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What Is Supply Chain Management?

Supply Chain Management is the process of flow of goods and services from company to buyer. It includes Production process, Manufacturing Process and Distribution Process finally to the consumer. The Supply Chain Management is the economical channel, where we can transport the goods and services from company to consumer. To accomplish this task, the company, create the network of supplier that move raw material for the organization who deal directly with end users. Supply chain management Software reduces the inventory cost. It transports the product in its Original State.

In Business Supply Chain Management is the arrangement of associations, People, data, exercises and assets required in moving substantial and impalpable items and administrations from provider to customer. It includes in the transformation of raw materials, natural products and components into finished goods that delivered to end customer. Supply Chain is recycling process where at any point product re-enter in the supply chain management and the residual value is recyclable. Supply chains are complete channel link from supplier to end consumer

How Supply Chain Management Works

Averiware streamlines purchasing and inventory management tasks by providing decision support and automating purchase requests and other recurring procurement steps. The SCM module provides data and imbedded controls to shorten lead times and expedite procurement actions. With greater accuracy, insight, and streamlined processes provided by SCM, you will avoid most excess inventory costs and ‘stock-outs’ that negatively impact customers’ current needs and longer term loyalty.

Features of Supply Chain Management

  • Convert Inventory Requisitions to Purchase Orders at the click of a button
  • Create and track purchase orders for inventory and service items for multiple locations
  • Unlimited notes/specifications at line item level with data feed to inventory and sales management
  • Warning when establish credit limit with supplier is exceeded
  • Purchase request authorization includes digital signature if desired
  • Vendor price list management
  • Electronic submission of Purchase orders to vendors
  • Make and track prepayments without vendors’ invoices
  • Make and track advance payments with automatic application to invoices
  • Backorder visibility
  • Item association to multiple vendors
  • Unlimited number of items
  • Inventory quantity tracking
  • Create inventory items ‘on the fly’ from transaction entry screens
  • Select standard or (weighted) average costing
  • Item serialization control
  • Multiple pricing and discount levels with quantity tiers
  • ‘Soft’ allocation of inventory items
  • Reorder point and minimum order quantity
  • Inventory adjustments for quantity and cost
  • Return Materials Authorization (RMA) with one click Shipping Document and Debit Memo
  • Inventory handling for multiple locations with transfer capability
  • Kitting and de-kitting of inventory and service items with automatic cost calculation
  • Automatic notification to Buyers of items at reorder levels and pending requisitions
  • Inventory item specifications/quality clauses/inspection instructions
  • Authorized vendors for all inventory items
  • Look at data content in inventory master file