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Supply chain management (SCM) involves planning, execution, control, and monitoring of supply activities. An ERP solution takes care of physical aspects of supply that includes storage and transportation and the market aspect of effectively managing demand and supply to meet customer demands.
- What is Enterprise Resource Planning ERP supply chain management?
- How are enterprise resource planning ERP systems related to supply chain management SCM systems?
- What is resource planning in supply chain management?
What is Enterprise Resource Planning ERP supply chain management?
Enterprise resource planning (ERP) refers to a type of software that organizations use to manage day-to-day business activities such as accounting, procurement, project management, risk management and compliance, and supply chain operations.
How are enterprise resource planning ERP systems related to supply chain management SCM systems?
One important function of SCM is determining the quantity of materials, products, and resources required, including labor. An ERP system with SCM capabilities creates automatic supply and demand forecasts using historical and real-time data, helping organizations quickly respond to constantly changing supply chains.
What is resource planning in supply chain management?
Resource planning systems help businesses manage their inventory and production equipment. They support processes for supplier coordination, and enable the accurate and timely fulfillment of customer orders. They help transform raw materials into finished products that can be sold.
