-compliant products, compliance software can transform your company.
Here are some compliance software you can use:
If you want to find top material handling and supply chain talent, reach out to Applied Resource Group. As Atlanta’s top staffing firm, we deliver high-performing experts in these 8 types of supply chain management software.